Navigation Links
Global Spinal Nonfusion Market to Grow to $1 Billion by 2017, Despite Challenges

TORONTO, Jan. 29, 2013 /PRNewswire/-- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, demographic factors, particularly growth in the over-50 population and increasing obesity, coupled with a growing interest in motion-preserving technologies, will help the global spinal nonfusion market to grow to over $1 billion by 2017.


However, many countries have low or nonexistent reimbursement for spinal nonfusion technologies, in contrast to competing spinal fusion technologies, which are usually well reimbursed. Many spinal nonfusion products are regarded as experimental or investigational, resulting in a lack of reimbursement. As a result, many surgeons are unwilling to adopt them until more definitive, long-term clinical results are available.

Nevertheless, a number of promising new products will soon be launched. Companies such as LDR Spine, Globus Medical and Pioneer Surgical will launch several new spinal nonfusion technologies by 2017, focusing on the more-developed and lucrative United States and European markets. Release of advanced products will come more slowly in other areas. Australia and South Korea will see some adoption of these devices over the next five years, but some market segments, such as facet arthroplasty devices, annulus repair devices and nuclear disc prostheses will not be available in Brazil, India or China before 2017.

Among the significant product launches in the global spinal nonfusion technology market was Globus Medical's SECURE-C cervical artificial disc, which received premarket approval (PMA) by the US Food and Drug Administration (FDA) in 2012. The launch of this device gave Globus Medical access to one of the fastest-growing segments in the global nonfusion spinal technology market.

"Growth in this market will be unevenly distributed by region," said MRG Analyst Daniel Brown . "Market growth in the US will be robust, showing a nearly 19 percent annual growth in procedures through 2017. Procedure growth in Europe will be significantly slower than the US, but will remain a lucrative market for spinal nonfusion technologies. Japan will continue to be a tough market for competitors, because of its strict regulatory guidelines, conservative surgeons and restrictive reimbursement."

Millennium Research Group's Global Markets for Spinal Nonfusion Technologies 2013 report includes unit, average selling price, and revenue information, along with market drivers and limiters and competitive landscape for dynamic stabilization devices, artificial discs, annulus repair devices, nuclear disc prostheses and facet arthroplasty devices sold in the United States, Europe (France, Germany, Italy, Spain, United Kingdom), Asia Pacific (Australia, Japan, South Korea) and BIC (Brazil, India, China).

About Millennium Research Group
Millennium Research Group (, a Decision Resources Group company (, is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group

Alex Jablokow
Millennium Research Group

SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Top buyers including Atico, Coles Group Asia, Kmart, Staples, Office Depot and Target Australia pre-registered to attend Global Sources spring China Sourcing Fairs
2. ConvaTec Donates $10,000 To AAWC Global Volunteers Program Through SAWC Walk For Wellness
3. Qmed, the Leading Global MedTech Industry Resource, Partners with Clarimed, to Provide the Medical Manufacturing and Healthcare Industry with FDA Reports on Adverse Events
4. Attendees Save Up To $800 on Global Healthcare Conferences in 2012 by Registering Through Global Information Inc.
5. Kelyniam Global Inc. Reports Record Cranial Implant Revenues in the 1st Quarter of 2012
6. Varian Medical Systems and Siemens Healthcare Announce Global Collaboration to Advance Clinical Capabilities and Offerings in Radiotherapy and Radiosurgery
7. Ultra Clean to Present at the Jefferies 2012 Global Technology, Media & Telcom Conference
8. Axis Global Logistics Names Mr. Thomas Brennan, Vice President Strategic Accounts & Life Sciences
9. Angeion Appoints Matthew S. Margolies as Executive Vice President - Global Sales
10. OTC Pharmaceuticals: Global Industry Almanac, MarketLine
11. Global Pharmaceutical Leaders All Converging in Parsippany, New Jersey on September 11-12, 2012 for Breakthrough Event
Post Your Comments:
(Date:11/26/2015)... 26, 2015 3D bioprinting market ... to a new report by Grand View Research Inc. Rising ... which demands kidney transplantation is expected to boost the market ... for organ transplantation. --> 3D bioprinting market ... to a new report by Grand View Research Inc. Rising ...
(Date:11/26/2015)... November 26, 2015 ... universitetssjukhus ser potential att använda SyMRI för ... för patienter med multipel skleros (MS) ... med SyntheticMR AB för att kunna använda ... sjukhuset. Med SyMRI kan man generera flera ...
(Date:11/26/2015)... Research and Markets ( ) ... Future Horizons and Growth Strategies in the Italian ... Segment Forecasts, Competitive Intelligence, Emerging Opportunities" report ... --> This new 247-page report ... drug monitoring market, including emerging tests, technologies, instrumentation, ...
Breaking Medicine Technology:
(Date:11/28/2015)... ... November 28, 2015 , ... StatRad , ... added Chris Hafey and Claude Hooton to its board of directors. The announcement ... America (RSNA) 2015 Annual Meeting and continues to strategically transform its focus from ...
(Date:11/28/2015)... ... November 28, 2015 , ... Beginning November 30th at 6:00 a.m. EST until 11:59 p.m. EST, ... With possible savings of up to 20% off orders $80 or more to free gifts ... every few hours. , As a competitive e-commerce website for skin care and cosmetic needs, ...
(Date:11/27/2015)... ... November 27, 2015 , ... According to an article published November ... meeting in Washington D.C. revolved around the fact that proper dental care, both at-home ... stressed the link between periodontal disease (more commonly referred to as gum disease) and ...
(Date:11/27/2015)... (PRWEB) , ... November 27, 2015 , ... ... affecting the health care in America. As people age, more care is needed, ... costs are rising, and medical professionals are being overworked. The forgotten part of ...
(Date:11/27/2015)... ... November 27, 2015 , ... "When ... said an inventor from Hillside, N.J. "Many people catch diseases simply from sitting ... individuals will always be protected from germs." , He developed the patent-pending QUDRATECS ...
Breaking Medicine News(10 mins):