Global spinal fusion device market is expected to reach $8.85billion by 2027Global spinal fusion device market is expected to reach $8.85billion by 2027.Global spinal fusion device market is valued approximately at $7billion in 2020 and is anticipated to grow with a healthy growth rate of about3.4% over the forecast period 2021-2027. Spinal fusion device refers to the type of implantable medical devices that are used for fusion between two or more vertebrae in the spinal cord and these are primarily designed to spread apart two vertebrae while the fusion heals. The global spinal fusion device market is being driven by growing elderly population and increasing numbers of spinal disorders across the globe. Furthermore, advancements in surgical technologywill provide new opportunities for the global spinal fusion deviceindustry. According to the United Nations (World Population Ageing 2019 Report), geriatric population (persons aged65 years, or more) is expected to reach more than 1.5 billion by 2050 from nearly 727 million persons in 2020, across the globe. Such growth witnessed in the geriatric populationworldwide is likely to increase the demand for spinal fusion device as this population is more prone to bone and spine related injuries and disorders which in turn would drive the market. However,stringent regulatory approval proceduremay impede market growth over the forecast period of 2021-2027.

The regional analysis of the global spinal fusion device market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to growing incidences of fatal accidents and sports injuries, geriatric population, etc. in the region. Whereas Asia Pacificis anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to growing medical tourism, etc. across the region.

Major market player included in this report are:
Johnson & Johnson Services, Inc. (DePuy Synthes)
Stryker
Zimmer Biomet
Orthofix Medical, Inc.
B. Braun Melsungen AG
Medtronic
NuVasive, Inc.
Globus Medical
ATEC Spine, Inc
Captiva Spine, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

ByProduct:
Thoracolumbar Devices
Cervical Fixation Devices
Interbody Fusion Devices
ByDisease Type:
Degenerative Disc
Complex Deformity
Trauma & Fractures
Others
BySurgery:
Open spine surgery
Minimally Invasive Spine Surgery
By End User:
Hospitals
Specialty Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Spinal Fusion Device Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors