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| Spinal Surgery Devices Market to 2017The Global Spinal Surgery Devices Market is Forecast to Reach $12.6 Billion in 2017
By: Rajesh Gunnam The US is the largest market for spinal surgery devices and contributed 69% towards the global market in 2010. The US spinal surgery devices market was valued at about $4.6 billion in 2010 and is expected to reach $9.2 billion by 2017 with a CAGR of 10%. Increasing incidence of spinal disorders due to growing ageing population is the major driver for spinal surgery devices market in the US. Increasing adoption of minimally invasive spinal fusion devices despite facing reimbursement challenges is another major driver for the growth of the market in the US. Growing demand for pedicle screw systems is driving the market for spinal fusion devices in the US. Motion preserving spinal non-fusion procedures is expected to drive the long term growth with favorable clinical trials in the near future. Medtronic, Inc. dominates the global market for spinal surgery devices with a market share of 34% in 2010. DePuy, Inc. and Synthes, Inc. are the other leading players with market shares 13% and 12% respectively. Medtronic dominates the market due to their broad portfolio of products in spinal fusion devices such as the Prestige Cervical Disc, the CD Horizon Legacy Spinal System, the LTCage Device and the X-Stop Spacer. Focus on development of innovative products is the major growth strategy followed by Medtronic to dominate the market for spinal surgery devices. For Sample Pages, please click or add the below link to your browser: http://www.gbiresearch.com/ The top five companies account for 72% of the overall market. The US Food and Drug Administration (FDA) reclassification of spinal fusion devices from class III to class II in 2007 will continue to attract new entrants in the market. Intense competition between the new entrants and the existing companies may lead to pricing pressure on the companies in the future. GBI Research’s report, “Spinal Surgery Devices Market to 2017 - Motion Preserving Spinal Non-Fusion Procedures to Drive Long Term Growth” provides key data, information and analysis on the global spinal surgery devices market. The report provides market landscape, competitive landscape and market trends information on two spinal surgery devices market categories – spinal fusion devices and spinal non-fusion devices. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report also reviews the competitive landscape with major acquisitions and mergers in the last three years and a detailed analysis of the pipeline products in each category. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts For further details, please click or add the below link to your browser: http://www.gbiresearch.com/ Visit our report store: http://www.gbiresearch.com For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GBI Research is a market-leading provider of business intelligence reports. GBI Research covers worldwide markets and issues, supplies actionable data and forecasts and is driven by industry leaders’ insights. GBI Research provides a broad spectrum of reports across the healthcare and energy industries and its online offering is easy to navigate - a comprehensive resource for business information needs. End
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