2020 was an unusual year mainly because of the global COVID-19 pandemic, which caused a 6% decrease in the U.S. minimally invasive spinal implant market from 2019 to 2020. The market impact caused by COVID-19 did differ by segment. Some segments felt the heat and decreased accordingly, whereas others experienced high growth despite the pandemic. Luckily for this market, there is a massive increase in popularity surrounding minimally invasive surgeries, and as a result, the market should recover rapidly by the end of 2021.
WHAT SEGMENTS ARE IN THE U.S. MINIMALLY INVASIVE SPINAL IMPLANT MARKET?
iData’s market report on the U.S. minimally invasive spinal (MIS) implant market includes:
MIS Interbody Devices
Interbody (IB) devices replace the intervertebral discs of the spine to enhance stability and promote fusion. As minimally invasive devices continue to gain popularity in the surgical community, MIS interbody fusion procedures will grow at a low single-digit rate over the next five years.
MIS Pedicle Screws
Pedicle screws provide a means of stabilizing a spinal level during a fusion procedure. The screws themselves do not fixate the levels but act as anchor points that connect with a rod. Traditionally, physicians implanted these devices through open surgery from an anterior or posterior approach. However, a growing number of these devices are using minimally invasive techniques.
Spinous Process Fixation
Several spinal fixation systems exist for stabilizing the spine so that bony fusion can occur. These fixation systems use rods that attach to threaded screws into the vertebral bodies or the pedicles. The minimally invasive nature of these devices will contribute to the growth of this market.
Facet fixation is one type of percutaneous minimally invasive surgery in which the facet joints in the thoracolumbar region fuse using facet screws, bolts, or allograft dowels. Growth in this market is due to the advantages that minimally invasive facet fixation surgeries have over traditional (open) pedicle screw procedures.
SI Joint Fusion
Sacroiliac (SI) joint fusion is essentially the fusion of the SI joint and is popular among those suffering from lower back pain. The growth of this spinal treatment has historically been limited by the diagnosis process. One important factor in the future growth of the sacroiliac joint fusion market is the new information surrounding adjacent segment disease.
Spinal endoscopy is a minimally invasive approach to discectomies, laminectomies, and foraminotomies. The value of the spine endoscope market has been increasing rapidly over the past couple of years. With limited competition in the market, manufacturers are not affected by competitive pricing pressures.
Spinal instrumentation stabilizes the spine and carries out the procedure during minimally invasive spinal (MIS) surgeries. Growth will keep pace with the overall minimally invasive spinal procedures. The historic increase in obesity rates over previous decades may also play a role.
WHICH COMPANIES COMPETE IN THIS MARKET?
The top three competitors are Medtronic, NuVasive, and DePuy Synthes.
Medtronic was the leading competitor in the MIS pedicle screw market and held the second position in the MIS interbody device market because of the Direct Lateral Interbody Fusion (DLIF®) procedure and its minimal access spinal technologies (MAST) systems. The company also offers its other minimally invasive procedures, such as the X-Stop® interspinous spacer.
NuVasive was the second-leading competitor in the U.S. minimally invasive spinal implant market in 2020, although it was previously the market leader. NuVasive has been the market leader in the MIS interbody segment and has held the second-leading position in the spinous process fixation segment and the third-leading position in the MIS pedicle screw segment.
Lastly, in 2020, DePuy Synthes was the third-leading competitor in the U.S. minimally invasive spinal implant market. The company’s MIS product portfolio contains several devices that are common in the spinal implant industry. The company held strong positions in the MIS interbody device and the MIS pedicle screw segments.
U.S. MINIMALLY INVASIVE SPINAL IMPLANT MARKET RECAP AND FURTHER INSIGHTS
For more information on unit sales, average selling prices (ASPs), procedural volume, competitive analyses, and more, follow the link below to receive a free market synopsis for the U.S. minimally invasive spinal implant market. Additionally, iData offers a U.S. spinal implant market report.