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US Market Report for Spinous Process Fixation 2017 - MedCore

US Market Report for Spinous Process Fixation 2017 - MedCore

  • May 2017
  • 450 pages
  • ID: 4895061
  • Format: PDF
  • By iData Research, Inc.

Summary

Table of Contents


Several spinal fixation systems exist for stabilizing the spine so that bony fusion can be achieved.

The majority of these fixation systems use rods that attach to screws that are threaded into the vertebral bodies or the pedicles. In some cases, plate fixation systems are also used to fuse two adjacent vertebral segments. Current plate fixation systems are designed to function in place of rods and screws, with the advantage of allowing fixation without the need to contour a long rod across multiple segments.

Description
General Report Contents
• Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
• Market Drivers & Limiters for each chapter segment
• Competitive Analysis for each chapter segment
• Section on recent mergers & acquisitions

This market maintained growth over the previous year, though as predicted, the ASP continues to be negatively affected by the global prevalence of medical cutbacks and growing competition in the market. However, due to the recent introduction of spinous process fixation devices, this market has been able to evade the effects the economy has had on the spinal implant market at a macro level. It is expected that the market will continue growing strongly over the forecast period.

Spinous process fixation devices are viewed as alternatives to pedicle screws. The minimally invasive nature of these devices will be a strong contributing factor to the growth of this market as these devices have resulted in positive clinical outcomes as compared to traditional pedicle screws. A major advantage to the use of spinous process fixation devices is that the implantation of the device does not preclude the use of pedicle screws or interbody devices at a later date.

Reimbursement for spinous process fixation devices was similar to that for pedicle screws. Starting in 2011, however, some insurance companies required more paperwork for approval. As of 2016, many insurance companies still labelled spinous process fixation as an investigational procedure. Their policies specifically state that there is a lack of evidence on the efficacy of interspinous fixation devices, both for use in combination with interbody fusion and for use as a stand-alone procedure.

Approximately half of the U.S. population will not be reimbursed if they elect to have the procedure. Many insurance companies have stopped reimbursement for spinous process fixation procedures, which in turn has caused manufacturers to invest in clinical studies with the goal of eventual insurance approval. Until then, market growth will be greatly impacted; the double-digit growth experienced recently will quickly dwindle to single-digit growth until the insurance decision is reversed.


Scope
2013-2023

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