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Spinal Surgery Devices Market – Growth, Trends, and Forecast (2019 – 2024)

Healthcare Published by: Mordor Intelligence Market: Afghanistan
112 pages Published: 10-06-2019
  • Healthcare
  • Mordor Intelligence
  • Afghanistan
  • 112 pages
  • Published: 10-06-2019

Market Overview

 

The global spinal surgery devices market was valued at USD 11,553.79 million in 2018, and is estimated to be valued at USD 15,769.46 million in 2024, witnessing a CAGR of 5.30%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.

As per the report of the National Institute of Health, in 2016, more than 1.9 billion adults were overweight, out of which 650 million were obese. It has also been reported that approximately 39% of adults were overweight and 13% were obese, in 2016. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.

According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, by the age of fifty, 85% of the population is likely to show evidence of disc degeneration. So, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

Scope of the Report

As per the scope of the report, the spinal surgery devices market is a significant, money-spinning sub-segment of the orthopaedic industry. Spine surgery has traditionally been an open surgery’, wherein, a long incision allows the surgeon to access the spine anatomy.

Key Market Trends

 

Spinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

 

In the device type segment of the spinal surgery devices market, spinal fusion is believed to have the largest market size and is expected to witness a CAGR of 5.05%, during the forecast period.

The spinal fusion device type is sub-segmented into instrumented and non-instrumented spinal fusion, cervical fusion, interbody fusion, and lumbar fusion. Many products in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied. A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. The share of the same is expected to increase over the forecast period, registering a healthy CAGR.

North America Dominates the Market and Expected to do the Same during the Forecast Period

 

North America currently dominates the market for spinal surgery devices and is expected to continue its stronghold for a few more years. The United States holds the largest share of the market. According to a survey conducted in the United States, by the National Centre for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. Moreover, in terms of surgery type, spinal fusion has a higher risk of infection and readmission to the hospital, and there is no evidence that it provides greater benefit to patients. However, its use increased by 67% among Medicare patients and is now more common than spinal decompression.

The US segment of the market studied is expected to grow, due to a general shift in the trend toward more minimally invasive surgeries in the spinal implant market, over the forecast period.

Competitive Landscape

 

The spinal surgery sevices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability. Companies, like Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc., hold substantial shares in the market.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
4.2.2 Increasing Number of Technological Advances in Spinal Surgery
4.2.3 Increasing Incidences of Obesity and Degenerative Spinal Conditions
4.3 Market Restraints
4.3.1 Stringent Regulatory Process For New Product Approval
4.3.2 Expensive Treatment Procedures
4.3.3 Stringent Reimbursement Concerns
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.1.1 Corpectomy
5.1.1.2 Discectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
5.1.2.2 Cervical Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Lumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Styker Corporation
6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.4 Globus Medical Inc.
6.1.5 Alphatec Spine Inc.
6.1.6 Seaspine
6.1.7 Zimmer Holdings Inc.
6.1.8 SpineGuard SA
6.1.9 K2M Group Holdings Inc.
6.1.10 Nuvasive Inc.
6.1.11 Joimax GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Device Type
Spinal Decompression
Corpectomy
Discectomy
Facetectomy
Foraminotomy
Laminotomy
Spinal Fusion
Instrumented And Non-Instrumented Spinal Fusion
Cervical Fusion
Interbody Fusion
Lumbar Fusion
Fracture Repair Devices
Arthroplasty Devices
Non-fusion Devices


Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

We value your investment and offer free customization with every report to fulfil your exact research needs.

Market Overview

 

The global spinal surgery devices market was valued at USD 11,553.79 million in 2018, and is estimated to be valued at USD 15,769.46 million in 2024, witnessing a CAGR of 5.30%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.

 

As per the report of the National Institute of Health, in 2016, more than 1.9 billion adults were overweight, out of which 650 million were obese. It has also been reported that approximately 39% of adults were overweight and 13% were obese, in 2016. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.

