The spinal surgery market is one of the fastest growing segments within the orthopedics industry. Advancements in spinal surgical instrumentation and development of novel surgical approaches have expanded the horizons for the treatment of spinal diseases and injuries. The future of the spinal surgery industry is driven by minimally invasive therapy and largely by motion preservation approaches.
New analysis from Frost & Sullivan (medicaldevices.frost.com), U.S. Spinal Surgery Markets, reveals that the market earned revenues of $2 billion in 2006 and estimates this to reach $3.67 billion in 2013.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Spinal Surgery Markets, then send an email to Melina Trevino - Corporate Communications at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
Motion preservative techniques are an alternative approach to spinal fusion. This unique approach uses devices such as artificial discs and prosthetic disc nuclei that aim at preserving the normal physiological motion of the spine. The biomechanics involved in the design of such devices also helps in reducing adjacent segment degeneration.
“In addition to circumventing the need for bone graft and the pain associated with bone graft extraction, motion preservation techniques promise a faster recovery and return to normal activity,” cites Frost & Sullivan Research Analyst, Archana Swathy.
Owing to the increasing rate of disability, manufacturers strive to develop technologies that would cater to a variety of causes affecting the spine including degenerative diseases, arthritis, tumors, malformations, infection, trauma, and injury.
Nearly 15 to 33 percent of the U.S. population, between the age groups 20 and 65, suffers from back pain annually. Occupation-related injury is a key factor contributing significantly to the number of patients suffering from back injury. The ever-demanding patient pool, largely involving the aged and the obese, propels the growth of the spinal surgery market providing the opportunity for spinal implant manufacturers.
However, emerging technologies within the spinal surgery market are highly challenged by insufficient data supporting the long-term efficiency and durability of the implant. Providing substantial clinical data about the safety and efficacy of the implant proves to be difficult for artificial disc developers, as the benefits of the device need to be well defined and substantiate with clinical evidence.
“Medical device manufacturers involved in the development of innovative technologies such as artificial discs and disc nuclei devices to treat spinal conditions must conduct increasingly controlled clinical trials to evaluate and validate the long-term efficiency of the product,” says Archana. The establishment of such clinical data can help gain better acceptance among physicians and patients.
U.S. Spinal Surgery Markets is part of the Medical Devices Growth partnership Service, which also includes research services in the following markets: orthopedic braces and supports, bone growth and spinal fusion stimulators. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership service, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.