Global Spinal Surgery Devices: Market Analysis and Opportunity Assessment
The Global Spinal Surgery Devices Market is Expected to Grow at a Double-Digit Rate The global market for spinal surgery devices was valued at $5.7 billion in 2009, having grown at a Compound Annual Growth Rate (CAGR) of 13% from 2002 - 2009. The growth will primarily be driven by an aging population, the increasing incidence of spinal diseases, and advances in technology. The market is also expected to be driven by product innovations, a strong pipeline, the acceptance of products and a growing number of younger patients opting for spinal surgery. The Pedicle Screws Segment is Driving the Spinal Fusion Devices Market Globally spinal fusion devices remain the biggest market segment within the spinal surgery devices market. The spinal fusion market, comprising the pedicle screws and interbody cages market segments, was valued at $5.2 billion in 2002 and grew at a CAGR of 12% for the next eight years to reach $5.2 billion in 2009 and is forecast to reach $10 billion in 2016, growing at a CAGR of 10% during 2009 - 2016. The pedicle screws market is forecast to grow at a CAGR of 106% for the next seven years. Advances in implant materials technology and an aging population are expected to drive the pedicle screws market. For further details, please click or add the below link to your browser: http://www.global-market-research-data.com/Report.aspx?ID=Global-Spinal-Surgery-Devices-Market-Analysis-and-Opportunity-Assessment The Dynamic Stabilization Segment Remains the Key Growth Segment within the Spinal Non-Fusion Devices Market The global spinal non-fusion devices market, comprising the artificial disc replacement and dynamic stabilization market segments, was valued at $480m in 2009 and is expected to reach $1 billion in 2016 with a CAGR of 11%. The dynamic stabilization segment, which was valued at $298.3m in 2009, accounted for 61.2% of the spinal non-fusion devices market in 2009. The artificial disc replacement segment in turn contributed $183m in 2009.
Medtronic, DePuy and Synthes Remain the Major Players in the Spinal Surgery Devices Market In 2008, the global spinal surgery market was led by Medtronic Inc with a market share of 32.8%. Depuy Inc lags behind Medtronic with a 22.6% market share. Synthes and Stryker are next with 13.1% and 9.8% shares respectively. The competitive landscape is expected to change with the entry of new products. Currently there are more than 200 products in different stage of development. For further details, please click or add the below link to your browser: http://www.global-market-research-data.com/Report.aspx?ID=Global-Spinal-Surgery-Devices-Market-Analysis-and-Opportunity-Assessment GlobalData’s “Global Spinal Surgery Devices: Market Analysis and Opportunity Assessment” report is an essential source of data and analysis on the global spinal surgery devices market with complete coverage by categories. The report provides market landscape, competitive landscape and market trends information on two market categories – spinal fusion and spinal non-fusion. The report identifies the key trends shaping and driving the dynamism in the global spinal surgery devices market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also analyses the M&A landscape with special focus on the market participants that have been the most M&A active. For more information visit our report store: http://www.globaldata.com/reportstore Contact Information: Rajesh Gunnam email@example.com +914066166782