The global disposable spinal instruments market was valued at US$ 42.7 Mn in 2017 and expected to reach US$ 86.0 Mn by 2026, expanding at a CAGR of 8.1% from 2018 to 2026.
Market Insights
Globally, there has been a growth in incidence of healthcare acquired infections, both in hospitals and ambulatory surgery centers. Disposable medical instruments assist in reducing healthcare burden while also reducing the cost of and labor for cleaning and sterilization of reusable instruments. Growing numbers of outpatient procedures has been among the prime economic variables affecting the spinal surgery market. An anticipated momentous shift from inpatient to outpatient surgical procedures for spinal conditions is anticipated to result in presenting a prominent growth potential for disposable spinal instruments.
As the awareness among the surgeons about providing cost effective solutions and cures increase, the number of spinal surgeries shall grow. Furthermore, improving availability of reimbursements for procedures performed in ambulatory surgery centers and orthopedic clinics in resource scarce locations and to reduce the growing burden on hospitals will augment the market growth.
Browse the full report Disposable Spinal Instruments Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/disposable-spinal-instruments-market
Technological development in spine devices continue to advance. This phenomenon has a prominent impact on patient care; at present all the market incumbents have increased their research activities and are continuously increasing their product portfolio. Medical device companies are positioning themselves in the spinal surgery market through mergers, partnerships and acquisitions.
The reimbursements for minimally invasive procedures and outpatient care are consistently increasing. As the overall number of outpatient surgeries is anticipated to increase through the future years, the reimbursements for spinal surgeries being performed in ambulatory surgery centers and orthopedic centers will expand. In terms of competitive landscape, the global disposable spinal instruments market is consolidated in nature. A majority of key market players have a stronghold in North America and Europe with their breakthrough products. Cost competitiveness is a prime area of focus for several developing markets of Asia Pacific and Latin America. The mid-sized players in this market are focused on introducing their products worldwide, thereby to harness the stability in North America and Europe along with untapped opportunities in Asia Pacific.
Key Market Movements:
“Spinal fusion to remain the largest application area throughout the forecast period”
The growth of disposable spinal instruments in spinal fusion procedure is majorly attributed to the increase in geriatric population and the corresponding growth in the incidence of spinal injuries and trauma in the general population. Another chief characteristic of this segment is the increasing number of indications where spinal fusion surgery is performed. Originally, spinal fusion was performed for spinal tuberculosis and scoliosis, which has now progressed to over conditions. Further improvement in reimbursements shall assist in augmenting the market growth. Conditions such as spinal stenosis are very common in the age group of 50 years and above. The geriatric population is also at a high risk of developing spinal ailments and comorbidities. Therefore, considering that by 2050, around 30.5% of the global population shall be over 65 years of age, the demand for spinal fusion and other such procedures shall consistently rise and therefore assist in market growth.
Key questions answered in this report
ToC:
