Research Nester released a report titled “Thoracolumbar Stabilization Devices Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global thoracolumbar stabilization devices market in terms of market segmentation by device type, device material, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Thoracolumbar is related to the thoracic and lumber region of spine. The stabilization devices are used for providing strength to the thoracic and lumber muscles in case of any injury or pain. The thoracolumbar stabilization devices market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028 on the back of increasing cases of spinal injuries and back pain. The condition of spine deformities among the older people is highly prevalent which is expected to drive the market growth.
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The device type segment is bifurcated into anterior stabilization, posterior stabilization and retractors. Usage of posterior stabilization devices in most of the primary implant cases makes this segment leader in the market in terms of market share. Additionally, the availability of stabilization devices made up to titanium, makes them an appealing choice on the account of its light weight nature. Such factors are expected to boost the market growth over the forecast period.
Based on the regional analysis, the thoracolumbar stabilization devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for thoracolumbar stabilization devices in North America is predicted to hold the leading share in the market on account of presence of leading market players in the region which manufacture and market thoracolumbar stabilization devices and increasing cases of spinal injuries. Asia-Pacific region is expected to record significant growth owing to large number of spinal injury patients and improving healthcare facilities in the region.
Increasing Number of People Living with Spinal Cord Injuries to Boost Market Growth
According to World Health Organisation, every year between 250000 to 500000 people suffer from spinal injuries. This number adds up to the existing pool of patients suffering from spinal injuries. In most of the cases, the prevalence of spinal injury is extremely high. Thereby, the demand for thoracolumbar stabilization devices is increasing every year. Thereby, it is safe to say that the thoracolumbar stabilization devices market will expand notably over the forecast period. However, the high initial investment required to buy the stabilization devices is estimated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the global thoracolumbar stabilization devices market which includes company profiling of B. Braun Melsungen AG, Zimmer Biomet Holdings Inc. (NYSE: ZBH), NuVasive, Inc. (NASDAQ: NUVA), Yellowsteps SAS, Medyssey Co Ltd (200580: Konex), DePuy Synthes Company (Johnson and Johnson (NYSE: JNJ)), Aesculap Implant Systems, LLC, Ulrich Medical, Medtronic PLC (NYSE: MDT) and Stryker Corporation (NYSE: SYK).
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global thoracolumbar stabilization devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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