 

According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, by the age of fifty, 85% of the population is likely to show evidence of disc degeneration. So, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

Scope of the Report

 

As per the scope of the report, the spinal surgery devices market is a significant, money-spinning sub-segment of the orthopaedic industry. Spine surgery has traditionally been an open surgery’, wherein, a long incision allows the surgeon to access the spine anatomy.

 

Key Market Trends

 

Spinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

 

In the device type segment of the spinal surgery devices market, spinal fusion is believed to have the largest market size and is expected to witness a CAGR of 5.05%, during the forecast period.

 

The spinal fusion device type is sub-segmented into instrumented and non-instrumented spinal fusion, cervical fusion, interbody fusion, and lumbar fusion. Many products in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied. A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. The share of the same is expected to increase over the forecast period, registering a healthy CAGR.

 

North America Dominates the Market and Expected to do the Same during the Forecast Period

 

North America currently dominates the market for spinal surgery devices and is expected to continue its stronghold for a few more years. The United States holds the largest share of the market. According to a survey conducted in the United States, by the National Centre for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. Moreover, in terms of surgery type, spinal fusion has a higher risk of infection and readmission to the hospital, and there is no evidence that it provides greater benefit to patients. However, its use increased by 67% among Medicare patients and is now more common than spinal decompression.

 

The US segment of the market studied is expected to grow, due to a general shift in the trend toward more minimally invasive surgeries in the spinal implant market, over the forecast period.

 

Competitive Landscape

 

The spinal surgery sevices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability. Companies, like Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc., hold substantial shares in the market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
4.2.2 Increasing Number of Technological Advances in Spinal Surgery
4.2.3 Increasing Incidences of Obesity and Degenerative Spinal Conditions
4.3 Market Restraints
4.3.1 Stringent Regulatory Process For New Product Approval
4.3.2 Expensive Treatment Procedures
4.3.3 Stringent Reimbursement Concerns
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.1.1 Corpectomy
5.1.1.2 Discectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
5.1.2.2 Cervical Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Lumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Styker Corporation
6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.4 Globus Medical Inc.
6.1.5 Alphatec Spine Inc.
6.1.6 Seaspine
6.1.7 Zimmer Holdings Inc.
6.1.8 SpineGuard SA
6.1.9 K2M Group Holdings Inc.
6.1.10 Nuvasive Inc.
6.1.11 Joimax GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Device Type
Spinal Decompression
Corpectomy
iscectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
5.1.2.2 Cervical Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Lumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Styker Corporation
6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.4 Globus Medical Inc.
6.1.5 Alphatec Spine Inc.
6.1.6 Seaspine
6.1.7 Zimmer Holdings Inc.
6.1.8 SpineGuard SA
6.1.9 K2M Group Holdings Inc.
6.1.10 Nuvasive Inc.
6.1.11 Joimax GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

We value your investment and offer free customization with every report to fulfil your exact research needs.

Market Overview

 

The global spinal surgery devices market was valued at USD 11,553.79 million in 2018, and is estimated to be valued at USD 15,769.46 million in 2024, witnessing a CAGR of 5.30%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.

 

As per the report of the National Institute of Health, in 2016, more than 1.9 billion adults were overweight, out of which 650 million were obese. It has also been reported that approximately 39% of adults were overweight and 13% were obese, in 2016. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.

 

According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, by the age of fifty, 85% of the population is likely to show evidence of disc degeneration. So, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

Scope of the Report

 

As per the scope of the report, the spinal surgery devices market is a significant, money-spinning sub-segment of the orthopaedic industry. Spine surgery has traditionally been an open surgery’, wherein, a long incision allows the surgeon to access the spine anatomy.

 

Key Market Trends

 

Spinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

 

In the device type segment of the spinal surgery devices market, spinal fusion is believed to have the largest market size and is expected to witness a CAGR of 5.05%, during the forecast period.

