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Spinal disorders such as spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis are on the rise worldwide. This rise in cases of spinal disorders will increase the volume of spinal fusion surgeries. Rise in fusion rates has resulted in the high adoption of an anterior cervical plate to the anterior cervical discectomy and fusion (ACDF).
Anterior cervical discectomy and fusion surgery are mainly performed to remove degenerative or herniated disc in the neck. Minimally invasive (MI) spinal surgeries are the recent developments in the area of spine treatment. With the rising volume of these surgeries during the forecast period, the anterior cervical fixation devices market will also witness huge growth. Technavio’s market research analyst predicts the global anterior cervical fixation devices market to grow at a sluggish CAGR of around 2% by 2020.
The spine fixation systems are rapidly growing where the vendors are focusing on new technologies and materials to advance the surgeries and implantation of the bone defects. Such technological developments have encouraged the use of materials that are compatible with the patient's physical strength, biocompatibility, and durability of the implant. The cervical fixation systems are selected on parameters such as mechanical, thermal or electrical conductivity, biocompatibility, water absorption, diffusion, and biostability of the patients. Additionally, the advancements in genetic engineering and orthopedic medicine have allowed the replacement of traditional orthopedic biomaterials in spine surgeries.
This market is intense and diverse with the presence of many global and local players. The players are adopting several strategies to compete in the market and increase their shares. They are implementing outsourcing policies to save time in manufacturing devices, and are also investing more time in developing other types of spinal implants. With the growing outsourcing strategies, the dependence on contract manufacturers who develop products has increased considerably. The market is expected to witness the entry of new companies which will further increase the level of competition during the forecast period.
In 2015, the fixation systems dominated the anterior cervical fixation devices market and accounted for around 94% of the total market share. The market is primarily driven by an increased awareness and adoption of new fixation systems for the treatment of cervical spine disorders among the population. ACDF remains the standard treatment method for patients with degenerative disc disease (DDD). The public awareness of anterior cervical discectomy fusion is rising. This has increased the number of MI surgeries, especially for anterior cervical fixation procedures for treating neck pain and has led to a sustained demand for innovative pedicle plates and screw fusion systems in the fixation process.
The Americas will continue its dominance in the anterior cervical fixation devices market during the forecast period and is likely to occupy more than 72% of the total market share by 2020. Factors such as rising incidences of spinal disorders and the presence of leading vendors are driving market growth in this region. Countries such as the US and Canada have advanced infrastructure-based medical facilities to adopt spinal fusion procedures. With the growing number of these surgeries, several vendors are offering anterior cervical fixation devices that are easy to use and insert. The growing acceptance of MI spine surgeries will spur the growth prospects for the market in the coming years.
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Related reports:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Reimbursement scenario
PART 06: Market landscape
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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