Spine Device & Technology
41
Minimally Invasive
Spine Market
Expected to Top
$2B by 2017
Global Nonfusion
Spine Market to
Grow to $1B by
2017
By Heather Linder
By Heather Linder
T
T
he U.S. market for minimally invasive spine technologies is expected to grow to $2 billion by 2017, according to the Millennium Research Group.
Much of the growth is expected from minimally invasive spine fusion,
but the smaller facet fixation segment will also increase in revenue, according to the report.
Several minimally invasive spine fusion clinical trial outcomes may impact the market, as favorable results will likely boost the number of
procedures done with minimally invasive technology.
Challenges still remain to the segment's growth, though. Physicians
require extensive additional training to implement minimally invasive
procedures, and reimbursements will remain low until more efficacy
has been proven. n
he Millennium Research Group estimated the global spinal
nonfusion market will reach more than $1 billion by 2017.
Spinal nonfusion technologies as still reimbursed much lower
— if at all — than spinal fusion technologies. This leaves surgeons
unwilling to adopt them until more long-term clinical results have been
obtained.
However, LDR Spine, Globus Medical and Pioneer Surgical will launch
new nonfusion spinal technologies by 2017.
The United States, one of the most lucrative nonfusion markets, will
grow robustly, nearly 19 percent annually, through 2017. n
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