 

The spinal fusion device type is sub-segmented into instrumented and non-instrumented spinal fusion, cervical fusion, interbody fusion, and lumbar fusion. Many products in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied. A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. The share of the same is expected to increase over the forecast period, registering a healthy CAGR.

 

North America Dominates the Market and Expected to do the Same during the Forecast Period

 

North America currently dominates the market for spinal surgery devices and is expected to continue its stronghold for a few more years. The United States holds the largest share of the market. According to a survey conducted in the United States, by the National Centre for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. Moreover, in terms of surgery type, spinal fusion has a higher risk of infection and readmission to the hospital, and there is no evidence that it provides greater benefit to patients. However, its use increased by 67% among Medicare patients and is now more common than spinal decompression.

 

The US segment of the market studied is expected to grow, due to a general shift in the trend toward more minimally invasive surgeries in the spinal implant market, over the forecast period.

 

Competitive Landscape

 

The spinal surgery sevices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability. Companies, like Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc., hold substantial shares in the market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
4.2.2 Increasing Number of Technological Advances in Spinal Surgery
4.2.3 Increasing Incidences of Obesity and Degenerative Spinal Conditions
4.3 Market Restraints
4.3.1 Stringent Regulatory Process For New Product Approval
4.3.2 Expensive Treatment Procedures
4.3.3 Stringent Reimbursement Concerns
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.1.1 Corpectomy
5.1.1.2 Discectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
5.1.2.2 Cervical Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Lumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Styker Corporation
6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.4 Globus Medical Inc.
6.1.5 Alphatec Spine Inc.
6.1.6 Seaspine
6.1.7 Zimmer Holdings Inc.
6.1.8 SpineGuard SA
6.1.9 K2M Group Holdings Inc.
6.1.10 Nuvasive Inc.
6.1.11 Joimax GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

By Device Type
Spinal Decompression
Corpectomy
iscectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
5.1.2.2 Cervical Fusion
5.1.2.3 Interbody Fusion
5.1.2.4 Lumbar Fusion
5.1.3 Fracture Repair Devices
5.1.4 Arthroplasty Devices
5.1.5 Non-fusion Devices
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East & Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East & Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Medtronic PLC
6.1.2 Styker Corporation
6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.4 Globus Medical Inc.
6.1.5 Alphatec Spine Inc.
6.1.6 Seaspine
6.1.7 Zimmer Holdings Inc.
6.1.8 SpineGuard SA
6.1.9 K2M Group Holdings Inc.
6.1.10 Nuvasive Inc.
6.1.11 Joimax GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

We value your investment and offer free customization with every report to fulfil your exact research needs.

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Transradial Access Market – Growth, Trends, and Forecast (2019 – 2024)

Healthcare Published by: Mordor Intelligence Market: Afghanistan
112 pages Published: 07-06-2019
  • Healthcare
  • Mordor Intelligence
  • Afghanistan
  • 112 pages
  • Published: 07-06-2019

Market Overview

 

The Transradial Access Devices Market is growing because of increasing preference for interventional procedures using radial artery access, the growing prevalence of cardiovascular diseases and increasing use of radial access devices in pediatric patients.

 

There are various applications of transradial access procedure. It is used in the diagnosis of coronary artery diseases including diagnostic angiography, angioplasty, and percutaneous stenting. When a person suffers from chest pain, this procedure can determine the blockage in heart arteries. Furthermore, it also helps healthcare providers to determine a treatment plan. This test is called coronary angiography. If a patient has a known blockage in a coronary artery, cardiac catheterization can be administered using a technique called coronary angioplasty. A balloon is attached to the tip of the catheter. When the balloon is in place, it is inflated and presses the plaque to the side of the blood vessel, increasing blood flow through the artery.

 

It was found that transradial access reduces the risk of bleeding by over 70 percent even among high-risk group. All the various applications and advantages of the transradial access procedures are believed to fuel the growth of the market.

 

Scope of the Report

 

As per the scope of the report, Transradial access is required for a catherization procedure performed for the diagnosis and treatment of arterial diseases such as peripheral artery disease and coronary artery disease, among others.

