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:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
(Date:6/24/2016)... , June 24, 2016  Collagen Matrix, ... design, development and manufacturing of collagen and mineral ... announced today that Bill Messer has ... Marketing to further leverage the growing portfolio of ... devices. Bill joins the Collagen Matrix ...
(Date:6/24/2016)... Dublin - ... " Global Markets for Spectroscopy Equipment" report ... This report focuses on the global market of ... applications in various applications. The report deals with spectroscopy ... industries: pharmaceutical and biotechnology, food and beverage, and environmental ...
Breaking Medicine Technology:
(Date:6/26/2016)... Aliso Viejo, California (PRWEB) , ... June 26, 2016 , ... ... for Final Cut Pro X. , "Film editors can give their videos a whole ... artistically," said Christina Austin - CEO of Pixel Film Studios. , ProSlice Levels ...
(Date:6/25/2016)... ... 25, 2016 , ... Experts from the American Institutes for ... Meeting June 26-28, 2016, at the Hynes Convention Center in Boston. , AIR ... care planning, healthcare costs and patient and family engagement. , AIR researchers will ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room , the largest ... as the Medical Director of its new Mesquite-Samuell Farm facility. , “We are ... Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency ...
(Date:6/25/2016)... ... ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter of ... too high can result in disappointment, perhaps even self-loathing. However, those who set the ... Research from PsychTests.com reveals that behind the tendency to set low expectations ...
(Date:6/24/2016)... ... ... in a crisis. Her son James, eight, was out of control. Prone to extreme mood ... something upset him, he couldn’t control his emotions,” remembers Marcy. “If there was a ... children and say he was going to kill them. If we were driving on ...
Breaking Medicine News(10 mins):