BURLINGTON, Mass., Sept. 18, 2015 /PRNewswire/ — Decision Resources Group finds that while some differences exist, the spinal implant markets in both the US and Europe will continue to expand, owing to several factors including the adoption of premium-priced motion preserving
devices, favorable population dynamics, the continual emergence of supporting clinical data, and device innovation–especially related to minimally invasive spine surgeries. Still, purchasing will be limited to some extent by cost-containment measures that affect facility budgets. Moreover, stringency with reimbursement coverage and an increasing emphasis on conservative care will hinder market potential.
Other key findings from the Decision Resources Group’s Medtech 360 spinal implant reports:
The ongoing emergence of robotic spine surgery will drive procedures in the long term due to the associated benefits of robotic surgery; these include a reduction in blood loss, postoperative pain, narcotics, surgeon tremor, and hospital stay associated with spinal implant procedures. However, robotic spine surgery will continue to be limited by obstacles such as limited accessibility, high cost, and a lack of surgeon training in the near term.
Comments from Decision Resources Group Team Lead Rene Azeez:
“Regenerative medicine represents an important part of the future of spine treatment. In my opinion, spinal implant companies will have to be flexible in the way they look at their current portfolios. I don’t think that traditional implants will disappear, but I do believe that regenerative therapies will take more of the center stage in the treatment of spinal pathologies in the years to come.”
“Another big shift in spine surgery is where the procedures are being performed. Reimbursement, patient preference, surgeon motive, and a myriad of other factors have driven the choice between hospital inpatient, hospital outpatient, and ASCs to become increasingly complex. Spinal implant firms are a major stakeholder in this decision, and their strategic platform should heavily consider site of service trends in spine surgeries.”
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About Decision Resources Group
Decision Resources Group offers best-in-class, high-value data, analytics and insights products and services to the healthcare industry, delivered by more than 900 employees across 14 global locations. DRG provides the pharmaceutical, biotech, medical device, financial services and payer industries with the tools, insights and advice they need to compete and thrive in an increasingly complex and value-based marketplace. DecisionResourcesGroup.com.
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