MediPoint: Minimally Invasive Spine - Global Analysis and Market Forecasts

  • ID: 4206925
  • Report
  • Region: Global
  • 98 pages
  • GlobalData
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FEATURED COMPANIES

  • DePuy Synthes (J&J)
  • Globus Medical
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer Biomet
  • MORE
MediPoint: Minimally Invasive Spine - Global Analysis and Market Forecasts

Summary

Minimally Invasive Spine (MIS) techniques have emerged as a solution to many of the disadvantages of traditional spinal fusion. The global MIS market will be strongly driven by the growing global aging population, as well as the global shift towards outpatient procedures and advantages of MIS over open surgery, including reduced trauma and faster recovery. Global market is dominated by Medtronic, DePuy, and NuVasive. Growing interest in complimentary technologies, such as surgical navigation and robotics systems, will also drive the MIS market.

The global Minimally Invasive Spine (MIS) market was estimated at $512.6M in 2016 across the 39 markets (Canada, Mexico, US, Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, UK, Australia, China, India, Japan, New Zealand, South Korea, Taiwan, Argentina, Brazil, Chile, Egypt, Israel, Saudi Arabia, South Africa, and United Arab Emirates) covered in this report. By the end of the forecast period in 2023, the author estimates the market will grow to approximately $842.2M at a Compound Annual Growth Rate (CAGR) of 7.4%.

Key drivers of the MIS market in the forecast period are:
- Global shift towards healthcare treatments performed in outpatient facilities
- Heightened surgeon interest in incorporating MIS surgical approaches into their practices
- Growing interest in surgical navigation and robotics technologies

Global MIS market is projected to grow at a CAGR of 7.4% in the forecast period. North America represented the largest portion of the market in 2016, holding more than 57% of the global revenue, and is expected to maintain this dominance throughout the forecast period. The Middle East and Africa is expected to be the fastest-growing market through 2023, at a CAGR of 9.4%, while the slowest growth will be observed in Europe with a CAGR of 5.5%.

The global MIS market is controlled by three large multinationals with strong brand name recognition: Medtronic, DePuy, and NuVasive. Other top players include Stryker, Globus Medical, and Zimmer Biomet. These six market leaders boast strong overall spine portfolios and wide-ranging distribution networks. Additionally, most of these players offer a full orthopedics platform beyond spine and biologics. A number of small players, often focused exclusively on spine or MIS solutions, also contribute, and together controlled almost a quarter of the MIS market in 2016.

The report “MediPoint: Minimally Invasive Spine - Global Analysis and Market Forecasts” provides an overview of the MIS market, including reimbursement trends and M&A analysis.

In particular, it provides the following:
- Annualized total market revenue by type of device, procedure trends, and market outlooks by region through 2023.
- Provides strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies on the market.
- Pipeline Analysis: Comprehensive data split across different stages of development and analysis of emerging trends in design.
- Analysis of the current and future market competition in the global MIS market. Insightful review of the key industry drivers, barriers, and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

Companies mentioned in this report: DePuy Synthes (J&J), Globus Medical, Medtronic, NuVasive, Stryker, Zimmer Biomet.

Scope

- Overview of the MIS market, including reimbursement trends and M&A analysis
- Annualized total market revenue by type of device, procedure trends, and market outlooks by region through 2023.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies on the market.
- Pipeline analysis: Comprehensive data split across different stages of development and analysis of emerging trends in design.
- Analysis of the current and future market competition in the global MIS market. Insightful review of the key industry drivers, barriers, and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

