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:3/28/2017)...  Viking Therapeutics, Inc. ("Viking") (NASDAQ: VKTX), a clinical-stage ... for metabolic and endocrine disorders, today announced that its ... deliver a corporate presentation at H.C. Wainwright & Co.,s ... April 3, 2017 at the St. Regis Hotel in ... are as follows: H.C. Wainwright ...
(Date:3/28/2017)... March 28, 2017 Focus ... unpredictable sector due to the scientifically intensive operations ... medical, agricultural, environmental, and industrial. In today,s pre-market research, ... Pharmaceuticals Inc. (NASDAQ: PTLA), OvaScience Inc. (NASDAQ: OVAS), ... Inc. (NASDAQ: OCUL ). Learn more ...
(Date:3/27/2017)... WARREN, N.J. , March 27, 2017 Roka ... providing advanced testing solutions for the detection of foodborne pathogens, ... at the Sidoti & Company Spring 2017 Convention on March ... the New York Marriott Marquis. About Roka ... ...
(Date:3/27/2017)... , March 27, 2017  The global market ... 2016, according to a new report from Kalorama ... testing is performed to evaluate disease progression, monitor ... among other reasons.  The healthcare market research firm,s ... , provides an overview of the medical laboratory ...
Breaking Biology Technology:
(Date:3/2/2017)... 2, 2017 Summary This report ... Merck KGaA and its partnering interests and activities since ... Description The Partnering Deals and Alliance since 2010 ... of one of the world,s leading life sciences companies. ... purchase to ensure inclusion of the most up to ...
(Date:2/28/2017)... 2017 News solutions for biometrics, bag drop ... ... 14 to 16 March, Materna will present its complete end-to-end ... travel is a real benefit for passengers. To accelerate the ... passenger touch point solutions to take passengers through the complete ...
(Date:2/22/2017)... LONDON , Feb. 22, 2017 ... by 2021, ABI Research identifies four technologies that ... solutions to secure significant share in the changing ... payments, and passive authentication.   "Companies ... it comes to security," says Dimitrios Pavlakis ...
Breaking Biology News(10 mins):