|Market Research A to Z | Company Profiles A to Z | Register | Contact Us | Shopping Basket|
|+44 (0) 203 086 8600 Call us on|
The global spinal surgery market has been forecast to increase at a compound annual growth rate (CAGR) of 4% over the next six years, increasing from a valuation of $6.5 billion in 2011, to hit a market value of $8.7 billion in 2018.
The market can be divided into four segments -- fusion, nonfusion, vertebral compression fracture treatment products and spine biologics. An aging population with increasing demand combined with technological innovations is fuelling the demand for such tools.
Motion-preservation techniques in spinal non-fusion procedures are predicted to be the next big thing in spinal surgery, and have seen enhanced adoption rates over the last few years.
Following developments in the understanding of spinal physiology, anatomy and spinal biomechanics, innovative techniques can now maintain spinal mobility while treating spinal degeneration, and a number of manufacturers have developed motion-preserving devices to exploit this growing trend.
Spinal non-fusion technology is experiencing rapid advances, with advanced technologies leading to the introduction of new devices, such as artificial disc replacement (ADR), dynamic stabilisation and Interspinous Process Decompression (IPD) devices.
Medtronic, Inc. dominates the global spinal surgery devices market with a market share of 34%. DePuy, Inc. and Synthes, Inc. are the other leading players with market shares 13% and 12% respectively. Medtronic dominates the market due to their broad portfolio of products in spinal fusion devices such as the Prestige Cervical Disc, the CD Horizon Legacy Spinal System, the LT-Cage Device and the X-Stop Spacer.
In contrast, minimally invasive spinal surgery (MISS) techniques allow surgery to be performed with advanced devices such as endoscopes, lasers and sophisticated computer-aided navigation systems, requiring an incision of only 2cm. MISS consequently brings down the overall cost of treatment, as it reduces costs associated with prolonged hospital stays and continuous use of pain medication.
For more information on the spinal surgery market, see the latest research: Spinal Surgery Market
Follow us on Twitter @CandMResearch
Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support
Use our skills and global network of researchers and consultants to help find and source the business information you need.
Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.
Sometimes we can even find the information you require for free.
We are offering our clients substantial savings on the best research available during June. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.