Summary
The spinal fusion market is an established orthopedic market that has witnessed sluggish revenue growth in the past five years. GlobalData evaluated the currently-marketed spinal fusion implants, identified the unmet needs in the market, and provided an understanding of surgeons’ perceptions of the latest advances, such as expandable interbody cages. As the global healthcare system is now trending towards solutions that can lead to equivalent clinical outcomes at lower cost, companies need to weather the inevitable price wars and update their business strategies in order to confront market realities. Given the heightened competitive pressures and shrinking reimbursement, the average selling prices for spinal fusion products are expected to continue to decline in almost all of the geographies covered in this report, partially offsetting the healthy growth of procedure volumes.
The South America spinal fusion market has been estimated in this report up to 2023.
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Highlights
Key Questions Answered
- Given the escalating healthcare financial burden, many countries have put measures in place to cap reimbursement for spinal fusion implants. How will the South America spinal fusion market evolve in the next five years?
- Which are the key, high growth markets that device manufacturers should expand into? Which markets are growing the fastest, and what are the top-selling products?
- With developing the next-generation of devices, what aspects of the technology are device manufacturers focused on optimizing?
Reasons to buy
- “What Do Physicians Think” quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.
Companies Mentioned
Aesculap
Alphatec Spine
Amedica Corporation
DePuy Synthes
Globus Medical
K2M
Medtronic
NuVasive
Orthofix
SeaSpine
Stryker
Zimmer Biomet
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1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 3
1.2 List of Figures 4
2 Executive Summary 5
2.1 Overview 5
2.2 Market Dynamics 5
2.3 Key Players 6
2.4 Future Outlook 6
2.5 What Do Physicians Think? 6
3 Introduction 7
3.1 Overview 7
3.2 Related Reports 8
4 Industry Overview 8
4.1 Reimbursement Trends 8
4.2 Mergers & Acquisitions 11
5 Unmet Needs and Market Opportunity Analysis 12
5.1 Lack of Definitive Methods to Determine Fusion Performance 12
5.2 Technological Developments in the Use of Long Fusions 13
5.3 Research and Development into Fusion Enhancers 13
5.4 Develop Signature Minimally Invasive Technique 14
5.5 Develop a Device that Provides Real-Time Fusion Updates 16
6 Market Drivers and Barriers 16
6.1 Driver: Gold Standard for Treating Spinal Instability and Degenerative Conditions 16
6.2 Driver: Growth in the Spinal Stenosis Indication 17
6.3 Driver: Expandable Spinal Implants 19
6.4 Driver: Treatment for a Variety of Indications 20
6.5 Driver: Advances in Navigation Technology 20
6.6 Barrier: Incidence of Adjacent Segment Disease 21
6.7 Barrier: Increased Scrutiny over Spinal Fusion’s Necessity in the US 21
6.8 Barrier: Restricted Reimbursement from Private Payers 22
6.9 Barrier: Performance in Treating Axial Back Pain 23
7 Competitive Assessment 23
7.1 Company Market Share 23
7.1.1 South America 23
7.2 Company Profiles 24
7.2.1 Aesculap 24
7.2.2 Alphatec Spine 25
7.2.3 Amedica Corporation 26
7.2.4 DePuy Synthes 27
7.2.5 Globus Medical 28
7.2.6 K2M 30
7.2.7 Medtronic 32
7.2.8 NuVasive 33
7.2.9 Orthofix 34
7.2.10 SeaSpine 35
7.2.11 Stryker 37
7.2.12 Zimmer Biomet 38
7.3 Pipeline Assessment 39
8 Market Outlook 40
8.1 Procedure Trends 40
8.1.1 South America 40
8.2 By Geography 42
8.2.1 South America 42
9 Appendix 44
9.1 Bibliography 44
9.2 Abbreviations 48
9.3 Methodology 50
9.3.1 Overview 50
9.3.2 Coverage 50
9.3.3 Secondary Research 50
9.4 Forecasting Methodology 52
9.5 Primary Research Summary 53
9.5.1 Primary Research - Key Opinion Leader Interviews 53
9.5.2 Expert Panel Validation 53
9.6 About the Authors 54
9.6.1 Analysts 54
9.6.2 Global Head of Medical Devices 54
9.7 About MediPoint 54
9.8 About GlobalData 55
9.9 Contact Us 55
9.10 Disclaimer 55
1.1 List of Tables
Table 1: Overview of South America Spinal Fusion Market 5
Table 2: Key Mergers, Acquisitions, and Partnerships in Global Spinal Fusion Market (2015-2016) 11
Table 3: Product Portfolio - Aesculap 25
Table 4: Product Portfolio - Alphatec Spine 26
Table 5: Product Portfolio - Amedica 27
Table 6: Product Portfolio - DePuy Synthes 28
Table 7: Product Portfolio - Globus Medical 29
Table 8: Product Portfolio - K2M 31
Table 9: Product Portfolio - Medtronic 32
Table 10: Product Portfolio - NuVasive 33
Table 11: Product Portfolio - Orthofix 34
Table 12: Product Portfolio - SeaSpine 36
Table 13: Product Portfolio - Stryker 37
Table 14: Product Portfolio - Zimmer Biomet 38
Table 15: Pipeline Assessment, 2016 40
Table 16: Adoption Trend for Spinal Implants for Spinal Fusion Procedures in Key Markets in South America, 2016 42
Table 17: South America Spinal Fusion Sales ($m) Forecast, 2014-2023 42
Table 18: South America Spinal Fusion Sales ($m) Forecast, by Geography, 2014-2023 43
1.2 List of Figures
Figure 1: South America Spinal Fusion Market Share, 2016 24
Figure 2: South America Spinal Fusion Procedure Volumes, by Anatomy, 2014-2023 41
Figure 3: South America Spinal Fusion Procedure Volumes, by Geography, 2014-2023 41
Figure 4: South America Spinal Fusion Sales ($m) Forecast, 2014-2023 43
Figure 5: South America Spinal Fusion Market Revenue Distribution, 2016 44
