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Chinese Imitations vs Medtronic and DePuy Synthes: Rapid Growth Expected in the Chinese Spinal Implant Market
Date:8/7/2014

Vancouver, BC (PRWEB) August 07, 2014

August 7, 2014 – Vancouver, BC – According to spinal implant market data released by iData Research (http://www.idataresearch.com), the open surgery spinal implant market in China is projected to be worth over $1 billion by 2019. While DePuy Synthes and Medtronic compete for this market’s top position, domestic competitors collectively threaten both companies by driving down selling prices. Local Chinese medical device providers do not face the same production and distribution costs that international superpowers like DePuy Synthes and Medtronic have to handle.

“Not all, but many local Chinese competitors in this market imitate imported device designs, despite patent laws,” explains Dr. Kamran Zamanian, CEO of iData. “These sell for a fraction of the cost of their imported equivalents and ultimately hold back the overall market value.” For more complex and dangerous spinal implant surgeries, Chinese surgeons tend to favor official DePuy Synthes and Medtronic products.
Other key findings from the iData Research report entitled Chinese and Taiwanese Markets for Spinal Implants:

Domestic Preferences for Degenerative Disease Treatment: Out of the total number of thoracolumbar spinal implant procedures performed in China, 75% were for the treatment of degenerative diseases. Domestically manufactured products are chosen frequently for the treatment of this type of indication, as it tends to involve a less complicated procedure.

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