Navigation Links
Competition Alive in the Global Spine Market
Date:6/24/2008

Acquisitions, innovation, and diversification intensifies competition

between spine companies, according to Millennium Research Group

WALTHAM, Mass., June 24 /PRNewswire/ -- According to Millennium Research Group's (MRG's) Global Competitor Insights for Spinal Fusion Technologies 2008 report, the spinal fusion market is rife with competitive movements -- including acquisitions, innovation, and diversification -- driving the market to over $5.2 billion by 2012.

In 2007 alone, numerous acquisitions shook up the global spine market. For instance, in February, Zimmer announced its takeover of Endius, a minimally invasive-focused spine technology company. Later that year, Medtronic announced its acquisition of Kyphon, and Synthes' acquisition of N Spine followed in November of the same year. These are just a selection of the strategic initiatives that companies are investigating in order to expand their customer base and market shares in the dynamic spine market.

"Competition is also intensifying through new product designs and enhancements," says Kevin Flewwelling, Manager of MRG's Orthopedics division. "The development of minimally invasive and nonfusion technologies is particularly noteworthy here, with almost every market leader now offering minimally invasive access instrumentation and developing a selection of motion preservation devices, if they haven't already launched such devices on the market."

Diversification outside of the core spinal fusion business will further fuel competition, with such companies as NuVasive and DePuy diving into new segments of the spine market. In May 2008, NuVasive agreed to acquire Osteocel, giving the former company a stronger presence in the bone graft substitute market. DePuy moved into the minimally invasive vertebral compression fracture treatment market in November 2007 with the purchase of the Confidence vertebroplasty system from Kyphon, which the company had to divest post its Disc-O-Tech Medical Technologies acquisition.

The Global Competitor Insights for Spinal Fusion Technologies 2008 report details the top 10 global competitors in the spinal fusion market and critically analyzes each company on the following factors:

-- Spinal Fusion Product Offerings

-- Recent Events/Strategy

-- Clinical Trials

-- Global Sales Performance (US, Europe, and Asia Pacific)

-- S.W.O.T. Analysis

Companies featured in this report include Abbott Spine, Biomet Spine, Blackstone Medical, DePuy Spine, Globus Medical, Medtronic Spinal and Biologics, NuVasive, Stryker Spine, Synthes Spine, and Zimmer Spine. MRG offers a wide range of spine reports covering markets such as spinal fusion, spinal nonfusion, minimally invasive spinal fusion technologies, and vertebral compression fracture treatments.

About Millennium Research Group

Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc. company (http://www.DecisionResources.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the health care sector. The company provides specialized industry expertise through published reports, ongoing Marketrack(TM) projects, and customized consulting services.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Amy Krohn

Millennium Research Group

416-364-7776 x101

akrohn@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. Advance Nanotechs Owlstone Subsidiary Selected as One of Four Finalists in The 2008 Royal Academy of Engineering MacRobert Awards Competition
2. Tepper School Team Takes Top Honors at Global Moot Corp(R) Competition
3. Halogen Announces Record Year - Company Solidifies Leadership Position, Secures Strategic Wins Over Competition
4. Beyond DTC: Pharma Industry Faces New Challenges, Competition, Strategies for Market Dominance
5. NCIIA Announces Launch of 4th Annual Student Biomedical Innovation Competition
6. DNA Sequencing Equipment Market to Fragment and Grow as Competition, New Technologies Develop
7. Sinovac Receives Healive(R) and Bilive(R) Purchase Orders from Provincial CDCs for Earthquake Disaster Areas
8. Sinovac Receives RMB 20 Million Purchase Order for Healive from Chinas Ministry of Health to Vaccinate Earthquake Victims
9. C3i Teams with Oracles Health Sciences Global Business Unit to Provide Customers with Clinical Training and Support Services
10. BioHorizons Global Symposium 2008 Combines Record Attendance with Groundbreaking Technology
11. AMDL, Inc. Retains Strategic Growth International Inc. as its Global Investor Relations Advisor
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... 2016 /PRNewswire/ - FACIT has announced the creation ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" or "the ... a portfolio of first-in-class WDR5 inhibitors for the ... WDR5 represent an exciting class of therapies, possessing ... for cancer patients. Substantial advances have been achieved ...
(Date:6/23/2016)...  The Biodesign Challenge (BDC), a university competition that ... living systems and biotechnology, announced its winning teams at ... New York City . The teams, ... at MoMA,s Celeste Bartos Theater during the daylong summit. ... curator of architecture and design, and Suzanne Lee ...
(Date:6/23/2016)... June 23, 2016 Apellis Pharmaceuticals, Inc. ... clinical trials of its complement C3 inhibitor, APL-2. ... multiple ascending dose studies designed to assess the ... subcutaneous injection in healthy adult volunteers. ... as a single dose (ranging from 45 to ...
(Date:6/23/2016)... ... June 23, 2016 , ... ... and technical consulting, provides a free webinar on Performing Quality Investigations: ... 2016 at 12pm CT at no charge. , Incomplete investigations are still a ...
Breaking Biology Technology:
(Date:5/16/2016)... YORK , May 16, 2016   EyeLock ... solutions, today announced the opening of an IoT Center ... to strengthen and expand the development of embedded iris ... an unprecedented level of convenience and security with unmatched ... authenticate one,s identity aside from DNA. EyeLock,s platform uses ...
(Date:5/9/2016)... UAE, May 9, 2016 Elevay ... comes to expanding freedom for high net worth professionals ... in today,s globally connected world, there is still no ... could ever duplicate sealing your deal with a firm ... passports by taking advantage of citizenship via investment programs ...
(Date:4/28/2016)... and BANGALORE, India , April 28, 2016 ... a product subsidiary of Infosys (NYSE: INFY ), ... a global partnership that will provide end customers ... mobile banking and payment services.      (Logo: ... innovation area for financial services, but it also plays a ...
Breaking Biology News(10 mins):