Navigation Links
Top 5 Global Spinal Implant Companies Maintaining Position but Competition Rising Rapidly
Date:12/8/2009

WALTHAM, Mass., Dec. 8 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the global spinal implant market, including the US, Europe, and Asia Pacific, was valued at over $5 billion in 2008 and will grow to more than $7.5 billion in 2013. MRG's Global Competitor Insights for Spinal Implants 2009 report finds that despite some minor setbacks, the market's top five companies, who collectively owned nearly 78% of the global market in 2008, remain the overwhelming leaders in the market. Nevertheless, competition from smaller companies is intensifying.

While DePuy Spine, Medtronic Spinal and Biologics, Stryker Spine, Synthes Spine, and Zimmer Spine remain the leading market competitors, many smaller companies are gaining share. Though the top spine companies dominate the nonfusion segment, greater product availability and choice will change competitive dynamics in the industry in the coming years. Currently, spine surgeons have limited choices when opting for nonfusion devices, particularly in the US. For each category of nonfusion device, there are only a handful of different devices surgeons can choose from; cervical artificial discs have the most diverse product selection with three different products available in the US. The range of options will expand, however, as more entrants with improved devices as well as new technologies enter the spinal nonfusion market.

"Some of the soon-to-be-released artificial discs, such as Spinal Motion's Kineflex and Kineflex-C as well as Cervitech/NuVasive's PCM, possess innovative features that improve upon devices currently on the market," says Kevin Flewwelling, Manager of the Orthopedics division at MRG. "If a new device from a smaller competitor enters the market and is well-received by surgeons, it could result in very interesting competitive dynamics, possibly leading to a flurry of merger and acquisition activity."

MRG's new report, Global Competitor Insights for Spinal Implants 2009, serves as a tool for evaluating the performance of the top five companies in the global spinal implant market. Each chapter focuses on a leading competitor, and includes an examination of global spinal implant sales segmented by device and region. Each chapter also contains a detailed account of company history, recent events and strategies, as well as a critical discussion of each competitor's strengths, weaknesses, opportunities, and threats (SWOT analysis), including a comprehensive analysis of product portfolios, as well as an examination of major geographies of focus for each company.

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 healthcare 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.

Decision Resources, Inc. 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, Inc. at www.DecisionResourcesInc.com.

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


For more information, contact:

Amy Krohn
Millennium Research Group
416-364-7776 ext. 101
akrohn@mrg.net

Elizabeth Marshall
Decision Resources Inc.
781-296-2563
emarshall@dresources.com

SOURCE Millennium Research Group


'/>"/>
SOURCE Millennium Research Group
Copyright©2009 PR Newswire.
All rights reserved

Related medicine technology :

1. Global Announces Contract To Acquire New Business
2. Despite Limited Capital Equipment Purchases In 2009, The Global Powered Surgical Instrument Market Held Its Value At $800 Million
3. Leading Primary Research Firm Guidepoint Global Announces Launch of Sleep Apnea Tracker
4. New Amgen Scholars Web site Launches to Build a Global Network for Future Scientists
5. Reportlinker Adds Immunoassay Instruments - Global Market Trends
6. Reportlinker Adds Hospital Information Systems - A Global Update of Market Trends & Opportunities
7. Reportlinker Adds EEG/EMG/Brain Function Monitoring - Global Market Trends
8. Reportlinker Adds Electrodes for Medical Devices - A Global Market Perspective
9. Reportlinker Adds Cardiovascular Devices: Technologies and Global Markets
10. Reportlinker Adds Hemoglobin A1c Monitoring - Global Market Trends
11. Reportlinker Adds Pharmaceutical Contract Manufacturing - Global Market Trends
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2016)... 25, 2016 According to market ... Growth and Demand Forecast to 2022 - Industry Insights ... Others)" published by P&S Market Research, the global insulin ... 2015, and it is expected to grow at a ... insulin pump segment is expected to witness the fastest ...
(Date:5/25/2016)... MedDay, a biotechnology company focused on the treatment ... "High doses of biotin in progressive multiple sclerosis: extension phase ... Ayman Tourbah , Principal Investigator of the Phase 3 ... Neurology (EAN) in Copenhagen, Denmark . The ... on Sunday, 29 May 2016 from 14:45 to 16:15 CEST ...
(Date:5/24/2016)... Cirujanos holandeses han puesto en ... médicos a compartir sus mejores prácticas por el mundo ... médicos de Europa, África, Asia ... aplicación, que combina la transmisión en vivo con mensajería ... Educación   "Imagine un médico de Medicines ...
Breaking Medicine Technology:
(Date:5/27/2016)... ... ... Southland Log Homes , designer and manufacturer of America’s Favorite Log Home™, ... found on its website at SouthlandLogHomes.com. , The designs of the wood barn ... of timber post and beam construction. The result is a barn that not ...
(Date:5/27/2016)... ... 27, 2016 , ... This campaign aims to provide a path to improved ... can control and change. , As nearly 795,000 Americans suffering from a new or ... States. Plus, with an estimated 129,000 of these people dying from stroke, it’s become ...
(Date:5/27/2016)... (PRWEB) , ... May 27, 2016 , ... Aimed at ... human interest stories, which come courtesy of leaders in the nursing and health care ... from leading advocates and associations—namely Abilene Christian University. , As the nursing industry ...
(Date:5/26/2016)... ... 2016 , ... W.S. Badger Co. Inc ., the maker of certified ... Work Works Award for its use of effective workplace strategies to increase business and ... administered by the Families and Work Institute (FWI) and the Society for Human Resource ...
(Date:5/26/2016)... (PRWEB) , ... May 26, 2016 , ... On Memorial ... and women who lost their lives in military battle for the country. The ... in 2015 to provide more programs that empower independence for disabled military veterans, as ...
Breaking Medicine News(10 mins):