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Global Spine Market Report -------------------------------2012
View Report Details Executive Summary The spine market is by far the largest segment within the global orthopedic market. Over the last few years, the market has witnessed significant growth majorly on the back of economic recovery and aging population. The US is the largest market for spinal surgeries and the country has significant growth opportunity in the coming years also. However, in 2011, the overall revenue of the spine market in the US has declined due to pricing pressures on manufacturers and declining insurance coverage. Within the global spine market, the thoracolumber segment is the highest revenue generating segment, whereas, in the US spine market, spinal fusion segment recorded higher revenues as well as higher procedural volumes compared to the other segments. The spinal fusion and disc replacement segments in the US have shown significant volume growth. However, the revenue from these segments grew marginally as the average selling prices of spine equipments have declined as a result of pricing pressure on manufacturers and higher competition in the market. It is expected that new innovations in the minimally invasive surgeries domain will continue to have a positive impact on the market as the new and improved surgical tool will make complicated spine surgeries easier than before. However, shortage of skilled healthcare workers, doubtful medical reimbursements, and growing cost of advanced surgeries will continue to challenge the growth of the market. Medtronic led both the worldwide and the US spine market in 2011, followed by JNJ Depuy, Synthes, and Stryker. However, the market share of Medtronic has witnessed significant decline in recent past due to strong performance of few new entrants (including NuVasive and Globus Medical) in the market. Recently, JNJ Depuy acquired Synthes and the combined entity is expected to become the major competitor of Medtronic. The report provides an analysis of the global spine market. It discusses major market trends, growth drivers, and challenges. It presents the competitive structure of the industry and profiles major players in the spine market with a discussion of their key business strategies. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global spine market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Promising Growth Opportunity Revenue of Worldwide Spine Market, 2007-2011
US$ Billion
The worldwide spine market has recorded ……growth over the last …….. on the back of ………………and decreased ……………….. In 2010, the worldwide spine market was valued at US$..............billion, which recorded a Y-O-Y growth of ……………% reaching US$............. billion in 2011. The market is expected to experience major ………. in near future, which will decrease the …………… on …………... As a result, increasing ………………… coupled with moderate ……………….. will drive the future market growth.
2007
2008
2009
2010
Worldwide Spine Market by Segments, 2011
Biologics Interventional Motion Preservation
Cervical MIS Thoracolumbar
2011
The ………segment which includes orthopedic surgeries related to …………………..of the spinal column was the major segment of the global spine market and the particular segment accounted for about ……% of the overall market in 2011. The ………segment which includes ……………………………………….. has accounted for about …..% of the worldwide spine market in the mentioned year. The ……..segment is gaining popularity rapidly and in 2011, the segment has accounted for ……% of the aforesaid market. The other segments within the global spine market include ……………………….., …………………, and …………………….
The outlook for spine market in the US remains positive on the back of strong growth prospects of spinal fusion surgeries in the near future… Quarterly Revenue Spine Market in the US, 1Q10A-4Q11E
The quarterly performance of the US spine market has shown that the market has witnessed ……………….and …. during the …. in … as the quarterly sales of the market ….. compared to the sales ….. year. It is estimated that in 4Q11, the sales of the market have ….US$.... billion compared to US$..... billion in 4Q10, showing a marginal …. of …..%.
US$ Billion
The spinal procedures in the US can be segmented into ….segments. The spinal fusions accounted for approximately …..% of the market by value in 2011. The …..segment and …..segment accounted for ….% and …….% of the market respectively. On a … basis, the US spinal surgeons expect …….. in the …. market in 2012. In 2013, the US spinal surgeons expect …….. However, it is obvious from surgeon responses that they expect …. over the next several years.
1Q10A
2Q10A
3Q10A
4Q10A
1Q11A
2Q11A
3Q11A
4Q11E
The overall revenue from the US ….. procedures is expected to have reached US$.... in 2011 compared to US$.... in 2009. It is estimated that, during 2011-2014, the US market for cervical procedures will grow at a CAGR of …% to reach US$.... in 2014.
The US Spinal Procedures Market by Segment, 2011 Revenue of the US Spinal Fusion Market, 2009A-2014F 14.9%
US$ Million
2.82%
82.28% Spinal Fusions Kypho/Vertebroplasties
Spinal Disc Replacements
2009A
2010A Cervical
2011E
2012F
Curvature/Cancer
2013F Lumbar
2014F
Global Spine Market to Show Moderate Growth
US$ Billion
Global Revenue Forecast of Spine Market, 2011A-2015E
2011A
2012E
2013E
2014E
2015E
There has been a significant growth in the worldwide spine market in the past few years, and this growth is projected to continue at a ………….rate in the years ahead. In 2011, the overall revenue of global spine market was approximately US$........ billion, which is expected to grow up to US$................ billion by the end of 2015. The worldwide revenue of spine products is estimated to grow at a CAGR of ……..% during 2011-15. The major reasons for the growth of global spine market would be increasing ……………, improving ………………….., increasing …………….. rates, and …………………… products.
