Global Lumbar Spine Fusion Market 2016-2020
About Spinal Fusion
Spinal fusion surgery is performed in many forms, and all are designed to help limit the pain caused by joints through surgery depending on conditions such as degenerative disc disease (DDD), spondylosyndesis or spondylodesis, and other small problems caused in spine vertebrae. Spine surgery is mostly recommended by surgeons when they pinpoint the source of pain in the individual. To determine this, physicians use imaging tests such as computed tomography (CT), magnetic resonance imaging (MRI), and X-rays.
Technavio’s analysts forecast the global lumbar spine fusion market to grow at a CAGR of 4.9% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global lumbar spine fusion market for 2016-2020. To calculate the market size, we consider revenue generated from the sales of lumbar spine fusion devices to key customer segments such as hospitals and ambulatory surgical centers (ASCs).The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lumbar Spine Fusion Market 2016-2020
Technavio recognizes the following companies as the key players in the global lumbar spine fusion market: DePuy Synthes, Medtronic, NuVasive, Stryker, and Zimmer Biomet.
Other Prominent Vendors in the market are: Aesculap Implant Systems, Alliance Spine, Alphatech Spine, Amedica, AOI Medical, Apollo Spine, Cook Medical, Crosstrees Medical, K2M, LDR Holding, MEDICREA, NuTech Medical, Orthofix International, Paradigm Spine, RTI Surgical, Smith & Nephew, Trans1, Vexim, VTI, and Zavation.
Commenting on the report, an analyst from Technavio’s team said: “that increasing use of surface modified titanium in spinal implants is one of the trends spurring growth for the market. Use of titanium to manufacture spinal implants has increased in the recent years. Spinal implants such as cages, rods, screws, hooks, wires, plates, and bolts are being manufactured with titanium over stainless steel. A new class of titanium implants with nano-roughened (micron-level) surface modifications have been shown to induce greater osteoblast differentiation of culture stem cells than PEEK. These implants are strong, lightweight, and allow for better CT and MRI imaging after implantation with minimum interference. In addition, titanium implants maintain a porous structure on the inner surfaces promoting integration of bone for enhanced fusion and retroserrated toothing on the caudal and cranial surfaces of the implant, providing effective primary stability. Hence, growing use of titanium in spinal implants will contribute to the growth of lumbar fusion market during the forecast period.”
According to the report, rising popularity of physician-owned ASCs is a key driver aiding to the growth of this market. Lumbar fusion surgeries have improved the quality of life of patients and implantation of spine implants have proven to be safe and efficient globally. As most lumbar spine surgeries are minimally invasive, these procedures reduce the risk of infections, need for blood transfusion, and hospital stay; cause minimal blood loss, scarring, lead to quick healing and recovery, and better clinical outcome. Many surgeons started practicing surgeries in an outpatient setting, especially for spine and bone disorders. Some of the spine fusion surgeries such as lumbar fusion procedure can be performed in ASCs. Surgeons are already performing lumbar fusions, TLIFs, and PLIFs regularly in few ASCs. ASCs mostly conduct these surgeries, which are also known as ambulatory or same-day surgeries. Many people are fast becoming aware of the potential benefits of spine fixation surgeries. Minimal complications of these surgeries help in lowering of overall medical expenses, unlike traditional open back surgeries that can increase hospital stay and expenditure.
Further, the report states that complications and risks associated with lumbar fusion is a major challenge the market is facing. There is a risk of potential complications related to spine surgeries. Sometimes, the bones take longer to fuse (known as delayed union) and in some cases the bones do not fuse (known as non-union). This requires a need for a second surgery to allow healing of the bones. In some instances, the metal screws, plates, and rods that form the hardware of spinal implants either break or get displaced. Similar to other surgeries, complications may arise during the implantation of spinal implants. The surgical procedure itself can cause neurological damage or soft tissue damage. Other complications of lumbar fusion implant procedures include implant migration, pseudarthrosis, and transitional syndrome. Also, the risk of infection, spinal cord injury, paralysis, sexual dysfunction, and persistent pain can also be observed in patients with spinal implants. Thus, the potential risk of complications associated with spinal implants is one of the major challenges for the market, which affects the adoption of lumbar fusion surgeries.
DePuy Synthes, Medtronic, NuVasive, Stryker, Zimmer Biomet, Aesculap Implant Systems, Alliance Spine, Alphatech Spine, Amedica, AOI Medical, Apollo Spine, Cook Medical, Crosstrees Medical, K2M, LDR Holding, MEDICREA, NuTech Medical, Orthofix International, Paradigm Spine, RTI Surgical, Smith & Nephew, Trans1, Vexim, VTI, Zavation.