Spine market is categorized into four disorders: degenerative conditions, deformities, trauma-based disorders and tumors. Spinal implants include both fusion and non-fusion devices: devices associated with Vertebral Compression Fracture (VCF), interbody devices, cervical, thoracolumbar, and spinal stimulation devices. Introduction of motion preserving technologies like artificial disc replacement, interspinous spacers, and dynamic stabilization technologies in the recent past have provided surgeons with alternatives to fusion for some patients with these conditions.
The fastest growing segments in orthopedic market are orthobiologics, spine and trauma, but spine contributes the most. Growth continues to be fuelled by number of factors including the ageing population, the uptake of orthopedic surgery at an earlier age, physiological problems due to the increasing incidence of obesity, the development of better and longer-lasting implants and materials, as well as the new procedures, in particular, minimally-invasive procedures. The growing economic prosperity of countries like India and China has provided growth opportunity in orthopedic surgeries in Asia-pacific.
The US spinal fusion market is thriving on the back of aging population, growing number of younger patients due to rise in income level and urbanization, changing lifestyles, and good reimbursement with product innovations. Statistics suggest that millions of people are likely to suffer from osteoporosis in the US alone. The spine segment holds the largest share in the osteoporotic related compression fractures in the US.
DePuy Spine, Medtronic Spinal and Biologics, Stryker Spine, Synthes Spine, and Zimmer Spine are some of the leading market competitors, followed by many smaller companies which are gradually gaining share. Medtronic is the clear market leader, having bolstered its position with the 2007 acquisition of Kyphon.
The report offers an analysis of the global spine market. It also discusses major market trends, growth drivers, and BCG & Industry analysis and market segments. It presents the competitive structure of the industry and profiles major players in the spine market with a discussion of their key business strategies.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables, and tests.