 

Key Market Trends

 

Drug Administration is Expected to be the Fastest Growing Sub-Segment in the Application

 

The drug administration segment of the transradial access market is believed to grow faster during the forecast period. This is majorly due to the growing usage of vascular access devices over other devices especially for the treatment of infectious diseases and some of the life-threatening diseases such as Cancer. In addition, The rising prevalence of chronic diseases across the globe is another factor augmenting the growth of this segment.

 

North America Dominates the Market and is Expected to Follow the Same Trend for Few More Years

 

The North American market is likely to grow with the highest growth rate, owing to factors such as the growing prevalence of CVDs, a rising number of conferences and workshops, the large number of cancer patients, and increase in research and clinical trials for vascular access devices. APAC is also expected to show a substantial increase in CAGR since there is a huge population suffering from cardiovascular diseases.

 

Competitive Landscape

 

The transradial access market is competitive and is inclusive of the big players along with some of the local players in the market. Some of the key players of the market include Becton, Dickinson and Company, Boston Scientific Corporation, Edward Lifesciences Corporation, Medtronic plc, and Terumo Corporation.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Preference for Interventional Procedures Using Radial Artery Access

4.2.2 Growing Prevalence of Cardiovascular Diseases Due to Lifestyle Related Diseases

4.2.3 Growing Use of Radial Access Devices in Pediatric Patients

4.3 Market Restraints

4.3.1 High Costs Involved in the Placement and Maintenance of Vascular Access Devices

4.3.2 Lack of Trained Professionals

4.4 Porter’s Five Force Analysis

4.4.1 Threat of New Entrants

4.4.2 Bargaining Power of Buyers/Consumers

4.4.3 Bargaining Power of Suppliers

4.4.4 Threat of Substitute Products

4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By Product

5.1.1 Catheters

5.1.2 Guidewires

5.1.3 Sheaths and Sheath Introducers

5.1.4 Accessories

5.2 By Application

5.2.1 Drug Administration

5.2.2 Fluid and Nutrition Administration

5.2.3 Blood Transfusion

5.2.4 Diagnostics and Testing

5.3 By End User

5.3.1 Hospitals

5.3.2 Clinics and Ambulatory Care Centers

5.3.3 Others

5.4 Geography

5.4.1 North America

5.4.1.1 US

5.4.1.2 Canada

5.4.1.3 Mexico

5.4.2 Europe

5.4.2.1 Germany

5.4.2.2 UK

5.4.2.3 France

5.4.2.4 Italy

5.4.2.5 Spain

5.4.2.6 Rest of Europe

5.4.3 Asia Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 India

5.4.3.4 Australia

5.4.3.5 South Korea

5.4.3.6 Rest of Asia-Pacific

5.4.4 Middle East and Africa

5.4.4.1 GCC

5.4.4.2 South Africa

5.4.4.3 Rest of Middle East and Africa

5.4.5 South America

5.4.5.1 Brazil

5.4.5.2 Argentina

5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Ameco Medical

6.1.2 Angiodynamics, Inc.

6.1.3 Becton, Dickinson and Company

6.1.4 Boston Scientific Corporation

6.1.5 Edward Lifesciences Corporation

6.1.6 Medtronic plc

6.1.7 Merit Medical Systems

6.1.8 Nipro Medical Corporation

6.1.9 Oscor Inc

6.1.10 Smiths Medical

6.1.11 Teleflex Incorporated

6.1.12 Terumo Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

 

By Product

Catheters

Guidewires

Sheaths and Sheath Introducers

Accessories

 

By Application

Drug Administration

Fluid and Nutrition Administration

Blood Transfusion

Diagnostics and Testing

 

By End User

Hospitals

Clinics and Ambulatory Care Centers

Others

 

Geography

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia-Pacific

Middle East and Africa

GCC

South Africa

Rest of Middle East and Africa

South America

Brazil

Argentina

Rest of South America

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PICKLES MARKET: GLOBAL INDUSTRY TRENDS, SHARE, SIZE, GROWTH, OPPORTUNITY AND FORECAST 2019-2024

