Although the COVID-19 pandemic has significantly impacted the European spinal implant market in the short term, other factors will continue to drive market growth over the forecast period. These include physician training, a growing elderly population, and improving health care access in rural regions. However, downward pricing pressure resulting from hospital budget constraints and implant commoditization will limit overall market potential, even as favorable demographic trends support procedure volume growth.
This Medtech 360 Report provides comprehensive data and analysis on the current state of the market for spinal implants in Europe across a 10-year period.
The COVID-19 pandemic is having a significant impact on markets for devices used in elective procedures, including spinal implants.
How are procedure volumes in different segments of the market being affected by the crisis?
What strategies are companies implementing to mitigate risk and manage uncertainty?
The competitive landscape in Europe is shaped to a large extent by pricing and budgetary pressures in the challenging European economic climate.
What unique competitive strategies are being practiced by both large and smaller competitors?
What differences exist between the countries in the region, and how does that affect competitors in the spinal implant market?
There is a strong shift toward contract manufacturing and outsourcing in the European spinal implant market.
How are outsourcing and contract manufacturing impacting the spinal implant market in Europe?
How are manufacturers leveraging these strategies and what impact will this have on their positions in this market?
Technological innovation is expanding the total pool of patients willing and able to undergo spinal implant procedures.
What kinds of technologies will impact the spinal implant market in Europe going forward?
How will trends in manufacturing impact functional outcomes and surgeon preference for implant brands?
How is 3-D printing affecting the choice of materials for IBDs?
- Spinal Implants - Market Insights - Europe
Author(s): Swarnadip Dutta, MBA
Swarnadip Dutta is a team lead within the Orthopedics, Dental, and Aesthetics Medtech Insights team at Decision Resources Group, specializing in the fields of dental implants, joint reconstruction, and craniomaxillofacial devices. Swarnadip holds a Master's degree in Bioinformatics and Biotechnology from SRM University, an MBA in Operations Management, and a Six Sigma Green Belt certification from the Indian Statistical Institute.
Follow Swarnadip on Twitter: @Swarnadip_DRG.