Europe Spinal Surgery Devices Market- Growth, Trends, and Forecast (2019 - 2024)

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

Market Snapshot

Image 1_Europe Spinal Surgery Devices Market
Study Period:

2016-2024

Base Year:

2018

CAGR:

6.3%

Key Players:

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Market Overview

The Europe Spinal Surgery Devices Market has shown a healthy growth owing to the increasing demand for minimally invasive surgical procedures, a growing burden of obesity, aging population, and associated spine disorders and continuous advancements in spine surgery technologies.

The spine disorders (SD) and the associated pain that is found to be the major medical, social, and economic problem because of its high prevalence and the ever-increasing number of patients in the elderly population. In most of the SD cases, patients experience the pseudo radicular pain, and in the majority, the pain results from degenerative changes in the spine, involving the intervertebral discs, facet joints, and soft tissues. There is also a demographic trend toward an aging population that represents an increasing need for the management of old age-associated spine disorders. These disorders have raised the overall demand for spinal surgery devices, acting as a potential driver of the market.

Scope of the Report

As per the scope of the report, spinal surgery is found one of the fastest growing surgical techniques. It has evolved into one of the major segments of the orthopedic industry. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. Therefore for performing these surgeries, there is a requirement of these spinal fusion devices that are used for the treatment of spinal deformities such as degenerative disc disease and spondylolisthesis.

By Type
Spinal Decompression
Corpectomy
Discectomy
Facetectomy
Foraminotomy
Laminotomy
Spinal Fusion
Cervical Fusion
Interbody Fusion
ThoracoLumbar Fusion
Other Spinal Fusions
Fracture Repair
Arthroplasty
Non-fusion Procedures
Geography
Europe
France
Germany
United Kingdom
Italy
Spain
Rest of Europe

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Key Market Trends

Lumbar Fusion is Anticipated to be the Dominant Segment in Type during the Forecast Period

Lumbar fusion is found to be an effective treatment option for patients suffering from lumbar spinal stenosis and advanced alternative treatment for decompression spine surgery. There are also high adoption rates of minimally invasive procedures, such as transforaminal lumbar interbody fusion (TLIF) and posterior lumbar interbody fusion (PLIF) that are contributing to the market expansion. The major players in this field manufacture both anterior and posterior dynamic stabilization devices and there are also several clinical trials for new products that are in process, which is likely to drive the growth in the coming future.

Image 2_Europe Spinal Surgery Devices Market

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Competitive Landscape

Some of the major players of spinal surgery present in the market are found focusing on product innovations, expansions, finding new markets or innovating their core competency to expand their individual market share.

Major Players

  1. Alphatec Spine Inc.
  2. Depuy Synthes Spine Inc. (Johnson & Johnson)
  3. Globus Medical Inc.
  4. Orthofix Holdings Inc.
  5. Medtronic PLC

* Complete list of players covered available in the table of contents below

Image 3_Europe Spinal Surgery Devices Market

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 Demand for Minimally Invasive Surgical Procedures

      2. 4.2.2 Increasing Incidence of Obesity, Aging Population, and Associated Spine Disorders

      3. 4.2.3 Continuous Advancements in Spine Surgery Technologies

    3. 4.3 Market Restraints

      1. 4.3.1 High-cost and Time Involved in Treatment Procedures

      2. 4.3.2 Reimbursement Issues

    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 Type

      1. 5.1.1 Spinal Decompression

        1. 5.1.1.1 Corpectomy

        2. 5.1.1.2 Discectomy

        3. 5.1.1.3 Facetectomy

        4. 5.1.1.4 Foraminotomy

        5. 5.1.1.5 Laminotomy

      2. 5.1.2 Spinal Fusion

        1. 5.1.2.1 Cervical Fusion

        2. 5.1.2.2 Interbody Fusion

        3. 5.1.2.3 ThoracoLumbar Fusion

        4. 5.1.2.4 Other Spinal Fusions

      3. 5.1.3 Fracture Repair

      4. 5.1.4 Arthroplasty

      5. 5.1.5 Non-fusion Procedures

    2. 5.2 Geography

      1. 5.2.1 Europe

        1. 5.2.1.1 France

        2. 5.2.1.2 Germany

        3. 5.2.1.3 United Kingdom

        4. 5.2.1.4 Italy

        5. 5.2.1.5 Spain

        6. 5.2.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alphatec Spine Inc.

      2. 6.1.2 Depuy Synthes Spine Inc. (Johnson & Johnson)

      3. 6.1.3 Globus Medical Inc.

      4. 6.1.4 Orthofix Holdings Inc.

      5. 6.1.5 Medtronic PLC

      6. 6.1.6 NuVasive Inc.

      7. 6.1.7 SeaSpine

      8. 6.1.8 SpineGuard SA

      9. 6.1.9 Stryker Corporation

      10. 6.1.10 Zimmer Holdings Inc.

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

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

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