Driven by aging populations and technological advances leading to improved devices and less invasive surgery, and despite the current economic challenges, the overall global market for spine surgery devices is expected to see modest growth through 2020. In addition, spine surgery will increasingly be represented by minimally invasive procedures, which will be a factor in the increase in younger (under 50) patients deciding to undergo spine surgery. Then, too, many of these younger patients wish to return to the activities that may have caused their back problems in the first place. They are therefore open to undergoing spine surgery procedures, in preference to adoption of a more sedentary lifestyle.
The principal devices in spine surgery are: posterior pedicle screw fusion systems, anterior cervical plate (ACP) systems, anterior lumbar interbody fusion (ALIF) devices, transforaminal interbody fusion (TLIF) devices, posterior lumbar interbody fusion (PLIF) devices, axial lumbar interbody fusion (AxiaLIF) devices and interspinous process spacers, cervical artificial discs, lumbar artificial discs, vertebroplasty, balloon kyphoplasty, allografts, demineralized bone matrix (DBM) and bone morphogenetic proteins (BMPs).
MedMarket Diligence‘s comprehensive study of the global spine surgery market details, for all of these devices, the products on the market and in development, the active and hopeful competitors and the current and forecast markets for these products in the Americas (USA, Canada, Mexico and Brazil), the European Union (United Kingdom, Germany, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, India and Australia/New Zealand) and Rest of World.
The compound annual growth rate for the entire market as defined in this study is forecast to be a modest 7% for 2011-2020, but it will be driven by higher growth in Posterior Pedicle Screw Fusion Systems and Cervical and Lumbar Artificial Discs, and lesser growth in some sectors which are of significant size, including Balloon Kyphoplasty, Allografts and DBM. As a result, the makeup of the global spine market will be noticeably different by 2020.
Source: “Worldwide Spine Surgery: Products, Technologies, Markets and Opportunities, 2010-2020.” Report #M520.