Asia-Pacific Markets for Minimally Invasive Spinal Devices 2014 (3 Countries – Forecasted to 2020) – MedSuite
The spinal implant market is considered by many to be the most exciting and controversial segment of the orthopedics industry. This market has traditionally been a segment of the orthopedics market, but due to rapid growth and a large market size, many manufacturers view spine as a key business division separate from traditional orthopedics. Historically, the majority of spinal implants were implanted in open surgical procedures through large incisions. However, open surgery can cause considerable tissue damage and lead to a large number of complications. Minimally invasive techniques, which require only small puncture wounds, have been developed for the implantation of a number of spinal implant types. Minimally invasive surgery (MIS) methods are frequently used for implanting traditional spinal implant devices, such as interbody devices and pedicle screws.
Rapid growth is expected in all segments of the Asia-Pacific minimally invasive spinal implant market as a result of the physiological and surgical advantages of MIS procedures over open procedures. MIS spine procedures are expected to maintain double-digit growth rates through the forecast period, while the MIS spine market value will grow at a slower rate due to declining prices.
- Year: 2014
- Scope: 2010-2020
- Region: Asia-Pacific
- Published Date: 08/01/2014
- Pages: 132
- Type: MedSuite
The Asia-Pacific and Emerging minimally invasive surgery (MIS) spinal device market is published in two separate reports. The Asia-Pacific report includes Australia, Japan and South Korea. The Emerging report includes China and Taiwan.
Each report comprises two main segments: MIS thoracolumbar fixation and MIS interbody fusion. The former represents approximately 68% of the total market and is expected to grow rapidly through the forecast period due to Chinas explosive growth. The latter was valued at over $36 million in 2013, a smaller size because cages are not necessarily indicated for all fusion procedures and they tend to be more affordable than a set of percutaneous pedicle screws. Both segments show great potential for MIS spinal implant manufacturers to increase their revenue and expand their presence.
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