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Global Spine Market Report: 2010 Edition
Koncept Analytics, March 2010, Pages: 32
There are four major categories of spine disorders: degenerative conditions, deformities, trauma-based disorders and tumors. Spinal Implants include both fusion and non-fusion devices: devices associated with Vertebral Compression Fracture (VCF), interbody devices, cervical, thoracolumbar, and spinal stimulation devices. Introduction of motion preserving technologies like artificial disc replacement, interspinous spacers, and dynamic stabilization technologies in the recent past have provided surgeons with alternatives to fusion for some patients with these conditions.
The global orthopedic market has been growing at an impressive rate with spine having the largest share in the market. The worldwide spine market has been growing at a CAGR of about 8-10% over last seven years. The aging baby boomer population and rising obesity are leading to a number of cases of low back pain and spine surgery. The rise in spinal surgeries and fee per procedure has resulted in a significant growth in the market.
The US spinal fusion market is growing considerably on account of aging population, growing number of younger patients, changing lifestyles and product innovations. It is estimated that in the US alone 10 million people suffer from osteoporosis. The spine segment holds the largest share in U.S Osteoporotic related compression fractures.
While DePuy Spine, Medtronic Spinal and Biologics, Stryker Spine, Synthes Spine, and Zimmer Spine remain the leading market competitors, many smaller companies are gaining share. Though the top spine companies dominate the nonfusion segment, greater product availability and choice will change competitive dynamics in the industry in the coming years.
The report offers an analysis of the global spine market. It also discusses major market trends, growth drivers and market segments. The report also 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 industry. 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.
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