Thoracolumbar Spine Devices Industry Thoracolumbar Spine Devices Industry | Page 2

(MIS), open surgery, and others could classify thoracolumbar spine devices in the forecast period. The
minimally invasive surgery (MIS) sector accounted for the substantial market share of thoracolumbar spine
devices and is estimated to lead the overall market in the years to come. The reason could be short hospital
stay and fast recovery. Stainless steel, titanium, and the other materials could be explored in thoracolumbar
spine devices in the forecast period. Corpectomy, discectomy, facetectomy, laminotomy, foraminotomy, and
other procedure types could be explored in thoracolumbar spine devices in the forecast period.
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The market may be categorized based on end-users like ambulatory surgical centers (ASCs), specialty clinics,
hospitals, and others that could be explored in thoracolumbar spine devices in the forecast period. The
hospital sector accounted for the substantial market share of thoracolumbar spine devices and is estimated
to lead the overall market in the years to come. The reason could be the high flow of patients and the positive
influence of spine surgeries on thoracolumbar stabilization devices. In addition, ASCs sector is estimated to
grow at the fastest pace in the years to come.
Globally, North America accounted for a substantial market share of thoracolumbar spine devices and is
estimated to lead the overall market in the years to come. The reason behind the overall market growth
could be the developed healthcare infrastructure and the presence of key manufacturers. The United States
is a major consumer of thoracolumbar spine devices in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the presence of a
large patient pool, developing healthcare infrastructure, and growing awareness among populace regarding
spine disorders. The developing countries like India and China are the major consumers of thoracolumbar
spine devices in this region.
The key players of the thoracolumbar spine devices market are Zimmer Biomet, DePuy Synthes, Stryker,
Globus Medical, NuVasive, and Medtronic. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
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