Global flexible spinal implants market is expected to grow at a CAGR of 13.2%
Flexible spinal implants are the latest advancements in spinal implant surgery. These mimic the natural movement of the spine and ensure flexibility of movement. Flexible spinal implants market is a product and technology advancement driven market. The advancements in technology such as development of flexible polymers and silicone material will drive the future market. Another development is the inclusion of electronic stimulators which stimulate the spinal implant.
However the worsening regulatory and reimbursement environment combined with the uncertainty of healthcare reforms, is a significant threat to the market. The U.S. food and drug administration (FDA) classifies medical devices into Class I, II, and III with regulatory control increasing from Class I to Class III, based on the need to provide reasonable assurance of its safety and effectiveness.Pre-market approval is needed for class II devices and most Class III devices and is very time and effort consuming process. Pre-market approval requires valid scientific evidence about the probable health benefits from its intended use. Moreover, these benefits must outweigh the probable risks and a reasonable evidence to assure that the device will significantly help a large portion of the target population. Pre-market approval consequently increases the time required for clearance of device by the FDA. The time for pre-market approval is increasing year by year which is a threat to flexible spinal implants market.
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Key players of Global Flexible spinal implants Market:
- Paradigm Spine LLC,
- Medtronic plc.,
- Abbott Spine, Inc.,
- K2M Group Holdings,
- Stryker Corporation,
- Zimmer Biomet Holdings, Inc.,
- B. Braun Melsungen AG,
- Alphatec Holdings, Inc.,
- NuVasive, Inc.,
- Orthofix International N.V.,
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Flexible Spinal Implants Market Research Report- Global Forecast till 2023”
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The global flexible spinal implants market is segmented on the basis of type.
Segmentation Based on the type, the market has been segmented as rods, hooks, pedicle screws, plates, cages and other.
Segmentation Based on applications, the market has been segmented as thoracic, lumbar, cervical, artificial discs and other.
Global flexible spinal implants market, on the basis of regions is divided into North America, Europe, Asia Pacific, and Middle East, and Africa. North America leads the global market for Flexible spinal implants which is led by the U.S. The reasons for the dominance of U.S. is the high per capita income the faster uptake of new technology, better reimbursement than other countries etc. The presence of large technology companies and the innovation ecology of the US is also an important driver of the market. However, the increasing stringency for class III devices in the US coupled with rising time for approval of new devices with class III status, is a threat to the future market.
Table of Content
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3. Market Dynamics
3.4 Macroeconomic Indicators
4. Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5. Global Flexible Spinal Implants Market, By Type
5.3 Pedicle Screws
6. Global Flexible Spinal Implants Market, By Applications
6.1 Thoracic Flexible Spinal Implants
6.2 Lumbar Flexible Spinal Implants
6.3 Cervical Flexible Spinal Implants
6.4 Artificial Discs Flexible Spinal Implants
7. Global Flexible Spinal Implants Market, By Region
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