Global Posterior Dynamic Stabilization Market: Overview

Degenerative disc diseases are a growing cause of lower back pain. The rapid rise in the number of cases associated with degenerative disc diseases is attributable to a rise in the geriatric population across the globe. The root cause of degenerative diseases is loss of soluble proteins within the fluid contained in the disc, resulting in increased oncotic pressure and pain. Traditional treatments for degerative disc disease include surgeries such as spinal fusion, laminectomy, and foraminotomy. Dynamic stabilization is a minimally invasive surgery that is likely to replace traditional surgical methods. It is the future of spinal surgeries. New stabilization devices and surgical techniques are being introduced in the posterior dynamic stabilization market.

Global Posterior Dynamic Stabilization Market: Key Trends

Major factors driving the posterior dynamic stabilization market are development of advanced designs, introduction of innovative stabilization devices such as pedicle screws and interspinous spacers, and high adoption rate of technologically advanced products. Additionally, a rise in the number of elderly people living with one or more problems related to the functioning of the spine, expansion in the economy, and favorable reimbursement policies for minimally invasive procedures are expected to propel the market during the forecast period. The population aged 65 years and above is anticipated increase rapidly in the next few years. According to the Journal of Aging Research, the geriatric population in the U.S. alone is expected to reach 87 million by 2050. However, high development costs, risk of implant failure, and increased chances of infection are some factors that could hinder the growth of the market in the next few years.

Global Posterior Dynamic Stabilization Market: Segmentation

The posterior dynamic stabilization market can be segmented based on product, indication, end-user, and region. In terms of product, the posterior dynamic stabilization market can be classified into posterior interspinous spacers, pedicle screws, and total facet replacement devices. The posterior interspinous spacers segment can be further divided into static interspinous spacers and dynamic interspinous spacers. Static spacers are non-compressible in nature, while the dynamic ones are compressible. Pedicle screws are small medical instruments that comprise metal screws and rods. They are used to provide extra support and strength to the vertebral fusion while it heals. Procedures using pedicle screws are performed under the guidance of the fluoroscopic imaging technique, which allows the precise implantation of stabilizing screws and rods. The pedicle screws segment can be further categorized into conical pedicle screws, cylindrical pedicle screws, and dual cored pedicle screws. The total facet replacement segment can be further classified in to total posterior arthroplasty systems and total facet arthroplasty systems. In terms of indication, the global posterior stabilization devices market can be classified in to degenerative disc diseases, spondylolisthesis, lumbar spinal stenosis, and others. The degenerative disc disease segment is likely to hold a major market share during the forecast period. Based on end-user, the global posterior dynamic stabilization market can be classified in to hospitals, orthopedic clinics, ambulatory surgery centers, and others. The hospitals segment is likely to dominate the market during the forecast period.

Global Posterior Dynamic Stabilization Market: Regional Analysis

Based on geography, the global posterior dynamic stabilization market can be categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a leading region of the market, owing to the presence of a large base of geriatric population and rise in the prevalence of degenerative disc diseases. Moreover, a rise in the number of patients with arthritis in the U.S., high health care spending, rise in the number of minimally invasive procedures performed in the region, and high adoption of advanced technologies by the population in the region are expected to drive the market North America. The market in Europe and Asia Pacific is expected to be propelled by a rise in the cases lumbar spinal stenosis and increase in the geriatric population. In addition, a rise in the adoption of technologically advanced products by surgeons and economic empowerment of emerging countries of Asia Pacific leading to an increase in the affordability of high-cost orthopedic procedures are expected to drive the market. Additionally, a rise in the number of sports-related injuries is anticipated to significantly contribute to market growth in emerging regions.

Global Posterior Dynamic Stabilization Market: Competitive Landscape

Key players operating in the global posterior dynamic stabilization market include Medtronic, NuVasive, Inc., Paradigm Spine (RTI Surgical), Zimmer Biomet, Vertiflex, Inc., Globus Medical, Inc., Aesculap Implant Systems, LLC, CTL Medical Corporation, DePuy Synthes Spine, Inc., LDR Holding Corporation, Orthopeadic Implant Company, X-spine Systems, Inc., Z-medical GmbH & Co. KG, Alphatec Spine, Inc., and Auxein Medical.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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