The main function of spine augmentation systems is to create the cavity within the vertebral body before injecting cement during the minimally invasive surgical procedure. The cement is injected into the cavity created by spine augmentation systems in order to stabilize the fracture. Spine augmentation systems are used to perform a different type of surgical procedures such as vertebroplasty, balloon kyphoplasty, and others.
The rising prevalence of osteoporosis primary factor driving the growth of spine augmentation systems market throughout the globe. The launch of novel spine augmentation systems by the leading manufacturer to perform the vertebroplasty will propel the growth of the spine augmentation systems market.
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Also, the availability broad product line of spine augmentation systems to perform the minimally invasive procedure will propel the growth of the spine augmentation systems market. Stringent guidelines by the various government authorities for the approval of the devices for orthopedic surgery may hamper the growth of spine augmentation systems market over the forecast period. Also, the high risk associated during vertebroplasty procedure may also lead to sluggish growth of spine augmentation systems market.
The global spine augmentation systems market is classified on the basis of product type, application, end user and region.
Based on product type, spine augmentation systems market is segmented into following:
- Catheter
- Needle
- Access Sheath
- Drill
Based on application, spine augmentation systems market is segmented into following:
- Vertebroplasty
- Kyphoplasty
Based on end user, spine augmentation systems market is segmented into following:
- Hospitals
- Ambulatory Surgical Centers
- Orthopedics Clinics
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The spine augmentation systems market is expected to witness significant traction over the next decade due to the rising prevalence of osteoarthritis. There are over 200 million people throughout the globe suffering from osteoporosis, revealed by the International Osteoporosis Foundation.
The same study also estimated that approximately 30% of post-menopausal women have chances of osteoporosis in European countries. The study later analyses that, the chances of fracture are more common in women rather than men, therefore the global prevalence of fracture for men is 15% while for women is 30%.
By product type, catheter segment will gain the majority of the revenue share of global spine augmentation systems market over the forecast period. Access sheath segment by product type is anticipated to grow with the faster rate for global spine augmentation systems market.
Among all end user, hospitals segment will gain the majority of the revenue share of global spine augmentation systems market which is then followed by ambulatory surgical centers. Orthopedic clinics segment is expected to show robust growth for global spine augmentation systems market over the forecast period.
North America region expected to dominate the spine augmentation systems market by revenue share owing high availability of novel product line of spine augmentation systems for vertebroplasty in the U.S. and Canada. After North America, spine augmentation systems market is then followed by Europe owing to rising patient pool suffering from osteoporosis in U.K. Germany, France, and other European countries.
Also, the rising incidence of fractures in India and China is the key factor behind the robust growth of spine augmentation systems market in Asia-Pacific. MEA and Latin America is the less attractive region for spine augmentation systems market owing to the low availability of medical facilities in this region. China, India, Brazil, and Russia are the emerging countries for spine augmentation systems market.
Some of the key players found across the value chain of spine augmentation systems are Johnson and Johnson, Stryker Corporation, Merit Medical Systems, Ackermann Instrumente, Joline, Laurane Medical, Amendia, Biopsybell, BM Korea, CLARIANCE, Maxxspine, Globus Medical Inc., Alphatec Spine, IMEDICOM, and others
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The report on spine augmentation systems market covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Market Size & Forecast 2018 to 2028
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
- Market Drivers and Restraints
Regional analysis for spine augmentation systems market includes
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East & Africa
Report on spine augmentation systems market highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size
- Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance