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The market is segmented By Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, and Others).
The developments in spine surgery and advancements in associated technology have produced stable growth in volumes of surgeries. Companies involved in spinal surgery devices focus intensively on technological advancement. With recent developments like spinal navigation technology, newer minimally invasive techniques are expected to become available, enabling the integration of emerging technology in spinal surgery devices. Spinal navigation technology enables the surgeon to place spinal instrumentation more accurately, perform decompression, remove tumors, and other tasks. Such advances will result in smaller incisions, less trauma to normal tissues, faster healing time, and quicker recovery. The other factors such as increasing adoption of minimally invasive surgeries is also expected to drive the market in the forecast period.
As per the scope of the report, the spinal surgery devices market is a significant. 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.
|By Device Type|
|Fracture Repair Devices|
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Based on Spinal Fusion, the market is segmented into Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion and Other Spinal Fusions. The growth of interbody fusion segment is mainly attributed to the rising number of spinal injuries and increasing geriatric population. Interbody fusion places bone graft between vertebrae in area usually occupied by the intervertebral disc; fusion then occurs between endplates of the vertebrae. Many products available in the market provide conventional, yet effective treatments to patients. The significant advancements in the field of spinal surgery devices is expected to contribute towards the market expansion. Hence, owing to the aforementioned factors, the segment is believed to witness rapid growth over the forecast period.
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The market studied is moderately competitive and there are several global players that are operating in this Mexico. The global players in the Mexico spinal surgery devices market are B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson, Medtronic PLC, Orthofix Holdings Inc, Styker Corporation and Zimmer Biomet.
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 Increasing Adoption of Minimally Invasive Surgeries
4.2.2 Technological Advancements in Spinal Surgery
4.3 Market Restraints
4.3.1 High Treatment Cost
4.3.2 Stringent Regulatory Framework
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
22.214.171.124 Cervical Fusion
126.96.36.199 Interbody Fusion
188.8.131.52 ThoracoLumbar Fusion
184.108.40.206 Other Spinal Fusions
5.1.3 Fracture Repair Devices
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Globus Medical Inc.
6.1.3 Johnson & Johnson
6.1.4 Medtronic PLC
6.1.5 Orthofix Holdings Inc.
6.1.6 Styker Corporation
6.1.7 Zimmer Biomet
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments