Innovative products and increased efficacy driving demand for facet
fixation, according to Millennium Research Group
WALTHAM, Mass., Sept. 11 /PRNewswire/ -- According to Millennium Research Group's (MRG) US Markets for Minimally Invasive Spine Technologies 2008 report, the facet fixation market, which includes facet screws, bolts, and allograft implants, will grow at a compound annual growth rate of over 60% from 2007 to 2012. This high growth rate is due to increasing adoption of innovative products from companies such as minSURG, Nutech Medical, US Spine, and VG Innovations, which feature greater ease-of-implantation and increased efficacy compared to predicate facet fixation devices.
Over the next five years, continued adoption of facet fixation products, resulting from rising practitioner awareness due to increasing manufacturer marketing efforts, will contribute to expanding facet fixation procedure volumes. Furthermore, as spine specialists become more comfortable with facet fixation and the growing volume of clinical data supporting it is released, the average number of levels treated per procedure will also rise and will facilitate market growth.
"Initially, it was thought that smaller companies with limited resources would not be able to sufficiently meet surgeons' needs to maximize facet fixation adoption across the US," says Kevin Flewwelling, Manager of MRG's Orthopedics division. "Newer facet fixation techniques, however, are relatively simple to perform compared to other spine treatments, and as such, training can be accomplished easily over the phone, online, or in a cadaver lab."
MRG's US Markets for Minimally Invasive Spine Technologies 2008 report not only covers the facet fixation market, but also the minimally invasive spinal fusion implant and access instrumentation, intradiscal therapies, and discography markets. Additionally, a statistically significant survey of 72 US-based spine surgeons was used to inform the analysis. The report also provides coverage of all key industry competitors, including Abbott Spine, ArthroCare, DePuy Spine, Medtronic Spinal & Biologics, minSURG, Nutech Medical, NuVasive, Smith & Nephew, Stryker, Synthes Spine, TranS1, US Spine, Zimmer Spine, and many more.
Additionally, MRG will be attending the 23rd Annual Meeting of the North American Spine Society (NASS) in Toronto, Canada, where MRG is located, from October 15 to 17, 2008. Come to booth #135 to discover how MRG can help you meet all of your market research needs.
Members of the media are welcome to attend MRG's upcoming spine webinar. The webinar will be held on Tuesday, September 30, 2008 at 11 a.m. EDT. For more information, please contact Amy Krohn at 416-364-7776 ext. 101 or e-mail at email@example.com.
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 solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the health care industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at http://www.DecisionResourcesInc.com.
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|SOURCE Millennium Research Group|
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