Market Synopsis of Global Flexible spinal implants Market:
Technological advancements in spine implants, increasing aging and obese population, rising cases of spine deformities, demand for minimally invasive spine surgery, growth in the number of hospitals offering spinal surgeries are fueling the growth of global flexible spinal implants market. The market restraints are stringent product approval process, uncertain reimbursement scenario, high cost of treatment procedures, concerns about safety of advanced products etc.
Considering all these factors the market for flexible spinal implants is expected to reach 4 billion USD by the end of 2023, this market is projected to growing at a CAGR of ~ 13.2 % during 2017-2023.
Key Players of Global Flexible Spinal Implants Market:
Key players profiled in the report are Paradigm Spine LLC, Medtronic plc., Abbott Spine, Inc., Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Alphatec Holdings, Inc., NuVasive, Inc., Orthofix International N.V., and others.
The global flexible spinal implants market is segmented on the basis of type and applications. Based on type, the market has been segmented as rods, hooks, pedicle screws, plates, cages and other. Based on the applications, the market has been segmented as thoracic, lumbar, cervical, artificial discs and other.
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest region because of large unmet needs which is led by China and India. The Middle East and Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.
Figure 1 Global Flexible Spinal Implants Market by Type, 2016 (% Market Share)
Global Flexible Spinal Implants Market, by Region
The report for Global Flexible Spinal Implants Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions
Frequently Asked Questions (FAQ) :
The flexible spinal implants market CAGR would be 13.2% during the forecast period.
The Flexible Spinal Implants Market valuation would be USD 4 billion by 2023.
Types mentioned in the Flexible Spinal Implants Market report are hooks, pedicle screws, cages, rods, plates, and others.
Applications included in the Flexible Spinal Implants Market report are thoracic, lumbar, cervical, artificial discs and others.
The Asia Pacific region would be the fastest-growing Flexible Spinal Implants Market.
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2. RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3. MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4. MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
4.6 INTENSITY OF RIVALRY
5. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY TYPE
5.3 PEDICLE SCREWS
6. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY APPLICATIONS
6.1 THORACIC FLEXIBLE SPINAL IMPLANTS
6.2 LUMBAR FLEXIBLE SPINAL IMPLANTS
6.3 CERVICAL FLEXIBLE SPINAL IMPLANTS
6.4 ARTIFICIAL DISCS FLEXIBLE SPINAL IMPLANTS
7. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY REGION
7.1 NORTH AMERICA
7.4 MIDDLE EAST & AFRICA
8. COMPETITIVE LANDSCAPE
8.1 MAJOR STRATEGIES ADOPTED BY MARKET PLAYERS
8.1.1 STRATEGIC PARTNERSHIP
8.1.2 MERGER & ACQUISITION
9. COMPANY PROFILE
9.1 PARADIGM SPINE LLC
9.1.2 PRODUCT OVERVIEW
9.1.4 KEY DEVELOPMENTS
9.2 MEDTRONIC PLC.
9.2.2 PRODUCT OVERVIEW
9.2.4 KEY DEVELOPMENTS
9.3 ABBOTT SPINE
9.3.2 PRODUCT OVERVIEW
9.3.4 KEY DEVELOPMENT
9.4.2 PRODUCT OVERVIEW
9.4.4 KEY DEVELOPMENTS
9.5.2 PRODUCT OVERVIEW
9.5.4 KEY DEVELOPMENTS
9.6 STRYKER CORPORATION
9.6.2 PRODUCT OVERVIEW
9.6.4 KEY DEVELOPMENTS
9.7 ZIMMER BIOMET HOLDINGS
9.7.2 PRODUCT OVERVIEW
9.7.4 KEY DEVELOPMENTS
9.8 B. BRAUN MELSUNGEN AG
9.8.2 PRODUCT OVERVIEW
9.8.4 KEY DEVELOPMENTS
9.9 ALPHATEC HOLDINGS, INC.
9.9.2 PRODUCT OVERVIEW
9.9.4 KEY DEVELOPMENTS
9.10 NUVASIVE, INC.
9.10.2 PRODUCT OVERVIEW
9.10.4 KEY DEVELOPMENTS
9.11 ORTHOFIX INTERNATIONAL N.V.
9.11.2 PRODUCT OVERVIEW
9.11.4 KEY DEVELOPMENTS
10.1 KEY FINDINGS
10.1.1 FROM CEO’S VIEWPOINT
10.1.2 UNMET NEEDS OF THE MARKET
10.2 KEY COMPANIES TO WATCH
10.3 PREDICTION OF FLEXIBLE SPINAL IMPLANTS INDUSTRY