Interventional Spine Devices Market in the US 2017-2021

Overview of the interventional spine devices market in the US

According to the interventional spine devices market analysis, this market in the US to grow steadily at a CAGR of above 8% by 2021. One of the primary drivers for this market is the rise in the incidence of spine and bone disorders. The most common spinal disorders include spondylolisthesis, DDC, herniated discs, prolapsed intervertebral disc, and spinal stenosis. Also, osteoporosis can cause degenerative changes in the spinal discs including intervertebral discs and spinal facets that require surgical intervention. This bone disorder can increase bone porosity, fragility, and make bones weaker, making them susceptible to fractures. Interventional procedures help reduce pain, improve bone stability, and increase life expectancy. The growing incidences of spine and bone disorders will drive the adoption of interventional spine procedures during the forecast period.

One of the latest interventional spine devices market trends gaining traction is the shift in physician preference for minimally invasive (MI) procedures. The advancements in spinal interventions have led to an increase in the number of clinical trials and the launch of new products in the market. The demand for rapid recovery reduced hospital stays, and better patient outcome resulted in many medical facilities conducting spinal fusion surgery to repair the vertebrae and treat painful conditions of the spine. Moreover, owing to its increased ability to treat spinal disorders such as spinal tumors, there is a rise in demand for non-invasive procedures such as radiofrequency ablation. Rising adoption rate of MI interventional spine procedures is expected to propel the market growth for the interventional device market over the next few years.

Competitive landscape and key vendors

The interventional spine devices market in the US is competitive with the presence of large, medium and small-sized companies. Manufacturers are constantly making efforts to develop and introduce innovative products to provide and increase patient satisfaction. Key vendors adopt advanced technologies to enhance their product portfolio and decrease competition from new market entrants. The advancement in technology and new product launches will increase the competition among the existing vendors in the coming years.

Leading vendors in the market are 

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

Other prominent vendors in the interventional spine devices market in include Ascendx Spine, Cook, Crosstrees Medical, Exactech, Globus Medical, Integra LifeSciences, Interventional Spine & Diagnostics, joimax, K2M, NeuroTherm, NeuroWave Systems, Orthovita, Paradigm Spine, Quandary Medical, RS Medical, RTI Surgical, Stimwave, Vexim, Zavation, and Zimmer Biomet.

Segmentation by procedure and analysis of the interventional spine devices market in the US

• Vertebroplasty
• Kyphoplasty
• Radiofrequency ablation

During 2016, the kyphoplasty procedure segment was the fastest-growing segment in the interventional spine devices market. Balloon kyphoplasty is expected to gain quicker acceptance than vertebroplasty, as the technique offers treatment for osteoporotic fractures, osteolytic tumors, and traumatic vertebral fractures. Furthermore, in the US, the availability of reimbursements for kyphoplasty procedures is likely to increase the market growth rate for kyphoplasty procedures during the forecast period.

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

• 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. These centers have transformed the outpatient experience for millions of people in the US by providing convenient facilitates as alternatives to hospital-based outpatient procedures. Also, these centers are engaged in maintaining a strong record of accomplishment in terms of quality care and positive patient outcomes.  

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

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