Growth of technologies in spine surgery

The global market for spine surgery technologies has many product areas and most of them are projected to grow at least modestly over the next ten years.

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

 

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

 

  • The ageing 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

 

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