Europe Spinal Fusion Devices Market Size, Share & Industry Trends Analysis Report By Surgery, By Type, By End User (Hospitals, Specialty Clinics, and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Spinal Fusion Devices Market would witness Market growth of 3.9% CAGR during the forecast period (2022-2028).
Disorders, like fracture, trauma, deformity, tumour, and degenerative illnesses can cause the spinal structure to lose their stability. Aside from these causes, spinal cord injuries can occur as a consequence of a blocked blood supply, traumas, infections, and compression caused by a tumour or a shattered bone. When the spinal structure loses strength due to the above-mentioned conditions, spinal fusion devices provide stability. The spinal fusion devices Market has benefited from an increase in the prevalence of spinal cord injuries in recent years. The Market is expected to grow in the next years, The introduction of sophisticated plating methods that provide enhanced structural integrity & stability. In addition, the introduction of novel screw systems & locking mechanisms built of current materials like titanium alloy would fuel the Market expansion.
Spinal fusion is an orthopaedic operation that includes the fusion of two or more vertebrae to limit the movement of the afflicted vertebrae and alleviate the patient's pain. In recent years, the number of spinal fusion procedures has steadily inclined. Degenerative disc degeneration, aberrant spinal curvatures, spondylolisthesis, and other conditions are treated with spinal fusion.
Due to the favourable health reimbursement, increasing demand for 3D printed medical equipment in Germany and the United Kingdom, and a progressive move forward into minimally invasive surgeries, there are various growth prospects for the regional Market players. Additionally, rising government funding in biologics and spinal fusion implants is expected to propel the Market forward in Europe. Developments in the spinal surgery equipment technology In France, over lacs of people suffer from spinal cord injuries each year. Thousands of them is still disabled for the rest of their lives, including tetraplegia or paraplegia in the case of a spinal injury. These rates are projected to rise further as the country's lifestyle & food consumption habits evolve. According to the Organization for Economic Co-operation and Development (OECD) report, The Heavy Burden of Obesity one out of every four people in Germany were obese in 2019.
The Germany Market dominated the Europe Spinal Fusion Devices Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $607.8 million by 2028. The UK Market is poised to grow at a CAGR of 3% during (2022 - 2028). Additionally, The France Market would experience a CAGR of 4.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Spinal Fusion Devices Market Size will Hit $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:
- Minimally Invasive Spine Surgery
- Open Spine Surgery
- Thoracolumbar Devices
- Cervical Fixation Devices
- Interbody Fusion Devices
By End User
- Specialty Clinics
- Rest of Europe
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.
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