In addition to the effects of the disease on public health, there is also the collateral effect of near‐universal disruption and cancelation of surgical services. Postoperative recovery rooms and intermediate‐care units are being used as care units outside regular intensive care, to manage sick patients affected by COVID‐19. In Singapore, in the first 6 weeks of the pandemic, 50% of elective surgeries were canceled according to the article by Soh, Tamara Lee Ting, published in 2020. Thus, there is a real threat of disruption to surgical services, and there may be difficulty in maintaining critical surgical care during the COVID-19 period.

The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.

As per the Centers for Disease Control and Prevention data, in 2017–2018, the age-adjusted prevalence of obesity in adults was 42.4%, and there were no significant differences between men and women among all adults or by age group. The prevalence of severe obesity was highest among adults aged 40–59 compared with other age groups. These numbers are further expected to increase with changing lifestyles and food consumption methods in developed countries.

According to the British Medical Journal, 135 million Indians are affected by obesity in the year 2018 and the situation is expected to get worse, specially in children. In India, more than 27 million children will be obese by the year 2030. Along with a likely increase in spinal problems in obese populations, owing to an increase in obesity, the degenerative spinal conditions are also expected to increase.

Back pain is one of the most common health complaints among adults in the United States. Such pain can be caused by strained muscles or ligaments, excess weight, poor posture, psychological problems, or everyday activities. Also, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is also expected to increase during the forecast period.

Moreover, the growing technological advancements gives it a boost globally. For instance, robotic spinal surgery have become more popular these days. This technology uses computer-assisted navigation, 3D cameras, and lesser exposure to radiation to perform certain spinal surgeries.

However, the compilcations associated with the surgeries like blood clots, excessive bleeding, dural tear, infection, etc are major restraining factor for the growth of the market.

Free Sample report for this report is available :-https://www.statzyreports.com/report/sr497809/spinal-surgery-devices-market

Key Market Trends

Spinal Fusion is Expected to Hold the Highest Market Share by Device Type over the Forecast Period

In the device type segment of the spinal surgery devices market, spinal fusion is expected to have the largest market size, and it is expected to witness good growth during the forecast period.

Many products in the market provide conventional effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery.

The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process of further development. This factor is likely to offer various benefits to the market studied. A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. The share of the same is expected to increase over the forecast period, registering a healthy CAGR.

However, due to the cancellation of many elective surgeries due to the COVID-19 pandemic may restarint the segment growth. According to the study published in the British Journal of Surgery, in May 2020, based on a few week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide will be canceled or postponed in 2020. However, with the vaccination programs being in place, and the lockdowns are out of place, many hospitals have restarted the elective surgeries.

North America Dominates the Market and Similar is Expected Over the Forecast Period

In the United States as of May 2020, there were more than 4 million surgeries that were canceled over the peak 12 weeks, according to CovidSurge Collaborative. the cancellation of a huge amount of surgeries and the fear of Covid spread in the country is affecting the market growth in the region

North America currently dominates the market for spinal surgery devices, and it is expected to continue its stronghold for a few more years. The United States holds the largest share of the market, due to the increasing number of Americans suffering from lower back problems, every year. The aging population and the growing health concerns led the government to take several initiatives, thus, providing several opportunities for this market.

In 2019, more than 60% of Canadian adults were overweight or obese. Maritime provinces have the highest rates of obesity and the lowest rates were recorded in British Columbia. Historically, the cities of Alberta, Saskatchewan, Ontario, New Brunswick, and Nova Scotia recorded significantly higher rates of overweight/obesity, and the population suffering from overweight/obesity was higher than the national average for adults. The overweight burdens the spine and leads to diseases, like degenerative disc diseases, which may lead to surgical correction of the spine. This is expected to boost the demand for devices.

Hence, the market studied is expected to grow, due to a general shift in the trend toward more minimally invasive surgeries in the spinal implant market, over the forecast period.

Competitive Landscape

The spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with the increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability. Companies, like Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc., hold substantial shares in the market.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

For sample report please visit : https://www.statzyreports.com/report/sr497809/spinal-surgery-devices-market
Contact Us:
Poojan Dogra
Public Relations Manager
Email : [email protected]
Email : [email protected]
(IN) - +918484035727
(US) - +1415-871-0483
Website : www.statzyreports.com