Companiesandmarkets.com

European spinal implants market expecting to exceed €1 billion by 2018

Press Release   •   Feb 07, 2013 10:46 GMT

The European spinal implant market has been forecast to exceed a value of €1 billion by 2018, with growth in the interbody fusion device sector continuing to be the largest contributor to the rising spinal implant industry.

The European market for spinal implants includes traditional thoracolumbar (TL) fixation, cervical fixation, interbody fusion, dynamic stabilization, artificial discs and vertebral compression fractures (VCF).

The European spinal implant market also encompasses a number of emerging technologies, such as MIS sacroiliac joint fusion, spinous process fixation and facet fixation. However, these markets are still in their infancy in the European market.

Despite the fact that an older average population leads to increased numbers of spine related issues, spinal implant revenues will not reflect comparable growth.

There is a considerable amount of potential in this market that isn't being realised currently, particularly in the nonfusion segment. However, even as these technologies become established, the overall market will continue to be dominated by the dynamics within the spinal fusion segment of the market. Because of the high fusion procedure cost, these products are a natural target of cost cutting.

A bright spot in this market is lumbar and cervical artificial discs, which will continue to grow. Their growth will be driven by positive clinical results and the entry of such companies as Globus Medical, LDR Spine, NuVasive and SpinalMotion.

Despite many current challenges, positive growth is expected in all segments of the market, as the patient demographics in Europe maintain a steady demand for such procedures.

However, over the coming years the interbody fusion device market will lead the other sectors in terms of growth.

For more information on the European spinal implants market, see the latest research: European Spinal Implants Market

Follow us on Twitter @CandMResearch


Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.