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Global Interventional Spine Devices Market 2017-2021

Global Interventional Spine Devices Market 2017-2021

About Interventional Spine Devices

Interventional spine procedures are used to treat painful spinal conditions. Interventional treatment options are often more efficient and effective than traditional therapy for spinal (back and neck) pain. The new techniques are excellent minimally invasive alternatives to conventional surgery. Lumbar disc disease, sacroiliac joint, and degenerative lumbar facet joints pain account for nearly 70% of the cases of lower back pain. Osteoporosis is a common disease characterized by low back pain and deterioration of bone tissue, which makes the bone fragile and susceptible to fracture. Osteoporosis is also the primary cause for vertebral compression fractures (VCFs) in senior citizens. Vertebral collapse is caused by many complications, particularly osteoporosis, metastatic disease, and hemangiomas. VCFs cause impaired mobility, severe acute and chronic pain, and reduced quality of life.

Technavio’s analysts forecast the global interventional spine devices market to grow at a CAGR of 10.50% during the period 2017-2021.Covered in this report

The report covers the present scenario and the growth prospects of the global interventional spine devices market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various interventional procedure devices to key end-users such as hospitals, ambulatory surgical centers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Interventional Spine Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Medtronic
  • Stryker
  • St. Jude Medical
  • DePuy Synthes
  • Merit Medical
Other prominent vendors
  • AOI Medical
  • Biomet
  • Cook Medical
  • Crosstrees Medical
  • Exactech
  • Globus Medical
  • Greatbatch Medical
  • Integra LifeSciences
  • Interventional Spine
  • joimax
  • K2M
  • NeuroWave Systems
  • Paradigm Spine
  • RS Medical
  • RTI Surgical
  • Stimwave
  • Quandary Medical
  • Vexim
  • Zavation
Market driver
  • Growing demand for MI and non-invasive procedures.
  • For a full, detailed list, view our report
Market challenge
  • Risks associated with interventional spine procedures.
  • For a full, detailed list, view our report
Market trend
  • Emergence of radiofrequency-targeted vertebral augmentation.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Interventional Spine Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global interventional spine devices market: Medtronic, Stryker, St. Jude Medical, DePuy Synthes, and Merit Medical.

Other Prominent Vendors in the market are: AOI Medical, Biomet, Cook Medical, Crosstrees Medical, Exactech, Globus Medical, Greatbatch Medical, Integra LifeSciences, Interventional Spine, joimax, K2M, NeuroWave Systems, Paradigm Spine, RS Medical, RTI Surgical, Stimwave, Quandary Medical, Vexim, and Zavation.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of radiofrequency-targeted vertebral augmentation. The market has been witnessing a trend toward the adoption of radiofrequency targeted vertebral augmentation, a novel percutaneous vertebral augmentation technique used to address some of the limitations of balloon kyphoplasty besides maintaining the benefits of the procedure. According to research studies, radiofrequency-targeted vertebral augmentation significantly reduces back pain severity, reduces pain medication requirements, and improves back function. Further, the remotely controlled cement delivery helps to reduce radiation exposure during vertebral augmentation procedures. As of 2014, the device has been used for the treatment of more than 15,000 spinal fractures worldwide. For instance, Merit Medical’s StabiliT System combines a targeted approach and ultra-high viscosity cement for the treatment of pathological fractures and reduce extravasation in the vertebrae.”

According to the report, one driver in market is increasing incidence of spine and bone disorders. There has been a significant rise in the incidence of spinal disorders across the world over the last decade. This is expected to fuel the market growth. The most common spinal disorders include spondylolisthesis, degenerative disc disease, herniated discs, prolapsed intervertebral disc, and spinal stenosis. Disc herniation is a result of age-related degeneration of the annulus fibrosis or trauma, lifting injuries, or straining. Approximately one-third of adults above the age of 20 shows signs of herniated disks. According to some research studies, 56% of individuals have disc bulging, and 20% to 35% of working age adults suffer from asymptomatic disc herniation. It has been estimated that lumbar disc herniation occurs 15 times more often than cervical disc herniation and is one of the major causes of lower back pain. Nearly 4%-6% of the global population is affected by this disorder, and there has been an increase in the prevalence of spondylolisthesis in gymnasts, weight lifters, and football linemen.

Further, the report states that one challenge in market is availability of alternate medication options. Opioid analgesic drugs are the major alternative treatment options available for interventional spine procedures. These drugs have been used for a long time. Despite the devices being highly effective and safer than drugs, they are still less preferred. The reason for the low preference for devices is attributed to the low cost of drugs and their non-invasive nature. Also, the introduction of innovative drug delivery techniques and improved drugs in the pipeline provides a strong competition to these devices. In addition, there is an increased demand for interventional pain therapies, such as non-narcotic treatments for chronic pain. According to research findings, the demand for epidurals increased by more than 120% between 2000 and 2008, and is still maintaining its double-digit growth. In APAC, alternative treatments like Ayurveda, yoga, and physiotherapy play a prominent role in chronic pain management. In recent years, many healthcare institutions have promoted these treatment methods as a preventive measure. Thus, these factors hinder the growth of the global interventional spine market. Some of the injections which are in use to treat spine-related disorders include epidural steroid injections, facet joints injections, and trigger point injections.