Food & Beverage Published by: IMARC GROUP Market: Afghanistan
108 pages Published: 04-08-2019
  • Food & Beverage
  • IMARC GROUP
  • Afghanistan
  • 108 pages
  • Published: 04-08-2019

The global pickles market reached a value of US$ 10.3 Billion in 2018. Pickles are a rich source of essential nutrients like vitamins, iron, calcium and potassium and possess anti-oxidant properties. They are prepared to preserve or extend the lifespan of a fruit, vegetable or a mix of both, by either anaerobic fermentation in brine or immersion in vinegar. They are known for a   wide range of health benefits, such as improving digestion, supplying essential minerals and vitamins and reducing ulcers. In recent years, the aggressive promotional activities by the manufacturers have increased the popularity of cross-cultural cuisine which, in turn, has helped in driving the demand for pickles worldwide.

 

Market Drivers:

 

In recent years, non-GMO and organic pickles have gained traction among health-conscious consumers. These products are made without preservatives and other synthetic chemicals which can have a negative impact on health. Moreover, the manufacturers are introducing new flavors as per the local tastes and preferences of consumers. The leading companies are also offering convenient and cost-effective packaging options for pickles to facilitate ease of use and on-the-go consumption. These packaging variants range from glass jars, PET jars and single-serve packs to stand-up and multi-layered coextruded pouches to polypropylene injection molded containers with flexible heat-sealable and peelable lids. According to IMARC Group, the market is projected to cross US$ 12.3 Billion by 2024, at a CAGR of 3% during 2019-2024.

 

Breakup by Type:

 

Fruit

Vegetable

Meat

Currently, fruits represent the most popular product type, holding the largest market share. Fruits including pears, peaches, apples, mangoes, grapes, currants, olives, etc. are majorly used to make pickles.

 

Breakup by Taste:

 

Sweet

Salty

Sour

The market has further been classified on the basis of tastes into sweet, salty and sour.

 

Breakup by Distribution Channel:

 

Supermarkets and Hypermarkets

Convenience stores

Independent retailers

Online

Others

Amongst these, supermarkets and hypermarkets represent the leading channel of distribution as they offer a wide variety of products from numerous brands to the consumers.

 

Regional Insights:

 

North America

Asia Pacific

Europe

Middle East and Africa

Latin America

Region-wise, North America enjoys the leading position in the global market. There has been a rise in the consumption of pickles in the region owing to their differentiating taste and flavor enhancing properties.

 

Competitive Landscape:

 

The competitive landscape of the market is fragmented in nature with numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

 

ADF Foods

Pinnacle Foods Inc.

Kraft Heinz

Del Monte Foods

Reitzel

 

 

Key Questions Answered in This Report:

  1.  
  2. How has the global pickles market performed so far and how will it perform in the coming years?
  3. What are the key regions in the global pickles market?
  4. Which are the popular product types in the global pickles market?
  5. What are the major distribution channels in the global pickles market?
  6. What are the several taste categories in the global pickles market?
  7. What are the various stages in the value chain of the global pickles market?
  8. What are the key driving factors and challenges in the global pickles market?
  9. What is the structure of the global pickles market and who are the key players?
  10. What is the degree of competition in the global pickles market?
  11. How are pickles manufactured?
1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Pickles Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Type
    5.4    Market Breakup by Taste
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6    Market Breakup by Type
    6.1    Fruit Pickles
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Vegetable Pickles
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Meat Pickles
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others
        6.4.1    Market Trends
        6.4.2    Market Forecast
7    Market Breakup by Taste
    7.1    Sweet Pickles
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Salty Pickles
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Sour Pickles
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Convenience Stores
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Independent Retailers
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Online Stores
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Asia Pacific
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Europe
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    Pickles Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11    Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    ADF Foods
            11.3.1.1    Company Overview
            11.3.1.2    Description
            11.3.1.3    Product Portfolio
            11.3.1.4    Financials
        11.3.2    Pinnacle Foods Inc.
            11.3.2.1    Company Overview
            11.3.2.2    Description
            11.3.2.3    Product Portfolio
            11.3.2.4    Financials
        11.3.3    Kraft Heinz
            11.3.3.1    Company Overview
            11.3.3.2    Description
            11.3.3.3    Product Portfolio
            11.3.3.4    Financials
        11.3.4    Del Monte Foods
            11.3.4.1    Company Overview
            11.3.4.2    Description
            11.3.4.3    Product Portfolio
        11.3.5    Reitzel
            11.3.5.1    Company Overview
            11.3.5.2    Description
            11.3.5.3    Product Portfolio

