Global Minimally Invasive Spine Surgery Market 2016-2020

November 17, 2016
This market research report identifies DePuy Synthes, Medtronic, NuVasive, Stryker, and Zimmer-Biomet as the leading vendors in the global minimally invasive spine surgery market. A comprehensive analysis of this market is also presented by product type (implants and instrumentation and biomaterials), by application (spine fusion procedure and spine non-fusion procedure), by end user (ASCs and hospitals), and by geography (the Americas, APAC, and EMEA).

Overview of the minimally invasive spine surgery market

According to the market research analysts at Technavio, the minimally invasive (MI) spine surgery market is anticipated to witness impressive growth and will post a CAGR of more than 7% during the forecast period. With the increasing popularity of physician-owned ambulatory surgical centers (ASCs), the market for MI spine surgery is expected to have a positive outlook over the coming years. The MI procedure performed for implantation of cervical implants is safe and considerably reduces the risk of infections, the need for blood transfusion, and the duration of hospital stays. This has encouraged surgeons to carry out these surgical procedures in outpatient settings and ASCs. Moreover, this trend is likely to continue as many complicated open surgeries will undergo rapid transition to MI surgeries. This also presents an opportunity for surgeons to invest setting their own ASCs to perform various cervical spine surgeries in outpatient settings. Additionally, most insurance companies provide high reimbursements for MI surgeries carried out in ASCs compared with hospitals. This will also encourage surgeons to opt for MI spine procedures over the coming years.

In terms of geography, the Americas accounted for the majority of market shares and will continue to lead the market over the next four years. According to a recent research study, more than 65 million people in the US are suffering from neck and back pain. Lower back pain is a primarily associated with spinal disorders, such as herniated discs, degenerative disc disease, spondylolisthesis, slipped disc, spinal stenosis, and osteoarthritis. Also, there is a rise in the geriatric population in the region and most people aged above 60 are susceptible to these disorders, which will, in turn, result in the rise of lumbar spine fusion procedures in the Americas until the end of 2020.

Competitive landscape and key vendors

The global MI spine surgery market is characterized by the presence of intense competition among the global and local vendors. The vendors have implemented an outsourcing strategy to save time in manufacturing devices, which they can use to design and develop other types of spinal implants for performing MI spine surgeries. The implementation of this strategy increases the companies' dependence on manufacturers that develop products or assemble associated components and deliver them to OEMs or the companies on time. Intense competition among the vendors has resulted in an increase in the price wars among the vendors, thereby reducing the average cost of the MI spine procedures.

Key vendors in this market are -

  • DePuy Synthes
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer-Biomet

Other prominent vendors in the market include Aesculap Implant Systems, Alliance Spine, Alphatec Spine, Amedica, AOI Medical, Apollo Spine, Aurora Spine, Centinel Spine, ChoiceSpine, Cook Medical, Crosstrees Medical, Globus Medical, GS Medical USA, Intelligent Implant Systems, K2M, LDR Holdings, Life Spine, LinkSPINE, MEDICREA, NuTech Medical, Orthofix, Paradigm Spine, Precision Spine, Reliance Medical Systems, RTI Surgical, Safe Orthopaedics, SI-BONE, Smith & Nephew, Spinal Elements, SpineGuard, Spineology, ThompsonMIS, Titan Spine, TranS1, Vexim, TI, Zavation, and Zyga Technology.

Segmentation by product and analysis of the minimally invasive spine surgery market

  • Implants and instrumentation
  • Biomaterials

During 2015, the implants and instrumentation segment was the highest revenue contributing segment in the market and is likely to continue its dominance over the next four years. Spine implants and other support devices are used in correcting deformities of the cervical, thoracolumbar, lumbar, and sacroiliac region for strengthening and stabilizing the spine. Also, spine implants are used for the treatment of conditions such as chronic pain due to degenerative disk diseases (DDDs) and fractures caused in the spine due to osteoporosis and trauma. These implants are made of different materials like titanium alloy, steel or bio-absorbable materials, and synthetic or naturally-derived biomaterials and includes interbody cages, lumbar plating systems, fixation systems, artificial discs, and nuclear disc prosthesis.

Segmentation by application and analysis of the minimally invasive spine surgery market

  • Spine fusion procedure
  • Spine non-fusion procedure

The spine fusion procedure segment led the global minimally invasive spine surgery market during 2015 and is likely to continue its dominance in the coming years. Spine fusion surgery is used for the treatment of degenerative disc disease, spondylolisthesis, spinal stenosis, scoliosis, and fracture. The growth of this segment is attributed to the increasing awareness and adoption of MI spine fusion implants for the treatment of spinal disorders. Furthermore, spine fusion procedures have favorable outcomes and high success rates, leading to their augmented adoption by surgeons.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global minimally invasive spine surgery market?
  • What are the key market trends impacting the growth of the global minimally invasive spine surgery market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global minimally invasive spine surgery market?
  • What are the market opportunities and threats faced by the vendors in the global minimally invasive spine surgery market?
  • What are the 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 minimally invasive spine surgery market?

Technavio also offers customization on reports based on specific client requirement.

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