An increasing preference for PEEK-based devices over their metal-based counterparts is driving vertebral body replacement device market growth, according to a Persistence Market Research report.
Four things to know:
1. The introduction of vertebral body replacement devices based on expandable implant technology is projected to propel market growth. Flexible devices are anticipated to dominate the vertebral body replacement devices market during the forecast period.
2. A greater number of spine surgical procedures that require overall vertebral body resection and an increasing preference for PEEK will drive market revenue in developing nations.
3. Evolving technologies such as intervertebral height restoration for vertebral body replacement is also driving market growth; however, high costs associated with these implants restrain market growth.
4. Titanium-based vertebral body replacement devices generate more revenue compared to the PEEK-based vertebral body replacement devices, but an increase in demand for PEEK-based vertebral body replacement devices is expected to remain a dominant trend.