Non Fusion Spinal Devices Market Size, Statistics, Industry Growth, Value Chain, Trends And Forecast To 2028
Non fusion spinal devices is used to treat spinal damage, degenerative disc disorder. It provides various benefits such as short hospital stays, reduces muscle damage and provides flexibility.
Increasing number of cases of spinal disorders is major factor expected to propel the growth of the non fusion spinal devices market over the forecast period. Increasing preference to minimal invasive surgical procedures is other factor expected to boost the growth of the market over the forecast period. Rapidly growing ageing population, launch of novel products by the manufacturers operating in the market and development of technological advantages devices are major factor expected to boost the growth of the global non fusion spinal devices market over the forecast period.
However, lack of unstable reimbursement policies is major factor expected to limit the growth of global non fusion spinal devices market over the forecast period. The global non fusion spinal devices market report has been segmented on the basis of type and region.
Global non fusion spinal devices market segmentation, by type:
- Dynamic Stabilization Devices Lumbar Plates
- Interspinous Process Spacers
- Pedicle-based Dynamic Rod Devices
- Artificial Discs
- Artificial Cervical Discs
- Artificial Lumbar Discs
- Annulus Repair Devices
- Nuclear Disc Prosthesis
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Based on type, the global non fusion spinal devices market is segmented based on dynamic stabilization devices lumbar plates, artificial discs, and annulus repair devices, and nuclear disc prosthesis. The dynamic stabilization devices lumbar plates segment is expected to hold major share of the market.
Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period owing to the increasing number of product approvals, presence of developed healthcare infrastructure, increasing number of cases of spinal disorders, and increasing prevalence of obesity in the region. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like China and India is expected to support the growth of Asia Pacific market, owing to increasing number cases of spinal deformities rapidly growing ageing population, and growing customer awareness about new technologies in the region.
Some prominent players in the global non fusion spinal devices market are Medtronic Inc., Stryker Corporation, Zimmer Holdings Inc., DePuy Synthes, Raymedica, RTI Surgical, Inc., B. Braun Melsungen AG, Globus Medica, Inc., AxioMed LLC, and Disc Motion Technologies, Inc.
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