Established in 2004, MATRIX MEDITEC (P) LTD is leading manufacturer and exporter of CE certified orthopaedic implants (Trauma, Spine & Joints), and ortho-surgical instruments. With a state- of- the- art manufacturing facilities spreading across an area of more than 30000 square feet located in Ahmedabad, MATRIX MEDITEC has carved a reputation as the most reliable and trusted manufacturer of quality orthopaedic implants & instruments.Apart from offering world class implants and instruments in the field of Trauma and spine technology, company has embarked upon setting up a full-fledged plant for Total Knee Replacement (TKR) and Total Hip Replacement (THR) with latest machineries & raw material from Europe, Japan & USA. http://www.matrixmeditec.com
About the Spinal Market
The Spinal implants and spinal devices market, by technology, includes spinal fusion and fixation, vertebral compression fracture treatment, and motion preservation/non-fusion technologies. On the basis of products, the global spinal implants and spinal devices market is divided into six major segments, namely, thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, vertebral compression fracture treatment devices, motion preservation/non-fusion treatment devices, and spine bone stimulators. Bases on the type of surgery, the global spinal implants and spinal devices market is divided into two segments, namely, open surgery and minimally invasive surgery. The spinal decompression devices market, by type of procedure, covers discectomy, laminotomy/laminectomy, foraminotomy/foraminectomy, facetectomy, and corpectomy procedures.
The Spinal market is expected to reach USD 15.73 Billion by 2020, growing at a CAGR of 5.6% from 2015 to 2020. As of 2015, North America is estimated to hold the largest share of the global spinal implants and spinal devices market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 8.2% from 2015 to 2020. A number of factors, including rising healthcare expenditure in developing nations owing to growing income levels, increasing government funding, presence of a large patient population, rising obesity cases, and growing awareness on the newly developed spine treatment techniques and devices are propelling the growth of the spinal implants and spinal devices market in the Asia-Pacific region. However, challenges associated with this market, such as scarcity of expertise and trained healthcare workers and lack of adequate patient awareness restricts the market growth in this region.
Source: marketsandmarkets.com