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 North America spinal fusion market has been estimated in this report up to 2023.
*This is an on-demand report and will be delivered within 4 working days (excluding weekends) of the purchase.
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 North 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
'
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 10
4.1 Reimbursement Trends 10
4.2 Mergers & Acquisitions 13
5 Unmet Needs and Market Opportunity Analysis 14
5.1 Lack of Definitive Methods to Determine Fusion Performance 14
5.2 Technological Developments in the Use of Long Fusions 14
5.3 Research and Development into Fusion Enhancers 15
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 18
6.1 Driver: Gold Standard for Treating Spinal Instability and Degenerative Conditions 18
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 22
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 24
6.9 Barrier: Performance in Treating Axial Back Pain 24
7 Competitive Assessment 25
7.1 Company Market Share 25
7.1.1 North America 25
7.2 Company Profiles 26
7.2.1 Aesculap 26
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 34
7.2.8 NuVasive 35
7.2.9 Orthofix 36
7.2.10 SeaSpine 37
7.2.11 Stryker 39
7.2.12 Zimmer Biomet 40
7.3 Pipeline Assessment 41
8 Market Outlook 42
8.1 Procedure Trends 42
8.1.1 North America 42
8.2 By Geography 46
8.2.1 North America 46
9 Appendix 49
9.1 Bibliography 49
9.2 Abbreviations 53
9.3 Methodology 55
9.3.1 Overview 55
9.3.2 Coverage 55
9.3.3 Secondary Research 55
9.4 Forecasting Methodology 57
9.5 Primary Research Summary 58
9.5.1 Primary Research - Key Opinion Leader Interviews 58
9.5.2 Expert Panel Validation 58
9.6 About the Authors 59
9.6.1 Analysts 59
9.6.2 Global Head of Medical Devices 59
9.7 About MediPoint 59
9.8 About GlobalData 60
9.9 Contact Us 60
9.10 Disclaimer 60
1.1 List of Tables
Table 1: Overview of North America Spinal Fusion Market 6
Table 2: Key Mergers, Acquisitions, and Partnerships in Global Spinal Fusion Market (2015-2016) 13
Table 3: Product Portfolio - Aesculap 27
Table 4: Product Portfolio - Alphatec Spine 28
Table 5: Product Portfolio - Amedica 29
Table 6: Product Portfolio - DePuy Synthes 30
Table 7: Product Portfolio - Globus Medical 31
Table 8: Product Portfolio - K2M 33
Table 9: Product Portfolio - Medtronic 34
Table 10: Product Portfolio - NuVasive 35
Table 11: Product Portfolio - Orthofix 37
Table 12: Product Portfolio - SeaSpine 38
Table 13: Product Portfolio - Stryker 39
Table 14: Product Portfolio - Zimmer Biomet 40
Table 15: Pipeline Assessment, 2016 42
Table 16: Adoption Trend for Spinal Implants for Spinal Fusion Procedures in Key Markets in North America, 2016 44
Table 17: North America Spinal Fusion Sales ($m) Forecast, 2014-2023 46
Table 18: North America Spinal Fusion Sales ($m) Forecast, by Geography, 2014-2023 47
1.2 List of Figures
Figure 1: North America Spinal Fusion Market Share, 2016 26
Figure 2: North America Spinal Fusion Procedure Volumes, by Anatomy, 2014-2023 43
Figure 3: North America Spinal Fusion Procedure Volumes, by Geography, 2014-2023 44
Figure 4: US Interbody Fusion Devices Adoption Trend, by Material, 2016 45
Figure 5: North America Spinal Fusion Sales ($m) Forecast, 2014-2023 47
Figure 6: North America Spinal Fusion Market Revenue Distribution, by Geography, 2016 48
Figure 7: US Spinal Fusion Market Revenue Distribution, by Sub-segment, 2016 49
