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Sunday, January 5, 2014

Global Spine Surgery Devices Market Poised $14.8 Billion by 2017

The global spine surgery devices market consists of fusion, non-fusion, spinal decompression, VCFs treatment products, and Spine biologics technologies. The global spine surgery devices market is estimated at $11,554 million in 2012 and is poised to grow at a CAGR of 5.1% to reach $14,833 million by 2017.The new market research report “Spine Surgery Devices Market Forecasts to 2017 - Global Trends & Competitive Analysis”, analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and Rest of the World.

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The market is broadly segmented into five classes, such as fusion, non-fusion, spinal decompression, vertebral compression fracture treatment products and spine biologics. Fusion category can be divided into spine fusion and fixation and spinal bone stimulators. Non-fusion segment consists of motion preservation technologies such as dynamic stabilization, artificial discs, annual repair, and nucleus replacement. Vertebral compression factures treatment category includes market for vertebroplasty and kyphoplasty kits. Spinal decompression segment consists of niche markets such as corpectomy, disectomy, foraminotomy/forminectomy and laminotomy/laminectomy. Allogarfts, bone morphonenetic proteins, demineralised bone matrix, bone substitutes and machined bones, together contribute to overall category of spine biologics.

North America is the largest market for spine surgery devices, followed by Europe. However, the Asia-Pacific countries represent the fastest growing markets as large population, growing physicians and patient awareness about the new technologies, improving reimbursement coverage, booming medical tourism and increased purchasing power of hospitals have led to an increased drive of patients from developed regions towards Asian countries such as India and China. Moreover, established players in the market such as Medtronic, DePuy Spine, Synthes, Stryker Corp., NuVasive, Globus Medical, Orthofix International, Biomet Spine, and Zimmer, have shown an increased inclination towards the Asian countries for market expansion.

Report includes company profiles of major players such as Medtronic (U.S.), DePuy Spine (U.S.), Synthes (U.S.), Stryker, Corp. (U.S.), NuVasive (U.S.), Globus Medical (U.S.), Orthofix International (The Netherlands), Biomet Spine (U.S.), Zimmer (U.S.), Alphatec Spine (U.S.), Pioneer Surgical (U.S.), K2M (U.S.), RTI, Inc. (U.S.), Integra Lifesciences (U.S.), Spine Vision (France), Spine Guard (France), Paradigm Spine (U.S.), Exatech (U.S.), Eden Spine (U.S.), LDR Holdings (U.S.), Amedica (U.S.), Orthovita (U.S.), and Trans1 (U.S.)

The agenda for the briefing includes discussion on key high growth markets, marking the growth trend in spine surgery devices market. Furthermore, a briefing will be conducted on the competitive scenario, geographical trends and opportunities with focus on geographies such as North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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