This market research analysis covers the growth prospects of the lateral lumbar interbody fusion market in the US and includes a detailed analysis of the key trends and drivers that influence market growth. The key leading vendors analysed in this market study are Depuy Synthes, Medtronic, NuVasive, and Stryker.
Technavio has released its new market research report, LLIF market in the US, which is expected to grow at a CAGR of 7% between 2016 and 2020. The lateral lumbar interbody fusion (LLIF) market is growing at a significant rate owing to the recent increase in the incidence of degenerative diseases, such as disc degeneration and spondylolisthesis, among the aged population. Also, an increase in the preference for minimally invasive surgeries will impel market growth as it will lead to the advent of technologically advanced spinal implants.
“Rise in popularity of physician-owned ambulatory surgical centers (ASCs), is one of the interesting trends that this market is witnessing. Due to the growing preference for minimally invasive surgeries, many surgeons are already performing lateral lumbar interbody fusion procedures regularly in ASCs. This gives the surgeons the opportunity to invest in setting their ASCs to perform various minimally invasive surgeries in an outpatient setting,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Technavio’s market research analyst has estimated eminent factors, such as the augmented adoption of image guided procedures, to spur market growth during the predicted period. This technology allows surgeons to locate precisely the entry point and the trajectory for the position of the spinal implant. Since this technology reduces the risk of injury to the nerves and nerve roots, its rising adoption by healthcare facilities will lead to market growth.
The leading vendors in the LLIF market in the US include Depuy Synthes, Medtronic, NuVasive, and Stryker. This market is highly competitive due to the presence of numerous large and well-established vendors. This market is subject to rapid change and is significantly affected by new product launches and other market activities of key industry participants. The key companies are continuously losing their market shares to smaller players due to their ability to develop unique and new products.
A more detailed analysis is available in the Technavio report, LLIF Market in the US 2016-2020.
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