Over the recent years, global spinal fusion market has been witnessing growth, on account of several driving factors including rising healthcare awareness amongst consumers, surging prevalence of spinal deformities due to accidents along with increasing health expenditure in developing countries. Moreover, ongoing demographic shift towards geriatric population with significant population suffering from inveterate spinal ailments, is expected to propel the demand for spinal fusion surgeries.According to Research and Markets.com, the Global spine market is projected to display a modest growth represented by a CAGR of 4.54% during 2018 – 2023.
Amongst the regions, North America accounts for the largest regional share in the global spinal fusion market in 2018, due to a robust healthcare infrastructure combined with focus on development of new devices along with improved diagnosis among the patients within the region. However, a decrease in the market share of the North American region is being anticipated in the forecast period as compared to the historic period. On the other hand, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on healthcare is likely to drive the regional market.
Competition
The Spine market is dominated by the following 10 global companies:
- Medtronic
- Stryker Corporation
- Zimmer Biomet
- Orthofix Interntional
- NuVasive Inc.
- Globus Medical
- K2M Group Holdings Inc.
- Alphatec Spine
- DePuy Synthes
- Aesculap Implant Systems
But in addition to these companies, there are more than 300 manufacturers worldwide. Many weeks ago, we started to display the updated list of all the spinal companies worldwide from the A to the Z: https://thespinemarketgroup.com/category/spine-companies/
Until now, we have included 155 companies (from A to K) and we expected to complete the whole picture during the next weeks.Please, for any comment or suggestion contact us: [email protected] or [email protected]