The increasing aging population and their growing need for spine care are driving the demand of the market.
The global Spinal Fusion Devices Market will be worth USD 8.90 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing condition of spine degeneration among the aging population as people over the age of 65 are more likely to experience symptomatic spinal conditions as a result of natural degeneration. The emergence of better healthcare technology in the emerging economies due to the increasing healthcare budgetary allocation is expected to drive the growth of the spinal fusion devices market over the forecast period.
The global Spinal Fusion Devices market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
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The thoracolumbar devices segment held the largest market share of 45.3% in 2019. The rising aging population and their increasing demand for spinal care are expected to drive the growth of thoracolumbar devices. Minimally Invasive Spine Surgery is forecasted to grow with the fastest CAGR of 4.0% over the forecast period. The risks associated with open surgeries are contributing to the growing adoption of the Minimally Invasive Spine Surgery by Healthcare professionals.
The global Spinal Fusion Devices market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key participants include Braun Melsungen, Alphatec Holdings, Inc., Exactech, Inc., DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Medtronic PLC, Globus Medical, Inc., NuVasive, Inc., Stryker Corporation, Orthofix International N.V., and Zimmer Biomet Holdings, Inc., among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Sensor Fusion industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Sensor Fusion market and its key segment.
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Cervical Fixation Devices
- Thoracolumbar Devices
- Interbody Fusion Devices
- Surgery Outlook (Revenue, USD Billion; 2017-2027)
- Minimally Invasive Spine Surgery
- Open Spine Surgery
- End User Outlook (Revenue, USD Billion; 2017-2027)
- Specialty Clinics
- Hospitals & Ambulatory Surgery Centers
The Spinal Fusion Devices market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
Geographical Spinal Fusion Devices Market:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, the U.K, Russia, and Italy)
- Asia Pacific (China, Japan, Korea, India, and Southeast Asia)
- Latin America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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Global Sensor Fusion Market Report – Table of Contents:
- Report Overview
- 1 Research Scope
- 2 Key Sensor Fusion market segments
- 3 Target players
- 4 Market analysis by type
- 5 Market analysis by application
- 6 Key learning objectives
- 7 Report timeline
- Global Growth Trends
- 1 Global Sensor Fusion market size
- 2 Latest trends of the Sensor Fusion market by region
- 3 Key corporate trends
- Global Sensor Fusion Market share by key players
- 1 Global Sensor Fusion Market size by manufacturers
- 2 Global Sensor Fusion Market key players
- 3 Products/solutions/services of major players
- 4 New entrants in the Sensor Fusion market
- 5 Mergers, acquisitions, joint ventures, and expansion plans
- Global Sensor Fusion Market by product type
- 1 Global Sensor Fusion Sales by Product
- 2 Global Sensor Fusion by Product Revenue
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Spinal Fusion Devices market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Spinal Fusion Devices industry to forecast the same evaluations until 2027. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Spinal Fusion Devices Market.
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