Companies Mentioned

Medtronic, Stryker, St. Jude Medical, DePuy Synthes, Merit Medical, AOI Medical, Biomet, Cook Medical, Crosstrees Medical, Exactech, Globus Medical, Greatbatch Medical, Integra LifeSciences, Interventional Spine, joimax, K2M, NeuroWave Systems, Paradigm Spine, RS Medical, RTI Surgical, Stimwave, Quandary Medical, Vexim, Zavation.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Market snapshot
      • Table Snapshot of the global interventional spine market 2016
  • Market landscape
    • Market overview
      • Table Snapshot of global interventional spine market
      • Table Global interventional spine market analysis: Developed and emerging market
      • Table Global interventional spine market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Reimbursement scenario
    • Reimbursements in the US
      • Table Interventional spine outpatient procedures (Hospitals)
    • Reimbursement scenario in other major countries
  • Cost analysis
  • Market segmentation by procedure
    • Table Global interventional spine market segmentation by procedure
    • Table Global interventional spine market segmentation by procedure 2016 2021
    • Table Global interventional spine market segmentation by procedure 2016
    • Table Global interventional spine market segmentation by procedure 2016: Lifecycle analysis
    • Vertebroplasty
      • Table Steps involved in vertebroplasty procedure
      • Table Number of vertebroplasty procedures 2015-2020 (in 1000s)
      • Table Complication rates in vertebroplasty
      • Table Global vertebroplasty market 2016-2021 ($ millions)
    • Kyphoplasty
      • Table Global kyphoplasty procedures volume 2015-2020 (in 1000s)
      • Table Complication rates of kyphoplasty
      • Table Steps involved in kyphoplasty
      • Table Global Kyphoplasty market 2016-2021 ($ millions)
    • Radiofrequency ablation
      • Table Radiofrequency ablation procedure
      • Table Global radiofrequency ablation market 2016-2021 ($ millions)
    • Others
      • Table Percentage share of other procedures in global interventional spine market 2016
    • Market overview
      • Table Global interventional spine market by others 2016-2021 ($ millions)
      • Table Global interventional spine market: Impact analysis 2016-2021
      • Table Global Interventional spine market segmentation by procedure 2016-2021 ($ millions)
      • Table Global Interventional spine market segmentation by procedure 2016-2021 (%)
  • Market segmentation by end-user
    • Hospitals
    • ASCs
  • Geographical segmentation
    • Table Global interventional spine market segmentation by geography2016 and 2021 (%)
    • Table Global interventional spine market segmentation by geography 2016
    • Table Global interventional spine market segmentation by geography 2016: Lifecycle analysis
    • Table Global interventional spine market segmentation by geography: Analysis
    • Interventional spine market in Americas
      • Table Interventional spine market in Americas 2016-2021 ($ millions)
    • Interventional spine market in EMEA
      • Table Interventional spine market in EMEA 2016-2021 ($ millions)
    • Interventional spine market in APAC
      • Table Interventional spine market in APAC 2016-2021 ($ millions)
      • Table Global interventional spine market segmentation by geography 2016-2021 ($ millions)
      • Table Global interventional spine market segmentation by geography 2016-2021 (%)
  • Market drivers
    • Increasing incidence of spine and bone disorders
    • Growing demand for MI and non-invasive procedures
    • Favorable reimbursement scenario
    • Advances in technology
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Availability of alternate medication options
      • Table Major alternative treatment methods for spine pain management
    • Risks associated with interventional spine procedures
    • High entry barriers for new players
    • Declining popularity of vertebroplasty in US
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Focus on reducing risks of cement leakages
    • Emergence of radiofrequency-targeted vertebral augmentation
      • Table Cement leakage rates in 2013
    • Increase in M&A
      • Table Major M&As in global interventional spine
    • Focus on emerging countries
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global interventional spine market 2016
      • Table Market share analysis of interventional spine market 2016
      • Table Competitive landscape analysis of global interventional spine market 2016
      • Table Strategic success factors of companies in global interventional spine market
    • Key news
    • Others
    • Mergers and acquisitions
  • Key vendor analysis
    • Medtronic
      • Table Medtronic: Key highlights
      • Table Medtronic: Strength assessment
      • Table Medtronic: Strategy assessment
      • Table Medtronic: Opportunity assessment
    • Stryker
      • Table Stryker: Key highlights
      • Table Stryker: Strength assessment
      • Table Stryker: Strategy assessment
      • Table Stryker: Opportunity assessment
    • St. Jude Medical
      • Table St. Jude Medical: Key highlights
      • Table St. Jude Medical: Strength assessment
      • Table St. Jude Medical: Strategy assessment
      • Table St. Jude Medical: Opportunity assessment
    • DePuy Synthes
      • Table DePuy Synthes: Key highlights
      • Table DePuy Synthes: Strength assessment
      • Table DePuy Synthes: Strategy assessment
      • Table DePuy Synthes: Opportunity assessment
    • Merit Medical
      • Table Merit Medical: Key highlights
      • Table Merit Medical: Strength assessment
      • Table Merit Medical: Strategy assessment
      • Table Merit Medical: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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