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.
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.
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 |
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.
Segments Covered in the Report
The South Korea spinal surgery devices market has been segmented on the basis of
Device Types
Country
Key Players
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.
Segments Covered in the Report
The South Korea spinal surgery devices market has been segmented on the basis of
Device Types
Country
Key Players
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.
Some other reports from this category!