Market Overview

Numerous conditions can affect the spinal cord adversely which can result in severe back pain to some serious spinal dysfunction. The spinal conditions such as fractures, degenerative disk disease, scoliosis, spine infection or tumor, spondylolisthesis, etc. may not require spinal surgery however if the condition getting worse only then surgery is recommended.

According to the HCUP (Healthcare Cost and Utilization Project), in the period from 2001 to 2011, the spinal fusion surgeries has increased by 70%. In 2001, there were around 2 Mn procedures performed and in 2011 procedures increased to 4 Mn, almost double from 2001 in the United States alone, which indicates the increasing trend of spinal surgeries. This increasing trend increasing the need for spinal surgery devices and indirectly driving the market growth of spinal surgery instrument kits market.

Growing spinal injuries is expected to drive the growth of the spinal surgery instrument kits market. Rising prevalence of the stenosis which is a degenerative disease and cannot be effectively reversed with any medication and often requires surgery indirectly boosting the growth of the spinal surgery instrument kits market.

The advanced spinal surgery instrument kits availability allow healthcare professionals to perform spinal surgery effectively and precisely which increase the positive result of the surgery and in turn driving the growth of the spinal surgery instrument kits market.

Further, rising research and development activities to develop treatments to cure various spinal related disorders is expected to drive the growth of the spinal surgery instrument kits market. However, the high cost of the spinal surgeries may restrain the growth of the spinal surgery instrument kits market. Lack of expertise to perform critical spinal surgery also expected to hamper the potential growth of spinal surgery instrument kits market.

Regional Outlook

The global spinal surgery instrument kits market is expected to be dominated by North America due to a high number of spinal surgeries performed in the region. Europe is the second largest and most lucrative spinal surgery instrument kits market due to availability of skilled professionals coupled with higher adoption of spinal surgery in the region.

Latin America spinal surgery instrument kits market is expected to experience steady growth due to increasing spinal surgery procedures. The Asia-Pacific spinal surgery instrument kits market is expected to show fast growth due to rising spinal surgeries and product availability.

The Middle East & Africa is expected to be least lucrative spinal surgery instrument kits market due to least product availability and lack of facilities in the region.

Key Players

Some of the key players in the spinal surgery instrument kits market include Stryker; Cook Medical; Medtronic; Avalign Technologies, Inc.; Siemens Healthineers; Ethicon Inc.; Becton, Dickinson and Company; Olympus Corporation; Thermo Fisher Scientific, B. Braun Melsungen AG, Zimmer Biomet, and others.

The report covers exhaustive analysis on:

• Spinal Surgery Instrument Kits Market Segments
• Spinal Surgery Instrument Kits Market Dynamics
• Spinal Surgery Instrument Kits Historical Actual Market Size, 2013 - 2017
• Spinal Surgery Instrument Kits Market Size & Forecast 2017 to 2026
• Spinal Surgery Instrument Kits Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Market Drivers and Restraints

Regional analysis includes

• North America
• Latin America
• Europe
• Asia Pacific excluding China
• China
• Middle East & Africa

 Report Highlights:

• Shifting Industry dynamics
• In-depth market segmentation
• Historical, current and projected industry size Recent industry trends
• Key Competition landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance