Factors driving the demand for spine surgery devices are the increasing incidences of spinal deformities such as disc compression amongst the aging population in the European region, and the popularity of non-fusion devices such as artificial spinal disc and nucleus. The increasing demand from aging population, along with the advancements in medical technology (minimally invasive techniques and biologics), is driving the demand for the spine surgery device market in this region. According to 2014 census, the number of people of age 65 and above in Germany, Italy, the U.K., France, and Spain together was 61,806,942.
The spine surgery devices market is broadly segmented into two classes, namely, fusion and non-fusion. The spinal fusion devices market was the largest segment of the overall Europe spine surgery devices market in 2014. Spinal fusion category can be divided into cervical fusion and thoraco-lumbar fusion. Cervical fusion and thoraco-lumbar fusion can be further segmented into spinal plating systems, pedicle screw systems, and others. Non-fusion segment consists of motion preservation technologies such as dynamic stabilization devices, interspinous process decompression (IPD) devices, cervical total disc replacement, and lumbar total disc replacement.
The Europe spine surgery devices market is a competitive market with a number of market players. The key market players, such as Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Inc. (U.S.), Medtronic Plc (U.S.), Alphatec Spine, Inc. (U.S), NuVasive Inc. (U.S.), Integra LifeSciences Holdings Corporation (U.S.), Orthofix International N.V. (U.S), Globus Medical Inc. (U.S), LDR Holding Corporation (U.S), K2M Inc. (U.S.), and B. Braun Melsungen (Germany) emphasize upon research & development of spinal & joint replacement techniques and products. This era of orthopedics can be termed as an era of mechanized solutions, where developments in mechanical devices are prioritized by most of these companies. New product launches and mergers & acquisitions are the major strategies adopted by most market players to achieve growth in the Europe spine surgery devices market.
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