Albany, NY -- (ReleaseWire) -- 07/07/2014 -- Inception of non-fusion technologies into spinal surgery has improved outcomes by providing patients to retain at least some movement and flexibility in the spine. The global market for spinal nonfusion technologies comprises of disc arthroplasty, nuclear arthroplasty and nuclear disc prostheses. These artificial discs are composed of metal, soft plastic like materials or a combination of both such as medical grade plastic and medical grade cobalt chromium or titanium alloy enabling flexibility to spine. Disc arthroplasty is a surgical procedure in which degenerated spinal discs are replaced by artificial discs in order to treat severe back pain resulting from degenerative invertebral discs.
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The market is segmented into dynamic stabilization devices, artificial discs, annulus repair devices and nuclear disc prostheses. The stabilization devices segment comprises of interspinous process decompression devices and facet arthoplasty devices while artificial discs segment includes artificial discs for cervical and lumbar vertebrae. The key players operating in this market include Medtronic, DePuy Spine, Synthes Spine, Zimmer Spine, Raymedica, NP Solutions, Vertebral Technologies, Cryo Life, Pioneer Surgical technologies, Replication Medical and Arthro Kinetics.
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The market for spinal nonfusion technologies is expected to continue growing worldwide under the influence of increasing age related degenerative changes to the spine resulting into severe back pain and disability, entry of new products that provide minimally invasive procedure. On the other hand lack of reimbursement policy for nonfusion spinal technologies and high cost associated with these procedures may hamper the growth of this market up to some extent. Geographically North America is expected to be a fastest growing region by growing at an impressive compounded annual growth rate in double digits in the context of adoption of new technologies such as dynamic stabilization devices and total disc replacement. North America will be followed by Europe and Asia-Pacific.
The strict governmental regulation in Japan may restrict the growth of spinal nonfusion technologies market. Asian majors including India, China, and South Korea are predicted to show a slow growth due strict regulatory approvals and conservative approach of surgeons.
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