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According to a new series of reports on the Europe market for spinal implants by iData Research, growth is largely driven by motion preservation devices, most notably artificial discs, as well as growth in the vertebral compression fracture market. Traditional fusion markets are expected to show strong rates of growth but will eventually begin to stabilize in value over the next several years as motion preservation and minimally invasive spinal procedures become increasingly common.
“Growth in the motion preservation device market will be fueled by the release of a vast array of new devices in already established markets, most notably the cervical and lumbar artificial disc markets,” explains Jeffrey Wong, Strategic Analyst Manager at iData Research. “The motion preservation device market will cannibalize all segments of the fusion market, including interbody, thoracolumbar and cervical fixation.”
Non-fusion spinal technology addresses spine complications that are generally present in the older segment of the population. Across Europe, the percentage of patients over 50 consists of approximately 34% of the total population. Over the next few decades, this percentage is expected to increase by nearly 10%. Growth in this demographic will have a positive effect on the growth of both fusion and non-fusion spinal procedures. Procedure number growth, as well as favorable reimbursement policies, will drive the motion preservation device market. Growth rates will be maintained going forward due to the release of multiple products in established segments such as artificial discs.
Growth of the artificial disc market over the next several years will be fueled primarily by cervical artificial discs (CADs) due to their simpler approach, favorable clinical results and lower average selling prices, along with a favorable reimbursement environment. Furthermore, second generation artificial disc designs will also augment the market.
Medtronic is the leading competitor in the European motion preservation market due to a strong presence in the CAD and interspinous process decompression device markets. The company’s Prestige® CAD was the first artificial disc approved for use in the cervical spine. In 2009, Medtronic also released the Bryan® CAD. With both the Prestige® and Bryan® CADs, Medtronic will further strengthen its stake in the artificial disc market. Zimmer Biomet was the second leading company in the European motion preservation market due to the company’s shares in the cervical artificial disc and lumbar cervical disc markets. Zimmer Biomet acquired the company LDR in 2016; LDR had received FDA approval in 2013 for its cervical artificial disc which is sold under the brand name Mobi-C®. This was the first cervical disc which was approved for both one and two-level indications by the FDA. Additional competitors in the European motion preservation market includes Spinal Kinetics, DePuy Synthes, Paradigm Spine, Globus Medical, Cousin Biotech, Ulrich Medical and SpineVision among others.
For Further Information
More on the motion preservation device market in Europe can be found in a series of reports published by iData Research entitled the Europe Market Report Suite for Spinal Implants and VCF Devices. The full report suite includes segments for traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, vertebral compression fracture (VCF) treatment, spinal electrical stimulation and spinal instrumentation.
Reports provide a comprehensive analysis including units sold, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. To find out more about motion preservation device market and procedure data, register online or email us at [email protected] for a Europe Market Report Suite for Spinal Implants and VCF Devices brochure and synopsis.
About iData Research
iData Research is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Wound Management, Orthopedic Soft Tissue, Orthopedic Biomaterials, Orthopedic Soft Tissue Reinforcement and Regeneration, Spinal Implants and VCF, Spinal MIS, Orthopedic Trauma, Large & Small Joints, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Orthopedics and more.
We have built a reputation and earned our clients’ trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.
About Procedure Tracker
Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by state, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research.
About Reimbursement Tracker
iData Research’s Reimbursement Policy Tracker enables medical device, dental, pharmaceutical and healthcare professionals to receive real-time policy updates from hundreds of insurance companies and 60,000+ policies across all therapeutic areas in the United States.
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