Spine Devices Market Highlighting Lucrative Avenues Across Major Geographies during 2017-2022

Posted on 2019-01-23 by Mark Hub in Healthcare // 0 Comments

Rockville, USA, 2019-Jan-23 — /EPR Network/ — Spine devices are being used to decompress, stabilize the spine and treat various spine disorders. Key players in the spine devices market are focusing on producing innovative devices geared towards minimally invasive approach resulting in quick recovery and low pain. Nanotechnology is expected to be a game-changer in the treatment of spinal diseases. Spinal fusion and fixation devices are also in focus for simplification of complex spinal surgery procedures.

According to a new Fact.MR report, the spine devices market is projected to reach US$ 8,348.2 million revenue by the end of 2022. The spine devices market is expected to witness robust growth during the forecast period 2017 to 2022.

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The report also profiles companies that are expected to remain active in the expansion of global spine devices market through 2022, which include Exactech, Inc., NuVasive, Inc., DePuy Synthes, Amedica Corporation, Braun Melsungen AG, Arthrocare, Medtronic Plc., K2M Group Holding, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

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The report commences with a brief information of the global spine devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global spine devices market.

Hospitals to Witness Maximum Revenue Share

Hospitals are expected to form as strong customer base in the spine devices market as compared to orthopedic clinics. Towards the end of 2017, hospitals are anticipated to account for over two-third revenue share of spine devices market. Hospitals as end users are projected to reach close to US$ 5,700 million by the end of 2022. Increasing number of spinal surgeries performed at hospitals is one of the factors driving expansion of spine devices market.

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North America is projected to remain dominant in the global spine devices market throughout the forecast period from 2017 to 2022. The market is anticipated to witness the robust growth, reaching close to US$ 2,900 million revenues by the end of 2022. Owing to the availability of healthcare infrastructure and increase in investment by the government to improve healthcare across the region, North America is expected to emerge as the biggest market for spine devices.

Asia Pacific Excluding Japan (APEJ) spine devices market is expected to experience impressive growth through 2022. The rise in a number of accidents resulting in spine injury, improving lifestyle and an aging population are some of the factors boosting the growth of APEJ spine devices market.

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Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include, Primary research Secondary research Trade research Focused interviews Social media analysis

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