View Report Details Table of Contents 1. Spine Market Overview 1.1 Regions of the Spine 1.2 Spinal Products 1.3 Disorders Affecting the Spine 2. Market Size 2.1 Global Orthopedic Market Market Value Market Segments Regional Breakdown 2.2 Worldwide Spine Market Market Value Market Segments Regional Breakdown Spinal Implant Market 2.3 Spine Market in the US Market Value Market Segments Spinal Fusion Disc Replacement Vertebroplasties Product Segmentation 3. Key Trends 3.1 Growth Potential of New Spinal Procedures 3.2 Growth of Minimally Invasive Spine Surgery 3.3. Higher Success Rates due to Improved Surgical Tools
List of Charts Worldwide Orthopedics Market, 2009-2015E World Orthopedics Market Share by Segments, 2011 Worldwide Orthopedics Market by Geography, 2009-2010 Revenue of Worldwide spine Market, 2007-2011 Quarterly Revenue of Worldwide Spine Market, 1Q10A-4Q11E Worldwide Spinal Market Sales by Geography, 2011 Worldwide Spine Market by Segments, 2011 Worldwide Spinal Implant Market, 2009A-2013E Spine Market in the US, 2007-2011 Quarterly Revenue Spine Market in the US, 1Q10A-4Q11E Spinal Procedures in the US by Volume, 2008-2011 The US Spinal Procedures Market by Segment, 2011 Monthly Growth of Spinal Fusion Procedure in the US, Jan 2011-Jan 2012 Spinal Fusion Procedures by Volume in the US, 2008-2011 Disc Replacement Procedures by Volume in the US, 2008-2011 Vertebroplasties Procedures by Volume in the US, 2008-2011 Revenue of the US Spinal Fusion Market, 2009A-2014F Revenue of the US Spinal Disc Replacement Market, 2009A-2014F Spine Curvature/Cancer Cases & Revenue per Case in the US, 2009A2016E Spinal Market Sales in the US by Product Type, 2011 Region of Spinal Fusion in the US by Procedural Volume, 2011 Spinal Market Procedural Volume by Indication in the US, 2011 Growth of Global Aging Population (60 years and above), 2005-2012E Worldwide Gross National Income per Capita, 2005-2011 Global Life Expectancy at Birth, 2005-2010 Worldwide Orthopedic Market Share by Company, 2011 Market Share of Manufacturers in the Worldwide Spine Market, 2011 Market Share of Top Five Players in the Worldwide Spine Market, 20062010
View Report Details Table of Contents 4. Growth Drivers 4.1 Global Ageing Population 4.2 Improving Worldwide Economy 4.3 Increasing Life Expectancy Rates 5. Significant Developments 5.1 New Power Technology for Reconstructive Spine Surgery by Medtronic 5.2 New System for Neuromuscular Scoliosis by JNJ Depuy 5.3 Launch of iVAS Inflatable Vertebral Augmentation System by Stryker 5.4 Launch of First Minimally Invasive System by JNJ Depuy 6. Challenges 6.1 Shortage of Healthcare Workers and High Wages 6.2 Lower Reimbursements for Spine Surgery 6.3 Growing Cost of Innovation in the Spine Market 7. Spine Market - Competitive landscape 7.1 Competitive Landscape in the Global Spine Market Market Share Major Players – Growth Comparison 7.2 Competitive Landscape in the US Overall Market Share Share in Key Segments 8. Company Profiles 8.1 Medtronic Business Description Key Financials Business Strategies
List of Charts Market Share of Top 5 Players in the Global Spinal Implant Market, 2009A-2013E Y-O-Y Growth of 5 Major Players in the Global Spinal Implant Market, 2009A-2013E Market Share of Major Players in the US Spinal Implant Market, 2011 Share of Major Players in the US Interbody Fusion Market, 2011 Share of Major Players in the US Lumbar Metal Market, 2011 Share of Major Players in the US Cervical Plates and Screws Market, 2011 Medtronic Sales by Product Categories, 2012 Medtronic’s Total Sales and Net Income, 2009-2012 Sales of Johnson & Johnson’s by Business Segments, 2011 Net Sales and Net Earnings of Johnson & Johnson, 2006-2011 Stryker’s Revenue Contribution by Business Segments, 2011 Net sales & Net Earnings of Stryker, 2008-2011 Share of Net Sales by Reportable Segments, 2011 Net sales & Net Earnings of Zimmer, 2007-2011 Global Revenue of Spine Market, 2011A-2015E
List of Tables Product Overview Average Selling Prices of Spinal Components, 2008-2011 Quarterly Growth of Major Players in the Worldwide Spine Market, Q110A- Q112E Quarterly Market Share of Major Players in Worldwide Spine Market, 2010A-2011E Market Share of Major Players in US Spine Market, 2010A-2011E Dependent & Independent Variables, 2007–2011 Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output
View Report Details Table of Contents Distribution Strategy Focus on R&D Efforts 8.2 Johnson & Johnson Business Description Key Financials Business Strategies Financial Risk Minimization Focused Growth Strategy 8.3 Stryker Business Description Key Financials Business Strategies Novel Product Innovation Strategic Acquisitions 8.4 Zimmer Business Description Key Financials Business Strategies Organizational Discipline Achieving Financial Commitments 9. Market Outlook 9.1 Market Forecast 9.2 Forecast Methodology 9.2.1 Dependent and Independent Variables 9.2.2 Correlation Analysis 9.2.3 Regression Analysis
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