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Spinal Trauma Devices Market

Spinal Trauma Devices Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023

Global Spinal Trauma Devices Market Insights 

The rising awareness about the recent medical advances among patients will strengthen the position of spinal trauma devices manufacturers in the global market. As per Transparency Market Research (TMR), the paradigm shift from metallic fixators to bioresorbable implants will fuel demand from the global spinal trauma devices market. The market is also likely to gain impetus from the rising demand for minimally invasive surgeries.

Despite witnessing favorable growth opportunities, the lack of proper insurance facilities may limit the market’s expansion across developing economies. Nevertheless, the presence of high unmet medical demands in these countries will provide lucrative opportunities for the spinal trauma devices manufacturers.

TMR says that the global spinal trauma devices market stood at US$2.8 bn in 2014. Rising at a CAGR of 5.6%, the market is expected to reach US$4.7 bn by the end of 2023.

Better Efficiency offered by Internal Fixation Devices Fuels their Demand Considerably

Based on type, the global spinal trauma devices market is bifurcated into external fixation devices and internal fixation devices. Of these, the internal fixation devices segment is expected to dominate the market, and is expected to have the highest CAGR of 6.1% between 2015 and 2023. During the same forecast period the external fixation devices market is expected to expand at a CAGR of 4.7%.

Internal fixation devices have emerged as inexpensive and efficient methods of treating spinal injuries. In the last couple of years, the demand for internal fixation devices has surpassed that of external fixation devices because the former offers better flexibility, durability, and requires comparatively lesser post-operative follow-ups than the latter. The internal fixation devices segment can be further classified into bone grafts, rods and pins, and plate and screws. Of these, plate and screws held the largest share in the internal fixation segment in 2014. In the same year the plate and screws segment was valued at US$1.05 bn.

The external fixation devices segment includes spinal stimulators, braces, exoskeletons, Ilizarov devices, halo vests, and collars. Certain risks associated with external fixation devices such as redness, swelling, pain in the operated, and tightening of the skin, will limit the growth of the segment to an extent.

U.S. and Canada Hold High-value Opportunities for Spinal Trauma Devices

North America leads the global spinal trauma devices market. It held a share of 47% in the overall market in 2014. The U.S. and Canada have been exhibiting the most lucrative prospects for the spinal trauma devices market in North America. The rising reports of road accidents leading to spinal injuries and the introduction of the latest technologies in the medical industry are crucial factors fuelling demand for spinal trauma devices in North America.

The regional market is also significantly gaining from the increasing geriatric population and the surging adoption of premium-priced bioresorbable devices. The North America spinal trauma devices market is projected to expand at a CAGR of 5.1% between 2015 and 2023.

Asia Pacific, according to TMR, will exhibit the highest CAGR of 7.1% during the forecast period. The emerging nations in Asia Pacific exhibit immense potential due to the increasing prevalence of spinal disorders, rising geriatric population, favorable government policies, and the increasing healthcare expenditure.

Some of the leading companies operating in the global spinal trauma devices market are Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc, NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, Orthofix International NV, and others.

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1. Preface
     1.1. Report Description
     1.2. Market Segmentation
     1.3. Research Methodology

2. Executive Summary
     2.1. Global Spinal Trauma Devices Market, Estimates and Forecast, By Revenue, 2013–2023 (US$ Mn)
     2.2. Global Spinal Trauma Devices Market, by Internal Fixation Devices, 2014 (US$ Mn)
     2.3. Global Market Share by Geography, 2014 and 2023 (Value %)
     2.4. Spinal Trauma Devices Market Snapshot

3. Global Spinal Trauma Devices Market – Industry Analysis
     3.1. Introduction
     3.2. Clinically Recognized Patient Population for High Energy Spinal Fractures, By Region
     3.3. Drivers
            3.3.1. Constant rise in incidence of traumatic spinal injuries
            3.3.2. Emergence of new technological advancements and minimally invasive techniques in the field of trauma fixation
            3.3.3. Increased global health care expenditure
     3.4. Restraints
            3.4.1. Absence of health insurance schemes in developing countries
     3.1.  Opportunities
            3.1.1. Shift from metallic to nonmetallic (bioresorbable) material for internal spinal fixators
            3.1.2. Emerging economies to offer sustained growth opportunities
     3.1.  Porter’s Five Forces Analysis
     3.2. Market Share – Spinal Trauma Devices Market (2014) (%) 
     3.3. Market Attractiveness Analysis – Spinal Trauma Devices Market

4. Market Segmentation – By Type
     4.1. Introduction
     4.2. Global Internal Fixation Devices Market, 2013–2023 (US$ Mn)
            4.2.1. Global Plate and Screw Market, 2013–2023 (US$ Mn)
            4.2.2. Global Rods and Pins Market, 2013–2023 (US$ Mn)
            4.2.3. Global Bone Grafts Market, 2013–2023 (US$ Mn)
     4.3. Global External Fixation Devices Market, 2013–2023 (US$ Mn)

5. Spinal Trauma Devices Market - Regional Analysis
     5.1. Global Spinal Trauma Devices Market: Regional Overview
     5.2. North America Spinal Trauma Devices Market Overview
     5.3. Europe Spinal Trauma Devices Market Overview
     5.4. Asia Pacific Spinal Trauma Devices Market Overview
     5.5. Latin America Spinal Trauma Devices Market Overview
     5.6. RoW Spinal Trauma Devices Market Overview

6. Recommendations

7. Company Profiles.
     7.1. Arthrex, Inc.
     7.2. B. Braun Melsungen AG
     7.3. CONMED Corporation 
     7.4. DePuy Synthes
     7.5. Globus Medical, Inc.
     7.6. Medtronic
     7.7. NuVasive, Inc.
     7.8. ReWalk Robotics
     7.9. Smith & Nephew plc
     7.10. Stryker Corporation
     7.11. Spinal Technology, Inc.
     7.12. Orthofix International NV
     7.13. Zimmer Biomet

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