APAC Spine Surgery Devices Market is Expected to Reach $2,223.1 Million by 2019

Date: 2015-08-17

“The APAC Spine Surgery Devices Market is expected to reach $2,223.1 million by 2019, at a CAGR of 10.5% from 2014 to 2019. This is mainly due to the increasing incidents of spinal deformities, such as disc compression amongst the aging population in the Asia-Pacific region, and the popularity of non-fusion devices, such as artificial spinal disc and nucleus. The increasing demand from the aging population, along with the advancement in medical technology, is driving the demand for the spine surgery device market in this region.

In this report, the spine surgery devices market is broadly segmented into four classes such as fusion, non-fusion, spinal decompression, and spine biologics. The fusion category can be divided into spine fusion and fixation and spinal bone stimulators. Non-fusion segment consists of motion preservation technologies, such as dynamic stabilization, artificial discs, annual repair and nucleus replacement. The vertebral compression factures treatment category includes market for vertebroplasty and kyphoplasty kits. Spinal decompression segment consists of niche markets, such as corpectomy, disectomy, foraminotomy/forminectomy, and laminotomy/laminectomy. Allogarfts, bone morphonenetic proteins, demineralised bone matrix, bone substitutes, and machined bones together contribute to the overall category of spine biologics. 

The APAC Spine Surgery Devices market is a competitive market with a number of market players. As of 2014, this market is estimated to be dominated by the Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew Plc (U.K.), Tornier, Inc. (France), and Biomet, Inc. (U.S.). New product launches, mergers & acquisitions, agreements, and approvals are the major strategies adopted by most of these market players to achieve growth in the APAC spine surgery devices market.                                                                            

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