KICVentures predicts a spine industry shift toward motion preservation technologies, on the heels of Zimmer Biomet's acquisition of LDR.
Here are seven insights:
1. The global cervical total disc replacement is anticipated to reach $1.75 billion by 2020, according to MedGadget.
2. KICVentures noted a growing geriatric population will result in demand for CTDR surgical devices.
3. This may be an ideal time for new TDR companies to enter the market and shift away from mobile core devices.
4. KICVentures' company, AxioMed, has introduced its Freedom Disc into this TDR sphere.
5. Composed of viscoelastic polymer, the Freedom Disc is shown to enhance strength and range of motion by mirroring a healthy human disc.
6. AxioMed plans to seek FDA approval for the Freedom Disc in 2016.
7. Currently, SpineFrontier exclusively distributes the disc outside of the United States.