Reasons to buy

The report will enable you to:
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the global MIS market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global MIS market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and regionalMIS market from 2014-2023.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
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Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • DePuy Synthes (J&J)
  • Globus Medical
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer Biomet
  • MORE
1 Table of Contents
2 Introduction
2.1 Catalyst
2.2 Related Reports
3 Market Access
3.1 Reimbursement Trends
3.1.1 North America
3.1.2 Europe
3.1.3 Asia-Pacific
3.1.4 South America
3.1.5 Middle East and Africa
3.2 Mergers and Acquisitions
4 Unmet Needs
4.1 Lacking Surgeon Education
4.2 Excessive Radiation Exposure
4.3 Expanding Minimally Invasive Techniques
4.4 Improved Reimbursement Coverage for Minimally Invasive Surgical Procedures
5 Competitive Assessment
5.1 Market Share Analysis
5.1.1 Global Overview
5.1.2 North America
5.1.3 Europe
5.1.4 Asia-Pacific
5.1.5 South America
5.1.6 Middle East and Africa
5.2 Key Companies and Product Profiles
5.2.1 DePuy Synthes (J&J)
5.2.2 Globus Medical
5.2.3 Medtronic
5.2.4 NuVasive
5.2.5 Stryker
5.2.6 Zimmer Biomet
5.2.7 Other Players
5.3 Clinical Trials to Watch
5.4 Pipeline Products Assessment
6 Market Outlook
6.1 Procedure Trends
6.2 Global Market Drivers and Barriers
6.2.1 Driver: Increasing Global Aging Population
6.2.2 Driver: Advantages of Minimally Invasive Surgery over Open Surgery
6.2.3 Driver: Developments in Navigation and Robotics
6.2.4 Driver: Advances in Neuroimaging Technology
6.2.5 Barrier: Growth of Non-Fusion Technologies
6.2.6 Barrier: Burden of Rising Regulation
6.2.7 Barrier: Proving Efficacy
6.2.8 Barrier: Reimbursement Limitations
6.3 Market Outlooks by Segment
6.3.1 Global Overview
6.4 Market Outlooks by Geography
6.4.1 Global Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia-Pacific
6.4.5 South America
6.4.6 Middle East and Africa
7 Appendix
7.1 Bibliography
7.2 Abbreviations
7.3 Methodology
7.3.1 Overview
7.3.2 Coverage
7.3.3 Secondary Research
7.4 Forecasting Methodology
7.5 Primary Research Summary
7.6 About the Authors
7.6.1 Jennifer Ryan, Orthopedic Analyst, Medical Devices
7.6.2 Linda Tian, MSc, Managing Analyst, Medical Devices
7.6.3 Tyler Fletcher, Global Head of Medical Devices
7.7 About
7.8 Disclaimer

List of Tables
Table 1: Key Mergers, Acquisitions, and Partnerships in Minimally Invasive Spine Market
Table 2: DePuy Synthes - SWOT Analysis
Table 3: DePuy Synthes - Key Marketed Products Assessment
Table 4: Globus Medical - SWOT Analysis
Table 5: Globus Medical - Key Marketed Products Assessment
Table 6: Medtronic - SWOT Analysis
Table 7: Medtronic - Key Marketed Products Assessment
Table 8: NuVasive - SWOT Analysis
Table 9: NuVasive - Key Marketed Products Assessment
Table 10: Stryker - SWOT Analysis
Table 11: Stryker - Key Marketed Products Assessment
Table 12: Zimmer Biomet - SWOT Analysis
Table 13: Zimmer Biomet - Key Marketed Products Assessment
Table 14: Other Players Assessment
Table 15: Clinical Trials to Watch
Table 16: Pipeline Products Assessment
Table 17: Global Procedure Volume Forecast for MIS Procedures, 2014-2023
Table 18: Thoracolumbar Procedure Forecast for % MIS Procedures, 2014-2023, by Country
Table 19: Cervical Procedure Forecast for % MIS Procedures, 2014-2023, by Country
Table 20: Regional Procedure Volume Forecast for MIS Procedures, 2014-2023
Table 21: Global Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Table 22: Global Minimally Invasive Spine Market Forecast ($M), by Region, 2014-2023
Table 23: North America Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023
Table 24: North America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Table 25: Europe Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023
Table 26: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Table 27: APAC Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023
Table 28: APAC Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Table 29: South America Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023
Table 30: South America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Table 31: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023
Table 32: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023

List of Figures
Figure 1: Global Company Market Shares for Minimally Invasive Spine, 2016
Figure 2: North America Company Market Shares for Minimally Invasive Spine, 2016
Figure 3: Europe Company Market Shares for Minimally Invasive Spine, 2016
Figure 4: APAC Company Market Shares for Minimally Invasive Spine, 2016
Figure 5: South America Company Market Shares for Minimally Invasive Spine, 2016
Figure 6: Middle East and Africa Company Market Shares for Minimally Invasive Spine, 2016
Figure 7: Global Procedure Volume Forecast for MIS Procedures, 2014-2023
Figure 8: Global Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 9: Global Minimally Invasive Spine Market Comparison, by Segment, 2016 and 2023
Figure 10: Global Minimally Invasive Spine Market Forecast ($M), by Region, 2014-2023
Figure 11: Global Minimally Invasive Spine Market Comparison, by Region, 2016 and 2023
Figure 12: North America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 13: North America Minimally Invasive Spine Market Comparison, 2016 and 2023
Figure 14: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 15: Europe Minimally Invasive Spine Market Comparison, 2016 and 2023
Figure 16: APAC Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 17: APAC Minimally Invasive Spine Market Comparison, 2016 and 2023
Figure 18: South America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 19: South America Minimally Invasive Spine Market Comparison, 2016 and 2023
Figure 20: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023
Figure 21: Middle East and Africa Minimally Invasive Spine Market Comparison, 2016 and 2023
Figure 22: Minimally Invasive Spine Primary Research Participants, by Region
Note: Product cover images may vary from those shown
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  • DePuy Synthes (J&J)
  • Globus Medical
  • Medtronic
  • NuVasive
  • Stryker
  • Zimmer Biomet
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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