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The market is segmented by Device Type (Spinal Decompression, Spinal Fusion, and Others)
The France Spinal Surgery Devices market studied was anticipated to grow with a CAGR of 5.13%, during the forecast period. The major factors attributing to the growth of the France spinal surgery devices market are advancements in technology in spinal surgery equipment, growing aging and obese populace with growing number of spinal deformities, and increasing demand for noninvasive spinal surgery procedures. Approximately 170,000 people fall victim to spinal cord injury every year in France. Nearly 10,000 of them continue to have life-long impairments, including tetraplegia or paraplegia in the specific instance of spinal injury. With evolving lifestyle and food consumption methods in the country such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations due to increased obesity which will further boost the market growth of devices during the forecast period.
The demand for spinal surgery products is a significant money-spinning sub-segment of the orthopedic market. Generally, spinal surgery has been an open procedure in which an extensive incision allows the surgeon to examine the structure of the spine.
|By Device Type|
|Fracture Repair Devices|
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Spinal fusion is estimated to have the largest market share in the device category segment of the market for spinal surgery devices and is expected to experience a healthy CAGR during the forecast period. The type of spinal fusion device is majorly sub-segmented into cervical fusion, inter-body fusion, and thoracolumbar fusion. Several products in the market offer traditional yet better treatments for patients with lumbar spinal stenosis, along with alternative advanced treatments for spinal decompression. The key market competitors manufacture complex stabilizing tools for the lumbar spine for both anterior and posterior. In fact, there are many clinical trials ongoing for further advancement. This component would likely offer multiple benefits in terms of market growth during the forecast period.
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The France spinal surgery devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the country. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in the technological advances in the field of spinal surgery
4.2.2 Increase in geriatric population
4.3 Market Restraints
4.3.1 Expensive treatment procedures
4.3.2 Stringent reimbursement concerns
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.2 Spinal Fusion
188.8.131.52 Cervical Fusion
184.108.40.206 Interbody Fusion
220.127.116.11 ThoracoLumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zimmer Biomet
6.1.2 Stryker Corporation
6.1.3 Johnson & Johnson
6.1.4 Medtronic plc
6.1.5 Globus Medical
6.1.6 SeaSpine Holdings Corporation
6.1.7 Orthofix Holdings Inc.
6.1.8 Nuvasive Inc.
6.1.9 Joimax GmbH
6.1.10 RTI Surgical Holdings, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments