Europe Spinal Surgery Devices Market: Increasing Procedures to Drive Growth
This report is an essential source of data and analysis on Europe spinal surgery devices market with complete coverage by categories. The report provides market landscape, competitive landscape and market trends information on two market categories Ã¢â‚¬“ spinal fusion and spinal non-fusion. The report identifies the key trends shaping and driving the dynamism in Europe spinal surgery devices market. The report also provides insight on the prevalent competitive landscape and on the emerging players which are expected to bring significant shift in the market standing of the existing leaders. The report also analyses the M&A landscape with special focus on the market participants that have been the most M&A active. The report also provides valuable insight on the pipeline products within Europe spinal surgery devices market. ( http://www.bharatbook.com/Market-Research-Reports/Europe-Spinal-Surgery-Devices-Market-Increasing-Procedures-to-Drive-Growth.html )
The Future of the European Spinal Surgery Device Market Looks Promising
The European spinal surgery devices market valued at $814 m in 2008 is forecast to grow by 9.3% annually for the next seven years to reach $1.5 billion by 2015. The key trends driving growth in the spinal surgery market are the high incidence of Degenerative Disc Disorders (DDD) and an ever-increasing rate of spinal factures. The market growth is strong for spinal surgery procedures due to the increase in an aging population and the increase in spine related diseases. The spinal fusion segment contributed more than 75% to the European total spinal surgery devices market in 2008 with the spinal non-fusion segment making up the balance. The growth in this segment is primarily driven by a well accepted surgical procedure with proven results and good clinical outcomes.
Nucleus Replacement - Next Big Opportunity in the Spinal Surgery Devices Market
Nucleus replacement, one of the key motion preservation technologies, is expected to be the next big opportunity in the spinal surgery devices market. The nucleus replacement technique being less invasive, less traumatic and offering the advantage of motion preservation shows high growth potential in the rapidly growing spinal surgery market. The market for nucleus replacement is expected to be one of the fastest growing segments in the spinal surgery market by 2015, primarily driven by the advantages of nucleus replacement over spinal fusion and total disc prosthesis.
Medtronic Remains the Market Leader in the Europe Spinal Surgery Devices Market
Medtronic, Depuy and Synthes remain the leading competitors in the European spinal surgery devices market. Together, these companies accounted for 68% of the overall market share in 2008. Medtronic remained the market leader with a share of 33%. However with multiple new products expected to hit the market in the next few years, a shift in the prevailing competitive landscape is expected. More than 90 products were in different developmental stages in 2008. If approved, these pipeline products will lead to an intensely competitive spinal surgery devices market landscape and the existing market leaders need to be prepared to manage these future challenges.
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