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PRACTICE
MANAGEMENT
SPINE
DEVICE
&
INNOVATION
Earlier bone ongrowth
Greater new bone formation
InvibioSpine.com NASS 2015 Annual Meeting - Booth #923
Global Spine Surgery Device Market Seeing
Double-Digit Growth: 5 Key Points
By Laura Dyrda
I
nnovation, economics and clin-
ical trends all contribute to the
booming spine surgery device
market, according to a MedMarket
Diligence report, "Global Market
for Medical Device Technologies in
Spine Surgery, 2014-2021."
Here are five key points:
1. e global device market for
cervical fusion, thoracolumbar
implants, MIS spine fusion, interbody
fusion and orthobiologics checks in
at $9.7 billion.
2. Increased knowledge of spinal
biomechanics, rise in spinal
instrumentation devices, progress
in bone fusion techniques, more
anterior approaches to the spine
and the development of minimally
invasive methods and robotics have
all contributed to the growing spine
surgery device market over the last
few decades.
3. Because of these advances, every
segment of the spine can now be
stabilized.
4. Spine fusion is leading the market
as the fastest-growing segment.
5. e Asia-Pacific and Central/Latin
America areas are experiencing the
fastest growth in spine surgery, with
spine fusion growth in these areas in
the double-digits.
"While this market may be
dominated by the bigs — Medtronic,
DePuy, Stryker, Zimmer-Biomet,
et al. — there remains more than
enough business in spine technology
to attract a remarkably large number
of mid-tier and smaller market
participants," said Patrick Driscoll
of MedMarket Diligence. "And there
are ample participants who do not
accept the status quo, by aggressively
innovating and introducing clinical
and economic improvement in spine
surgery."
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