The Asia Pacific Spinal Fusion Devices Market would witness Market growth of 6.3% CAGR during the forecast period (2022-2028).
Even though many patients with mild-to-moderate back pain prefer nonsurgical treatment, conservative, debilitating pain, those with acute frequently choose surgical surgery to eliminate or minimize pain & restore quality of life. Surgical decompression of the afflicted spinal segment, depending on the pathophysiology of the patient, is often enough to relieve intractable suffering caused by nerve root compression. Decompression and fusion, on the other hand, maybe recommended relieving pain caused by spinal instability or severe disc degeneration. Spinal decompression is a surgery that is used to make enough room for nerves in the spinal canal to relieve discomfort caused by neural impingement. It can also be used to prepare for a fusion procedure.
The rise in the global geriatric population, increasing prevalence of spinal disorders, regular advancements in spine fusion devices & surgical techniques, and growing preference for minimally invasive spine surgeries are all contributing to the global spinal fusion devices Market 's growth. Other factors expected to drive global Market revenue growth over the forecast period include rising incidences of spinal degeneration or deformities, increasing cases of road accidents & fatal falls, rising patient pool, and increasing volumes of surgical procedures in hospitals and ambulatory surgical centers.
Due to a growth in the frequency of spinal illnesses and increased healthcare spending, Asia-Pacific has a large Market for spinal fusion devices. Moreover, the rapidly aging population, as well as the lower cost of spinal surgeries in developing nations like India in comparison with other developed countries, has raised the demand for spinal implants. In India, significant institutions do spinal surgery, including at numerous multi-faculty spinal surgery facilities & super specialty hospitals performing intricate and advanced surgeries like microscopic spine surgery. As a result of the above-mentioned issues, demand for spinal fusion devices is expected to increase.
Due to robust reimbursement policies for spine operations and the rising prevalence of degenerative illnesses and spine fractures in the Asia Pacific, the demand for spinal arthrodesis devices is expected to surge throughout the forecast period. The Australian government announced modifications to the Medicare Benefits Schedule (MBS) items for spine treatments in September 2019, ensuring that patients undergoing spinal surgery receive proper reimbursement. This is anticipated to boost the Market in the Asia Pacific even further.
The China Market dominated the Asia Pacific Spinal Fusion Devices Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $877.1 million by 2028. The Japan Market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The India Market would showcase a CAGR of 6.9% during (2022 - 2028).
Based on Surgery, the Market is segmented into Minimally Invasive Spine Surgery and Open Spine Surgery. Based on Type, the Market is segmented into Thoracolumbar Devices, Cervical Fixation Devices, and Interbody Fusion Devices. Based on End User, the Market is segmented into Hospitals, Specialty Clinics, and Others. Based on countries, the Market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Spinal Fusion Devices Market is Projected to reach USD 9.7 Billion by 2028, at a CAGR of 4.6%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Zimmer Biomet Holdings, Inc., Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, Medtronic PLC, Alphatec Holdings Inc., Globus Medical, Inc., NuVasive, Inc., Orthofix Medical, Inc., and Exactech, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Surgery
- Minimally Invasive Spine Surgery
- Open Spine Surgery
By Type
- Thoracolumbar Devices
- Cervical Fixation Devices
- Interbody Fusion Devices
By End User
- Hospitals
- Specialty Clinics
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Zimmer Biomet Holdings, Inc.
- Johnson & Johnson
- Stryker Corporation
- B. Braun Melsungen AG
- Medtronic PLC
- Alphatec Holdings Inc.
- Globus Medical, Inc.
- NuVasive, Inc.
- Orthofix Medical, Inc.
