The motion preservation device market is the fastest growing segment within the U.S. spinal implant market, with DePuy Synthes leading the growth, according to an iData Research report.
Here are seven important trends:
1. The growth in the motion preservation device market is fueled by the increase in new spine devices like cervical artificial discs and lumbar artificial discs.
2. Also, insurance companies in the United States have started covering cervical disc replacement procedures.
3. However, because of their increased popularity, cervical artificial discs will ultimately begin to cannibalize a significant portion of the spinal fusion market.
4. The leading competitor in the market is DePuy Synthes and it holds nearly 50 percent of the market share in the market.
5. They are the only company with both a cervical artificial disc and lumbar artificial disc device on the market.
6. However, DePuy Synthes' position will be challenged in the future with the emergence of new competitors and products as well as second-generation devices, such as those from AxioMed and Spinal Kinetics.
7. Other competitors in the U.S. motion preservation device market include Medtronic, LDR, Globus Medical, Paradigm Spine and NuVasive.