Xconomy Boston reported today that Innovative Spinal Technologies of Mansfield, MA, has closed its doors following an unsuccessful bid to be acquired by Biomet Spine. The company previously secured roughly $75 million in venture capital funding since its inception in 2002.
IST had been working on the AXIENT™ Dynamic Fixation system and the PARAMOUNT™ Lumbar Fusion System, [...]
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 not [...]
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 in [...]
The spinal surgery industry has been around for several decades, but during the last few years new products and technologies have been introduced at a more rapid rate than has been seen for many years. See exhibit below (from MedMarket Diligence report #M510) illustrating the recent burst in new company formation focused on spine surgery. [...]
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