Spinal Surgical Devices: Technologies and Global Markets

Report Highlights

• The global spinal surgical market is projected to reach almost $6.5 billion by 2015, a 3.4% compound annual growth rate (CAGR) over the 2010 value of $5.5 billion.
• The nonfusion device segment is expected to grow at a 10% compound annual growth rate (CAGR) versus 1.3% for fusion products, but it is not expected to constitute more than 15% of the total spinal surgical device market by 2015. This sector is valued at $624 million in 2010 and is expected to reach $1 billion by 2015.
• Vertebral repair is a rapidly growing market, directly related to the continued growth of the aging population and osteoporosis-related fractures. This sector is valued at $532 million in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $858 million in 2015.

INTRODUCTIONn

• Assess the prevalence of common spinal conditions and trends affecting their projected future incidence
• Examine current procedure volumes and associated expenditures, as well as projected increases in demand by technique
• Analyze the current market and forecast demand for implantable spinal surgical devices
• Describe the regulatory framework and its effect on the introduction of new devices into the spinal market both in the U.S. and abroad
• Analyze trends in patent applications and issued patents for innovations that will be altering the spinal marketplace
• Examine the drivers that will affect future utilization and rate of adoption of the implants, including demographic changes, reimbursement policy, clinical considerations, and R&D 
• Identify the product manufacturers that will drive innovation, their market share, and other industry players

• The worldwide growth of the senior population will strain the capabilities of healthcare providers and the financial resources of healthcare payers.
• Patients are increasingly less likely to accept “aging pains” as they wish to maintain a more active lifestyle even with advancing age.
• Obesity, which is also increasing globally, will similarly contribute to higher rates of back pain and degenerative conditions.
• Advances in biologics, materials, imaging techniques, and the biomechanical understanding of the spine will enable treatment of spinal conditions with a focus on preservation of natural range of motion.
• To contain costs while simultaneously facing an increased procedural volume, focus is shifting toward improving instruments and techniques to reduce the invasiveness of surgery, thereby shortening hospital stays and hastening recovery.
• Increased focus is being placed on the cost benefit of surgical procedures and implants.

• Current prevalence of common spinal problems, trend analysis, and factors influencing future incidence
• Market analysis by surgical procedure, including annual incidence, trend analysis, and factors influencing future predicted surgical volume
• Global demand by device and projected future trends by device category
• Risk factors and other drivers that will affect the future incidence of spine surgery and related utilization of spinal surgical devices
• U.S. and international regulation of spinal devices
• Patent analysis
• Market share and information on key device manufacturers

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