The spinal non-fusion devices market is expected to grow over the next four years, according to a Transparency Markets Research report.
Here are 10 highlights from the report:
1. Fusion devices still make up the largest market share for spinal devices, but the non-fusion market is expected to grow through 2019.
2. Engineers and medical practitioners are expected to collaborate on new non-fusion devices that will help patients retain flexibility and movement post-surgery.
3. Factors that will drive market growth include:
• Increasing older population
• Technological advancements
• Increasing obese population
• Competitive spine market
• Rising demand for minimally invasive procedures
4. Unstable reimbursement policies will hinder market growth over the next four years.
5. North America contributes the largest market for non-fusion devices, as around 50 percent of the United States population 40 years or older is impacted by degenerative disc disease.
6. Europe is the second largest market because regulations governing the medical device sales are growing more stringent.
7. The Asia-Pacific market has the fastest growth potential due to:
• High population
• Facility development
• Customer awareness of new technologies
8. Growth is also expected in the rest of the world because of increasing awareness and better availability of facilities.
9. Key players in the market include: Medtronic, LDR, Globus Medical, DePuy Synthes, NuVasive, Zimmer and Disc Motion Technologies.
10. Spinal non-fusion devices include artificial disc replacements, dynamic stabilization devices, annulus repair, facet arthroplasty and nuclear disc prosthesis.