Summary
Open access spinal fusion surgeries involve large incisions and can inflict significant damage to the muscles surrounding the spine. Minimally invasive spine (MIS) techniques have emerged as a solution to many of the disadvantages of traditional spinal fusion.
The global MIS market will be strongly driven by the growing global aging population, as well as the global shift towards outpatient procedures and advantages of MIS over open surgery, including reduced trauma and faster recovery.
Global market is dominated by Medtronic, DePuy, and NuVasive.
Growing interest in complimentary technologies, such as surgical navigation and robotics systems, will also drive the MIS market.
Highlights
Key Questions Answered
- What is the current and future MIS market outlook in the developed and emerging markets? What trends are affecting the global market?
- Which are the key, high growth markets that device manufacturers should expand into? Which markets are growing the fastest, and what are the top-selling products in each segment?
- What are the unmet needs with the current generation of devices ? How will emerging technologies fulfill these unmet needs?
- What clinical factors influence physician product use? What is physician perception of MIS?
- What are the challenges and complications that have hindered widespread adoption?
- With developing the next-generation of devices, what aspects of the technology are device manufacturers focused on optimizing? How will new entrants impact the global MIS market?
Key Findings
- Growth in the MIS market will be primarily driven by the growing global aging population, shift towards outpatient surgical procedures, growing interest in surgical navigation and robotics systems, and advantages of MIS over open surgery.
- Reimbursement and regulatory limitations, as well as the growing preference for motion-retaining technologies, are demanding obstacles to be overcome.
- The global trauma fixation market is fairly consolidated, with three major players emerging as market leaders: DePuy Synthes (Johnson & Johnson), Medtronic, and NuVasive. Other key players include Globus Medical, Stryker, and Zimmer Biomet.
- Technological developments such as expanding interbody devices and surgical navigation systems have the potential to improve MIS procedures by creating more anatomical solutions and reducing operating time.
Scope
- Overview of the MIS market, including reimbursement trends and M&A analysis
- Annualized total market revenue by type of device, procedure trends, and market outlooks by region through 2023.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies on the market.
- Pipeline analysis: Comprehensive data split across different stages of development and analysis of emerging trends in design.
- Analysis of the current and future market competition in the global MIS market. Insightful review of the key industry drivers, barriers, and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to buy
The report will enable you to -
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the global MIS market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the global MIS market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and regionalMIS market from 2014-2023.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.
Companies Mentioned
DePuy Synthes (J&J)
Globus Medical
Medtronic
NuVasive
Stryker
Zimmer Biomet
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1 Table of Contents
1 Table of Contents 5
1.1 List of Tables 8
1.2 List of Figures 9
2 Introduction 11
2.1 Catalyst 11
2.2 Related Reports 12
3 Market Access 13
3.1 Reimbursement Trends 13
3.1.1 North America 13
3.1.2 Europe 14
3.1.3 Asia-Pacific 15
3.1.4 South America 19
3.1.5 Middle East and Africa 20
3.2 Mergers and Acquisitions 22
4 Unmet Needs 23
4.1 Lacking Surgeon Education 23
4.2 Excessive Radiation Exposure 23
4.3 Expanding Minimally Invasive Techniques 24
4.4 Improved Reimbursement Coverage for Minimally Invasive Surgical Procedures 25
5 Competitive Assessment 26
5.1 Market Share Analysis 26
5.1.1 Global Overview 26
5.1.2 North America 27
5.1.3 Europe 27
5.1.4 Asia-Pacific 28
5.1.5 South America 29
5.1.6 Middle East and Africa 30
5.2 Key Companies and Product Profiles 31
5.2.1 DePuy Synthes (J&J) 31
5.2.2 Globus Medical 33
5.2.3 Medtronic 35
5.2.4 NuVasive 37
5.2.5 Stryker 39
5.2.6 Zimmer Biomet 40
5.2.7 Other Players 42
5.3 Clinical Trials to Watch 46
5.4 Pipeline Products Assessment 49
6 Market Outlook 50
6.1 Procedure Trends 50
6.2 Global Market Drivers and Barriers 55
6.2.1 Driver: Increasing Global Aging Population 55
6.2.2 Driver: Advantages of Minimally Invasive Surgery over Open Surgery 56
6.2.3 Driver: Developments in Navigation and Robotics 57
