The United Sates' and Europe's spinal implant markets will continue to grow, according to the Decision Resources Group.
Here are five observations:
1. The increasing popularity of premium-priced motion preservation devices, population dynamics, supporting clinical data and device innovation will all drive this expansion.
2. Obstacles to the market's growth include strict reimbursement coverage and cost-containment strategies.
3. Robotic spine surgery will continue to garner popularity, but limited accessibility, high costs and limited surgeon training will serve as hindrances to the growth.
4. Three-dimensional printing will affect market dynamics, with its personalized device customization and flexibility.
5. If biologics clinical trials regarding regenerating vertebral discs prove successful, the spinal implant market will be negatively affected.
More articles on devices:
Zimmer Biomet, Implanet, Globus Medical & more — 18 key notes
Cartiva enrolls 1st patient in hammertoe compression system study: 6 things to know
Spinal Simplicity, AllianceMed partner with Medical Tracking Solutions: 4 key notes