Key vendors to focus on the adoption of advanced technologies for product differentiation
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the interventional spine devices market in the US in their latest research report. This report also lists 20 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The interventional spine devices market in the US is highly competitive in nature. The market is characterized by the presence of large (Tier-1), medium (Tier-2) and small-sized companies (Tier-3) companies. During the forecast period, technological advancements and new product launches are anticipated to intensify the competition among existing vendors in the market. Manufacturers develop and introduce innovative products to increase patient satisfaction. Key vendors adopt advanced technologies to enhance their product portfolio and decrease competition from new entrants to the market.
According to Barath Palada, a lead analyst at Technavio for research on orthopedics and general medical devices, “Companies are developing advanced equipment, which can reduce the risk of cement leakage during surgery. The trend is spurred by the need to reduce risks associated with interventional spine procedures, during surgery and post-surgery.”
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Top five vendors in the interventional spine devices market space
DePuy Synthes
DePuy Synthes focuses on the therapeutic areas of spinal care, orthopedics, sports medicine, and neurosciences. It offers products, services, programs, and R&D capabilities for the advancement of patient care, and adds clinical and economic value to healthcare systems. It operates as part of the Johnson & Johnson family of companies.
Key products: CONFIDENCE SPINAL CEMENT SYSTEM.
Medtronic
Medtronic provides services in multiple segments such as cardiac and vascular, MIS, restorative therapies, and diabetes. The company operates its sales offices in the US at 70 locations and 275 locations worldwide.
Key products: CD Horizon Solera Voyager spinal system.
Merit Medical Systems
Merit Medical Systems designs, develops, manufactures, and markets medical devices for use in interventional and diagnostic procedures worldwide. The company focuses on core areas such as peripheral intervention, cardiac intervention, and endoscopy. Merit Medical Systems operates sales offices in the US with direct sales representatives and dealers to distribute their products worldwide.
Key products: SpineSTAR.
St. Jude Medical
St. Jude Medical develops, manufactures, and distributes interventional spine devices. The company offers neurostimulation therapy with the prodigy chronic pain system with burst technology to reduce pain, improve patient satisfaction, and eliminate paresthesia.
Key products: Axium Neurostimulator System.
Stryker
Stryker is a medical technology company. The company’s products include surgical equipment and surgical navigation systems; implants used in joint replacement and trauma surgeries; endoscopic and communications systems; neurosurgical, neurovascular, and spinal devices; patient handling and emergency medical equipment; and other medical devices that are used for various medical specialties.
Key products: iVAS.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Interventional Spine Devices Market in the US 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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