6.2.4 Driver: Advances in Neuroimaging Technology 57
6.2.5 Barrier: Growth of Non-Fusion Technologies 58
6.2.6 Barrier: Burden of Rising Regulation 59
6.2.7 Barrier: Proving Efficacy 60
6.2.8 Barrier: Reimbursement Limitations 60
6.3 Market Outlooks by Segment 61
6.3.1 Global Overview 61
6.4 Market Outlooks by Geography 63
6.4.1 Global Overview 63
6.4.2 North America 67
6.4.3 Europe 70
6.4.4 Asia-Pacific 74
6.4.5 South America 77
6.4.6 Middle East and Africa 80
7 Appendix 83
7.1 Bibliography 83
7.2 Abbreviations 88
7.3 Methodology 91
7.3.1 Overview 91
7.3.2 Coverage 91
7.3.3 Secondary Research 91
7.4 Forecasting Methodology 93
7.5 Primary Research Summary 94
7.6 About the Authors 95
7.6.1 Jennifer Ryan, Orthopedic Analyst, Medical Devices 95
7.6.2 Linda Tian, MSc, Managing Analyst, Medical Devices 95
7.6.3 Tyler Fletcher, Global Head of Medical Devices 96
7.7 About GlobalData 97
7.8 Disclaimer 97
1.1 List of Tables
Table 1: Key Mergers, Acquisitions, and Partnerships in Minimally Invasive Spine Market 22
Table 2: DePuy Synthes - SWOT Analysis 32
Table 3: DePuy Synthes - Key Marketed Products Assessment 33
Table 4: Globus Medical - SWOT Analysis 34
Table 5: Globus Medical - Key Marketed Products Assessment 35
Table 6: Medtronic - SWOT Analysis 36
Table 7: Medtronic - Key Marketed Products Assessment 37
Table 8: NuVasive - SWOT Analysis 38
Table 9: NuVasive - Key Marketed Products Assessment 38
Table 10: Stryker - SWOT Analysis 39
Table 11: Stryker - Key Marketed Products Assessment 40
Table 12: Zimmer Biomet - SWOT Analysis 41
Table 13: Zimmer Biomet - Key Marketed Products Assessment 42
Table 14: Other Players Assessment 43
Table 15: Clinical Trials to Watch 47
Table 16: Pipeline Products Assessment 49
Table 17: Global Procedure Volume Forecast for MIS Procedures, 2014-2023 51
Table 18: Thoracolumbar Procedure Forecast for % MIS Procedures, 2014-2023, by Country 52
Table 19: Cervical Procedure Forecast for % MIS Procedures, 2014-2023, by Country 53
Table 20: Regional Procedure Volume Forecast for MIS Procedures, 2014-2023 55
Table 21: Global Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 62
Table 22: Global Minimally Invasive Spine Market Forecast ($M), by Region, 2014-2023 65
Table 23: North America Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 67
Table 24: North America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 68
Table 25: Europe Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 70
Table 26: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 72
Table 27: APAC Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 74
Table 28: APAC Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 75
Table 29: South America Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 77
Table 30: South America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 78
Table 31: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 80
Table 32: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 81
1.2 List of Figures
Figure 1: Global Company Market Shares for Minimally Invasive Spine, 2016 26
Figure 2: North America Company Market Shares for Minimally Invasive Spine, 2016 27
Figure 3: Europe Company Market Shares for Minimally Invasive Spine, 2016 28
Figure 4: APAC Company Market Shares for Minimally Invasive Spine, 2016 29
Figure 5: South America Company Market Shares for Minimally Invasive Spine, 2016 30
Figure 6: Middle East and Africa Company Market Shares for Minimally Invasive Spine, 2016 31
Figure 7: Global Procedure Volume Forecast for MIS Procedures, 2014-2023 50
Figure 8: Global Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 62
Figure 9: Global Minimally Invasive Spine Market Comparison, by Segment, 2016 and 2023 63
Figure 10: Global Minimally Invasive Spine Market Forecast ($M), by Region, 2014-2023 64
Figure 11: Global Minimally Invasive Spine Market Comparison, by Region, 2016 and 2023 66
Figure 12: North America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 68
Figure 13: North America Minimally Invasive Spine Market Comparison, 2016 and 2023 69
Figure 14: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 71
Figure 15: Europe Minimally Invasive Spine Market Comparison, 2016 and 2023 73
Figure 16: APAC Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 75
Figure 17: APAC Minimally Invasive Spine Market Comparison, 2016 and 2023 76
Figure 18: South America Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 78
Figure 19: South America Minimally Invasive Spine Market Comparison, 2016 and 2023 79
Figure 20: Middle East and Africa Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 81
Figure 21: Middle East and Africa Minimally Invasive Spine Market Comparison, 2016 and 2023 82
Figure 22: Minimally Invasive Spine Primary Research Participants, by Region 94
