The global anterior cervical fixation devices market was valued at over $1 billion in 2015 and is expected to reach $2 billion by 2020, says Technavio.
Technavio has announced its latest market research report on anterior cervical fixation devices to its orthopedics and general medical devices portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global anterior cervical fixation devices market during the forecast period2016-2020. Some of the top vendors listed in this industry analysis include Globus Medical, Johnson & Johnson, Medtronic, NuVasive, Stryker, and Zimmer.
In terms of geographical analysis, the Americas will be the fastest growing region in the global market, reaching revenues of more than $1 billion by 2020. The US will emerge as the key revenue-generator.
“Advancements in genetic engineering and orthopedic medicine have made it possible to replace conventional orthopedic biomaterials in spine surgeries. It has also made it possible to design interbody cages such as BAK/C anterior cervical interbody fusion system that are relatively more comfortable for use by individuals with DDD. Such systems are also capable of gathering bone during decompression, bone bed preparation, and implantation,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and general medical devices.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increasing prevalence of pseudo-arthrosis
Rising number of failed or poor results of spine fusion procedures is leading to an increase in the prevalence of pseudo-arthritis. Spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis are some of the spinal disorders treated with spinal fusion. Poor alignment or poor bone healing at the area where spinal fusion is attempted results in failed fusion. The growing older population and the subsequent rise in the incidence of age-related spine disorders is augmenting the demand for anterior cervical fixation devices globally.
Increased use of surface-modified titanium in fixation systems
The use of surface modified titanium in fixation systems is on a rise as such systems are strong, lightweight, and allow for better computed tomography (CT) and MRI imaging after implantation with minimum interference. They also promote the integration of bone for enhanced fusion and retroserrated toothing on the caudal and cranial surfaces of the implant by maintaining a porous structure on the inner surfaces. Currently, spinal implants such as screws, plates, single-piece fixation systems, and bolts are being manufactured with titanium over stainless steel.
Rising popularity of physician-owned ASCs
Cervical fusion surgeries, performed for the implantation of cervical implants, effectively minimize the risk of infections, need for blood transfusion, and hospital stay and cause minimal blood loss, scarring, and less pain, leading to quick healing and recovery and better clinical outcomes.
Some spine fusion surgeries such as cervical fusion procedure can be performed in ASCs. Surgeons across the globe are now performing lumbar fusions, transforMINl lumbar interbody fusion (TLIFs), anterior cervical discectomy procedures regularly in ASCs. The increasing popularity of physician owned ASCs is prompting more surgeons to invest in setting their ASCs to perform several cervical spine surgeries in an outpatient setting. Furthermore, insurance companies provide high reimbursements for outpatient settings as opposed to hospitals, thereby encouraging surgeons to opt for MI procedures for the treatment of many disorders in an outpatient facility. According to the CDC, the volume of spine surgeries in an outpatient setting in the US increased from 6.5% in 2005 to 46.7% in 2015.
Some of the other prominent vendors identified in this report are Accel Spine, AESCULAP, Alliance Spine, Alphatec Spine, AMEDICA, Apollo Spine, ArthroCare, Ascendx Spine, A-Spine, Back 2 Basics Spine, Captiva Spine, Centinel Spine, Choice Spine, Core link surgical, Exactech, Integra LifeSciences, K2M, LDR Holding, Life Spine, NLT Spine, NuTech Medical, Orthofix Holdings, Paradigm Spine, Pioneer Surgical Technology Spine, Precision Spine, Premia Spine, Reliance Medical Systems, RTI Surgical, SI-BONE, Spinal Solutions, Spine Smith Partners, Spine Surgical Innovations, Spine View, Spine Wave, Spineart, SpineGuard, Spineology, Titan Spine, TranS1, Wenzel Spine, X-spine, and Zyga Technology.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Anterior Cervical Fixation Devices Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Spinal Implants Market 2016-2020
- Global Cervical Artificial Discs Market 2016-2020
- Global Spine Biologics Market 2016-2020
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