According to Technavio’s latest market research study, the global interventional spine devices market is expected to grow at a CAGR of close to 11% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global interventional spine devices market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the procedure
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The top three revenue contributing procedure segments are discussed below
Vertebroplasty: The vertebroplasty method is a minimally invasive surgical procedure, in which a small puncture is made in the patient’s skin on the posterior side of the back. This procedure is performed by interventional neuroradiologists, radiologists, pain management physicians, neurosurgeons, and orthopedic spine surgeons. Vertebroplasty is employed to treat VCF patients who have severe pain and cannot manage daily routine activities.
“Vertebroplasty procedure is the most common in the market as it takes only one hour to complete the surgery and reliefs the patient from severe pain rapidly. Some of the other advantages of this procedure include low complication rate, increased mobility, and improved quality of life. The growing endorsements from organizations and new advances in vertebroplasty will help in the growth of this market segment over the next four years,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and medical devices.
Kyphoplasty: The growing number of cases of chronic back pain, compression fractures and the aging population in major markets such as the US, Europe, and Japan will lead to the growth of this market segment. The kyphoplasty procedure is used to treat compression fractures and stabilize osteolytic tumors and new vertebral traumatic fractures, and the risk of leakage of cement is lower in this method. The advances in technology and recent product approvals will further increase the adoption rate of kyphoplasty procedures.
Radiofrequency ablation: The radiofrequency ablation procedure has a higher efficacy to treat spinal disorders and will result in the growth of the market segment during the forecast period. The vendors in the market are launching systems that provide simultaneous, dual-probe capabilities offering procedural flexibility, and predictable treatment. The new products refinements introduced in the market include a longer working length and redesigned electrode knob for obvious use, allowing the physician to access spinal tumors throughout the vertebral body. Such advances will increase the adoption of radiofrequency ablation in the global market.
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The top vendors operating in the global interventional spine devices market are:
- Medtronic
- Stryker
- St. Jude Medical
- DePuy Synthes
- Merit Medical
Other prominent vendors in the market include AOI Medical, Biomet, Cook Medical, Crosstrees Medical, Exactech, Globus Medical, Greatbatch Medical, Integra LifeSciences, Interventional Spine, joimax, K2M, NeuroWave Systems, Paradigm Spine, RS Medical, RTI Surgical, Stimwave, Quandary Medical, Vexim, and Zavation.
A more detailed analysis is available in the Technavio report titled, ‘Global Interventional Spine Devices Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Optical Imaging Market 2017-2021
- Interventional Spine Market in the US 2017-2021
- Global Orthopedic Surgical Power Tools Market 2016-2020
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