The U.S. market for spinal implants was worth $7.45 billion in 2008, a 9 percent increase compared
with 2007, according to a report by iData Research Inc. The boost was largely attributed to the thoracolumbar fusion fixation, interbody device and cervical fusion fixation markets, which together was valued at $3.5 billion last year.
The thoracolumbar fusion fixation market, which comprised the largest share of the U.S. spinal implant market last year, is expected to grow steadily due to developments in motion preservation technology. This market consists of devices intended for degenerative disc disease treatment, deformity of the spine and traumatic spine injuries.
The cervical fusion fixation market in 2008 was valued at slightly more than $850 million and is steadily rising in the short term; however, the market eventually will decrease in value due to the emergence of artificial cervical discs and other motion preservation technologies in development, the report concluded. The cervical fusion fixation sector consists of anterior plating and posterior fixation devices. The anterior cervical segment comprised a majority of this market; however, the report’s authors expect substantial growth from the posterior market through 2015. The motion preservation market is the newest and fastest-growing segment in the spinal implant industry, the report found. This market comprises a range of products that are believed to revolutionize spinal surgery. These products include artificial discs, dynamic stabilization and annular repair devices. The recent emergence of cervical artificial discs and annular repair devices contributed to growth of more than 30 percent from 2007 to 2008. This market is expected to keep increasing through 2015.
Additional markets include minimally invasive surgery, which was valued at more than $3.7 billion in 2008; minimally invasive vertebral compression fracture devices, which grew nearly 16 percent from 2007-08; and the spinal electrical stimulation market, which rose by more than 9 percent from 2007-08. The interbody fusion market, which is made up of devices implanted in the intervertebral disc space to facilitate/accompany a spinal fusion, also comprises a small niche sector, according to the report.
For more information about this report, visit
www.idataresearch.net.