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Top 6 Vendors in the Global Anterior Cervical Fixation Devices Market from 2016 to 2020: Technavio

Technavio Research
Posted on: 21 Sep 16

Technavio has announced the top six leading vendors in their recentglobal anterior cervical fixation devices marketreport. This research report also lists 43 other prominent vendors that are expected to impact the market during the forecast period.

 
Anterior cervical fixation is performed surgically to treat damaged/herniated discs that cause compression of spinal cord or nerve root. The surgery stabilizes the corresponding vertebrae, and the pain is decompressed by fixing the anterior fixation system with essential anterior plating, screws, and implants.

The global anterior cervical fixation devices market is likely to grow at a slow pace during the forecast period as the major market share dominated by the Americas has reached its maturity level due to the adoption of the cervical disc replacement devices. The factors influencing the market growth include the demand for new surgical techniques that allow spine surgeries and the introduction of new products to the market; this will increase the global demand for anterior cervical fixation devices. However, the market in countries such as the US and the UK is reaching maturity. Though this factor will negatively affect the revenue of anterior cervical fixation related surgeries in these countries to a certain extent, the sales will not be much affected owing to the rising incidence of spinal disorders among all age groups, particularly among people aged 60 years and above.

Competitive vendor landscape

According to Jhansi Mary, a lead orthopedics and medical devices analyst from Technavio, “The competition in the global anterior cervical fixation devices market is intense, with the presence of many global and local players. The market entry of new companies will further increase the competition during the forecast period. To compete in the market and increase their shares, companies adopt various strategies.”

The vendors implement an outsourcing strategy to save time in manufacturing devices, which they can use to design and develop other types of spinal implants. The implementation of this strategy increases the companies' dependence on contract manufacturers that develop products or assemble associated components and deliver them to OEMs or the companies on time.

Request a sample report: http://www.technavio.com/request-a-sample?report=52243

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Top six anterior cervical fixation devices market vendors

Globus Medical

The company markets its products through the innovative fusion products. The products are used to address the entire spine to treat degenerative, deformity, tumor, and trauma conditions.

The company's primary market is the US, where it is estimated that approximately half of all spine surgeries occur. Currently, the company has over 130 products for the treatment of spine disorders, with 30 new products in various stages of development. In 2013, the company launched a new pedicle screw platform, CREO, which offers lower profile constructs, and several other surgical options. CREO also features its non-threaded locking cap design that eases building of thoracolumbar fixation constructs. Further in 2014, the company launched several additions to the CREO system including streamlined and intuitive instruments.

Johnson & Johnson

The company offers its products through its subsidiary DePuy Synthes. It designs, manufactures, and distributes orthopedic and neurological devices throughout the world. The company offers a range of fixation systems, spacers, and bone grafts for this market.

The company offers products for internal and external fixation, develops and manufactures pain management and MI solutions, including spinal-care solutions for traditional and MI spine surgery. It also provides implants and instruments for the treatment of shoulder reconstruction and biomaterials for the treatment of spine, and maxillofacial surgery. It serves healthcare providers worldwide.

Medtronic

The company markets its products through its restorative therapies group. This segment generated a revenue of USD 6.75 billion in FY2015. It accounted for 33.31% of the net sales of the company in FY2015. The company offers a range of fixation systems in the market. Its products treat a variety of conditions affecting the spine, including DDD, spinal tumors, fractures of the spine, spinal deformity, and stenosis.

NuVasive

The company's products facilitate cervical fusion procedures for either the POCT region or the anterior cervical region. The company's acquisition of Ellipse Technologies added a disruptive technology platform to the company’s portfolio. The company expects the acquisition to accelerate its revenue growth toward the high-single digit range.

Stryker

The company offers a range of fixation systems and spacers in the market. The company offers its equipment through the neurotechnology and spine segment. The segment generated a revenue of USD 1.82 billion for FY2015 of which spine products amounted to USD 740 million. This segment accounts for 18.30% of the annual sales of the company for FY2015. The segment products are used for MI endovascular techniques, spinal injury, deformity and degenerative therapies.

Zimmer Biomet

The company offers its products through its spine and CMF product segment. This segment provides products and services for individuals with back or neck pain caused by degenerative conditions. It generated a revenue of USD 404.4 million in FY2015. The company provides a range of fixation systems, spacers, and fusion devices.

Browse Related Reports:

Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact enquiry@technavio.com with your requirements and our analysts will be happy to create a customized report just for you.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160921005884/en/

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Last updated on: 21/09/2016

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