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Global Spine Market Report: 2014 Edition - New Report by Koncept Analytics
1. View Report Details
Global Spine Market Report
-----------------------------------------
2014
2. Executive Summary
View Report Details
Spine market is the largest segment of the global orthopedic industry. Spine disorders are categorized in four sections: degenerative conditions,
deformities, tumor and trauma-based disorders. Spinal implants include both fusion and non-fusion devices: devices associated with vertebral
compression fracture (VCF), interbody devices, cervical, thoracolumbar, and spinal stimulation devices.
Spine industry has witnessed myriad technological advancements over the past two decades and it is expected that this trend will continue in future
to solve the present challenges and fill the unmet needs of the market. It is expected that new innovations in the field of minimally invasive surgeries
will continue to have a positive impact on the market as the new and improved surgical tool will make complicated spine surgeries easier than
before. The principal advantage of these procedures over traditional surgery is short recovery time, short length scars, low risk of infection, less
bleeding, and shorter hospital stays. Spine market is expected to show growth over the long term because of the driving factors such as increasing
demand for motion preservation techniques, favorable dynamics, increased usage of implants in surgeries, and growing presence of new companies
in the market every year. These small companies enter with their own unique and innovative products to address the various areas of spine industry.
The global spine surgery devices market has seen challenging and dynamic market conditions over past few years, but still remains strong. The US
is the largest geographic market for spinal fusions today. Spinal fusions show clinical success among appropriately indicated patients in a variety of
procedures, making spinal fusion one of the most frequently performed procedures in the US.
While Medtronic, Johnson and Johnson, and Stryker remain the leading players over the years, they are continuously losing their market share to
smaller players like NuVasive and Globus Medical illustrating a strong performance by these companies. Although the top companies still hold
dominant positions yet factors like greater product development, innovation and choice will change the competitive dynamics in the industry in the
years ahead.
The report, “Global Spine Market” analyzes the development of the global spine market, with a focus on its largest market viz. the US. The major
trends, growth drivers as well as issues being faced by the industry are being presented in this report. The three major players in the industry,
Medtronic, Johnson and Johnson, and Stryker, are being profiled, along with their key financials and strategies for growth.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global
spine market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to
determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor
variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
3. The global spine surgery devices market has seen challenging and dynamic market conditions over past
few years, but still remains strong….
In 2013, the orthopedic market was worth US$... billion, which is
expected to reach US$... billion by 2014.
Of all the segments of the global orthopedic market, spine is the
largest with …% share, followed by the segments of knees and
hips with respective global market share of …% and …% as of
2013.
Spine is the largest single orthopedic market at US$... billion in
2013.
Minimally Invasive Surgery (MIS) accounted for the largest share,
…%, of the total spinal implant market, followed by traditional
thoracolumbar fusion and traditional interbody fusion with …% and
…%, respectively, as of 2013.
The revenues of spine market in the US grew from US$... billion in
2012 to US$... billion in 2013, representing a marginal growth of
…%.
Global Spine Market Size (2007-2013)
2007 2008 2009 2010 2011 2012 2013
Spine Market in the US (2007-2014E)
US$ Billion
Breakdown of Global Spinal Implant Market by Segment (2013)
2007 2008 2009 2010 2011 2012 2013 2014E
US$ Billion
Traditional Thoracolumbar Fusion Traditional Interbody Fusion
Traditional Cervical Fusion VCF
Motion Preservation Spinal Electrical Stimulation
MIS
4. Spinal fusions show clinical success among appropriately indicated patients in a variety of procedures,
making spinal fusion one of the most frequently performed procedures in the US. …
The US thoracolumbar spinal fusion segment in 2013
was down …% year-over-year, to US$... billion, as
compared to a …% fall in 2012.
The US cervical spinal fusion market by volume grew
…% in 2013 to about …. cases.
The cervical artificial disc market in the US stood at
US$.... million in 2013 with a volume growth of ….% to
about …. cases.
US Thoracolumbar Spinal Fusion Market Size (2007-2014E)
2007 2008 2009 2010 2011 2012 2013 2014E
US Cervical Spinal Fusion Market Size (2007-2014E)
US$ Billion
US Cervical Artificial Disc Market Size (2007-2014E)
2007 2008 2009 2010 2011 2012 2013 2014E
US$ Million
2007 2008 2009 2010 2011 2012 2013 2014E
US$ Million
US$ Million
5. It is expected that new innovations in the field of minimally invasive surgeries will continue to have a
positive impact on the market as the new and improved surgical tool will make complicated spine
surgeries easier than before. …
The domestic lumbar disc market in the US was
essentially flat in 2013 at US$... million.
The treatment of spinal deformities is the second-largest
segment of this market and represented, a
US$... million US opportunity in 2013, up ..%. With the
incidence of adult scoliosis growing significantly
recently, the deformity volumes grew by …% in 2013 to
about … cases in the US.
The market for vertebral compression fractures in the
US improved slightly in 2013, up …%, to roughly US$...
million.
US Lumbar Artificial Disc Market Size (2007-2014E)
2007 2008 2009 2010 2011 2012 2013 2014E
US Spinal Deformity Market Size (2007-2014E)
US$ Million
US Vertebral Compression Fracture Market Size (2007-2014E)
2007 2008 2009 2010 2011 2012 2013 2014E
US$ Million
2007 2008 2009 2010 2011 2012 2013 2014E
US$ Million
Vertebroplasty Kyphoplasty
6. Growing global GDP, global ageing population, and global healthcare expenditure are chief factors that
will drive the spine market…
Global Spine Market Forecast (2013-2017E)
2013 2014E 2015E 2016E 2017E
US$ Billion
• The global spine market is forecasted to grow at a CAGR of ….% and is expected to reach US$..... billion by 2017.
• Income being a major indicator of the quality of life enjoyed by the person, therefore people with higher income tends to spend
more on expensive and advanced spine products. So, increase in the global gross domestic product (GDP) is likely to be
accompanied by the increase in the global spine market.
• The risk of spine injury increases with age as older people are more prone to accidents compared to younger population.
Furthermore, the spinal cords of older people are more fragile due to osteoporosis (decrease in bone density). So, increase in the
global ageing population would tend to drive the growth of the market.
• The improving healthcare expenditure per capita is one of the major growth drivers of the worldwide spine market, as growing
healthcare expenditure is tracked directly by corresponding increase in medical hospital spending. Given the increasing rate at
which worldwide GDP is growing, proportion of healthcare spending by households is also increasing, which will result in higher
spending on spinal surgeries and implants that are generally of higher cost.
7. View Report Details
These are abridged and sanitized sample pages from the comprehensive report on the “ Global Spine Market Report”. To
know more about this report or for any customized research requirement, please contact the following:
Koncept Analytics
CS-36, Second Floor, Ansal Plaza
Vaishali, Ghaziabad,
U.P. – 201010
T. +91-120-4130959
C: +91-9811715635
vikas@konceptanalytics.com
Contact Us:
www.konceptanalytics.com
Vikas Gupta
BD Manager