The Global Spinal Surgery Devices Market is Forecast to Reach $12.6 Billion in 2017

Friday 21 October 2011, Amsterdam

The Global Spinal Surgery Devices Market is Forecast to Reach $12.6 Billion in 2017

The global market for medical spinal surgery devices is forecast to reach $12.6 billion in 2017 at a CAGR of 10%. The future growth is primarily driven by increasing preference for minimally invasive spinal fusion procedures and growing ageing population around the world. Positive clinical trials and favorable reimbursement policies for spinal non-fusion procedures can further contribute to the growth of the market. Increasing awareness about spine procedures, increasing income levels in the emerging economies and technological innovations are other major drivers for the growth of spinal surgery devices market. 


The US to Continue to be the Biggest Market for Spinal Surgery Devices

The US is the largest market for spinal surgery devices and contributed 69% towards the global market in 2010. The US spinal surgery devices market was valued at about $4.6 billion in 2010 and is expected to reach $9.2 billion by 2017 with a CAGR of 10%. Increasing incidence of spinal disorders due to growing ageing population is the major driver for spinal surgery devices market in the US. Increasing adoption of minimally invasive spinal fusion devices despite facing reimbursement challenges is another major driver for the growth of the market in the US. Growing demand for pedicle screw systems is driving the market for spinal fusion devices in the US. Motion preserving spinal non-fusion procedures is expected to drive the long term growth with favorable clinical trials in the near future.


Medtronic, Inc. Dominates the Global Market for Spinal Surgery Devices

Medtronic, Inc. dominates the global market for spinal surgery devices with a market share of 34% in 2010. DePuy, Inc. and Synthes, Inc. are the other leading players with market shares 13% and 12% respectively. Medtronic dominates the market due to their broad portfolio of products in spinal fusion devices such as the Prestige Cervical Disc, the CD Horizon Legacy Spinal System, the LT-Cage Device and the X-Stop Spacer. Focus on development of innovative products is the major growth strategy followed by Medtronic to dominate the market for spinal surgery devices.

The top five companies account for 72% of the overall market. The US Food and Drug Administration (FDA) reclassification of spinal fusion devices from class III to class II in 2007 will continue to attract new entrants in the market. Intense competition between the new entrants and the existing companies may lead to pricing pressure on the companies in the future.

Minimally Invasive Lateral Interbody Fusion to Drive the Growth of Spinal Surgery Devices in the Future

Minimally invasive lateral interbody fusion is expected to drive the growth of the spinal surgery devices in the future. Lateral interbody fusion is a minimally invasive alternative to more invasive traditional lumbar spinal fusion. In traditional lumbar spinal fusion the surgeon reaches the back through an incision in the abdomen. In the lateral interbody fusion the surgeon reaches the back through an incision in the side of the body by use of special tools and techniques. Approaching the spine through the abdomen is associated with a lot of drawbacks. The surgeon has to get around large blood vessels, nerves, muscles, and organs that are in the way. This can lead to higher risk of injury to the nerves, blood vessels and other organs in the body and prolong the recovery time of the patient. Lateral approach provides an alternate entry where the surgeon has to encounter far fewer structures and tissues. This in combination with small incisions minimizes patient discomfort and risk of major complications.


3-D Image Guided Spine Surgery to Drive the Growth of Spinal Surgery Devices in the Future

3-D image guided spine surgery is expected to drive the growth of spinal surgery devices market in the future. Image guided spine surgery uses a special camera on a computer that uses infrared light to enable the surgeons to precisely see where on the anatomy they are performing the procedure. The technology provides 3-D images of the surgical instruments used in the anatomy and enables the surgeon to make minute changes thereby increasing accuracy. The surgeon can precisely plan the entry point and the trajectory for the placement of the spinal implant. This reduces the risk of injury to the nerves and nerve roots significantly and increases the probability of the desired outcome. In the December 2008 online edition of the Journal of Neurosurgery: Spine, Mayo physicians published the largest study yet using 3D image-guided technology to place screws in the spine for spinal fusion procedures. The surgeons implanted 1084 screws in 220 patients and reported a nerve injury rate of less than one percent. Also less than one percent of the screws considered in the study were misplaced. This when compared to a reported nerve injury rate of up to 8 percent and a misplacement rate of up to 55 percent using standard technology is a milestone. Image guided spine surgery reduces operating time, increases efficacy of the procedure, reduces downtime, minimizes radiation exposure to x-rays and ensures patient safety.



About this new market study:
The report provides market landscape, competitive landscape and market trends information on two spinal surgery devices market categories – spinal fusion devices and spinal non-fusion devices. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape with major acquisitions and mergers in the last three years and a detailed analysis of the pipeline products in each category. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.