The market is segmented based on surgery, procedure, product, technology, and geography. Based on surgery, the market is segmented into open surgery, and minimally invasive surgery. Based on procedure, the market is segmented into facetectomy, discectomy, laminectomy, corpectomy, and foraminectomy. Based on product the market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spine biologics, non-fusion treatment devices, and spine bone stimulators. Based on technology, the market is segmented into spinal fusion technologies, spinal fixation technologies, spinal non-fusion technologies, and vertebral compression fracture treatment. The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
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According to Porter’s Five Forces analysis, the bargaining power of the supplier is high as products are highly differentiated. High switching cost leads to the low bargaining power of buyers. Threat from substitutes is low as few substitutes are available in the market. Many competitors with high exit barriers lead to intense competition in the market. Threat from new entrants is low as brand names are well known and profitability requires economies of scale. SWOT analysis helps in determining the internal and external environmental factors, which would help in strategic business planning. Analysis of key players and their strategies help in developing a market entry and expansion strategy.
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Market Segments :
By Surgery :
- Open Surgery
- Minimally Invasive Surgery
By Procedure
- Facetectomy
- Discectomy
- Laminectomy
- Corpectomy
- Foraminectomy
By Product :
- Bone Morphogenetic Proteins
- Bone Substitutes
- Machined Bones
By Technology :
- Annulus Repair
- Dynamic Stabilization
- Artificial Disc Replacement/Total Disc Replacement
MARKET BY GEOGRAPHY :
- North America (U.S., Canada, Mexico)
- Europe (France, Germany, UK, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, UAE, Rest of LAMEA)
Key Players:
- Stryker Corporation, BioControl Medical
- Abbott, DePuy Synthes,
- Orthofix International N.V.,
- Medtronic, Inc.,
- Boston Scientific Corporation,
- Globus Medical, Inc.,
- Zimmer Biomet Holdings, Inc.,
- Synapse Biomedical, Inc.
KEY BENEFITS
- In-depth analysis of the market is done based on market estimations of the key segments.
- Comprehensive analysis of factors that drive and restrict the growth of the world spinal intervention market for surgical and replacement technologies.
- The projections in the report are based on the current market trends and future estimations, in terms of value,.
- Exhaustive analysis of the market by age group helps in understanding the different techniques of spinal intervention for different age groups that are currently used along with the variants that are expected to gain prominence in the future.
- Analysis of current research and clinical developments is provided with key dynamic factors that help in understanding the market behavior.
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