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Lumbar Spine Fusion Market 2016-2020

  • Published: Oct 2016
  • Pages: 105
  • SKU: IRTNTR10408
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This market research report analyzes the leading vendors in the global lumbar spine fusion market such as DePuy Synthes, Medtronic, NuVasive, Stryker, and Zimmer Biomet. A comprehensive analysis of this market is also presented by product type (implants and instrumentation and biomaterials), procedure (traditional surgery and minimally invasive surgery), end user (hospitals and ASCs), and geography (Americas, APAC, and EMEA).

Overview of the lumbar spine fusion market

According to the market research analysts at Technavio, the global lumbar spine fusion market is likely to grow steadily and will post a moderate CAGR of close to 5% during the forecast period. The shift in preference to minimally invasive (MI) surgeries from traditional surgical methods has led to the high adoption of spine surgeries, especially TLIF, XLIF, and DLIF. Open spine surgeries can lead to various post-operative complications such as pain, partially collapsed lungs, blood clots, fatigue, muscle atrophy, and infections. Whereas, MI spine surgery is associated with rapid recovery, reduced hospital stays, and better patient outcome, resulting in many medical facilities recommending spinal fusion surgery to repair the vertebrae and treat painful conditions of spine. Moreover, MI spinal surgeries result in minimal blood loss, lower infection rate, reduced pain, and faster patient ambulation and retrieval, leading to their increased adoption over the next four years.

One of the recent trends gaining traction in the market is the increased use of surface modified titanium in spinal implants. In the recent years, spinal implants such as cages, rods, screws, hooks, and bolts are being manufactured with titanium over stainless steel. Also, a new class of titanium implants with nano-roughened surface modifications have been shown to induce greater osteoblast differentiation of culture stem cells than PEEK. These implants are strong, lightweight, and allow for better CT and MRI imaging after implantation with minimum interference. Furthermore, titanium implants have a porous structure on the inner surfaces, which promotes integration of bone for enhanced fusion and retroserrated toothing on the caudal and cranial surfaces of the implant, providing effective primary stability.

Competitive landscape and key vendors

The global lumbar fusion market is highly competitive owing to the presence of large, well-established global and regional vendors. The market entry of new companies will further increase the competition during the forecast period. Theintense competition among the vendors is hindering the growth of the market, resulting in an increase in price wars among vendors and a significant reduction in the average selling price of spinal implants. Although the leading vendors hold the majority of the market shares, factors such as innovation, greater product development, and choice is bound to change the competitive landscape of the market.

 Key vendors in this market are -

  • DeBuy Synthes
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer Biomet

Other prominent vendors in the market include Aesculap Implant Systems, Alliance Spine, Alphatech Spine, Amedica, AOI Medical, Apollo Spine, Cook Medical, Crosstrees Medical, K2M, LDR Holding, MEDICREA, NuTech Medical, Orthofix International, Paradigm Spine, RTI Surgical, Smith & Nephew, Trans1, Vexim, VTI, and Zavation.

Segmentation by product type and analysis of the lumbar fusion market

  • Implants and instrumentation
  • Biomaterials

The implants and instrumentation segment was the highest revenue contributing segment and will continue to dominate the market until the end of 2020. Lumbar spine implants and other support devices are used in correcting deformities of the lumbar region, strengthening and stabilization of the spine. These implants are made of different materials such as titanium alloy, steel or bio-absorbable materials, synthetic or naturally-derived bio-materials. The different types of implants available in the market include interbody cages, lumbar plating systems, and fixation systems, which will also contribute to this market segment’s growth in the coming years.

Geographical segmentation and analysis of the lumbar fusion market

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas was the highest revenue contributing region in the market and will lead the market over the next four years. The growth of this market in the region is attributed to the higher incidence of spinal disorders in the region. Also, countries such as the US and Canada have advanced infrastructure-based medical facilities, which will also contribute to the growth of this market in the Americas.

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 lumbar fusion market?
  • What are the key market trends impacting the growth of the global lumbar fusion market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global lumbar fusion market?
  • What are the market opportunities and threats faced by the vendors in the global lumbar fusion 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 lumbar fusion market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Lumbar fusion: An overview

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by product type

  • Implants and instrumentation
  • Biomaterials

PART 07: Global lumbar spine implants and instrumentation market

  • Market overview
  • Market size and forecast

PART 08: Global lumbar spine fusion biomaterials market

  • Market overview
  • Market size and forecast

PART 09: Market segmentation by procedure

  • Global lumbar spine fusion market by traditional surgery
  • Global lumbar spine fusion market by minimally invasive surgery

PART 10: Market segmentation by end-user

  • Hospitals
  • ASCs

PART 11: Geographical segmentation

  • Lumbar spine fusion market in Americas
  • Lumbar spine fusion market in EMEA
  • Lumbar spine fusion market in APAC

PART 12: Market drivers

  • Increase in prevalence of spinal disorders
  • Growing popularity of MI spinal surgeries
  • Rising popularity of physician-owned ASCs

PART 13: Impact of drivers

PART 14: Market challenges

  • Complications and risks associated with lumbar fusion
  • High cost of lumbar fusion surgery
  • Unfavorable reimbursement scenario

PART 15: Impact of drivers and challenges

PART 16: Market trends

  • Advances in technology
  • Rise in outsourcing by OEMs
  • Increase in M&A
  • Increased use of surface modified titanium in spinal implants

PART 17: Vendor landscape

  • Competitive scenario

PART 18: Key vendor analysis

  • DePuy Synthes
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer Biomet
  • Other prominent vendors

PART 19: Appendix

  • List of abbreviations

PART 20: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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