India Spinal Fusion Devices Market Overview
The spine is made up of vertebrae that is a series of bones, in between each vertebra are strong connective tissues known as discs that hold one vertebra to the other which act as cushions. The disc permits movements of the vertebrae and allow the person to rotate and bend their back and neck. The degree and type of motion differs between the various levels of the spine. The different spines are lumbar (low back), cervical (neck), or thoracic (chest). The cervical spine is a highly mobile region that allows the movement in every directions. The thoracic spine is highly rigid because of the presence of ribs which is designed to protect the lungs and heart. The lumbar spine permits mostly backward and forward bending movements that is flexion and extension. Fusion is a surgical technique in that one or more of the vertebrae of the spine are fused together to make movement between them. Spinal fusion surgery, grafts the bone which are placed around the spine while performing surgery. The body then heals the grafts after the months as similar to healing a joint fracture.
India Spinal Fusion Devices Market Drivers & Restraints
Growing aging population in India
The growing aging population in India is the major propelling factor for the growth of the target market. The chances of spinal problems increased due to rise in the aged population. Therefore, the spinal cases is also increase. As similar to other country, the spine-related problems are also increase in India. The prevalence and incidence of spinal problems has been rising, mainly because of bad postures, unhealthy lifestyle, and sedentary jobs. Bad postures puts more of strain on the muscles, ligaments, and joints that support the back postures. Deskbound lifestyle also main cause of weak ligaments and muscles that do not maintain the back properly. It has been seen that approximately 60% of the Indian population will have a significant episode at some point of their lifetime. Therefore, the rising spinal problems are anticipated to boost the market studied. According to report published by the WHO (World Health Organization), India registers the highest number of deaths due to the road traffic accidents, more than 1200 injuries with the 375 deaths due to road accidents in the country which is 1st global status on road safety.
Increasing Medical tourism
Medical tourism is also a main fueling factor for the spinal fusion devices market. In India, the rate of the spinal fusion devices and the respective spinal surgeries are low compared with the other countries. Therefore, many patients are travelling from all over the world travel to India, treatment of spinal surgeries.
High cost associated with device approval process
The cost and process associated with device approval process for spinal surgical devices is high and lengthy due to it includes preclinical and clinical data for the surgery device. Technologies and class III devices, or devices without a substantially equivalent precedent, needs a server process of estimation, for which CDSCO demands clinical and preclinical data, with manufacturing and biochemical data.
India Spinal Fusion Devices Market Segmentations & Regional Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The India spinal fusion devices market is segmented based on type, surgery. On the basis of type, the India spinal fusion devices market is segmented into cervical fusion device, thoracic fusion device, and lumbar fusion device. On the basis of surgery, the target market is classified into open spine surgery and minimally invasive spine surgery.
Attribute |
Details |
Base year for estimation |
2019 |
Forecast period |
2019 – 2029 |
Market representation |
Revenue in USD Million & CAGR from 2019 to 2029 |
Market Segmentation |
By Type - Cervical Fusion Device, Thoracic Fusion Device, and Lumbar Fusion Device By Surgery – Open Spine Surgery and Minimally Invasive Spine Surgery |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the target market report based on type, surgery:
India Spinal Fusion Devices Market, By Type:
- Cervical Fusion Device
- Thoracic Fusion Device
- Lumbar Fusion Device
India Spinal Fusion Devices Market, By Surgery:
- Open Spine Surgery
- Minimally Invasive Spine Surgery
India Spinal Fusion Devices Market Competitive Landscape & Key Players
The key players operating the India spinal fusion devices market includes Medtronic, Zimmer Biomet, Depuy Synthes, Matrix, Globus Medical, and SH Pitkar. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in April 2018, Medtronic PLC gained CE Mark and European introduced the Visualase (TM) MRI-guided Laser Ablation System.
India Spinal Fusion Devices Market Company Profile
- Medtronic Plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zimmer Biomet Holdings, Inc.
- Depuy Synthes
- Matrix
- Globus Medical
- SH Pitkar
“*” marked represents similar segmentation in other categories in the respective section
FAQs
India Spinal Fusion Devices Market worth US$ 9.1 Billion 2018 registering a 5.40% CAGR over the forecast period
The market report has been segmented on the basis of type, and surgery.
Emerging trends include the adoption of minimally invasive spinal surgeries, advancements in spinal implant materials and technologies, and the increasing prevalence of spinal disorders, presenting significant opportunities in the India Spinal Fusion Devices Market.
Factors driving the market include the rising incidence of spinal disorders and conditions, advancements in surgical techniques and implant designs, the growing aging population, and the demand for improved quality of life through spinal interventions.
The report focuses on the India market. In the global context, Asia-Pacific is expected to have a significant impact on the Spinal Fusion Devices Market, with India being a key contributor due to its large population and increasing healthcare infrastructure.
The prominent player operating in the India spinal fusion devices market includes Medtronic Plc., Zimmer Biomet, Depuy Synthes, Matrix, Globus Medical, and SH Pitkar.