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Globaldata's New Report - Spinal Implants
Globaldata's New Report - Spinal Implants 
The Global Spinal Implants Market is Expected to Grow at a CAGR of 7% from 2009 to 2016
Hyderabad,
AP,
India
(prbd.net)
07/10/2010
"Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016"
The global market for spinal implants is forecast to grow from $6.5 billion in 2009 to about $10.3 billion by 2016, with a Compound Annual Growth Rate (CAGR) of 7%. The global spinal fusion implants market is expected to reach a size of $9 billion by 2016. The market size in 2009 was $5.9 billion and is expected to grow at a CAGR of 6%. The global market for spinal non-fusion implants is expected to grow to $1.2 billion by 2016 from $606m in 2009 with a CAGR of 11%. The spinal fusion implants segment is the biggest in terms of market size, contributing about 90% of the revenue for the spinal implants market category.
Globally, about 80% of the population suffers lower back pain at some point in their lives. In the US and Europe, the lifetime prevalence of back pain is estimated to range from about 60% to 90%, with a yearly incidence of about 5%. The prevalence of chronic impairing back pain increased from 3.9% in 1992 to almost 10.2% by 2006. The prevalence is highest in the 30-60 age group. In Europe, countries such as Germany, the UK, France and Italy have the highest prevalence rates for back pain. In the US, the annual cost of back pain is estimated to be more than $100 billion. About two-thirds of this is due to either lost labor or decreased productivity.
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As of 2009, it is estimated that about 250,000 to 500,000 people suffer from spinal stenosis in the US, which is about five persons out of every 1000 aged over 50 years. The population above 50 years is expected to increase by about 18 million over the next decade, indicating a growth in the prevalence of spinal stenosis among this segment of the population. Patient numbers are expected to be higher in other parts of the globe too.
Apart from the growing prevalence rates, the other major factor driving growth in the market for spinal implants is the introduction of many new innovative products by various device manufacturers. More than 200 products are currently in different stages of development and are expected to be introduced in the market soon. By the end of the calendar year 2012, more than 150 products which are currently in different stages of clinical development are expected to get the necessary approvals and be ready for market launch. These products have various applications such as dynamic stabilization, artificial disc replacement, disc nucleus replacement and orthobiologics. The arrival of these products in the market is expected to drive the demand for spinal implants in the future.
GlobalData’s new report, “Spinal Implants - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global spinal implants market. The report provides market landscape, competitive landscape and market trends information the spinal implants market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Spinal-Surgery-Devices--Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016
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