A new Medical Market Research Report outlines trends in the global spinal nonfusion market.
Here are eight trends from the report:
1. The global spinal non-fusion technology market is expected to have lucrative growth over the next few years.
2. The factors driving the spinal non-fusion technology market include:
• Increasing aging population
• Increasing obese population
• Demand for minimally invasive spine procedures and technology.
3. Motion preservation technologies that allow for flexibility after surgery are also attractive to patients and could drive market growth going forward.
4. Dynamic stabilization devices had the largest share of the spinal non-fusion technologies market last year because they are flexible and can help the spine maintain sagittal balance. They also achieve anatomic alignment by replacing the rigid metallic rod with polymeric spacers.
5. The controlled motion without posture instability, increased load sharing capacity and the posterior and anterior dynamic stabilization device availability also contribute to the dynamic stabilization segment growth.
6. Disc nucleus replacement will likely be the fastest-growing segment over the next few years due to the reduced damage to the disc below and above the impacted area as well as the quicker recovery time post-surgery.
7. North America has the largest share of the spinal non-fusion technologies market, driven by several factors including the FDA approving LDR's two-level cervical artificial disc.
8. The Asia Pacific market is expected to be the fastest growing market in the next seven years due to increased spinal disorders, rising healthcare expenditures, improved reimbursement coverage and growing awareness of new technologies.