If there is a more robust area of medtech development — one with more success in creating clinical and market value while resisting pricing pressures — than spine surgery, I would be surprised. The global spine market is large, active and growing rapidly in revenues. Several dynamic forces, in addition to the aging of the [...]
In the global market for spine surgery products/technologies, there is a progressive caseload shift away from spine fusion and toward alternative technologies are less invasive, provide more flexibility in the spine, minimize pain, and/or provide other benefits. Accordingly, spine fusion revenues are expected to be flat as bone graft substitutes, total disc replacement and vertebroplasty/kyphoplasty [...]
Specific technologies and broad technology platforms have tremendous potential for market growth based on combinations of recent technology advancement, changes in clinical practice, current forces in the market and other criterial. Biotech solutions to traditional medical device technologies. The thrust of medical technology is, and has been for a long time, to make it as effective [...]
Spine fusion revenues are expected to be flat as bone graft substitutes, total disc replacement and vertebroplasty/kyphoplasty begin to replace some spinal fusion procedures. Nucleus replacement, a market in its infancy, will also be increasing during the period covered in this study, but will remain a relatively modest sub-segment of the entire market. The chart [...]
HealthPartners in Minnesota is planning to begin next month requiring surgeons to advise patients of less expensive alternatives to spine surgery for treatment of their low back pain. At $25,000 per surgery for the roughly 600 procedures it covered in 2007, HealthPartners paid $15 million for procedures that, it believes, in some cases were not [...]
[Having covered a very wide range of medical technology markets, spanning cardiology to gastroenterology, biotechs to devices and disposables/reusables/"reposables" to capital equipment, I have to note that the spine surgery market is really unique among all of them --- resistant to cost containment, persistently device-oriented, and subject to tremendous innovation all the same. In some [...]
Below is a report from MedMarket Diligence on the worldwide market for spine surgery technologies. The report is described at link. Spine Surgery Worldwide 2008-2017: Products, Technologies, Markets & Opportunities, Worldwide, 2008-2017 · 380 pages · 190 Exhibits · 98 Company Profiles · Report #M510 · Published March 2008 This report details the complete range [...]
The markets which encompass Asia-Pacific are generally somewhat more mature markets which have seen these products and have been using these technologies. Hence, for spinal fusion, for example, the tendency away from fusion and towards intermediate treatments will be seen in the years to come. Fusion markets in this region, at over $80 million annually [...]
Data is drawn from Report #M510, “Spine Surgery: Products, Technologies, Markets & Opportunities, Worldwide, 2008-2017,” published by MedMarket Diligence, LLC. Spine surgery represents a relatively unique medical technology market, in an era of declining margins and overall cost containment, that is both device-intensive and demonstrating aggressive growth. For the sake of illustration, below is [...]
Overview of the Asia-Pacific (Japan, Australia, Korea) market for spine surgery technologies. Drawn from the MedMarket Diligence report #M510, described at http://mediligence.com/rpt/rpt-m510.htm.
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