The spine implants help in correcting deformities of the spine and restoring the function of the spine. Some of the conditions that require the use of spine implants are spondylolisthesis, chronic degenerative disc diseases (DDDs), traumatic fracture, and other forms of spinal instability including scoliosis. These implants are mainly composed of titanium, stainless steel, polyether ether ketone (PEEK), carbon fiber, and other bio-absorbable materials.
Technavio’s analysts forecast the spine implants market in the US to grow at a CAGR of 5.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the spine implants market in the US for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales generated from the sales of spine implants.
Technavio's report, Spine Implants Market in the US 2016-2020, 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.
Other prominent vendors
AccelSPINE (CTL Medical Group)
Spine Surgical Innovations
Increasing prevalence of spinal disorders such as spinal stenosis
What will the market size be in 2020 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?
Technavio Announces the Publication of its Research Report – Spine Implants Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the spine implants market in the US: Medtronic, DePuy Synthes, Stryker, and NuVasive
Other Prominent Vendors in the market are: AccelSPINE, AESCULAP, Alliance Spine, Alphatec Spine, Amedica Corporation, Globus Medical, K2M, LDR, Life Spine, Orthofix, Paradigm Spine, Precision Spine, RTI Surgical, Spine Surgical Innovations, Spineology, Titan Spine, TranS1, Wenzel Spine, Zimmer-Biomet, and Zyga Technology
Commenting on the report, an analyst from Technavio’s team said: “Robotic technology is a widely used technology in the US and the adoption of the technology is faster. The robotic technology allows the surgeons to plan the surgery and retain accuracy of the procedure. The technology customization is an added advantage in providing better patient solutions. This technology helps in guiding the surgeon during the procedure. In the US, about 1.34 million spine surgeries are carried out in a year. The surgical robots would help in reducing the procedure cost and healthcare expenditure in the country. The market penetration of surgical robots is about 35% and it is likely to grow further in the future helping in maintaining the accuracy of the procedure.”
According to the report, spinal stenosis is the condition where the narrowing of space occurs in the spine, which increases pressure on the spinal cord and nerves. About 75% of the spinal stenosis cases were reported to occur in the lumbar spine region. There is a rise in the prevalence of this spinal disorder due to the changes in lifestyle, increasing older population, and rise in obesity cases in the country
Further, the report states that the high procedure cost has led to the shift of patients from invasive to MIS procedures. Spinal procedures are increasing due to the changes in lifestyle and increasing older population in the country. Most of the spinal procedures are covered under Medicare, due to which the number of spinal procedures is rising in the country.