Global Spine Devices Market Report from Angles of Players, Regions, Product Types and End Industries, Reviewed till 2022

The development of innovative spine devices has increased with the rise in spinal disorders, obese and aging population, and various other factors. Spine devices manufacturers are focusing on developing minimally invasive devices to simplify the complex spinal procedures. Spinal cord stimulation, cell-based technology and endoscopic spine surgery are also among the focus areas of manufacturing spine devices. This Fact.MR report analyzes the expansion of global spine devices market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

The scope of Fact.MR’s report is to analyze the global spine devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global spine devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to spine devices.

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According to a new Fact.MR report, the global spine devices market is projected to reach US$ 8,348.2 million revenue by the end of 2022. The market is expected to witness robust growth during the forecast period 2017 to 2022. Implantable Polyetheretherketone (PEEK) is also gaining traction and has become one of the most common biomaterials used in spinal devices. Improving quality of care and ongoing research are also driving the global spine devices market.

Spinal Plates to Emerge as Highly-Preferred Spine Device
Spinal plates are being used on a large scale by surgeons to ensure fixation of the spine. Spine plates are anticipated to remain the top-selling product in global spine devices market during 2017-2022. Sales of spine plates is projected to bring in nearly US$ 2,000 million revenue by the end of 2022. Meanwhile, Spinal screws is expected to emerge as the second largest product in the global spinal devices market. Between 2017 and 2022, spinal screws segment is anticipated to create an incremental opportunity of over US$ 300 million.

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Hospitals to Witness Maximum Revenue Share
Hospitals are expected to form as strong customer base in the global spine devices market as compared to orthopedic clinics. Towards the end of 2017, hospitals are anticipated to account for more than two-third of global revenue share. Hospitals as end users are projected to reach close to US$ 5,700 million by the end of 2022. Increasing number of spinal surgeries performed at hospitals is one of the factors driving demand for spinal devices.

Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global spine devices market through 2022, which include Exactech, Inc., NuVasive, Inc., DePuy Synthes, Amedica Corporation, Braun Melsungen AG, Arthrocare, Medtronic Plc., K2M Group Holding, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

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This release was published on openPR.