Register to receive a free U.S. Market Report Suite for Minimally Invasive Implants 2017 – MedSuite report synopsis and brochure
According to a new series of reports on the U.S. minimally invasive spinal (MIS) implants market by iData Research, growth has increased across all market segments as regulations become better adapted to MIS procedures. One of the key drivers for the MIS spinal device market is the increase in the target population, which is composed of aging baby boomers. The majority of procedures are performed on those individuals in the final third and quarter of their lifespan, usually over the age of 60. This age group is the fastest growing demographic in the United States. Despite rising procedural demand, market growth is expected to remain relatively stable as market saturation in certain MIS segments begins to offset overall growth.
“Growth in the minimally invasive spinal implant market is largely driven by the advantages of minimally invasive surgery over open surgery; these include reduced trauma, shorter hospital stays, lower post-operative medication use and earlier return to work,” explains Jeffrey Wong, Strategic Analyst Manager at iData Research. “However, growth is expected to slow as a result of the increasing penetration of MIS procedures into the traditional fusion market and a growing motion preservation market.”
The MIS interbody market continues to see a shift toward oblique lumbar interbody fusion (OLIF) and lateral lumbar interbody fusion (LLIF) devices and away from minimally invasive posterior lumbar interbody fusion (MIPLIF) and minimally invasive transforaminal lumbar interbody fusion (MITLIF) devices. The oblique and lateral lumbar approaches are expected to see more growth than their posterior and transforaminal lumbar counterparts, although positive growth is expected across all segments.
The fastest growing implant segment is the MIS sacroiliac joint fusion market, first introduced with SI-BONE’s iFuse Implant System® at the end of 2009. This market has experienced rapid growth as a result of reimbursement policy changes and new product entrants. Growth will also be driven by increasing an awareness of SI joint dysfunction and improvements in diagnostic processes. However, following the rapid expansion in recent years, market growth is expected to stabilize over the coming years.
NuVasive is the leading competitor in the U.S. minimally invasive spine market. The company has experienced strong growth and has the leading share in the MIS interbody device segment, as well as shares in the MIS pedicle screw, spinous process fixation, and facet fixation segments. Medtronic has the second largest overall share in the U.S. minimally invasive spine market. Medtronic will be driven by its minimal access spine technology (MAST) systems, which include the METRx™ system, the CD Horizon® Sextant™ percutaneous cannulated screw system, the CD Horizon® Legacy™ percutaneous PEEK rod system and the CD Horizon® Longitude®. Medtronic’s MIS spinal fusion technologies are further complemented by their other MIS procedures such as the X-Stop® interspinous spacer and the KYPHON® balloon kyphoplasty system. Additional competitors in the U.S. MIS market include DePuy Synthes, Globus Medical, Stryker, K2M and Richard Wolf among others.
For Further Information
More on the MIS implant market in the U.S. can be found in a series of reports published by iData Research entitled the U.S. Market Report Suite for Minimally Invasive Implants. The suite covers reports on the following markets: MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscope and MIS spine instrumentation.
The iData report series on MIS implants covers the U.S. and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. 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 MIS implant market data, register online or email us at [email protected] for a U.S. Market Report Suite for Minimally Invasive Implants 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: Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ophthalmics, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Vascular Access, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Laparoscopy, Urology, Gynecology, Endoscopy, Anesthesiology, Wound Management, 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.
About iPolicy Search
iPolicy Search allows medical device manufacturers and reimbursement consultants to drastically reduce their research time by searching an automatically updating database of policies from over 200 insurance groups in the United States.
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