Technavio released a report outlining three trends that will impact the global spinal trauma devices market, which is expected to reach $5.25 billion by 2021.
The three biggest trends in the spinal trauma devices market are:
1. Increasing partnerships and collaboration, sales agreements and distribution agreements help spinal trauma device companies increase their presence in new markets. "The spinal trauma devices vendor landscape is extremely competitive with the presence of many vendors necessitating the formation of strategic partnerships to maintain the market share," said Srinivas Sashidhar, Technavio's lead analyst for orthopedics and medical devices research.
2. The number of non-fusion procedures is increasing. Fusion alternatives typically preserve motion and spinal stability to alleviate back and leg pain. Vendors are encouraged to develop and introduce artificial disc replacement devices, dynamic stabilization systems and interspinous process decompress.
3. Technological advancements including robotic surgical systems for minimally invasive spine surgery reduce radiation and can increase procedure accuracy. Bone morphogenetic proteins also advance fusion for patients where fusion might be difficult to otherwise achieve. "The increase in the number of spinal trauma incidence has led to various developments in the treatment procedures," said Mr. Sashidhar. "Most developments have taken either robotic surgery or bone morphogenetic proteins, leading to the rising popularity of related procedures."
The report highlights DePuy Synthes, Globus Medical, Medtronic and Stryker as lead companies in the field.