Global Spine Surgical Technologies Forecast 2011-2020

Spine surgery, like all medtech markets, is under immense pressure to rein in costs, yet unabated market drivers and innovation by manufacturers make spine surgery a continued strong market opportunity, according to a new MedMarket DIligence report.
 
 
July 26, 2011 - PRLog -- Driven by aging populations and technological advances leading to improved devices and less invasive surgery, and despite very challenging economic conditions, the overall global market for spine surgery devices is expected to see modest growth during the forecast period, 2011-2020, yet by comparison to other medtech markets, this growth is remarkable and is therefore very telling about opportunities in spine surgery, according to a new report from MedMarket Diligence, "Worldwide Spine Surgery: Products, Technologies, Markets and Opportunities 2010-2020."  See http://www.mediligence.com/rpt/rpt-m520.htm for full details.

"There is no more pervasive force in healthcare, with the possible exception of baby boomer impacts, than the pressure to rein in its costs, whether by price pressure, restricted procedure utilization or both," says Patrick Driscoll, President of MedMarket Diligence and publisher of the Worldwide Spine Surgery report. "Yet, in the face of such cost containment efforts, spine surgery continues to represent a medtech market with strong growth prospects, primarily due to demand for solutions to back pain and underlying spinal disorders as well as the ability of manufacturers to produce innovations that demonstrably improve patient outcomes."

Demand for spine surgery solutions to a wide variety of back problems is unquestionably sustained by an aging baby boomer population not content with being idle in their declining years. But spine surgery is also on the increase in younger (under 50) patients as a result of improvements in minimally invasive procedures that lower the bar in terms of how serious a spine condition must be as a prerequisite for patients to consider treatment.  The drive to regain active lifestyles (or prolong them) is therefore behind growth at all ages.

The devices addressed in the MedMarket Diligence report 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).

The regions and countries covered in the report are:  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 the MedMarket Diligence report, as defined with the products noted above, is forecast to be 6.96% for 2011-2020. It will be driven by solid growth in Posterior Pedicle Screw Fusion Systems and Cervical and Lumbar Artificial Discs, and modest growth in some sectors which are of significant size, including Balloon Kyphoplasty, Allografts and DBM.

The MedMarket Diligence Report #M520, "Worldwide Spine Surgery: Products, Technologies, Markets and Opportunities 2010-2020", described in detail at http://www.mediligence.com/rpt/rpt-m520.htm, is a detailed market and technology assessment and forecast of the products and technologies in the management of diseases and disorders of the spine as outlined in the following preliminary table of contents. The report describes the diseases and disorders of the spine, characterizing the patient populations, their current clinical management, and trends in clinical management as new techniques and technologies are expected to be developed and emerge. This report details the currently available products and technologies, and the manufacturers offering them. The report details the products and technologies under development and markets for each in spine surgery. The report provides a current and ten-year forecast by region/country of procedures, unit sales, average selling price and manufacturer revenues for, specifically, Americas (USA, Canada, Mexico, Brazil), European Union (United Kingdom, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (Japan, China, India, Australia/New Zealand) and Rest of World. The forecasts address product- and country-specific impacts in the market of new technologies through the coming decade. The report profiles over 55 companies in this industry, providing data on their current products, current market position and products under development.

# # #

MedMarket Diligence provides data and insight to the medical products, investment and other industries on advanced medical technologies through focused medical technology market and assessment Reports and the Medtech Startups Database.
End
Email:***@mediligence.com Email Verified
Phone:949.859.3401
Tags:Spine Surgery, Spinal Surgery, Degenerative Disc Disease, Spine Fusion, Artificial Disc
Industry:Medical, Business, Reports
Location:California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
MedMarket Diligence, LLC News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share