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Global interventional spine devices market to reach over $4.5 billion by 2021: Technavio report

Press releases may be edited for formatting or style | January 20, 2017
LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global interventional spine devices market is expected to grow at a CAGR of more than 10% during the forecast period.

This research report titled ‘Global Interventional Spine Devices Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

The market size of interventional spine devices is forecast to reach USD 4,504.2 million by 2021, with the Americas being responsible for generating highest revenue and maximum incremental growth through the forecast period.

One of the most important drivers of this market is the growing demand for minimally invasive procedures and non-invasive procedures. The growing demand for quick reduction in spine pain, reduced hospital stays, and better patient outcomes are pushing more patients to opt for these procedures.

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Based on the procedure, the report categorizes the global interventional spine devices market into the following segments:

Vertebroplasty
Kyphoplasty
Radiofrequency ablation
Others

The top three revenue-generating procedure segments in the global interventional spine devices market are discussed below:

Vertebroplasty

“Vertebroplasty is a minimally invasive surgical procedure, which is employed to treat vertebral compression fracture patients suffering from severe spine pain. This surgical procedure is mainly used to stabilize the spinal fracture and to stop or relieve the pain caused by the vertebral compression fractures,” says Barath Palada, one of the lead analysts at Technavio for orthopedics research.

Vertebroplasty receives significant demand from untapped customer pool from emerging markets seeking back pain treatment. The market is also witnessing the launch of new precise bone cement delivery technologies. Combined with the immense positive outcomes of the surgery, this segment will grow considerably through the forecast period.

Kyphoplasty

Similar to vertebroplasty, kyphoplasty is also a minimally invasive procedure used to achieve spinal decompression in patients seeking back pain treatment for osteoporotic fractures, osteolytic tumors, and traumatic vertebral fractures. Kyphoplasty is a relatively advanced procedure, which reinstates vertebral height and lessens spinal deformity and has very few or no side effects. This procedure is swiftly gaining traction in the market, driven by attractive reimbursement options, superior results, and high efficacy.

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