Navigation Links
Medtronic Takes the Lead in the US Spinal Implant Market, Reports iData Research
Date:5/28/2013

Vancouver, BC (PRWEB) May 28, 2013

According to a series of reports published this year by iData Research, the U.S. total spinal implant market was worth over $5.5 billion, with the minimally invasive surgery (MIS) spinal implant market comprising $1.5 billion of that value. MIS spinal implants include spinous process fixation, facet fixation, MIS interbody fusion, pedicle screws, spine endoscopes, and sacroiliac joint fusion, the fastest growing segment. Throughout the last few years, the MIS spinal surgery market has grown at a high rate as MIS techniques have become more popular. This market is expected to maintain double-digit growth rates in the future.

The fastest growing population segment in the U.S. has comprised those over the age of 65. Since the majority of spinal fusions are performed to treat degenerative diseases that are often associated with age, the growing elderly population will cause an increase in the number of annual fusion procedures performed. Studies have shown that over 80% of the population will suffer from lower back pain at some point in their lives. A majority of these cases can be attributed to two main causes: general factors such as muscle strain, injury and overuse; and specific spine conditions such as herniated discs, degenerative disc disease, spondylolisthesis or spinal stenosis. Sacroiliac (SI) joint dysfunction was once thought to be a less common cause for lower back pain. However, recent studies have shown that SI joint dysfunction (SIJD) may be responsible for up to 25% of lower back pain cases.

With the notion that up to a quarter of lower back pain incidents can be attributed to the SI joint, there was an inherent need for an effective and efficient treatment for SIJD. “The call was answered with the introduction SI-BONE’s iFuse Implant System® (iFuse®),” explains Dr. Kamran Zamanian, CEO of iData, “the first minimally invasive system on the market geared towards SI fusion.” SI-BONE received FDA approval to market its iFuse® implants in November 2008. Since its commercial release, the system has contributed to a significant growth in the U.S. SI fusion market. In the last couple of years, Zyga Technology received its 510(k) clearance for the SImmetry™, Globus Medical received 510(k) for the SI-LOK® implant, and SIGNUS Medical is expected to enter the market with the DIALOG™ (or DIANA™ as it is known in European markets). The emergence of additional competitor products will continue to drive growth in this market as awareness of the procedures becomes increasingly rampant though the marketing efforts of these companies.

Medtronic is currently the market leader in the total and MIS spinal implant device markets mostly due to its lead in the thoracolumbar and cervical fixation, and interbody fusion segments, as well as their minimally invasive interbody fusion and pedicle screw markets with their MAST and CD Horizon® portfolios of MIS products. Medtronic’s share in each of these segments collectively put the company at the forefront of the market. Other competitors reported by iData that command significant shares in the spinal implant market include DePuy Synthes, Stryker, Zimmer, and Globus Medical, all of which compete directly with Medtronic in a number of spinal implant segments.

A free synopsis for every report in the global series on the Markets for Spinal Implant Devices covering the U.S., 15 counties in Europe, Brazil, Argentina, Mexico, Japan, India, China, and Taiwan is available here(Spinal Implants) and here (Spinal MIS). The complete reports provide a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players’ success strategies in each segment and sub-segment. The reports cover markets for: MIS interbody fusion, pedicle screws and sacroiliac joint fusion, as well as spinal endoscopes, facet fixation, cervical and thoracolumbar fixation, motion preservation, vertebral compression, and spinal electrical stimulation.

About iData Research

iData Research is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: orthopedic biomaterials, orthopedic trauma, large and small joints, orthopedic soft tissue, and spine and MIS.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10773088.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Medtronic Infuse Bone Graft Questioned As Allegations Unfold – Bisnar
2. Chase Attorneys Offer Free Consultations
3. Medtronic Voted the Most Sought-After Employer by MedReps.com Community
4. Medtronic Infuse bone-graft lawsuit consultation referrals offered by Resource4thePeople
5. 2013 Cases Involving Medtronic Infuse Bone Graft Failure Allegations Now Being Investigated by Resource4thePeople Lawyers
6. Medtronic Infuse Bone Graft Lawsuits: Bernstein Liebhard LLP Notes New Report Predicting Hundreds of Medtronic Infuse Lawsuits
7. Medtronic Infuse Bone Graft Failure Allegation Lawsuits Information Bank for Consumers Now Available through Resource4thePeople
8. Medtronic Infuse Lawsuit News: Bernstein Liebhard LLP Awaits Expected Release of Medtronic-Commissioned Analysis of Infuse Bone Graft Trials
9. Study: Insomnia takes toll on tinnitus patients
10. It takes a village to keep teens substance free
11. Optogenetics project takes top NIDA Addiction Science Award
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... October 13, 2017 , ... Coveros, a leader ... been awarded a contract by the Center for Medicare and Medicaid Services (CMS). ... the enterprise use of Agile methodologies in a consistent and high value manner ...
(Date:10/12/2017)... ... October 12, 2017 , ... CitiDent and San ... using cutting-edge Oventus O2Vent technology. As many as 18 million Americans are ... cessation in breathing. Oral appliances can offer significant relief to about 75 percent ...
(Date:10/12/2017)... ... , ... The American College of Medical Informatics (ACMI) will present the 2017 ... Session of AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium is ... pioneer in the field of medical informatics, this prestigious award is presented to an ...
(Date:10/12/2017)... ... October 12, 2017 , ... HMP , a leader ... a 2017 Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were ... 11, 2017. , The annual award competition recognizes editorial and design excellence across a ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... first interactive health literacy software tool, and the Cancer Patient Education Network (CPEN), ... patient education, today announce a new strategic alliance. , As CPEN’s strategic ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... , Oct. 4, 2017  South Korean-based healthcare ... CPR training aide "cprCUBE" on Kickstarter. The device will ... during cardiac arrests with better efficiency compared to the ... offers real-time feedback on efficacy of the compression for ... campaign has a goal to raise $5,000. ...
(Date:10/2/2017)... Fla. , Oct. 2, 2017  AllianceRx Walgreens ... company formed by Walgreens and pharmacy benefit manager Prime ... its new brand, which included the unveiling of new ... , as well as at a few other ... the new brand to patients, some of whom will ...
(Date:9/27/2017)... for their devotion to personalized service, SMP Pharmacy Solutions announces ... the South Florida Business Journal,s 50 Fastest-Growing Companies, and listed ... national specialty pharmacy has found its niche.  To that end, ... honored by SFBJ as the 2017 Power Leader in Health ... his award in October, Bardisa said of the three achievements, ...
Breaking Medicine Technology: