Medtronic and Depuy Synthes Battle For Top Spot in the $5.5 Billion Spinal Implant Market
Vancouver, BC (PRWEB) December 16, 2014 -- According to a newly published report by iData Research (http://www.idataresearch.com), the U.S. spinal implant market is expected to reach over $6 billion by 2021. Growth is driven by the vast array of new devices in already established markets, most notably the motion preservation market.
Motion preservation devices represent an exciting and often controversial segment of the spinal implant market. The segment is divided into the following categories: artificial discs, dynamic stabilization devices, nucleus replacement devices, annular repair devices and facet arthroplasty implants. The fastest growing segment within motion preservation devices was the artificial disc market. In 2014, this segment experienced the highest number of procedures performed, with a double-digit growth rate.
As motion preservation devices continue to gain popularity among surgeons, the market will see strong growth over the forecast period. The growing acceptance of motion preservation and minimally invasive spine devices will have a cannibalizing effect on the traditional spine market.
Motion preservation devices are used for treating pathologies similar to those that spinal fusion procedures address. However, unlike spinal fusion, motion preservation devices act to preserve the natural motion of the spine. “Some motion preservation devices are used for treating pathologies that were previously untreatable using traditional fusion procedures, thus creating new markets for spinal implants,” says Dr. Kamran Zamanian, CEO of iData.
Emerging technologies, including innovative devices and new surgical techniques such as those designed to improve spinal fusion procedures or those offering viable alternatives, will help drive the spinal implant market. However, the majority of motion preservation devices are still in development or are awaiting market approval from the FDA. Devices classified as motion preserving represent the bulk of technological innovation, and are expected to drive the market.
Medtronic leads every U.S. spinal implant market with the exception of the markets for motion preservation and cervical fixation. Depuy Synthes has become a contending competitor and leads the cervical fixation and motion preservation markets. Other key and notable competitors include Stryker Spine, LDR Medical, Globus Medical and Zimmer Spine.
For More Information
The 2015 edition report published by iData entitled “U.S. Market for Spinal Implants and VCF” covers the following market segments:
Cervical Fixation Market
Thoracolumbar Fixation Market
Traditional And MIS Interbody Fusion Markets
Motion Preservation Device Market
Vertebral Compression Fracture Market
Spinal Electrical Stimulation Device Market
The global series on the spinal implant and VCF markets covers 25 countries including the U.S., Mexico, Brazil, Argentina, China, Taiwain, Japan, South Korea, Australia, and 15 countries in Europe. U.S. Minimally Invasive Spinal Implant Market – 2015 is also available
Full reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment.
Register online or email us at info(AT)idataresearch.net for a U.S. Markets for Spinal Implants and VCF – 2015 brochure and synopsis.
About iData Research
iData Research (http://www.idataresearch.com) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Diabetes Drugs, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more.
Caroline Lau, iData Research, http://www.idataresearch.com, +1 604-266-6933 Ext: 215, [email protected]
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