Spine Implants Market in the US 2016-2020

Overview of the spine implants market in the US

Extensive research carried out by the analysts at Technavio has shown that the spine implants market in the US will grow steadily and post a moderate CAGR of more than 5% over the forecast period. The growing preference for minimally invasive surgery (MIS) is one of the major factors driving this market’s growth. The traditional spinal surgeries have become outdated due to the increasing awareness and advantages of MIS including reduced blood loss, shorter hospital stay, and minor complications. Moreover, the overall cost of MIS procedure is lower than that of invasive procedures. These surgeries can also be performed in ASCs, which reduce the cost of hospital stays and post-operative costs considerably.

One of the emerging trends gaining significant traction in the market is the introduction of motion preservation or non-fusion spinal procedures. Spinal non-fusion procedures help in preventing motion and provides enhanced stability to the spine. Also, this procedure helps in post-operative motion restoration and has much better clinical outcomes than conventional procedures. The growing awareness among patients about the different procedures and better prospects have contributed to the rise in adoption of non-fusion technologies.

Competitive landscape and key vendors

The spine implants market in the US is highly fragmented owing to the presence of large, medium, and small-sized companies. Factors such as advances in technology and new product launches will increase the competition among the existing vendors. There is intense competition among the vendors in the market. Product differentiation and cost factor are the two primary factors controlling the spine implants market. To remain competitive in the market, the majority of vendors are adopting different strategies to help them enhance their presence in the market. Although the leading vendors hold the majority of the market shares, factors such as innovation, greater product development, and the choice are bound to change the competitive landscape of the market.

Key vendors in this market are -

• Medtronic
• DeBuy Synthes
• Stryker
• NuVasive

Other prominent vendors in the market include AccelSPINE, AESCULAP, Alliance Spine, Alphatec Spine, Amedica Corporation, Globus Medical, K2M, LDR, Life Spine, Orthofix, Paradigm Spine, Precision Spine, RTI Surgical, Spine Surgical Innovations, Spineology, Titan Spine, TranS1, Wenzel Spine, Zimmer-Biomet, and Zyga Technology.

Product segmentation and analysis of the spine implants market in the US

• Spinal fusion
• Spinal non-fusion

During 2015, the spinal fusion implants segment led the market and is expected to be highest revenue contributor over the coming years. The growth of this segment is attributed to the availability of better reimbursement and pricing policies associated with spinal fusion implants. Spinal fusion implants are considered as the gold standard for spine surgeries and owing to their wide availability, the pricing trend at present is quite low in the market. Spine Implants are made up of materials that are biocompatible and capable of providing optimal spinal stabilization and strength, which will, in turn, aid in this market segment’s growth over the next four years.

Segmentation by end user and analysis of the spine implants market in the US

• Hospitals
• ASCs

In terms of revenue, the hospital end user segment accounted for most of the market shares and will continue to dominate the market until the end of 2020. Several Tier 2 hospitals are being acquired by large hospitals, which is also expected to contribute to this segment’s growth over the next four years.

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 spine implants market in the US?
• What are the key market trends impacting the growth of the spine implants market in the US?
• What are the challenges to market growth?
• Who are the key vendors in the spine implants market in the US?
• What are the market opportunities and threats faced by the vendors in the spine implants market in the US?
• What are the trending factors influencing the market shares of the US?
• What are the key outcomes of the five forces analysis of the spine implants market in the US?

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Related reports:

• Global Lumbar Spine Fusion Market 2016-2020
• Global Spine Surgery Market 2015-2019
• Global Spinal Implants Market 2016-2020
• Global Spinal Cord Stimulation Devices Market 2016-2020