SHPOPL Orthotools PVT is first orthopedic manufacturer in India incepted as early as 1960. Today, it is a strong force of professionals committed to the world movement of health care with the aim of producing quality products at affordable price. Earlier activities of the company were mainly confined to the manufacturing programme on OEM basis, which was later on converted into brand manufacturing as PITKAR. Today SHPOPL have a strong presence in 29 cities within India and about 29 countries globally.
SHPOPL has the largest range of products in Orthopedics, in terms of Orthopedic implants, Orthopedic Instruments & Orthopedic Appliances. The presence of SHPOPL has been felt in many specialty products in the field of orthopedics. The development and promotion of Ring Fixator System and Rail External Fixator devices has given a strong foothold to the company in overseas market. The dedicated spinal system and variety of Intramedullary locking nails has helped SHPOPL to gain confidence of Orthopods globally. http://www.pitkar.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