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Global Spinal Nonfusion Market to Grow to $1 Billion by 2017, Despite Challenges
Date:1/29/2013

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 (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strate
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SOURCE Millennium Research Group
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