Market Breakup by Type

  1. Fruit Pickles
  2. Vegetable Pickles
  3. Meat Pickles
  4. Others

Market Breakup by Taste

  1. Sweet Pickles
  2. Salty Pickles
  3. Sour Pickles

Market Breakup by Distribution Channel

  1. Supermarkets and Hypermarkets
  2. Convenience Stores
  3. Independent Retailers
  4. Online Stores
  5. Others

Market Breakup by Region

  1. North America
  2. Asia Pacific
  3. Europe
  4. Middle East and Africa
  5. Latin America
  •  
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AC DRIVES MARKET: GLOBAL INDUSTRY TRENDS, SHARE, SIZE, GROWTH, OPPORTUNITY AND FORECAST 2019-2024

Energy & Mining Published by: IMARC GROUP Market: Afghanistan
104 pages Published: 04-08-2019
  • Energy & Mining
  • IMARC GROUP
  • Afghanistan
  • 104 pages
  • Published: 04-08-2019

The global AC drives market reached a value of US$ 18.9 Billion in 2018. AC drives are used for regulating the velocity of electric motors and function by fluctuating the frequency, magnetic flux and voltage in the motor’s circuit. They are used to achieve effective control over the motor’s speed and reduce energy consumption. Owing to this, they are employed across the oil and gas, power generation, building automation, food and beverage, and metals and mining sectors. Looking forward, the market is further projected to reach a value of around US$ 26.8 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

 

Market Drivers:

 

The low energy consumption of AC drives is one of the prime factors that is driving the growth in the market. They adopt energy saving techniques which avoid strain on natural resources and offer a greater return on investment and efficiency. The use of these devices also reduces disturbances in the power supply and lowers carbon dioxide emissions.

Rapid industrialization and urbanization have increased the demand for automated and motor-driven equipment, in turn, escalating the sales of AC drives worldwide. Additionally, improving standards of living have catalyzed the development of modern infrastructure which has further contributed to the growth of the market.

The low production cost of AC drives coupled with an increase in electricity prices has bolstered their sales. Since these drives consume a minimal amount of electricity, require less maintenance and are easy to use, they are being preferred by manufacturers across the globe for use in motor-driven equipment.

The increasing popularity of industrial Internet of Things (IoT), along with the usage of cloud computing, mobile communications and web technologies for controlling and maintaining these drives, is also expected to create a positive impact on the growth of the market.

 

IMARC Group’s latest report provides a deep insight into the global AC drives market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global Ac drives market in any manner

 

Report Coverage:

 

Historical, Current and Future Market Trends

 

Breakup by Power Rating:

 

Low Power Drives (<40 kW) 

Medium Power Drives (41 kW – 200 kW)

High Power Drives (>200 kW)

 

Breakup by Voltage:

 

Low Voltage

Medium Voltage

 

Breakup by Application:

 

Pumps

Fans

Compressor

Conveyors

Extruders

Others

 

Breakup by End-Use:

 

Food and Beverage

Water and Wastewater

HVAC

Oil and Gas

Power

Metal Processing

Chemicals

Others

 

Breakup by Region:

 

North America

Europe

Asia Pacific

Middle East and Africa

Latin America

 

Competitive Landscape:

 

The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd, Danfoss Group, Schneider Electric Se, Siemens AG. Mitsubishi Electrical Corporation, Fuji Electric Co. Ltd., Emerson Electric Co., Hitachi Ltd, Parker Hannifin Corporation, Rockwell Automation,Inc., Toshiba International Corporation, WEG SA, Yaskawa Electric   Corporation, etc.

