Device markets in spine surgery to demonstrate widely variable growth

The global market for spine surgery devices was over $13 billion in 2011, and is forecast to reach nearly $24 billion by 2020, exhibiting a compound annual growth rate (CAGR) of almost 7% (2011-2020). The device segments representing the aggregate spine surgery market, which will demonstrate individual growth rates through 2020 of as low as a net decline to increased at a better than 30% compound growth rate, are listed below:

  • Posterior Pedicle Screw Fusion Systems
  • Anterior Cervical Plate Systems
  • Anterior Thoracolumbar Plate Systems
  • Anterior Lumbar Interbody Fusion (ALIF) devices
  • Transforaminal Lumbar Interbody Fusion (TLIF) devices
  • Posterior Lumbar Interbody Fusion (PLIF) devices
  • Axial Lumbar Interbody Fusion (AxiaLIF) devices
  • Interspinous Process Spacer (ISP)
  • Cervical Artificial Discs
  • Lumbar Artificial Discs
  • Vertebroplasty
  • Balloon Kyphoplasty
  • Allografts
  • Demineralized Bone Matrix (DBM)
  • Bone Morphogenetic Proteins (BMPs)

Growth in the global spine surgery market will be driven by a number of factors, including:

  • The aging population worldwide
  • Increasing incidence of obesity
  • A growing middle class in developing countries, with the ability to pay out of pocket for spine surgery
  • Improving worldwide economy
  • Technological device enhancements, leading to improved surgical results
  • Developments in minimally invasive spine surgery (MISS) devices driving a strong increase in MISS, with its numerous advantages
  • In the US, improvements in reimbursement as clinical trials demonstrate the efficacy of treatments using the devices
  • US healthcare reform leading to medical insurance coverage for more people, allowing those suffering from intractable back pain to receive surgical treatment

Below is illustrated the breakdown of the market in 2010 and in 2020, reflecting the growth rates of segments and overall over this time period.

Source: "Worldwide Spine Surgery: Products, Technologies, Markets and Opportunities, 2010-2020", Report #M520.

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