Global Spinal Surgery Market to Reach US$9.3 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Spinal Surgery market. The global market for Spinal Surgery is projected to reach US$9.3 billion by the year 2017, driven by the rising incidences of chronic back pain, an aging population, and increased awareness levels. In addition, introduction of advanced technologies and adoption of new technologies by surgeons and patients is expected to fuel market growth.

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Spinal Surgery: A Global Strategic Business Report

San Jose, California (PRWEB) November 18, 2011

Follow us on LinkedIn – Spinal surgery, a fusion of orthopedic surgery and neurosurgery, refers to surgical procedures performed for the treatment of spinal disorders associated with vertebrae, discs or lumbar spine. Spinal disorders may include tumors, trauma, spinal deformity and degenerative disc diseases. Spinal surgery is a popular back pain treatment that has been in practice for several years. Surgery is recommended for patients suffering from back or neck spinal pain only when all conventional therapies such as physical therapy, exercise, traction, bed rest, braces and steroid and non-steroid anti-inflammatory medications have failed. Continuous rise in the number of spinal procedures being performed globally each year offers substantial growth opportunities for the spinal surgical devices market. Aging population has been a major factor contributing to the unprecedented growth of orthopedics market, specifically in the area of implants. With over 3.0 million spinal procedures performed globally each year, the market for spinal implants is expected to witness substantial growth. The market is expected to grow significantly in future primarily driven by rapid rise in number of patients suffering from chronic back pain, influx of advanced technologies and enhanced awareness and adoption of new technologies by surgeons and patients.

As stated by the new market research report on Spinal Surgery, the US continues to remain the single largest regional market. The total number of spinal procedures in the US is forecast to grow at a significant pace, attributed to the growth in fusion procedures supported by innovative products, and availability of advanced minimally invasive technologies. Asia Pacific market is expected to register a CAGR of 9.0% over the analysis period, owing to factors such as rising awareness about treatment of spinal disorders, increasing income levels, rising obese population and rise in spinal injury cases due to increased use of machinery and motor vehicles.

Spinal fusion and spinal fixation devices, backed by sufficient clinical data, continue to dominate the spinal surgery market. Spinal Fixation Devices represent the largest product segment, while the relatively mature Spinal Fusion Devices segment is forecast to grow at the fastest growing compounded annual rate of 8.2% over the analysis period. Spinal fusion has been losing share to motion preservation technologies such as dynamic stabilization, nuclear arthroplasty, artificial discs, prosthetic disc nuclei devices, and facet fixation, due to complications resulting in poor quality of life for patient. A major disadvantage associated with spinal fusion is that it immobilizes the spine movement. On the contrary, majority of baby boomers and younger patients suffering from spinal disorders demand therapies and devices that preserve spinal mobility. Additionally the option of spinal fusion as a final resort also remains open with motion preservation devices. Thus several medical device producers are engaged in developing and manufacturing motion preservation devices for facilitating active lifestyle to patients.

Artificial intervertebral disc are emerging as an ideal alternative to spinal fusion for Degenerative Disc Disease (DDD) treatment. While spinal fusion involves immobilization for offering pain relief, artificial intervertebral discs, subsequent to removal of the affected disc, preserve motion at operative level. Moreover spinal fusion requires bone graft and thereby gives rise to pseudo arthritis, bone graft donor site pain and other such complications.

Given the ongoing technological innovations and each player vying for a larger market share, the global spinal surgery market is characterized by strong competition. Competition in the market has intensified further with a series of product launches and augmented focus of companies on research and development activities. Major players in the marketplace include Alphatec Spine Inc., ArthroCare Corporation, Biomet, Inc., Depuy Spine Inc., Exactech Inc., Medtronic Inc., NuVasive Inc., Orthofix International N.V., Orthovita Inc., SCIENT'X SA, Smith & Nephew Plc., SpineVision, Stryker Corporation, Synthes Inc., and Zimmer Spine Inc.

The research report titled "Spinal Surgery: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) for product segments Spinal Fusion Devices, Spinal Fixation Devices, Artificial Discs and Vertebral Compression Fracture Devices, across geographic markets such as the US, Europe (France, Germany, Italy, UK and Rest of Europe), Asia Pacific (including Japan), and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Spinal_Surgery_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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