Summary
Traditionally treated with an open surgical approach to stabilize vertebral bones and joints, spinal fusion is one of a number of surgical procedures that has begun the shift towards less invasive surgical techniques. With the advent of advanced imaging technologies, minimally invasive techniques have emerged as a solution to many of the disadvantages of traditional spinal fusion. Shorter operation time, less trauma to the patient’s anatomy, and faster return to motion are benefits of minimally invasive spine (MIS) surgery that, coupled with the global aging population and continued advancements in navigational technology, will propel its adoption. However, the growth of motion preserving solutions, cost-containment pressures in European healthcare systems, and low physician and patient awareness in emerging markets threaten the widespread adoption of this approach.
This report focuses on the market outlook for trauma fixation devices in Europe (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and UK). The analysis identifies the key unmet needs in the MIS market, discusses the major drivers and barriers of adoption, and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography.
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Highlights
Key Questions Answered
- What is the current and future MIS market outlook in the developed and emerging markets? What trends are affecting the European market?
- Which are the key, high growth markets that MIS 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 MIS devices? How will emerging technologies fulfill these unmet needs?
- What clinical factors and technical specifications influence a physician to use one type of device over another? What is physician perception and market outlook for 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 MIS market?
Scope
- Overview of recent key industry events and analysis of their market impact.
- Annualized total market revenue by type of device, procedure trends, and market outlooks by segment and 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 in the market.
- Pipeline analysis: Comprehensive data split across different stages of development, including a discussion of emerging trends and devices in development.
- Analysis of the current and future market competition in the European 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
- “What Physicians Think” quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. In this report you will understand the perceptions of leading orthopedic surgeons from around the world. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.
Companies Mentioned
DePuy Synthes (JNJ)
Globus Medical
Medtronic
NuVasive
Stryker
Zimmer Biomet
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1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 4
1.2 List of Figures 5
2 Introduction 11
2.1 Catalyst 11
2.2 Related Reports 11
3 Market Access 13
3.1 Reimbursement Trends 13
3.1.1 Europe 14
3.2 Mergers and Acquisitions 21
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 24
5 Competitive Assessment 26
5.1 Market Share Analysis 26
5.1.1 Europe 28
5.2 Key Companies and Product Profiles 32
5.2.1 DePuy Synthes (JNJ) 32
5.2.2 Globus Medical 34
5.2.3 Medtronic 35
5.2.4 NuVasive 36
5.2.5 Stryker 38
5.2.6 Zimmer Biomet 39
5.2.7 Other Players 41
5.3 Clinical Trials to Watch 44
5.4 Pipeline Products Assessment 46
6 Market Outlook 46
6.1 Global Market Drivers and Barriers 51
6.1.1 Driver: Increasing Global Aging Population 51
6.1.2 Driver: Advantages of Minimally Invasive Surgery over Open Surgery 52
6.1.3 Driver: Developments in Navigation and Robotics 52
6.1.4 Driver: Advances in Neuroimaging Technology 53
6.1.5 Barrier: Growth of Non-Fusion Technologies 54
6.1.6 Barrier: Burden of Rising Regulation 55
6.1.7 Barrier: Proving Efficacy 55
6.1.8 Barrier: Reimbursement Limitations 56
6.2 Market Outlooks by Geography 59
6.2.1 Europe 66
7 Appendix 80
7.1 Bibliography 80
7.2 Abbreviations 84
7.3 Methodology 87
7.3.1 Overview 87
7.3.2 Coverage 87
7.3.3 Secondary Research 88
7.4 Forecasting Methodology 88
7.5 Primary Research Summary 89
7.6 About the Authors 90
7.6.1 Jennifer Ryan, Orthopedic Analyst, Medical Devices 90
7.6.2 Linda Tian, MSc, Managing Analyst, Medical Devices 90
7.6.3 Tyler Fletcher, Global Head of Medical Devices 90
7.6.4 About GlobalData 91
7.7 Contact Us 91
7.8 Disclaimer 91
1.1 List of Tables
Table 1: Key Mergers, Acquisitions, and Partnerships in Minimally Invasive Spine Market 21
Table 2: DePuy Synthes - SWOT Analysis 33
Table 3: DePuy Synthes - Key Marketed Products Assessment 33
Table 4: Globus Medical - SWOT Analysis 34
Table 5: Globus Medical - Key Marketed Products Assessment 34
Table 6: Medtronic - SWOT Analysis 36
Table 7: Medtronic - Key Marketed Products Assessment 36
Table 8: NuVasive - SWOT Analysis 37
Table 9: NuVasive - Key Marketed Products Assessment 37
Table 10: Stryker - SWOT Analysis 38
Table 11: Stryker - Key Marketed Products Assessment 39
Table 12: Zimmer Biomet - SWOT Analysis 40
Table 13: Zimmer Biomet - Key Marketed Products Assessment 40
Table 14: Other Players Assessment 41
Table 15: Clinical Trials to Watch 44
Table 16: Pipeline Products Assessment 46
Table 17: Europe Minimally Invasive Spine Market Forecast ($M), by Country, 2014-2023 66
Table 18: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 67
1.2 List of Figures
Figure 1: Europe Company Market Shares for Minimally Invasive Spine, 2016 29
Figure 2: Europe Minimally Invasive Spine Market Forecast ($M), by Segment, 2014-2023 67
Figure 3: Europe Minimally Invasive Spine Market Comparison, 2016 and 2023 69
Figure 4: Minimally Invasive Spine Primary Research Participants, by Region 89
