(EMAILWIRE.COM, January 18, 2019 ) The key players in the spinal implants and surgical device market focus on various strategies such as new product launches and product enhancements; mergers and acquisitions; geographic expansions; and partnerships, agreements, and collaborations in order to strengthen their global position in the spinal implants and surgical devices market.

New product launches and product enhancements was the key growth strategy adopted by a majority of the industry players to increase their share the spinal implants and surgical devices market. Companies such as Medtronic, plc (Ireland), NuVasive, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), RTI Surgical, Inc. (U.S.) majorly adopted this strategy. Apart from product launches and enhancements, a number of leading players adopted the strategy of partnerships, agreements, and collaborations to strengthen their sales and distribution networks, generate additional product demand, and strengthen their positions in the spinal implants and surgical device market.
According to Research report the global spinal implants market is estimated to reach 17.27 Billion by 2021, at a CAGR of 5.3%

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On the basis of geography, the spine implant devices market is classified into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, the global spinal implants market is estimated to be dominated by North America. A number of factors such as high awareness about the newly developed treatment technologies, well-established healthcare infrastructure, increasing incidences of spinal disorders, growth in the aging and obese population, and rising government funding to support R&D of innovative spine treatment devices are driving the growth of the spinal implants market in the North American region. The Asia-Pacific spine implant devices market is expected to grow at the highest CAGR from 2016 to 2021. This is primarily due to the growing income levels, increasing government healthcare expenditure, presence of a large patient population, rising obesity cases, growing awareness about newly developed spine treatment techniques, and increasing investments by global market players in the emerging nations from Asia-Pacific region.

On the basis of technology, the global spinal implants market is segmented into three categories, namely, spinal fusion and fixation, vertebral compression fracture treatment, spinal decompression, and motion preservation/non-fusion technologies.

Based on the type of product, the spinal implants market is classified into seven segments, namely, thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, vertebral compression fracture treatment devices, non-fusion treatment devices, spinal decompression devices, and spine bone stimulators.

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