Spinal Non-Fusion Technologies Market

Spinal Non-Fusion Technologies Market - An Overview

The global spinal non-fusion technologies market is anticipated to witness strong growth during the forecast period between 2021 and 2031.

Spinal non-fusion is a medical technology that is used to repair one or more damaged bones in the spine. Spinal non-fusion technologies have become a preferred option over other technologies owing to benefits such as the minimally invasive nature of these procedures.

Some of the prominent spinal disorders include degenerative disc disorders, spinal stenosis, and degenerative spondylolisthesis.

The COVID-19 pandemic adversely affected the spinal non-fusion technologies market. With rising cases globally, key resources such as doctors and nurses were allotted to cure patients suffering from the virus, leading to reduction in manpower for spinal procedures.

This led to a decrease in demand for spinal non-fusion technologies and negatively impacted the overall market.

Spinal Non-Fusion Technologies Market - Trends and Opportunities

Rising investments in the healthcare sector by governments in leading economies worldwide is the key growth driver for the spinal non-fusion technologies market.

Increasing number of degeneration disorders of the spine among the aging population is expected to drive the demand for spinal non-fusion technologies, in the years ahead.

Rising geriatric population worldwide could also fuel the growth in the spinal non-fusion technologies market, in the coming years.

Government initiatives and measures, promoting the advantages of spinal non-fusion technologies could bolster procedure demand, in the next few years.

Growing preference for minimally invasive surgeries among patients worldwide is anticipated to propel the spinal non-fusion technologies demand, in the upcoming years.

Innovations to existing spinal non-fusion technologies could also propel the demand for spinal non-fusion technologies, in future.

Disc nucleus product demand is anticipated to contribute the most to the overall spinal non-fusion technologies market in the years ahead owing to attributes such as complete recovery from disorders.

Spinal Non-Fusion Technologies Market - Competitive Landscape

The global spinal non-fusion technologies market is extremely competitive, with the presence of several prominent players, many of whom are expected to account for a large share in the overall market, in the coming years.

Leading players in the spinal non-fusion technologies market could invest heavily in research and development undertakings, in a bid to produce improved quality of products, which would meet the customer requirements and increase the consumer base.

They could also establish R&D facilities in different parts of the world, which would exclusively function to develop improved technologies.

Collaborations with the lesser-known players in the global market could help well-established players expand their market presence and increase their revenue share.

Some of the leading players in the global spinal non-fusion technologies market include Pioneer Surgical technologies, DuPay Spine, Synthes Spine, and Medtronic Spinal and Biologics.

Spinal Non-Fusion Technologies Market - Regional Assessment

The global spinal non-fusion technologies market is divided into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

North America is expected to be the dominant region in the overall market in future due to the presence of advanced devices and technologies, enabling total disc replacement in countries such as US, Mexico, and Canada.

Also, the presence of leading players in these countries is expected to help the growth of the market, in North America.

Europe is anticipated to witness substantial growth in the spinal non-fusion technologies market due to increased investments in spinal non-fusion technologies in countries such as UK and Germany and improved reimbursement policies in these countries.

Asia Pacific is expected to witness moderate growth in the overall market in future owing to developing healthcare infrastructure facilities in countries such as India and Thailand and lack of awareness about the benefits of these technologies, in these countries.

Other regions of the world such as Latin America and Middle East and Africa are expected to witness slow growth in the spinal non-fusion technologies market, in future.