South Africa Spinal Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.89 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Spinal Surgery Devices Market Analysis
The South Africa spinal surgery devices market will show a rapid growth due to increasing incidences of degenerative spinal conditions and technological advances in spinal surgery.
The major factors driving the growth of the market in South Africa are the increasing cases of spinal injuries and the presence of organizations, such as SASCA and South African Spine Society. The South African Spine Society is an independent professional organization of medical and complementary health personnel that helps to promote continuing medical education for healthcare professionals and disseminate knowledge on spine-related disorders. Thus, the presence of this type of organizations is expected to create awareness among the population.
There are also various technological advances that have been done in the spinal surgeries since the last decade. The recent advancements include spinal navigation technology that allows surgeons to place the spinal instrumentation accurately and perform the decompression procedure. These technological advancements and adoption of novel technologies is increasing in South Africa, which is driving the spinal surgery devices market.
South Africa Spinal Surgery Devices Market Trends
This section covers the major market trends shaping the South Africa Spinal Surgery Devices Market according to our research experts:
Spinal Fusion is Expected to Hold its Highest Market Share in the Device Type Segment
The spinal fusion devices in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied.
South Africa Spinal Surgery Devices Industry Overview
The South Africa spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability.
South Africa Spinal Surgery Devices Market Leaders
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Medtronic PLC
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Styker Corporation
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Depuy Synthes Spine Inc. (Johnson & Johnson)
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Globus Medical Inc.
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Zimmer Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
South Africa Spinal Surgery Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Cases of Spinal Injuries
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4.2.2 Technological Advances in Spinal Surgery
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4.3 Market Restraints
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4.3.1 Stringent Regulatory Process for New Product Approval
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Device Type
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5.1.1 Spinal Decompression
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5.1.1.1 Corpectomy
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5.1.1.2 Discectomy
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5.1.1.3 Laminotomy
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5.1.1.4 Others
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5.1.2 Spinal Fusion
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5.1.2.1 Cervical Fusion
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5.1.2.2 ThoracoLumbar Fusion
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5.1.2.3 Other Spinal Fusions
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5.1.3 Fracture Repair Devices
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5.1.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Medtronic PLC
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6.1.2 Styker Corporation
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6.1.3 Johnson and Johnson
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6.1.4 Globus Medical Inc.
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6.1.5 Orthofix Holdings Inc.
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6.1.6 Zimmer Biomet Inc.
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6.1.7 Marcus Medical
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Africa Spinal Surgery Devices Industry Segmentation
As per the scope of the report, the spinal surgery devices market is a significant, money-spinning sub-segment of the orthopedic industry. Spine surgery has traditionally been an 'open surgery', wherein, a long incision allows the surgeon to access the spine anatomy. Spine surgery is one of the fast-growing surgical techniques. It has evolved into one of the major segments of the orthopedic industry.
| By Device Type | ||||||
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| Fracture Repair Devices | ||||||
| Others |
South Africa Spinal Surgery Devices Market Research FAQs
What is the current South Africa Spinal Surgery Devices Market size?
The South Africa Spinal Surgery Devices Market is projected to register a CAGR of 5.89% during the forecast period (2024-2029)
Who are the key players in South Africa Spinal Surgery Devices Market?
Medtronic PLC, Styker Corporation, Depuy Synthes Spine Inc. (Johnson & Johnson), Globus Medical Inc. and Zimmer Holdings Inc. are the major companies operating in the South Africa Spinal Surgery Devices Market.
What years does this South Africa Spinal Surgery Devices Market cover?
The report covers the South Africa Spinal Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Spinal Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Africa Spinal Surgery Devices Industry Report
Statistics for the 2024 South Africa Spinal Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Spinal Surgery Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
