Spinal Devices Market Huge Growth Opportunities | Market Analysis & Global Forecast 2020-2027 | Reports and Data
: New York, United States, 21th-July-2020, (Via WiredRelease), (Reports and Data) – The Global Spinal Devices Market is expected to reach USD 15.83 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors.
According to the World health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individual suffering from the condition are more likely to die prematurely as compared to healthy individuals, with low and middle-income economies having the worst survival rates.
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This is the only report that is inclusive of the current effect of the coronavirus on the market and its forecasted trend. The coronavirus has impacted all sectors of the world economy, and its impacts on the Spinal Devices market are elucidated in-depth in this report.
Top Players of the Market: Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and Paragon Medical, etc
For the purpose of this report, Reports and Data have segmented the global spinal devices market on the basis of device type, disease type, surgery type, end-users, and region:
Device Type Outlook (Revenue, USD Million; 2020-2027)
Spinal Electrical Simulation Devices
Disease Type Outlook (Revenue, USD Million; 2020-2027)
Degenerative Disc Disease
Traumas & Fractures
Surgery Type Outlook (Revenue, USD Million; 2020-2027)
Minimally Invasive Surgery
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End-Users Outlook (Revenue, USD Million; 2020-2027)
Ambulatory Surgical Centers
Regional Outlook (Revenue, USD Million; 2020-2027)
Further key findings from the report suggest:
By device type, fusion devices contribution to the largest market share in 2019. Spinal fusion procedure is usually done for the treatment of spinal disorders, such as degenerative, deformity, traumatic, and tumor, among others.
By surgery type, open surgery dominated the market share in 2019 and is likely to grow at a rate of 2.2% in the forecast period.
Open surgery gives the visual information essential to diagnose a condition accurately. Also, some kinds of surgeries need access to larger areas to insert materials like in the case of an aortic aneurysm repair when a stent cannot be placed.
By end-users, hospitals held the largest market share in 2018 and is expected to grow at a rate of 3.2% in the forecast period.
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Major Highlights from the Market:
This report provides a brief analysis of the quantitative aspects together with the market trends from 2020 to 2026, in order to identify the prevalent opportunities with the strategic assessment.
The forecast period for the market is from 2020 to 2027.
The market size and estimations are based on an in-depth analysis of the major trends in the industry.
The report also conducts a qualitative assessment based on strategic business planning and well-informed decision making.
The report also enlists the growth strategies adopted by the leading players to comprehend the competitive scenario of the market.
In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.
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