Brazil Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices and Non-fusion Devices)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 4.97 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Brazil spinal surgery devices market will show a rapid growth due to increasing incidences of obesity and degenerative spinal conditions and technological advances in spinal surgery.

According to a survey by the Health Ministry 2019, Brazil obesity rate has been seen to increase from 11.8 percent to 19.8 percent between 2006 and 2018. Therefore, the rate of obesity in Brazil is on the rise. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.

According to the World Health Organization and the Brazilian Institute of Geography and Statistics reported that by 2040, the geriatric population in Brazil (aged ≥ 60 years) will reach approximately 55 million, which will result in a high prevalence of chronic neurological disorders. Despite increasing hospital admissions of this population, studies on the prevalence of neurological disorders among older adult inpatients are scarce, particularly in Brazil. Therefore, with the increase in the geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

Scope of the report

As per the scope of the report, the spinal surgery devices market is a significant, money-spinning sub-segment of the orthopedic industry. Spine surgery has traditionally been an ‘open surgery’, wherein, a long incision allows the surgeon to access the spine anatomy.

By Device Type
Spinal Decompression
Corpectomy
Discectomy
Laminotomy
Others
Spinal Fusion
Cervical Fusion
ThoracoLumbar Fusion
Other Spinal Fusions
Fracture Repair Devices
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

Spinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

The spinal fusion devices in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied.

Picture3.png

To understand key trends, Download Sample Report

Competitive Landscape

The Brazil spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidences of Obesity and Degenerative Spinal Conditions

      2. 4.2.2 Technological Advances in Spinal Surgery

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Treatment Procedures

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Spinal Decompression

        1. 5.1.1.1 Corpectomy

        2. 5.1.1.2 Discectomy

        3. 5.1.1.3 Laminotomy

        4. 5.1.1.4 Others

      2. 5.1.2 Spinal Fusion

        1. 5.1.2.1 Cervical Fusion

        2. 5.1.2.2 ThoracoLumbar Fusion

        3. 5.1.2.3 Other Spinal Fusions

      3. 5.1.3 Fracture Repair Devices

      4. 5.1.4 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Medtronic PLC

      2. 6.1.2 Styker Corporation

      3. 6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)

      4. 6.1.4 Globus Medical Inc.

      5. 6.1.5 Zimmer Holdings Inc.

      6. 6.1.6 Orthofix Holdings Inc.

      7. 6.1.7 Nuvasive Inc.

      8. 6.1.8 Biomet, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Brazil Spinal Surgery Devices Market market is studied from 2018 - 2026.

The Brazil Spinal Surgery Devices Market is growing at a CAGR of 4.97% over the next 5 years.

Medtronic PLC , Styker Corporation , Globus Medical Inc. , Zimmer Holdings Inc. , Johnson and Johnson are the major companies operating in Brazil Spinal Surgery Devices Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!