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 wa
|SOURCE Millennium Research Group|
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