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Follow on Google News | Spinal Non-Fusion Devices - Global Pipeline AnalysisSpinal Non-Fusion Devices Market is Forecast to Reach $950m by 2017
By: Rajesh Gunnam Back pain is one of the most common medical problems reported across the world, and is one of the leading causes for lost work days and income among people of all ages. It is a common symptom that is observed in many spinal problems such as disc degeneration disease, spinal stenosis and spondylolisthesis. Globally, about 80% of the population will suffer from lower back pain at some point in their lives. In the US and Europe, the lifetime prevalence of back pain is estimated to be in the range of 60 - 90%, with a yearly incidence of about 5%. The prevalence is highest in the 30 - 60 year age group. In Europe, countries such as Germany, the UK, France and Italy have the highest prevalence rates for back pain. The US spinal non-fusion devices market was valued at $285.8m in 2010 and is expected to grow at a CAGR of 7.7% to reach $479.7m by 2017. This market growth is expected to be driven by the anticipated Food & Drug Administration (FDA) approval of a number of spinal non-fusion devices which are performing well in the markets outside the US and rapid developments in the minimally-invasive procedures. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ Although the US is the biggest market for spinal non-fusion devices, the market has been facing some challenges such stricter reimbursement policies, lack of any long term efficacy data regarding the use of these devices and a stringent regulatory approval process. Despite these challenges, some of the spinal non-fusion products which are doing well in the markets outside the US are expected to receive approval in the US over the next few years which will provide a boost to the market growth. Also new technologies are rapidly emerging which will act as an impetus for the market growth. Artificial disc replacement is forecast to be the fastest growing segment in the spinal non-fusion devices market. The global market for artificial disc replacement was valued at $215.5m in 2010 and is expected to grow at a CAGR of 8.4% to reach $379.8m by 2017. The tangible benefits of artificial disc replacement surgery over spinal fusion surgery are expected to lead to increased adoption of the procedure in the future. Two studies published in the Spine Arthroplasty Society (SAS) journal of the International Society for the Advancement of Spine Surgery and the Society for Minimally Invasive Spine Surgery in December 2010, suggested that artificial disc replacement provides better long term results compared to spinal fusion at lower costs. Both studies compared artificial disc replacement with spinal fusion for the treatment of Degenerative Disc Disease (DDD). GlobalData’s new report, “Spinal Non-Fusion Devices- Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2017” provides key data, information and analysis on the global spinal non-fusion devices market. The report provides market landscape, competitive landscape and market trends information on the spinal non-fusion devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market’s dynamics. The report also reviews the competitive landscape and technology offerings. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a global market intelligence services company providing information research and analysis products and services. End
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