 

Key Questions Answered in This Report:

  1.  
  2. How has the global AC drives market performed so far and how will it perform in the coming years?
  3. What are the key regional markets in the global AC drives industry?
  4. What is the breakup of the global AC drives market on the basis of power rating?
  5. What is the breakup of the global AC drives market on the basis of voltage?
  6. What is the breakup of the global AC drives market on the basis of application?
  7. What is the breakup of the global AC drives market on the basis of end-use?
  8. What are the various stages in the value chain of the global AC drives market?
  9. What are the key driving factors and challenges in the global AC drives market?
  10. What is the structure of the global AC drives market and who are the key players?
  11. What is the degree of competition in the global AC drives market?
1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global AC Drives Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Power Rating
    5.4    Market Breakup by Voltage
    5.5    Market Breakup by Application
    5.6    Market Breakup by End-Use
    5.7    Market Breakup by Region
    5.8    Market Forecast
6    Market Breakup by Power Rating
    6.1    Low Power Drives (<40 kW)
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Medium Power Drives (41 kW – 200 kW)
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    High Power Drives (>200 kW)
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Voltage
    7.1    Low Voltage
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Medium Voltage 
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Application
    8.1    Pumps
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Fans
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Compressor
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Conveyors
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Extruders
        8.5.1    Market Trends
        8.5.2    Market Forecast
    8.6    Others
        8.6.1    Market Trends
        8.6.2    Market Forecast
9    Market Breakup by End-Use
    9.1    Food and Beverage
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Water and Wastewater 
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    HVAC
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Oil and Gas
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Power
        9.5.1    Market Trends
        9.5.2    Market Forecast
    9.6    Metal Processing 
        9.6.1    Market Trends
        9.6.2    Market Forecast
    9.7    Chemicals
        9.7.1    Market Trends
        9.7.2    Market Forecast
    9.8    Others
        9.8.1    Market Trends
        9.8.2    Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Europe
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11    Global AC Drives Industry: SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1     Overview
    13.2     Bargaining Power of Buyers
    13.3     Bargaining Power of Suppliers
    13.4     Degree of Competition
    13.5     Threat of New Entrants
    13.6     Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd   
        15.3.2    Danfoss Group 
        15.3.3    Schneider Electric Se 
        15.3.4    Siemens AG 
        15.3.5    Mitsubishi Electrical Corporation
        15.3.6    Fuji Electric Co. Ltd. 
        15.3.7    Emerson Electric Co.
        15.3.8    Hitachi Ltd
        15.3.9    Parker Hannifin Corporation
        15.3.10      Rockwell Automation,Inc.
        15.3.11      Toshiba International Corporation 
        15.3.12      WEG SA 
        15.3.13      Yaskawa Electric Corporation 

Market Breakup by Power Rating 

  1. Low Power Drives (<40 kW) 
  2. Medium Power Drives (41 kW – 200 kW) 
  3. High Power Drives (>200 kW) 

Market Breakup by Voltage 

  1. Low Voltage 
  2. Medium Voltage  

Market Breakup by Application 

  1. Pumps 
  2. Fans 
  3. Compressor
  4. Conveyors 
  5. Extruders 
  6. Others

Market Breakup by End-Use 

  1. Food and Beverage 
  2. Water and Wastewater  
  3. HVAC
  4. Oil and Gas
  5. Power 
  6. Metal Processing  
  7. Chemicals
  8. Others 

Market Breakup by Region 

  1. North America 
  2. Europe 
  3. Asia Pacific 
  4. Middle East and Africa
  5. Latin America
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