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 European 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 European 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 6
2.1 Overview 6
2.2 Market Dynamics 7
2.3 Key Players 7
2.4 Future Outlook 7
2.5 What Do Physicians Think? 8
3 Introduction 9
3.1 Overview 9
3.2 Related Reports 9
4 Industry Overview 9
4.1 Reimbursement Trends 9
4.2 Mergers & Acquisitions 12
5 Unmet Needs and Market Opportunity Analysis 13
5.1 Lack of Definitive Methods to Determine Fusion Performance 13
5.2 Technological Developments in the Use of Long Fusions 14
5.3 Research and Development into Fusion Enhancers 14
5.4 Develop Signature Minimally Invasive Technique 16
5.5 Develop a Device that Provides Real-Time Fusion Updates 17
6 Market Drivers and Barriers 17
6.1 Driver: Gold Standard for Treating Spinal Instability and Degenerative Conditions 17
6.2 Driver: Growth in the Spinal Stenosis Indication 18
6.3 Driver: Expandable Spinal Implants 20
6.4 Driver: Treatment for a Variety of Indications 21
6.5 Driver: Advances in Navigation Technology 21
6.6 Barrier: Incidence of Adjacent Segment Disease 22
6.7 Barrier: Increased Scrutiny over Spinal Fusion’s Necessity in the US 23
6.8 Barrier: Restricted Reimbursement from Private Payers 23
6.9 Barrier: Performance in Treating Axial Back Pain 24
7 Competitive Assessment 25
7.1 Company Market Share 25
7.1.1 Europe 25
7.2 Company Profiles 25
7.2.1 Aesculap 25
7.2.2 Alphatec Spine 27
7.2.3 Amedica Corporation 28
7.2.4 DePuy Synthes 29
7.2.5 Globus Medical 30
7.2.6 K2M 32
7.2.7 Medtronic 33
7.2.8 NuVasive 34
7.2.9 Orthofix 35
7.2.10 SeaSpine 37
7.2.11 Stryker 38
7.2.12 Zimmer Biomet 39
7.3 Pipeline Assessment 41
8 Market Outlook 41
8.1 Procedure Trends 41
8.1.1 Europe 41
8.2 By Geography 45
8.2.1 Europe 45
9 Appendix 52
9.1 Bibliography 52
9.2 Abbreviations 55
9.3 Methodology 57
9.3.1 Overview 57
9.3.2 Coverage 57
9.3.3 Secondary Research 57
9.4 Forecasting Methodology 59
9.5 Primary Research Summary 60
9.5.1 Primary Research - Key Opinion Leader Interviews 60
9.5.2 Expert Panel Validation 60
9.6 About the Authors 61
9.6.1 Analysts 61
9.6.2 Global Head of Medical Devices 61
9.7 About MediPoint 61
9.8 About GlobalData 62
9.9 Contact Us 62
9.10 Disclaimer 62
1.1 List of Tables
Table 1: Overview of European Spinal Fusion Market 6
Table 2: Key Mergers, Acquisitions, and Partnerships in Global Spinal Fusion Market (2015-2016) 12
Table 3: Product Portfolio - Aesculap 26
Table 4: Product Portfolio - Alphatec Spine 27
Table 5: Product Portfolio - Amedica 28
Table 6: Product Portfolio - DePuy Synthes 29
Table 7: Product Portfolio - Globus Medical 30
Table 8: Product Portfolio - K2M 32
Table 9: Product Portfolio - Medtronic 33
Table 10: Product Portfolio - NuVasive 35
Table 11: Product Portfolio - Orthofix 36
Table 12: Product Portfolio - SeaSpine 37
Table 13: Product Portfolio - Stryker 38
Table 14: Product Portfolio - Zimmer Biomet 40
Table 15: Pipeline Assessment, 2016 41
Table 16: Adoption Trend for Spinal Implants for Spinal Fusion Procedures in Key Markets in Europe, 2016 43
Table 17: Europe Spinal Fusion Sales ($m) Forecast, 2014-2023 46
Table 18: Europe Spinal Fusion Sales ($m) Forecast, by Geography, 2014-2023 48
1.2 List of Figures
Figure 1: Europe Spinal Fusion Market Share, 2016 25
Figure 2: Europe Spinal Fusion Procedure Volumes, by Anatomy, 2014-2023 42
Figure 3: Europe Spinal Fusion Procedure Volumes, by Geography, 2014-2023 43
Figure 4: 5EU Interbody Fusion Devices Adoption Trend, by Material, 2016 45
Figure 5: Europe Spinal Fusion Sales ($m) Forecast, 2014-2023 47
Figure 6: Europe Spinal Fusion Market Revenue Distribution, 2016 49
Figure 7: 5EU Spinal Fusion Market Revenue Distribution, by Sub-segment, 2016 50
