The French spinal surgery devices market studied is anticipated to record a CAGR of 5.13%, during the forecast period. The major factors attributing to the growth of the French spinal surgery devices market are advancements in technology in spinal surgery equipment, growing aging and obese populace with an increasing number of spinal deformities, and increasing demand for non-invasive spinal surgery procedures. Approximately 170,000 people fall victim to spinal cord injury every year in France. Nearly 10,000 of them continue to have life-long impairments, including tetraplegia or paraplegia in the specific instance of spinal injury. With an evolving lifestyle and food consumption methods in the country, such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations due to increased obesity, which may further boost the market growth of the devices during the forecast period.
Key Market Trends
Spinal Fusion Segment is Expected to Hold Significant Share in the French Spinal Surgery Devices Market
Spinal fusion is estimated to have the largest market share in the device category segment of the market for spinal surgery devices and is expected to experience a healthy CAGR during the forecast period. The type of spinal fusion device is majorly sub-segmented into cervical fusion, interbody fusion, and thoracolumbar fusion. Several products in the market offer traditional yet better treatments for patients with lumbar spinal stenosis, along with alternative advanced treatments for spinal decompression. The key market competitors manufacture complex stabilizing tools for the lumbar spine for both anterior and posterior. In fact, there are many clinical trials ongoing for further advancement. This component may likely offer multiple benefits in terms of market growth during the forecast period.
The French spinal surgery devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the country. Some of the companies that are currently dominating the market are Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic PLC, and Globus Medical.
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