LONDON–(BUSINESS WIRE)–Spinal Surgery Devices
Market to 2017 – Motion Preserving Spinal Non-Fusion Procedures to Drive Long
Term Growth. The global market for medical spinal surgery devices is forecast
to reach $12.6 billion in 2017 at a CAGR of 10%. The future growth is primarily
driven by increasing preference for minimally invasive spinal fusion procedures
and growing ageing population around the world. Positive clinical trials and
favorable reimbursement policies for spinal non-fusion procedures can further
contribute to the growth of the market. Increasing awareness about spine procedures,
increasing income levels in the emerging economies and technological
innovations are other major drivers for the growth of spinal surgery devices
to Continue to be the Biggest Market for Spinal Surgery Devices. The US is the
largest market for spinal surgery devices and contributed 69% towards the
global market in 2010. The US
spinal surgery devices market was valued at about $4.6 billion in 2010 and is
expected to reach $9.2 billion by 2017 with a CAGR of 10%. Increasing incidence
of spinal disorders due to growing ageing population is the major driver for
spinal surgery devices market in the US. Increasing adoption of
minimally invasive spinal fusion devices despite facing reimbursement
challenges is another major driver for the growth of the market in the US. Growing
demand for pedicle screw systems is driving the market for spinal fusion
devices in the US.
Motion preserving spinal non-fusion procedures is expected to drive the long
term growth with favorable clinical trials in the near future.
Medtronic, Inc. Dominates the Global Market for Spinal
Surgery Devices. Medtronic, Inc. dominates the global market for spinal surgery
devices with a market share of 34% in 2010. DePuy, Inc. and Synthes, Inc. are
the other leading players with market shares 13% and 12% respectively.
Medtronic dominates the market due to their broad portfolio of products in
spinal fusion devices such as the Prestige Cervical Disc, the CD Horizon Legacy
Spinal System, the LT-Cage Device and the X-Stop Spacer. Focus on development
of innovative products is the major growth strategy followed by Medtronic to
dominate the market for spinal surgery devices.
Report Details for “Spinal Surgery Devices Market to 2017”: