Lucero Medical, LLC was created to allow surgeons and hospitals a cost effective and established way to treat spinal trauma and tumor patients. The CEO is Lee A. Strnad who has worked over 20 years in the orthopedic field primarily in spine. He was a partner on AcroMed’s deformity team, working closely with Dr. Mark Asher on numerous ISOLA products. He was instrumental in starting EBI’s spinal department which achieved over $35 million in sales within five years. He led the development of Axiomed Spine Corporation’s Freedom Lumbar Disc which raised over $24 million dollars in VC funding. At OrthoHelix Surgical Designs, Mr. Strnad led the develpment and operatonal efforts which easily raised over $6 million in VC funding. http://www.luceromedical.com
About the Spinal Market
The Spinal implants and spinal devices market, by technology, includes spinal fusion and fixation, vertebral compression fracture treatment, and motion preservation/non-fusion technologies. On the basis of products, the global spinal implants and spinal devices market is divided into six major segments, namely, thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, vertebral compression fracture treatment devices, motion preservation/non-fusion treatment devices, and spine bone stimulators. Bases on the type of surgery, the global spinal implants and spinal devices market is divided into two segments, namely, open surgery and minimally invasive surgery. The spinal decompression devices market, by type of procedure, covers discectomy, laminotomy/laminectomy, foraminotomy/foraminectomy, facetectomy, and corpectomy procedures.
The Spinal market is expected to reach USD 15.73 Billion by 2020, growing at a CAGR of 5.6% from 2015 to 2020. As of 2015, North America is estimated to hold the largest share of the global spinal implants and spinal devices market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 8.2% from 2015 to 2020. A number of factors, including rising healthcare expenditure in developing nations owing to growing income levels, increasing government funding, presence of a large patient population, rising obesity cases, and growing awareness on the newly developed spine treatment techniques and devices are propelling the growth of the spinal implants and spinal devices market in the Asia-Pacific region. However, challenges associated with this market, such as scarcity of expertise and trained healthcare workers and lack of adequate patient awareness restricts the market growth in this region.Source: marketsandmarkets.com