South Korea Spinal Surgery Devices Market

South Korea Spinal Surgery Devices Market by Device Types (Spinal Decompressions [Corpectomy, Discectomy, Laminotomy, and Others], Spinal Fusions [Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, and Others], Fracture Repair Devices, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 –2028

  • Report ID: HC-3653
  • Author: Growth Market Reports
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  • No. Of Pages: 197
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The South Korea spinal surgery devices market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising geriatric population.

South Korea Spinal Surgery Devices Market summary

Spinal surgery permanently connects two or more bones in spine for improving stability, correct deformities such as sideway curvature of the spine, and reduced pain. Vertebroplasty and kyphoplasty, foraminotomy, nucleoplasty, artificial disk replacement are the types of spinal surgery. Nucleoplasty is also called plasma disk decompression. The most common spine surgery is spinal decompression and fusion.

The COVID-19 pandemic has negatively impacted spinal surgery market due to postoperative recovery rooms and intermediate?care units are being used as care units outside regular intensive care, to manage sick patients affected by COVID?19. However, the relaxation in restrictions is estimated to fuel the growth of the market.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing adoption rate of minimally invasive spinal surgeries is anticipated to drive the market growth during the forecast period.
  • Growing incidence of obesity and degenerative spinal conditions is estimated to spur the market growth in the coming years.
  • Increasing life expectancy is anticipated to drive the market growth during the forecast period.
  • Rising technological advancements in spinal surgery is projected to boost the market growth in the coming years.
  • Increasing robotics spine fusion surgeries is estimated to spur the market growth in the coming years.
  • Expanding incidence of spinal disorders is anticipated to drive the market growth during the forecast period.
  • High cost of spinal surgery and uncertainties surrounding reimbursement are expected to restrain the market growth during the forecast period.
  • The complications associated with the surgeries such as blood clots, excessive bleeding, dural tear, and infections can restrain the market growth.
  • New product launches and technological advancements can lead to new opportunities in the market.

Scope of the Report

The report on the South Korea 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.

Attributes

Details

Report Title

Spinal Surgery Devices Market - South Korea Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Device Types (Spinal Decompressions [Corpectomy, Discectomy, Laminotomy, and Others], Spinal Fusions [Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, and Others], Fracture Repair Devices, and Others)

Country Scope

South Korea

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

B. Braun Melsungen AG; Globus Medical Inc.; Johnson & Johnson; Medtronic PLC; Styker Corporation; and Zimmer Biomet

South Korea Spinal Surgery Devices Market Segment Insights

Facture repair devices segment are anticipated to hold a large market share

Based on device types, the market is segmented into spinal decompressions, spinal fusions, fracture repair devices, and others. The spinal decompressions segment is divided into corpectomy, discectomy, laminotomy, and others. The spinal fusions segment is segregated into cervical fusion, interbody fusion, thoracolumber fusion, and others. The spinal decompressions segment is projected to constitute a major market share during the forecast period, as it provides pain relief, helps in restoring normal spinal disc and joint ligaments, relieves pressure on spinal nerves, and promotes healing of spinal disc tissues. On the other hand, the fracture repair devices segment is anticipated to expand at a rapid pace during the forecast period owing to less chance of infection than internal fixators, less damage to the fractured bone's blood supply, more control over the area than noninvasive immobilization such as slings and casts, and easily adjustability than internal fixators.

South Korea Spinal Surgery Devices Market device types

Segments

Segments Covered in the Report
The South Korea spinal surgery devices market has been segmented on the basis of
Device Types

  • Spinal Decompressions
    • Corpectomy
    • Discectomy
    • Laminotomy
    • Others
  • Spinal Fusions
    • Cervical Fusion
    • Interbody Fusion
    • ThoracoLumbar Fusion
    • Others
  • Fracture Repair Devices
  • Others

Country

  • South Korea

Key Players

  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Johnson & Johnson
  • Medtronic PLC
  • Styker Corporation
  • Zimmer Biomet

 

Competitive Landscape

Key players competing in the South Korea spinal surgery devices market includes B. Braun Melsungen AG; Globus Medical Inc.; Johnson & Johnson; Medtronic PLC; Styker Corporation; and Zimmer Biomet.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

South Korea Spinal Surgery Devices Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Surgery Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Spinal Surgery Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Spinal Surgery Devices Market - Supply Chain
  4.5. Global Spinal Surgery Devices Market Forecast
     4.5.1. Spinal Surgery Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Spinal Surgery Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Spinal Surgery Devices Market Absolute $ Opportunity
5. Global Spinal Surgery Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Spinal Surgery Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Spinal Surgery Devices Demand Share Forecast, 2019-2026
6. North America Spinal Surgery Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Spinal Surgery Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Spinal Surgery Devices Demand Share Forecast, 2019-2026
7. Latin America Spinal Surgery Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Spinal Surgery Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Spinal Surgery Devices Demand Share Forecast, 2019-2026
8. Europe Spinal Surgery Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Spinal Surgery Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Spinal Surgery Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Spinal Surgery Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Spinal Surgery Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Spinal Surgery Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Spinal Surgery Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Spinal Surgery Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Spinal Surgery Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Spinal Surgery Devices Market: Market Share Analysis
  11.2. Spinal Surgery Devices Distributors and Customers
  11.3. Spinal Surgery Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. B. Braun Melsungen AG
     11.4.2. Globus Medical Inc.
     11.4.3. Johnson & Johnson
     11.4.4. Medtronic PLC
     11.4.5. Styker Corporation
     11.4.6. Zimmer Biomet

Segments Covered in the Report
The South Korea spinal surgery devices market has been segmented on the basis of
Device Types

  • Spinal Decompressions
    • Corpectomy
    • Discectomy
    • Laminotomy
    • Others
  • Spinal Fusions
    • Cervical Fusion
    • Interbody Fusion
    • ThoracoLumbar Fusion
    • Others
  • Fracture Repair Devices
  • Others

Country

  • South Korea

Key Players

  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Johnson & Johnson
  • Medtronic PLC
  • Styker Corporation
  • Zimmer Biomet

 

Key players competing in the South Korea spinal surgery devices market includes B. Braun Melsungen AG; Globus Medical Inc.; Johnson & Johnson; Medtronic PLC; Styker Corporation; and Zimmer Biomet.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

South Korea Spinal Surgery Devices Market keyplayers

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