Grand View Research, Inc. – Market Research And Consulting.GrandViewResearch.com has announced the addition of “Global Spinal Non Fusion Technologies Market Analysis And Segment Forecasts To 2020″ Market Research report to their DatabaseGlobal spinal non fusion technologies market is expected to exhibit lucrative market growth over the forecast period owing to increasing incidences of obesity and rise in geriatric population. Awareness of the detrimental effects of obesity and unscheduled exercise regimens tend to drive the spinal non fusion technologies market. The other factors that are expected to boost the market growth globally are rise in demand for minimally invasive surgical procedures coupled with technological advancements therein. Non fusion technologies allow the patients to retain movement and flexibility after the surgery and thus are the choice of treatment over fusion technologies in various spinal disorders such as lumbar degenerative disc disease thereby propelling market growth.
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The global spinal non fusion technologies market is segmented on the basis of product into disc nucleus replacement products, dynamic stabilization devices, disc arthroplasty devices, nuclear arthroplasty devices, nuclear disc prostheses, and annulus repair devices. Dynamic stabilization devices are further classified into interspinous process spacers, facet replacement products, and pedicle screw based systems. Dynamic stabilization devices held the largest share in spinal non fusion technologies market in 2014 as a consequence of flexibility, maintenance of sagittal balance, and anatomic alignment achieved to the patient by replacement of the rigid metallic rod with polymeric spacers. Furthermore, controlled motion without posture instability, increased load sharing capacity, and availability of anterior as well as posterior dynamic stabilization devices are the other key factors contributing to the largest share of the segment. Disc nucleus replacement products are expected to be the fastest growing segment over the forecast period owing to factors such as reduced degenerative damage to disc below and above the affected area and quick recovery time post-surgery.
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As of 2014, North America held the largest share of the spinal non fusion technologies market pertaining to various growth factors such as increasing prevalence of obesity in the population and rising incidences of degenerative disc disease Approval of the new product such as LDR’s 2-level cervical artificial disc in 2013 also fuelled the growth of market in 2014. Asia Pacific is expected to be the fastest growing region in coming seven years owing to factors such as increase in prevalence of spinal disorders, rising health care expenditures, improving reimbursement coverage, growing physicians and patient awareness about the new technologies, and growing medical and surgical training to physicians.
Major players of spinal non fusion technologies market are Zimmer Spine, Medtronic Spinal and Biologics, Synthes Spine, Raymedica, Pioneer Surgical technologies, DePuy Spine, and B. Braun Medical. The players directly target physician through webinars, workshops, and training, in order to drive awareness about the availability of treatment. These companies aim at developing advanced technologies in order to dominate the market. Advancements include combination of vertebral body tethering and fusion-less spinal technologies for the treatment of complex disorders like spinal scoliosis.
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