Technavio has announced the top four leading vendors in their recent lateral lumbar interbody fusion (LLIF) market in the US 2016-2020 report. This research report also lists 19 other prominent vendors that are expected to impact the market during the forecast period.
According to Technavio’s report, lateral lumbar interbody fusion is minimally invasive surgery recommended for treating lumbar spinal disorders such as spondylolisthesis, lumbar degenerative disc disease, scoliosis, and recurrent lumbar disc herniation.
Technavio’s lead research analyst, Brahadeesh Chandrasekaran, specializing in research on general medical devices says, “The increasing incidence of degenerative diseases such as spondylolisthesis, degenerative scoliosis, and spinal stenosis is likely to create more demand for spinal surgeries.”
Vendor competitive landscape
According to the new report by Technavio, the LLIF market in the US mark the presence of large, well-established vendors as well as new and emerging companies. The market is subject to rapid change and is significantly affected by new product launches and other market activities of key industry participants.
The report lists Medtronic, DePuy Synthes, and Stryker as the leading players in the market, but these players are continuously losing their market share to smaller players such as Globus Medical. And though the leading companies hold dominant positions in the market, innovation and better product development can alter the market dynamics. Therefore, vendors are increasingly investing in research, product launches and gaining regulatory approvals to enhance their foothold in the market.
About the top four lateral lumbar interbody fusion market vendors in the US
DePuy Synthes
DePuy Synthes was founded in 1895 and is headquartered in Warsaw, Indiana, US. It designs, manufactures, and distributes orthopedic and neurological devices. It offers these products and services for trauma, spine, sports medicine, joint reconstruction, neuro, craniomaxillofacial, power tools, and biomaterials. It functions as a subsidiary of Johnson & Johnson.
The company's latest product offering in the market includes MIS Lateral Platform that offers COUGAR LS lateral cage system and PIPELINE LS lateral access system to treat spinal conditions such as scoliosis and degenerative disc disease, and the VIPER system.
Medtronic
Medtronic was founded in 1949 and is headquartered in Dublin, Ireland. The company focuses on medical therapies to alleviate pain and restore health. Its core technologies include electrical stimulation, implantable structural devices, targeted drug and biologics delivery, powered and advanced energy instruments, and patient and device management solutions. For FY2015, the company reported revenue of USD 20.3 billion and spent USD 2 billion on R&D.
Medtronic offers diversified products in the spine segment, including rods, pedicle screws, hooks, plates, balloons, interbody devices, and biologics. It generated 37% of its revenue from the sales of products introduced in the past three years. It also offers a broad portfolio of sophisticated internal spine stabilization devices, biomaterials, and instruments for the treatment of various spinal conditions.
NuVasive
NuVasive was founded in 1999 and is headquartered in San Diego, California, US. It is a medical device company providing minimally disruptive surgical products and procedural integrated solutions for the spine market.
NuVasive generated sales of USD 590.47 million from spine surgery devices in FY2014. The company has 230 patents in the US, 165 foreign national patents, and 284 pending patent applications, including 198 US applications, one international application, and 85 foreign national applications. The company invested around 5% of its total revenue on R&D in FY2014.
Stryker
Stryker was founded in 1941 and is headquartered in Kalamazoo, Michigan, US. It is a medical technology company. It offers implants used in joint replacement and trauma surgeries; endoscopic and communications systems; surgical equipment and surgical navigation systems; neurosurgical, neurovascular, and spinal devices; patient handling and emergency medical equipment; and other medical device for use in various medical specialties.
Stryker generated a sales of USD 776 million from spine surgery devices in FY2014. The company develops novel products and devices; it invested nearly 5.9% of its revenue in R&D in FY2014. The spine and orthopedics and neurotechnology segments grew by 6% in terms of constant currency in FY2014.
The 19 other prominent vendors listed in Technavio’s report include Aesculap Implant Systems, Alphatec Spine, Amedica, AOI Medical, Biomet, Cook Medical, Crosstrees Medical, K2M, LDR, NuTech Medical, Orthofix International, Paradigm Spine, RTI Surgical, Smith & Nephew, Trans1, Vexim, VTI, Zavation, and Zimmer Holdings.
Browse Related Reports:
- Global Minimal Invasive Surgery Market 2015-2019
- Global Minimally Invasive Vertebral Compression Fracture Repair Market 2015-2019
- Global Balloon Kyphoplasty Market 2015-2019
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
Contacts
Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
Source : Business Wire , 19th Jan 2016
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
Source : Business Wire , 19th Jan 2016
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