Published Date : Mar 29, 2017
ALBANY, New York, March 29, 2017: MarketResearchReports.biz has announced the addition of a new market study to its repository, titled “Global Interventional Spine Devices Market 2017-2021.” The report offers a complete reports of the market, with its main focus on the factors boosting the adoption of interventional spine devices and challenges faced by the manufacturers of these devices. Future growth opportunities are identified by industry experts and listed in the report. Also, current industry trends that are impacting the market are discussed. The report, with an aim to help companies both new and established, is collated by market experts and is accurate in its reports and results. Growth trajectory of the interventional spine devices market has been given in the study, both on a regional as well as global level.
As per the report, the interventional spine devices market is expected to expand at a healthy CAGR of 10.50% between 2017 and 2021 owing to a growing prevalence of lower back pain and osteoporosis. Cases of back pain and lower back pain have become extremely common and when the spinal condition becomes too painful, it becomes inadvertent to undergo interventional spine procedures. As new techniques are being used for interventional spine procedures, they have become minimally invasive and thus, more appealing to patients across the globe.
Conditions such as vertebral compression fractures (VCFs) have become increasingly common among the geriatric population and this is resulting in a heightened demand for interventional spine devices. As the disposable income of people is increasing and reimbursement policies are becoming favorable, people are yearning to live quality life and thus, spend in surgical procedures. All these factors are creating a favorable environment for the growth of the global interventional spine devices market.
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The global interventional spine devices market is characterized by increasing number of mergers and acquisitions. Players in the market are focusing on emerging nations such as India and China. Companies are also focusing on reducing the risks of cement leakages. The report profiles some of the key players operating in the market. They are Stryker, Medtronic, St. Jude Medical, Merit Medical, and DePuy Synthes.
Some of the factors restricting the growth of the global interventional spine devices market include availability of substitutes or alternative medicines and the risk involved with interventional spine procedures, which deters patients from going through this process. It is also seen that the popularity of vertebroplasty is decreasing in the U.S., which is having a negative impact on the demand for interventional spine devices. In addition to thus, the high entry barriers are causing a big challenge for new players and restraining the development of the market. On the other hand, the emergence of radiofrequency targeted vertebral augmentation is expected to boost the global interventional spine devices market.
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