- Exactech, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Spinal Fusion Devices Market, by Surgery
1.4.2 Asia Pacific Spinal Fusion Devices Market, by Type
1.4.3 Asia Pacific Spinal Fusion Devices Market, by End User
1.4.4 Asia Pacific Spinal Fusion Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Spinal Fusion Devices Market
Chapter 4. Asia Pacific Spinal Fusion Devices Market by Surgery
4.1 Asia Pacific Minimally Invasive Spine Surgery Market by Country
4.2 Asia Pacific Open Spine Surgery Market by Country
Chapter 5. Asia Pacific Spinal Fusion Devices Market by Type
5.1 Asia Pacific Thoracolumbar Devices Market by Country
5.2 Asia Pacific Cervical Fixation Devices Market by Country
5.3 Asia Pacific Interbody Fusion Devices Market by Country
Chapter 6. Asia Pacific Spinal Fusion Devices Market by End User
6.1 Asia Pacific Hospitals Market by Country
6.2 Asia Pacific Specialty Clinics Market by Country
6.3 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Spinal Fusion Devices Market by Country
7.1 China Spinal Fusion Devices Market
7.1.1 China Spinal Fusion Devices Market by Surgery
7.1.2 China Spinal Fusion Devices Market by Type
7.1.3 China Spinal Fusion Devices Market by End User
7.2 Japan Spinal Fusion Devices Market
7.2.1 Japan Spinal Fusion Devices Market by Surgery
7.2.2 Japan Spinal Fusion Devices Market by Type
7.2.3 Japan Spinal Fusion Devices Market by End User
7.3 India Spinal Fusion Devices Market
7.3.1 India Spinal Fusion Devices Market by Surgery
7.3.2 India Spinal Fusion Devices Market by Type
7.3.3 India Spinal Fusion Devices Market by End User
7.4 South Korea Spinal Fusion Devices Market
7.4.1 South Korea Spinal Fusion Devices Market by Surgery
7.4.2 South Korea Spinal Fusion Devices Market by Type
7.4.3 South Korea Spinal Fusion Devices Market by End User
7.5 Singapore Spinal Fusion Devices Market
7.5.1 Singapore Spinal Fusion Devices Market by Surgery
7.5.2 Singapore Spinal Fusion Devices Market by Type
7.5.3 Singapore Spinal Fusion Devices Market by End User
7.6 Malaysia Spinal Fusion Devices Market
7.6.1 Malaysia Spinal Fusion Devices Market by Surgery
7.6.2 Malaysia Spinal Fusion Devices Market by Type
7.6.3 Malaysia Spinal Fusion Devices Market by End User
7.7 Rest of Asia Pacific Spinal Fusion Devices Market
7.7.1 Rest of Asia Pacific Spinal Fusion Devices Market by Surgery
7.7.2 Rest of Asia Pacific Spinal Fusion Devices Market by Type
7.7.3 Rest of Asia Pacific Spinal Fusion Devices Market by End User
Chapter 8. Company Profiles
8.1 Zimmer Biomet Holdings, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental & Regional Analysis
8.1.4 Research & Development Expense
8.2 Johnson & Johnson
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental &Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.3 Stryker Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 B. Braun Melsungen AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.5 Medtronic PLC
8.5.1 Company overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.6 Alphatec Holdings Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Globus Medical, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.8 NuVasive, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.9 Orthofix Medical, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.10. Exactech, Inc.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Acquisition and Mergers:
TABLE 1 Asia Pacific Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Minimally Invasive Spine Surgery Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Minimally Invasive Spine Surgery Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Open Spine Surgery Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Open Spine Surgery Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Thoracolumbar Devices Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Thoracolumbar Devices Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Cervical Fixation Devices Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Cervical Fixation Devices Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Interbody Fusion Devices Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Interbody Fusion Devices Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Hospitals Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Hospitals Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Specialty Clinics Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Specialty Clinics Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Spinal Fusion Devices Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Spinal Fusion Devices Market by Country, 2022 - 2028, USD Million
TABLE 27 China Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 28 China Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 29 China Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 30 China Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 31 China Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 32 China Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 33 China Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 34 China Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 35 Japan Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 36 Japan Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 37 Japan Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 38 Japan Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 39 Japan Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 40 Japan Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 41 Japan Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 42 Japan Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 43 India Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 44 India Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 45 India Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 46 India Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 47 India Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 48 India Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 49 India Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 50 India Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 51 South Korea Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 52 South Korea Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 53 South Korea Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 54 South Korea Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 55 South Korea Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 56 South Korea Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 57 South Korea Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 58 South Korea Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 59 Singapore Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 60 Singapore Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 61 Singapore Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 62 Singapore Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 63 Singapore Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 64 Singapore Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 65 Singapore Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 66 Singapore Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 67 Malaysia Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 68 Malaysia Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 69 Malaysia Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 70 Malaysia Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 71 Malaysia Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 72 Malaysia Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 73 Malaysia Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 74 Malaysia Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Spinal Fusion Devices Market, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Spinal Fusion Devices Market, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Spinal Fusion Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Spinal Fusion Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Spinal Fusion Devices Market by Type, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Spinal Fusion Devices Market by Type, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Spinal Fusion Devices Market by End User, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Spinal Fusion Devices Market by End User, 2022 - 2028, USD Million
TABLE 83 key Information – Zimmer Biomet Holdings, Inc.
TABLE 84 Key information – Johnson & Johnson
TABLE 85 key Information – Stryker Corporation
TABLE 86 key Information – B. Braun Melsungen AG
TABLE 87 Key Information – Medtronic PLC
TABLE 88 Key Information – Alphatec Holdings Inc.
TABLE 89 key Information – Globus Medical, Inc.
TABLE 90 Key Information – NuVasive, Inc.
TABLE 91 Key Information – Orthofix Medical, Inc.
TABLE 92 key Information – Exactech, Inc.
List of Figures
FIG 1 Methodology for the research