Chapter 1. Preface1.1. Report Description1.1.1. Study Purpose1.1.2. Target Audience1.1.3. USP and Key Offerings1.2. Research Scope1.3. Research Methodology1.3.1. Phase I – Secondary Research1.3.2. Phase II – Primary Research1.3.3. Phase III – Expert Panel Review1.3.4. Assumptions1.4. Market Segmentation
Chapter 2. Executive Summary2.1. Global DSI Market Portraiture2.2. Global DSI Market, by Type, 2017 (US$ Mn)2.3. Global DSI Market, by Procedure, 2017 (US$ Mn)2.4. Global DSI Market, by Usage Area, 2017 (US$ Mn)2.5. Global DSI Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Disposable Spinal Instruments (DSI) Market: Dynamics and Future Outlook3.1. Overview3.2. Drivers3.3. Challenges3.4. Opportunities3.5. Attractive Investment Proposition, by Geography, 20173.6. Competitive Analysis: Global DSI Market, by Key Players, 2017
Chapter 4. Global Disposable Spinal Instruments (DSI) Market, by Type, 2016 – 2026 (US$ Mn)4.1. Overview4.2. Kits4.2.1. Cervical Kits4.2.2. Lumbar Kits4.3. Pedicle Screw Systems
Chapter 5. Global Disposable Spinal Instruments (DSI) Market, by Procedure, 2016 – 2026 (US$ Mn)5.1. Overview5.2. Spinal Fusion5.3. Decompression Surgery
Chapter 6. Global Disposable Spinal Instruments (DSI) Market, by Procedure, 2016 – 2026 (US$ Mn)6.1. Overview6.2. Hospitals6.3. Ambulatory Surgery Centers6.4. Orthopedic Centers
Chapter 7. Global Disposable Spinal Instruments (DSI) Market, by Geography, 2016 – 2026 (US$ Mn)7.1. Overview7.2. North America DSI Market, 2016 – 2026 (US$ Mn)7.2.1. North America DSI Market, by Type, 2016 – 2026 (US$ Mn)7.2.2. North America DSI Market, by Procedure, 2016 – 2026 (US$ Mn)7.2.3. North America DSI Market, by Usage Area, 2016 – 2026 (US$ Mn)7.2.4. North America DSI Market, by Country, 2016 – 2026 (US$ Mn)7.2.4.1. U.S.7.2.4.2. Canada7.3. Europe DSI Market, 2016 – 2026 (US$ Mn)7.3.1. Europe DSI Market, by Type, 2016 – 2026 (US$ Mn)7.3.2. Europe DSI Market, by Procedure, 2016 – 2026 (US$ Mn)7.3.3. Europe DSI Market, by Usage Area, 2016 – 2026 (US$ Mn)7.3.4. Europe DSI Market, by Country/Region, 2016 – 2026 (US$ Mn)7.3.4.1. U.K.7.3.4.2. Germany7.3.4.3. Italy7.3.4.4. France7.3.4.5. Spain7.3.4.6. Rest of Europe7.4. Asia Pacific DSI Market, 2016 – 2026 (US$ Mn)7.4.1. Asia Pacific DSI Market, by Type, 2016 – 2026 (US$ Mn)7.4.2. Asia Pacific DSI Market, by Procedure, 2016 – 2026 (US$ Mn)7.4.3. Asia Pacific DSI Market, by Usage Area, 2016 – 2026 (US$ Mn)7.4.4. Asia Pacific DSI Market, by Country/Region, 2016 – 2026 (US$ Mn)7.4.4.1. China7.4.4.2. Japan7.4.4.3. India7.4.4.4. Australia7.4.4.5. Rest of Asia Pacific7.5. Latin America DSI Market, 2016 – 2026 (US$ Mn)7.5.1. Latin America DSI Market, by Type, 2016 – 2026 (US$ Mn)7.5.2. Latin America DSI Market, by Procedure, 2016 – 2026 (US$ Mn)7.5.3. Latin America DSI Market, by Usage Area, 2016 – 2026 (US$ Mn)7.5.4. Latin America DSI Market, by Country/Region, 2016 – 2026 (US$ Mn)7.5.4.1. Brazil7.5.4.2. Mexico7.5.4.3. Rest of Latin America7.6. Middle East & Africa DSI Market, 2016 – 2026 (US$ Mn)7.6.1. Middle East & Africa DSI Market, by Type, 2016 – 2026 (US$ Mn)7.6.2. Middle East & Africa DSI Market, by Procedure, 2016 – 2026 (US$ Mn)7.6.3. Middle East & Africa DSI Market, by Usage Area, 2016 – 2026 (US$ Mn)7.6.4. Middle East & Africa DSI Market, by Region, 2016 – 2026 (US$ Mn)7.6.4.1. GCC7.6.4.2. South Africa7.6.4.3. Rest of Middle East & Africa
Chapter 8. Company Profiles8.1. Safe Orthopaedics8.1.1. Company Overview8.1.2. Financial Information (Subject to Data Availability)8.1.3. Product Portfolio8.1.4. Key Developments8.2. Kapp Surgical Instrument Inc.8.3. ECA Medical Instruments8.4. Xenco Medical8.5. Providence Medical Technology Inc.8.6. Intelligent Implant Systems, LLC8.7. joimax GmbH8.8. Paradigm Spine LLC8.9. TeDan Surgical Innovations, LLC8.10. Teleflex Medical
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