Spine surgery global market, and segment growth

The spine surgery device market is enormous, and although in recent years the market has suffered due primarily to the global recession, during the forecast period the market is expected to show recovery in line with the recovering economy. The overall global market is forecast to show a CAGR (2011-2020) of 6.96%.

The market is comprised of the separate segments of posterior pedicle screw fusion systems, anterior cervical plate systems, anterior thoraco-lumbar plate systems, anterior lumbar interbody fusion, transforaminal lumbar interbody fusion, posterior lumbar interbody fusion, axial lumbar interbody fusion, interspinous process spacer systems, cervical artificial discs, lumbar artificial discs, vertebroplasty, balloon kyphoplasty, allografts, demineralized bone matrices, and bone morphogenetic proteins.

Due to its ramp-up of sales, the strongest growth is forecast to be in the AxiaLIF interbody fusion device, manufactured by TranS1, who is expanding its distribution of the new device. The next largest area of growth is in artificial cervical discs, with annual sales growth in double digits.

Below is a graphic illustrating the global market for spine technologies and its constituent technology segments.

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

The overall market leader in spine surgery technologies continues to be Medtronic, although the company’s market share has been slipping over the last few years and some have argued that the company's conviction to the market is not what it was in the past.