Germany Spinal Surgery Devices Market Outlook
The Germany spinal surgery devices market size was values at USD XX Billion in 2022 and is likely reach to USD XX Billion by 2031, expanding at a CAGR of 5.16% during the forecast period, 2023–2031. The growth of the market is attributed to the improvement in healthcare infrastructure.
Spinal surgery devices are commonly utilized in the treatment of abnormalities, fractures, and disc degeneration in spinal procedures. The devices available include cervical & thoracolumbar devices, interbody devices, artificial discs, dynamic stabilization devices, annulus repair devices, and spinal compression fracture devices.
The COVID-19 outbreak to several restrictions and lockdowns, which have been enforced by governments around the world, resulting in the shutdown of manufacturing and production operations of enterprises in the Germany spinal surgery devices market.
This break in the flow of business operations and other relevant activities has a direct impact on market revenue drift. As a result, the identified factors are projected to restrain the growth of the Germany spinal surgeries device market during the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Advancements in spine surgery technologies is driving the market growth.
- Increasing incidence of spinal disorders is boosting market expansion.
- Launch of advanced bone grafting products is anticipated to propel the market growth.
- High cost of spinal surgery device is expected to hamper the market growth during the forecast period.
- Growing adoption of minimally invasive spine surgery is estimated to create ample opportunities for the Germany spinal surgery devices market.
Scope of the Spinal Surgery Devices Market Report
The report on the Germany spinal surgery devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Surgery devices Market - Germany spinal Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Device Types (Spinal Decompressions [Corpectomy, Facetectomy, Foraminotomy Discectomy, and Laminotomy], Spinal Fusion [Cervical Fusion, Interbody Fusion, Thoracolumbar Fusion, and Others], Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices)
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Country
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Germany
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Globus Medical Inc.; Johnson & Johnson; Styker Corporation; Zimmer Holdings Inc.; and Medtronic PLC
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Germany Spinal Surgery Devices Market Segment Insights
Corpectomy segment is anticipated to account for a significant market share
Based on device types, the market is divided into spinal decompressions, spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. The spinal decompressions segment is classified as corpectomy, facetectomy, foraminotomy discectomy, and laminotomy.
The spinal fusion segment is categorized as cervical fusion, interbody fusion, thoracolumbar fusion, and others. The corpectomy segment is expected to grow at a rapid pace during the forecast period due to growing geriatric population.
Moreover, cervical corpectomy is a procedure that is performed on people who have a deteriorating cervical spine. Bony projections and herniated discs are the outcome of degenerative changes in the cervical spine.
However, the interbody fusion segment is anticipated to hold a key share of the market in the coming years owing to instances of accidental spinal injuries and related diseases. Moreover, rising disposable income of consumers and increasing spending on interbody fusion segment is expected to boost the segment growth.
The non-fusion devices segment is anticipated to hold a key share of the market in the coming years due to presence of the advanced technologies in the spinal surgery device by key players in market. The laminotomy segment is expected to grow at a rapid pace during the forecast period attributed to increasing number of spinal injuries.
Furthermore, spinal deformities are discovered in a large population and the number of patients continues to rise, which is to expand the market share of the laminotomy segment.
Segments
Device Types
- Spinal Decompressions
- Corpectomy
- Facetectomy
- Foraminotomy Discectomy
- Laminotomy
- Spinal Fusion
- Cervical Fusion
- Interbody Fusion
- ThoracoLumbar Fusion
- Others
- Fracture Repair Devices
- Arthroplasty Devices
- Non-fusion Devices
Country
Key Players
Competitive Landscape
The Germany spinal surgery devices market is moderately competitive in nature. Key players competing in the Germany Spinal Surgery Devices market are Globus Medical Inc.; Johnson & Johnson; Styker Corporation; Zimmer Holdings Inc.; and Medtronic PLC. Technological breakthroughs and product innovations are accelerating the market share of industry players. Moreover, they’re engaging in partnerships with hospital chains to expand their market share.
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