Dublin-based Medtronic and New Brunswick, N.J.-based DePuy Synthes lead the cervical and lumbar artificial disc market, according to iData Research.
Here's what you need to know:
1. The motion preservation segment will be the fastest growing in the U.S. spinal implants and vertebral compression fracture market. The overall market is expected to reach nearly $7 billion by 2023.
2. New devices in the cervical artificial disc market and lumbar artificial disc market are fueling the fast growth. Traditional fixation procedures will limit the artificial disc market's growth.
3. Medtronic strengthened its position in the interspinous process decompression device market by purchasing Kyphon and distributing its X-STOP device in 2007.
4. DePuy Synthes is the only company selling LAD and CAD products in the U.S. and is a leading competitor in spinal device segments encompassing traditional and minimally invasive surgery procedures.
5. iData CEO Zamran Zamanian, PhD, said, "Traditional fusion markets are expected to show consistent growth rate but will eventually begin to stabilize in value over the next several years as motion preservation and minimally invasive surgery (MIS) procedures become increasingly common."
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