Two new products to allow for additional spine treatments performed during discectomy procedures, according to Millennium Research Group
WALTHAM, Mass., June 29 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, new annulus repair devices that have entered the European spinal implant market will be key factors contributing to market growth through 2013. MRG's European Markets for Spinal Implants 2009 report finds that the annulus repair segment will form a niche market within the European spinal implant market that will exceed $670 million by 2013.
In April 2009, the first annulus repair device became available in Europe when Intrinsic Therapeutics' Barricaid device received CE marking. Later that month, Magellan Spine Technologies' Disc Annular Repair Technology (DART) System was also granted approval. As these and other companies increasingly promote their products and train surgeons to use them, adoption of annulus repair devices will grow rapidly through 2013.
"Through 2013 and beyond, companies will continue their efforts to demonstrate the benefits of combining annulus repair devices with discectomies, namely fewer costly revisions," says Kevin Flewwelling, Manager of MRG's Orthopedics division. "This will not only boost surgeon confidence in the procedures, which at the moment is low because the devices are so new, but it will also encourage governments and regulatory bodies across Europe to grant reimbursement for annulus repair devices because it will reduce the number of expensive discectomy revisions."
The accumulation of clinical evidence and socioeconomic data that displays how governments can save money by reducing discectomy revisions will be supported by the entrance of new competitors, such as Anulex Technologies, the 2008 leader of the US annulus repair market. The growth of leading competitors, such as Intrinsic Therapeutics and Anulex Technologies, will result in additional resources available to promote annulus repair technology to European surgeons and governments. This will drive uptake of annulus repair devices and expand procedure volumes.
MRG's European Markets for Spinal Implants 2009 report provides various segments of the spinal fusion implant market as well as the market for spinal nonfusion treatments, such as interspinous process decompression devices, pedicle screw-based dynamic stabilization systems, artificial discs, nuclear disc prostheses, annulus repair devices, and facet arthroplasty devices. This report allows clients to assess the effects of the economic downturn, plan for the future, tap into deep segmentation, and leverage up-to-date market shares and in-depth qualitative insights for France, Germany, Italy, Spain and the UK.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.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 multiclient market research, ongoing Marketrack(TM) projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.
About Decision Resources, Inc.
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|SOURCE Millennium Research Group|
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