Global Interventional Spine Devices Market 2017-2021

January 10, 2017
This market research report identifies suppliers like Medtronic, Stryker, St. Jude Medical, DePuy Synthes, and Merit Medical to be the key vendors in the global interventional spine devices market. It also presents a detailed segmentation of the global market by procedure (vertebroplasty, kyphoplasty, and radiofrequency ablation), by end-user (hospitals and ASCs), and by geography (the Americas, APAC, and EMEA).

Overview of the global interventional spine devices market

Technavio’s market research analyst predicts the global interventional spine devices market to grow steadily at a CAGR of above 10% by 2021. One of the key factors responsible for this market growth is the increasing number of incidences of spine and bone disorders. There has been a significant rise in the incidence of spinal disorders across the world over the last decade. The most common spinal disorders include spondylolisthesis, degenerative disc disease, herniated discs, prolapsed intervertebral disc, and spinal stenosis. Disc herniation is a result of age-related degeneration of the annulus fibrosis or trauma, lifting injuries, or straining. Also, osteoporosis can lead to degenerative changes in the spinal discs, including intervertebral discs and spinal facets that require surgical intervention.

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Owing to the widespread adoption of minimally invasive and non-invasive techniques the Americas is dominating the interventional spine devices market. The US is the largest revenue contributor to this region due to the increased use of interventional spine surgery. Other major growth drivers for the Americas include the existence of transparent reimbursement policies, high disposable incomes, and high awareness about vertebral compression fracture treatments. The increase in the volume of these procedures has led vendors to develop innovative products to meet the market demand. For instance, in 2016, Medtronic launched the FDA approved product called OsteoCool RF ablation system in the US.  

Competitive landscape and key vendors

The global interventional spine market is dominated majorly by established international players that have strong positions compared to the regional vendors. The competition between the established companies and the local vendors is gradually increasing, and the established players are losing their shares to emerging and regional vendors. The advances in technology and new product launches will increase the competition among existing vendors over the next few years.  

Leading vendors in the market are –

  • Medtronic
  • Stryker
  • St. Jude Medical
  • DePuy Synthes
  • Merit Medical

The other prominent vendors in the interventional spine devices market include AOI Medical, Biomet, Cook Medical, Crosstrees Medical, Exactech, Globus Medical, Greatbatch Medical, Integra LifeSciences, Interventional Spine, joimax, K2M, NeuroWave Systems, Paradigm Spine, RS Medical, RTI Surgical, Stimwave, Quandary Medical, Vexim, and Zavation.

Segmentation by procedure and analysis of the interventional spine devices market

  • Vertebroplasty
  • Kyphoplasty
  • Radiofrequency ablation

During 2016, the vertebroplasty procedure dominated the interventional spine devices market and accounted for a major part of the overall market share. Vertebroplasty is a minimally invasive surgical procedure, in which a small puncture is made in the patient's skin on the posterior side of the back. It can be employed to treat vertebral compression fractures (VCF) patients who have severe pain and cannot manage daily routine activities. Rapid sustained pain relief, low complication rate, and increased mobility are few of the advantages, compelling patients to opt for vertebroplasty as a viable option.

Segmentation by end-user and analysis of the interventional spine devices market

  • Hospitals
  • ASCs

Ambulatory surgical centers (ASCs) are healthcare facilities in which surgical procedures that do not require an overnight stay are performed. Such surgeries are usually less complicated. Many countries in the Americas and Europe carry out interventional spine procedures in ASCs, as they prove to be relatively less expensive than those performed in hospitals. This rise in trend is primarily because of the low financial burden on patients due to the low procedure cost, less waiting time for surgeries to be performed, and similar reimbursement as that in hospitals.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global interventional spine devices market?
  • What are the key market trends impacting the growth of the global interventional spine devices market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global interventional spine devices market?
  • What are the market opportunities and threats faced by the vendors in the global interventional spine devices market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global interventional spine devices market?

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