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Global Spine Market Report: 2015 Edition

  • November 2015
  • -
  • Koncept Analytics
  • -
  • 52 pages

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The spine is the core of the human skeleton, and provides a crucial balance between structural support and flexibility. With significant developments in spine market devices, better educated patients, better trained surgeons and favorable demographics, the expenditure on spinal surgeries and implants is bound to drive the spine market in coming years. The benefits of minimally invasive surgery procedures in other areas of orthopedics have significantly contributed to the strong and growing demand for surgical alternatives with less tissue disruption of the spine. The growth is primarily driven by increasing incidences of spinal disorders, rising preferences of minimally invasive procedure and technological advancements.

The key factors driving the growth of the spine market are rapid growth of minimally invasive surgeries, growth of cervical disc procedures in the US, rising healthcare expenditure, growing obese population, economic development, growth in spine care surgery centers and ageing population. Some of the noteworthy trends and developments of this industry are technological development, access care in emerging countries and advancements in spine surgery. However, the expansion of global spine market is hindered by reimbursement challenges, high coat of implant and new technology, and lack of trained healthcare workers.

The report “Global Spine Market” provides an in-depth analysis of the global market for spine and orthopedics along with a detailed study of the US market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The major players in the industry, Medtronic Inc., Johnson & Johnson, Stryker Corporation, and Nuvasive Inc. are being profiled.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.

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