The global anterior cervical fixation devices market is forecast to grow at a CAGR of 1.54% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the key trends for market growth will be increase in outsourcing activities by OEMs. Intense competition and the high price of raw materials are increasing the cost burden on OEMs. Also, they are under pressure from insurance companies, governments, and hospitals to keep the price of their products constant.
To survive in this competitive environment, manufacturers have to adopt a strategy to minimize development cost and shorten product development time, with decreased time-to-market. Also, vendors try to reduce the cost of investment in facilities, labor, and equipment that tie up capital. Therefore, these manufacturers outsource implant production to small and medium-sized contract manufacturer vendors, especially in APAC. Outsourcing offers time-sensitive, low-cost, and high-quality products.
According to the report, one of the key drivers for market growth will be increased use of surface-modified titanium in fixation systems. Use of titanium to manufacture cervical implants has increased in the recent years. Spinal implants such as screws, plates, single-piece fixation systems, and bolts are being manufactured with titanium over stainless steel. A new class of titanium implants with nano-roughened (micron-level) surface modifications are being used to induce greater osteoblast differentiation of stem cells than PEEK.
These implants are strong, lightweight, and allow for better computed tomography (CT) and MRI imaging after implantation with minimum interference. Also, titanium implants maintain a porous structure on the inner surfaces promoting the integration of bone for enhanced fusion and retroserrated toothing on the caudal and cranial surfaces of the implant, providing adequate primary stability. Hence, growing use of titanium in fixation systems will drive the growth of the anterior cervical fixation devices market.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- lobus Medical
- Johnson & Johnson
- Zimmer Biomet
- Accel Spine
- Alliance Spine
- Alphatec Spine
- Apollo Spine
- Ascendx Spine
- Back 2 Basics Spine
- Captiva Spine
- Centinel Spine
- Choice Spi
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Reimbursement scenario
PART 06: Market landscape
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/b7872n/global_anterior
Research and Markets
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SOURCE Research and Markets