The Germany spinal surgery devices market has been witnessing a CAGR of 5.16%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.
As per the report published by OECD "The Heavy Burden of Obesity", 2019, one in every four adults in Germany are obese. As a result, it reduces germans lives on average 2.6 years less due to overweight. These numbers are further expected to increase with changing lifestyles and food consumption methods in developed countries. Along with a likely increase in spinal problems in obese populations, owing to an increase in obesity, the degenerative spinal conditions are also expected to increase.
Also, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is also expected to increase during the forecast period.
Key Market Trends
Corpectomy by Spinal Fusion device type is Expected to Hold the Highest Market Share in the Device Type Segment
Corpectomy refers to the surgical procedures that remove damaged vertebrae and intervertebral discs that compress the spinal nervous system. The procedure involves surgical removal of vertebra from the cervical spine, which is located near the neck, and is therefore also called as anterior cervical corpectomy. Cervical corpectomy is performed for patients suffering from degenerative cervical spine. The degenerative changes in the cervical spine result in the formation of bony projections and herniated discs.
The market players present in the given segment offers wide range of technology advanced product which further bolster the demand of the devices. For instance, Stryker corporation offers Capri Cervical 3D Expandable Corpectomy Cage System for stabilization of the spine as well as Medtronic offers T2 Altitude Expandable Corpectomy. Thus, availability of such technologically advanced products will fuelled the segment growth.
The Germany spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with the increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability. Companies, like Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc., hold substantial shares in the market.
segmented by Device Type