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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.
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
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.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Reimbursement scenario
PART 07: Cost analysis
PART 08: Market segmentation by procedure
PART 09: Market segmentation by end-user
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
Tags: spine pain management, spine and pain center, in vitro diagnostics, medical companies, medical devices market trends, healthcare market size,
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