Spinal Surgical Devices: Technologies and Global Markets

November 02, 2010

Wellesley, Mass. – According to a new technical market research report, SPINAL SURGICAL  DEVICES: TECHNOLOGIES AND GLOBAL MARKETS (HLC075A) from BCC Research (www.bccresearch.com), the global market for spinal surgical devices is expected to be valued at an estimated $5.5 billion in 2010, but will increase to nearly $6.5 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 3.4%.

The largest market, made up of fusion devices, is projected to reach $4.6 billion in 2015, after increasing at a CAGR of only 1.3% from its 2010 value of more than $4.3 billion.

The segment made up of non-fusion devices is estimated to be valued at $624 million in 2010, and to increase at a CAGR of 10% to reach more than $1 billion by 2015.

The vetrebral repair segment is also expected to show a CAGR 10%, increasing in value from $532 million in 2010 to $856 million in 2015.

Vertebral repair is a rapidly growing market, directly related to the continued growth of the aging population and osteoporosis-related fractures.  

Fusion devices remain the gold standard of care in spinal surgery. They represent the majority of device revenue, medical expenditure, and volume of surgical procedures utilizing implanted devices by a considerable margin. The non-fusion segment represents novel technologies that have gained a slight foothold in Europe and are slowly emerging from investigational use and into the commercial market space in the U.S.

Minimally-invasive surgeries are garnering great attention as a means of improving patient recovery and reducing surgical costs associated with the treatment of spinal conditions.  Specialized tools and techniques are allowing traditional surgical approaches for both fusion and non-fusion procedures to be adapted to lessen the invasiveness of treatment. Minimally-invasive options for both segments are included within the broad product categories.

The objectives of this report are to present a comprehensive analysis of the market for these orthopedic products and forecast their commercial potential through 2015. 

This report is intended for anyone interested in better understanding the role of the rapidly growing spine segment of the broader orthopedic and biologic markets.  Executives, consultants, trade associations, and marketing professionals in the medical device industry, health insurance industry, orthopedics and biologics fields, and ambulatory surgery and broader hospital sector would benefit from the information in this report.

Spinal Surgical Devices: Technologies and Global Markets( HLC075A )
Publish Date: Aug 2010    

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