Global Spine Market Report: 2012 Edition - Market Research Report

Aug. 17, 2012 - PRLog -- Global Spine Market Report: 2012 Edition

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The spine market is by far the largest segment within the global orthopedic market. Over the last few years, the market has witnessed significant growth majorly on the back of economic recovery and aging population. The US is the largest market for spinal surgeries and the country has significant growth opportunity in the coming years also. However, in 2011, the overall revenue of the spine market in the US has declined due to pricing pressures on manufacturers and declining insurance coverage.

Within the global spine market, the thoracolumber segment is the highest revenue generating segment, whereas, in the US spine market, spinal fusion segment recorded higher revenues as well as higher procedural volumes compared to the other segments. The spinal fusion and disc replacement segments in the US have shown significant volume growth. However, the revenue from these segments grew marginally as the average selling prices of spine equipments have declined as a result of pricing pressure on manufacturers and higher competition in the market.

It is expected that new innovations in the minimally invasive surgeries domain will continue to have a positive impact on the market as the new and improved surgical tool will make complicated spine surgeries easier than before. However, shortage of skilled healthcare workers, doubtful medical reimbursements, and growing cost of advanced surgeries will continue to challenge the growth of the market.

Medtronic led both the worldwide and the US spine market in 2011, followed by JNJ Depuy, Synthes, and Stryker. However, the market share of Medtronic has witnessed significant decline in recent past due to strong performance of few new entrants (including NuVasive and Globus Medical) in the market. Recently, JNJ Depuy acquired Synthes and the combined entity is expected to become the major competitor of Medtronic.

The report provides an analysis of the global spine market. It discusses major market trends, growth drivers, and challenges. It presents the competitive structure of the industry and profiles major players in the spine market with a discussion of their key business strategies.

By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global spine market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.


Table of Contents :


1. Spine Market Overview

1.1 Regions of the Spine
1.2 Spinal Products
1.3 Disorders Affecting the Spine

2. Market Size

2.1 Global Orthopedic Market

Market Value
Market Segments
Regional Breakdown

2.2 Worldwide Spine Market

Market Value
Market Segments
Regional Breakdown
Spinal Implant Market

2.3 Spine Market in the US

Market Value
Market Segments
Spinal Fusion
Disc Replacement
Vertebroplasties
Product Segmentation

3. Key Trends

3.1 Growth Potential of New Spinal Procedures
3.2 Growth of Minimally Invasive Spine Surgery
3.3. Higher Success Rates due to Improved Surgical Tools

4. Growth Drivers

4.1 Global Ageing Population
4.2 Improving Worldwide Economy
4.3 Increasing Life Expectancy Rates

5. Significant Developments

5.1 New Power Technology for Reconstructive Spine Surgery by Medtronic
5.2 New System for Neuromuscular Scoliosis by JNJ Depuy
5.3 Launch of iVAS Inflatable Vertebral Augmentation System by Stryker
5.4 Launch of First Minimally Invasive System by JNJ Depuy

6. Challenges

6.1 Shortage of Healthcare Workers and High Wages
6.2 Lower Reimbursements for Spine Surgery
6.3 Growing Cost of Innovation in the Spine Market

7. Spine Market - Competitive landscape

7.1 Competitive Landscape in the Global Spine Market

Market Share
Major Players – Growth Comparison

7.2 Competitive Landscape in the US

Overall Market Share
Share in Key Segments

8. Company Profiles

8.1 Medtronic

Business Description
Key Financials
Business Strategies
Distribution Strategy
Focus on R&D Efforts

8.2 Johnson & Johnson

Business Description
Key Financials
Business Strategies
Financial Risk Minimization
Focused Growth Strategy

8.3 Stryker

Business Description
Key Financials
Business Strategies
Novel Product Innovation
Strategic Acquisitions

8.4 Zimmer

Business Description
Key Financials
Business Strategies
Organizational Discipline
Achieving Financial Commitments

9. Market Outlook

9.1 Market Forecast

9.2 Forecast Methodology

9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis