LAMEA Spinal Fusion Devices Market

LAMEA 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

Report Id: KBV-8945 Publication Date: May-2022 Number of Pages: 88
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Market Report Description

The Latin America, Middle East and Africa Spinal Fusion Devices Market would witness Market growth of 8.2% CAGR during the forecast period (2022-2028).

The surgical technique of spinal fusion encompasses permanent merging of two or more bones in the vertebrae that make up the spinal column. Degenerative disc disease, herniated discs, spinal stenosis, and spine tumours are among the conditions treated by surgery. In addition, technological improvements in virtual reality and augmented, endoscopic surgery, and 3D printed implants for minimally invasive surgery are likely to drive Market expansion.

Major Key manufacturers are incorporating various technologies into their offerings, which is positively boosting demand for spinal arthrodesis devices. For patients with spinal problems, minimally invasive spine fusion devices & robotic-assisted spinal fusion surgery are bringing evolution across the spine treatment sector. Aside from that, increasing research on biologics, particularly Bone Morphogenetic Proteins (BMPs), is predicted to encourage the adoption of spinal fusion implant.

The increasing instances of spinal injuries and also the presence of organizations like SASCA and the South African Spine Society are the primary drivers fuelling the Market 's growth in South Africa. The South African Spine Society is a non-profit association of medical & complementary health practitioners dedicated to promoting continuing medical education for healthcare professionals and disseminating information about spine problems. As a result, the presence of these organizations is expected to raise public awareness. Since the last decade, much technological advancement have been made in the field of spinal surgery. Spinal navigation technology, which allows surgeons to precisely implant spinal equipment and executes the decompression process, is one of the most recent breakthroughs. Smaller incisions, less harm to normal tissues, quicker healing time, and speedier recovery are all possible outcomes of such advancements. Several other factors, such as the growing usage of minimally invasive operations, are likely to propel the Market forward throughout the forecast period. The Market for spinal surgical equipment is being driven by technical improvements and the implementation of novel technologies in South Africa.

The Brazil Market dominated the LAMEA Spinal Fusion Devices Market by Country 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $212.3 million by 2028. The Argentina Market is estimated to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The UAE Market would display a CAGR of 7.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Spinal Fusion Devices Market is Predict to reach $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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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