Spine/spinal surgery is one of the fast-growing surgical techniques and has evolved into one of the major segments of the orthopedic industry. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. However, owing to the recent technological advances, the number of minimally invasive procedures has increased significantly. Moreover, as the geriatric population is more prone to spinal injuries there is an increasing demand for spinal surgeries that is expected to increase in the future.
Key Market Trends
Spinal Fusion Surgery Devices segment is Expected to Cover a Large Share of the Market
Spinal fusion is a neurosurgical or orthopedic surgical technique that joins two or more vertebrae. This procedure can be performed at any level in the spine (cervical, thoracic, or lumbar) and prevents any movement between the fused vertebrae. Spinal fusion is most commonly performed to relieve the pain and pressure on the spinal cord that results when a disc wears out due to degenerative disc disease. Other common pathological conditions that are treated by spinal fusion include spinal stenosis, spondylolisthesis, spondylosis, spinal fractures, scoliosis, and kyphosis.
Japan has been found with the highest percentage of population aged 60 years or above. Moreover, this population is expected to rise in the future. Therefore as the geriatric population is more prone to spinal injuries and degenerative disorders, the demand for spinal fusion surgery devices is expected to increase in future.
Japan is a developed country and has trade relations other developed nations. As a result, it enjoys the presence of most of the global players in the Japan Spinal Surgery Devices market. Moreover, some domestic Japanese companies also have their presence in the spinal surgery devices market. This, along with the presence of other global players, has made the Japanese market very competitive for spinal surgery devices.
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
4.2.2 Increasing Incidences of Obesity and Degenerative Spinal Conditions
4.2.3 Rising Geriatric Popualtion in Japan
4.3 Market Restraints
4.3.1 Risks Associated with Spinal Surgeries
4.3.2 High Cost and Time Involved in Treatment Procedures
4.4 Porter s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Spinal Decompression
5.1.2 Spinal Fusion
22.214.171.124 Cervical Fusion
126.96.36.199 Interbody Fusion
188.8.131.52 ThoracoLumbar Fusion
184.108.40.206 Other Spinal Fusions
5.1.3 Fracture Repair
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 B. Braun Melsungen AG
6.1.2 Johnson & Johnson (DePuy Synthes)
6.1.3 Globus Medical Inc.
6.1.4 Joimax GmbH
6.1.5 Medtronic PLC
6.1.6 NuVasive Inc.
6.1.7 Orthofix Holdings Inc.
6.1.8 Stryker Corporation
6.1.9 Zimmer Biomet
7 MARKET OPPORTUNITIES AND FUTURE TRENDS