New technologies and improvements to old technologies are driving success in the United States spinal implant market, according to an iData Research report.
Here are seven key trends in the market:
1. There is an increasing prevalence of motion preservation technology, which is the most notable development in the spinal implants market, according to the report.
2. Several companies are developing new minimally invasive products to make up for lost revenue in the traditional spinal fixation products.
3. There have been struggles for companies to put the newest technologies to market, including nucleus replacement devices and facet arthroplasties, both of which were expected to emerge over the past two years but the FDA has yet to grant approvals.
4. There are nucleus replacement devices in various clinical trial stages and its unknown when the products will enter the market or whether they'll have a significant impact on the markets for currently existing products.
5. Vertebral compression fractures are recovering from the New England Journal of Medicine article showing no statistical significance between patients treated with vertebroplasty and those with a placebo procedure. Since the study was released, other studies have not been consistent with those results.
6. Medtronic continues to lead the U.S. spinal implants market with more than one-third of the market share. The company leads in every segment it actively competes in.
7. DePuy Synthes, a Johnson & Johnson company, is Medtronic's biggest competitor and has been since Synthes joined the J&J family in 2012.