The spine market is by far the largest
segment within the global orthopedic market. Over the last few years,
the market has witnessed significant growth majorly on the back of
economic recovery and aging population. The US is the largest market for
spinal surgeries and the country has significant growth opportunity in
the coming years also. However, in 2011, the overall revenue of the
spine market in the US has declined due to pricing pressures on
manufacturers and declining insurance coverage.
Within the global spine market, the thoracolumber segment is the highest revenue generating segment, whereas, in the US spine market, spinal fusion segment recorded higher revenues as well as higher procedural volumes compared to the other segments. The spinal fusion and disc replacement segments in the US have shown significant volume growth. However, the revenue from these segments grew marginally as the average selling prices of spine equipments have declined as a result of pricing pressure on manufacturers and higher competition in the market.
It is expected that new innovations in the minimally invasive surgeries domain will continue to have a positive impact on the market as the new and improved surgical tool will make complicated spine surgeries easier than before. However, shortage of skilled healthcare workers, doubtful medical reimbursements, and growing cost of advanced surgeries will continue to challenge the growth of the market.
Medtronic led both the worldwide and the US spine market in 2011, followed by JNJ Depuy, Synthes, and Stryker. However, the market share of Medtronic has witnessed significant decline in recent past due to strong performance of few new entrants (including NuVasive and Globus Medical) in the market. Recently, JNJ Depuy acquired Synthes and the combined entity is expected to become the major competitor of Medtronic.
The report provides an analysis of the global spine market. It discusses major market trends, growth drivers, and challenges. It presents the competitive structure of the industry and profiles major players in the spine market with a discussion of their key business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global spine market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Global Spine Market
Within the global spine market, the thoracolumber segment is the highest revenue generating segment, whereas, in the US spine market, spinal fusion segment recorded higher revenues as well as higher procedural volumes compared to the other segments. The spinal fusion and disc replacement segments in the US have shown significant volume growth. However, the revenue from these segments grew marginally as the average selling prices of spine equipments have declined as a result of pricing pressure on manufacturers and higher competition in the market.
It is expected that new innovations in the minimally invasive surgeries domain will continue to have a positive impact on the market as the new and improved surgical tool will make complicated spine surgeries easier than before. However, shortage of skilled healthcare workers, doubtful medical reimbursements, and growing cost of advanced surgeries will continue to challenge the growth of the market.
Medtronic led both the worldwide and the US spine market in 2011, followed by JNJ Depuy, Synthes, and Stryker. However, the market share of Medtronic has witnessed significant decline in recent past due to strong performance of few new entrants (including NuVasive and Globus Medical) in the market. Recently, JNJ Depuy acquired Synthes and the combined entity is expected to become the major competitor of Medtronic.
The report provides an analysis of the global spine market. It discusses major market trends, growth drivers, and challenges. It presents the competitive structure of the industry and profiles major players in the spine market with a discussion of their key business strategies.
By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global spine market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Global Spine Market
Published: August
2012 No. of Pages:
52
Price: Single User: US $ 800 Corporate User: US $ 1600
Table Of contents
1. Spine Market Overview1.1 Regions of the Spine
1.2 Spinal Products
1.3 Disorders Affecting the Spine
2. Market Size2.1 Global Orthopedic Market
Market Value
Market Segments
Regional Breakdown
2.2 Worldwide Spine Market
Market Value
Market Segments
Regional Breakdown
Spinal Implant Market
2.3 Spine Market in the US
Market Value
Market Segments
Spinal Fusion
Disc Replacement
Vertebroplasties
Product Segmentation
3. Key Trends3.1 Growth Potential of New Spinal Procedures
3.2 Growth of Minimally Invasive Spine Surgery
3.3. Higher Success Rates due to Improved Surgical Tools
4. Growth Drivers4.1 Global Ageing Population
4.2 Improving Worldwide Economy
4.3 Increasing Life Expectancy Rates
5. Significant Developments5.1 New Power Technology for Reconstructive Spine Surgery by Medtronic
5.2 New System for Neuromuscular Scoliosis by JNJ Depuy
5.3 Launch of iVAS Inflatable Vertebral Augmentation System by Stryker
5.4 Launch of First Minimally Invasive System by JNJ Depuy
6. Challenges6.1 Shortage of Healthcare Workers and High Wages
6.2 Lower Reimbursements for Spine Surgery
6.3 Growing Cost of Innovation in the Spine Market
7. Spine Market - Competitive landscape7.1 Competitive Landscape in the Global Spine Market
Market Share
Major Players – Growth Comparison
7.2 Competitive Landscape in the US
Overall Market Share
Share in Key Segments
8. Company Profiles8.1 Medtronic
Business Description
Key Financials
Business Strategies
Distribution Strategy
Focus on R&D Efforts
8.2 Johnson & Johnson
Business Description
Key Financials
Business Strategies
Financial Risk Minimization
Focused Growth Strategy
8.3 Stryker
Business Description
Key Financials
Business Strategies
Novel Product Innovation
Strategic Acquisitions
8.4 Zimmer
Business Description
Key Financials
Business Strategies
Organizational Discipline
Achieving Financial Commitments
9. Market Outlook9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
List of Tables
List of Charts
1. Spine Market Overview1.1 Regions of the Spine
1.2 Spinal Products
1.3 Disorders Affecting the Spine
2. Market Size2.1 Global Orthopedic Market
Market Value
Market Segments
Regional Breakdown
2.2 Worldwide Spine Market
Market Value
Market Segments
Regional Breakdown
Spinal Implant Market
2.3 Spine Market in the US
Market Value
Market Segments
Spinal Fusion
Disc Replacement
Vertebroplasties
Product Segmentation
3. Key Trends3.1 Growth Potential of New Spinal Procedures
3.2 Growth of Minimally Invasive Spine Surgery
3.3. Higher Success Rates due to Improved Surgical Tools
4. Growth Drivers4.1 Global Ageing Population
4.2 Improving Worldwide Economy
4.3 Increasing Life Expectancy Rates
5. Significant Developments5.1 New Power Technology for Reconstructive Spine Surgery by Medtronic
5.2 New System for Neuromuscular Scoliosis by JNJ Depuy
5.3 Launch of iVAS Inflatable Vertebral Augmentation System by Stryker
5.4 Launch of First Minimally Invasive System by JNJ Depuy
6. Challenges6.1 Shortage of Healthcare Workers and High Wages
6.2 Lower Reimbursements for Spine Surgery
6.3 Growing Cost of Innovation in the Spine Market
7. Spine Market - Competitive landscape7.1 Competitive Landscape in the Global Spine Market
Market Share
Major Players – Growth Comparison
7.2 Competitive Landscape in the US
Overall Market Share
Share in Key Segments
8. Company Profiles8.1 Medtronic
Business Description
Key Financials
Business Strategies
Distribution Strategy
Focus on R&D Efforts
8.2 Johnson & Johnson
Business Description
Key Financials
Business Strategies
Financial Risk Minimization
Focused Growth Strategy
8.3 Stryker
Business Description
Key Financials
Business Strategies
Novel Product Innovation
Strategic Acquisitions
8.4 Zimmer
Business Description
Key Financials
Business Strategies
Organizational Discipline
Achieving Financial Commitments
9. Market Outlook9.1 Market Forecast
9.2 Forecast Methodology
9.2.1 Dependent and Independent Variables
9.2.2 Correlation Analysis
9.2.3 Regression Analysis
List of Tables
List of Charts
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