Global Spine Surgery Market 2015-2019

Market outlook of the global spinal surgery market

Technavio’s market research analyst estimates the global market for spine surgery to generate a revenue of more than USD 14 billion by 2019. This market is expected to grow steadily during the forecast period and is primarily driven by factors like the increasing aging population and increasing incidence of spinal disorders like herniated discs, VCFs, degenerative disc disease, spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis.

Geographically, the Americas are expected to lead the market for spine surgeries during the forecast period. An important factor that promotes market growth in this region is the increase in aging population. This increase in the number of aged people is expected to result in the increased prevalence of spinal disorders like herniated discs and osteoarthritis. Also, the recent increase in the number of trained surgeons in this region is expected to result in the expansion of their patient base, which in turn will lead to market growth during the forecast period.

Segmentation by method and analysis of the spinal surgery market

• Spinal fusion procedure
• Spinal non-fusion procedure

In this market research report, analysts envisage the spinal fusion procedure segment to be the leading market segment during the forecast period. This segment accounted for a market share of nearly 93% in 2014, and is predicted to retain its dominating hold over the market during the forecast period. The ability of this procedure to treat conditions like degenerative disc disease, spondylolisthesis, spinal stenosis, scoliosis, and fracture is expected to account for its high market share during the forecast period.

Procedural segmentation of the spinal surgery market

• Traditional/open surgery
• Minimally invasive surgery

In this market study, analysts estimate the minimally invasive surgery segment to exhibit the highest market growth rate during the forecast period. This segment is expected to account for almost 80% of all spinal surgeries by 2019 and factors like improved clinical evidence, increase in technological innovations, and enhanced end results are envisaged to account for its high growth during the forecast period.

Competitive landscape and key vendors 

This market is highly competitive and is characterized by the presence of large, well-established, and new vendors. Since this market is subject to rapid change, it is significantly influenced by new product launches and other market activities of key companies.

Key vendors in this market are -

• Depuy Synthes
• Medtronic
• Nuvasive
• Stryker
• Zimmer

Other prominent vendors mentioned in this market research report are Aesculap Implant Systems, Alphatec Spine, Amedica, AOI Medical, Biomet, Bonesupport, Cook Medical, Crosstrees Medical, Exactech, DFine, Globus Medical, Integra Lifesciences, Joimax, K2M, LDR, NuTech Medical, Orthofix International, Orthovita, Paradigm Spine, RTI Surgical, Smith & Nephew, Trans1, Vexim, VTI, and Zavation.

Key questions answered in the report include

• What will the market size and the growth rate be in 2019?
• What are the key factors driving the global spinal surgery market?
• What are the key market trends impacting the growth of the global spinal surgery market?
• What are the challenges to market growth?
• Who are the key vendors in the global spinal surgery market?
• What are the market opportunities and threats faced by the vendors in the global spinal surgery market?
• Trending factors influencing the market shares of the EMEA, Americas, and APAC?
• What are the key outcomes of the five forces analysis of the global spinal surgery market?

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Minimal Invasive Surgery Market 2015-2019
• Global Spinal Implants Market 2014-2018
• Global Robotic Surgery Market 2015-2019