US Market Overview for Minimally Invasive Spinal Implants 2017 - MedView

US Market Overview for Minimally Invasive Spinal Implants 2017 - MedView

  • May 2017 •
  • 462 pages •
  • Report ID: 4895057 •
  • Format: PDF

The full report suite on the U.S. market for minimally invasive spinal implants includes segments for MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscope, and MIS spine instrumentation.

Despite multiple challenges, growth is expected in many market segments, as patient demographics in the U.S. maintain a steady demand for such procedures. Growth has increased across all segments as regulations become better adapted to MIS procedures.

General Report Contents
• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
• Market Drivers & Limiters for each chapter segment
• Competitive Analysis for each chapter segment
• Section on recent mergers & acquisitions

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. However, new technologies such as facet fixation and spinous process fixation have also been developed using MIS techniques.

For the purposes of this report, the U.S. minimally invasive spinal implant market is segmented into spinous process fixation, facet fixation, MIS interbody fusion, MIS pedicle screws and MIS sacroiliac joint fusion.
Rapid growth is expected in all segments of the U.S. minimally invasive spinal implant market as a result of the physiological and surgical advantages of MIS procedures over open 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 cohort in the United States.

The biggest limiting factor for the MIS spinal device market is the complexity of the procedures and the skill required to master them. In particular, percutaneous techniques, and, to a lesser extent, retractor techniques, are considered by many to be considerably more difficult to master than traditional open surgical methods. Older generations of doctors and surgeons are especially reluctant to switch to MIS, as it takes a considerable time investment to master the procedure.

The MIS interbody market continues to see a shift toward OLIF and LLIF devices and away from MIPLIF and 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 segments.