Increase in the number of spinal surgeries owing to a rise in diseases such as arthritis, osteoarthritis, rheumatoid arthritis, diabetes, trauma, spondylolisthesis, kyphosis, degenerative disc disease, and others is a critical driver of the global spinal washer market.
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|Based on material of construction||
|Based on types||
|Based on end users||
Growth in the number of diseases is driven by an increase in risk factors such as poor diet, sedentary lifestyle, excess weight, occupations with high levels of stress, and early menopause, among others. According to Centers for Disease Control and Prevention, osteoarthritis affects over 30 million adults in the U.S.
Technological advancements in spinal washers, such as improvements in the design & development of inert materials & coatings to combat implant-based trauma and avoid biological rejection, has accelerated the growth of the spinal washer market. Moreover, advancements in bio-friendly materials with lower coefficient of friction and fusion are driving the adoption of spinal washers.
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Technological advancements are being complimented by complementary diagnostic imaging technologies, such as computed tomography, computer-assisted image-guidance navigation technology, and magnetic resonance imaging, among others, which has resulted in greater confidence and an increase in the number of procedures performed.
The development of customized and individualized spinal washers based on the anatomy of the patient is driving the market owing to greater satisfaction. Growth-sparing washers for children with incomplete skeletal maturity has resulted market growth.
However, high cost of procedures, highly invasive nature of the operation with concurrent risk of infection & rejection, and thrombosis during surgery are some of the factors restraining the growth of the spinal washer market. In addition, the scarcity of trained manpower and specialty hospitals, coupled with the poor per capita income of developing regions, are also hampering the growth of the spinal washer market.
Other risks include persistent pain or stiffness after surgery, which occur in 12 to 25% of patients, and failure in case of approximately 3% of patients.
Some of the major players operating in the global Spinal washer market are Zimmer Biomet, DePuy Synthes (Johnson & Johnson), B. Braun Melsungen AG, Orthofix Holdings, Inc., Wenzel Spine, Inc., Spineart and others. Collaboration between players and strategic business partnership is the most attractive strategy which can yield a premium. Thus, partnership with large hospitals and payers is a neglected strategy which can yield dividend owing to faster adoption and lower cost.
The global spinal washer report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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