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[ 英語タイトル ] India Spinal Fusion Devices Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDHC0082238
Survey : Mordor Intelligence
Publish On : February, 2021
Number of Pages : 70
Category : Healthcare and Pharmaceuticals
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3250 / Question Form
5 User USD3750 / Question Form
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 - DePuy Synthes Companies (Johnson and Johnson)

- Globus Medical Inc.

- Matrix Meditec Pvt Ltd

- Medtronic PLC

- S.H. Pitkar Orthotools Pvt Ltd

- Zimmer Biomet Holdings, Inc.

[Report Description]

The major factors responsible for the growth of the Indian spinal fusion devices market include growing geriatric population in India, rising incidences and prevalence of spinal problems, and rising medical tourism. These factors are also expected to contribute to the growth of this market during the forecast period.

India has an increasing prevalence of spine disorders, and according to the World Spine Day 2017 Insights Report, every fifth Indian in the age of 20-30 years suffers from various type of spinal ailments.

AOSpine, one of the world’s leading spine societies, has stated that India witnesses more than 200,000 cases of spinal injuries each year, among which, 30,000 are related to spinal cord injury and paralysis of various degrees.

The cities that are affected by spine problems are New Delhi, Mumbai, Bengaluru, and Pune. A survey conducted by the QI Spine Clinic during the year 2017 has indicated that 46% of Bengaluru’s population in the age-group of 16-34 years reported spinal issues, and this makes it the city with the highest number of problems among the four cities. Bengaluru is followed by Delhi at 43%, Mumbai at 41%, and Pune at 38%. There were 20,000 people who were surveyed to understand the overall number of people suffering from spinal ailments in the major cities.

Medical tourism is further a major driving factor for the spinal fusion devices market. In India, the prices of the spinal fusion devices and the respective spinal surgeries are low, as compared with the other countries. Thereby, numerous patients are travelling from across the world to India for treatment and spinal surgeries.

Key Market Trends



Minimally Invasive Spine Surgery by Surgery Segment is Expected to Grow with the Healthy Growth Rate During the Forecast Period

The minimally invasive spine surgery segment is expected to be fastest-growing segment, owing to the benefits associated with the surgery, such as reduction in blood loss during or after surgery, reduced post-operative pain and risk of infection, reduced risk of muscle and tissue damage (since there is less or no muscle cutting required), and others. Thus, because of these benefits, a higher number of people are opting for minimally invasive spinal surgeries. Surgeons can perform various types of spine surgery procedures using minimally invasive methods, such as spinal fusion, decompression, interbody cage fusion, discectomy and microdiscectomy, laminotomy, and laminectomy, among others.

Competitive Landscape



The Indian spinal fusion devices market is dominated by a few major players. These enterprises are already competitors and the existing players are competing with each other on various fronts, such as the introduction of new products, increasing geographical penetration, and enhancing distribution channel. The high competition is expected to drive the merger and acquisition activity, thereby, leading to market consolidation in a few business segments.

Reasons to Purchase this report:



- The market estimate (ME) sheet in Excel format
- 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 Growing Aging Population in India
4.2.2 Rising Incidences and Prevalence of Spinal Problems
4.2.3 Rising Medical Tourism
4.3 Market Restraints
4.3.1 Stringent Regulatory Issues
4.3.2 Reimbursement Issues
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
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Cervical Fusion Device
5.1.2 Thoracic Fusion Device
5.1.3 Lumbar Fusion Device
5.2 By Surgery
5.2.1 Open Spine Surgery
5.2.2 Minimally Invasive Spine Surgery

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 DePuy Synthes Companies (Johnson and Johnson)
6.1.2 Globus Medical Inc.
6.1.3 Matrix Meditec Pvt Ltd
6.1.4 Medtronic PLC
6.1.5 S.H. Pitkar Orthotools Pvt Ltd
6.1.6 Zimmer Biomet Holdings, Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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