Spine Devices Market: Hospitals to Witness Maximum Revenue Share

The global spine devices market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each spine devices market player in a comprehensive way. Further, the spine devices market report emphasizes the adoption pattern of the spine devices market across various industries.

The spine devices market report highlights the following players:

  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc
  • Medtronic Plc
  • K2M Group Holding, Inc
  • Arthrocare
  • Amedica Corporation
  • Braun Melsungen AG
  • DePuy Synthes
  • Exactech, Inc
  • NuVasive, Inc

As the spine devices industry moves towards customization and personalization to suit the exact needs of individual patients, device companies are pushing to include 3D printing technologies for the development of implants. This technology is being viewed widely as a major area of opportunity for spine implant innovation.

In addition, hospitals with spine ailment specializations are also increasingly focusing adopting robotic tools and systems for the performance to efficiently perform a range of minimally invasive medical procedures, increasing scope for competitiveness and device development, while specialists get better options to choose from.

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Important regions covered in the spine devices market report include:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico)
  • Europe (Germany, U.K.)
  • APEJ (China, India)

The spine devices market report takes into consideration the following segments by product type:

  • Spinal Rods
  • Spinal Screws
  • Spinal Hooks
  • Spinal Plates
  • Spinal Cages
  • Spinal Spacers
  • Motion Preservation Devices
  • Total Disc Replacement

The spine devices market report contain the following end users:

  • Hospitals
  • Orthopaedic Clinics
  • ASCs

The spine devices market report offers a plethora of insights which include:

  • Changing consumption pattern among individuals globally.
  • Historical and future progress of the global spine devices market.
  • Region-wise and country-wise segmentation of the spine devices market to understand the revenue, and growth lookout in these areas.
  • Accurate Year-on-Year growth of the global spine devices market.
  • Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global spine devices market.

A number of spine device manufacturers are focusing their efforts towards the transition of patients and healthcare specialists from conventional inpatient health care settings to alternatives such as ambulatory surgery centers and outpatient surgery centers, as these treatments provide improved opportunity for growth.

In addition, manufacturers are also moving away from conventional product portfolios, with the introduction of new durable and sterile materials in addition to increased autonomy in device functions. As the requirements of global markets continue to change, spine device developers are expected to make changes to maintain efficient supply chains, focusing on increasing investments and resources in critical capabilities to manage the incorporation of new technologies while meeting the needs of patients for the long term.

In addition, service providers are working towards the inclusion of value based plans, which allow the patient to pay on the successful performance of the devices, instead of a prepaid fixed cost for the treatments and devices, which is expected to increase adoption rates on the whole.

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