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Current & Critical

Spine Spotlight: A Look Back, a Look Ahead

News from NASS reaffirmed industry trends that we cited in this year’s edition of THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT®.

The following trends are driving the market:

  • High growth anticipated from subsegments of minimally invasive surgery, cervical discs, expandable cages and deformity repair
  • Pure-play companies like Globus, K2M, LDR and NuVasive continue to chip away at share held by larger, diversified players
  • Additive manufacturing will remain attractive to players in the space

The spine market accounts for 18 percent of the orthopaedic market’s overall revenue, and in 2014, estimated sales of spine products (excluding biologics) exceeded $8.2 billion. ORTHWORLD estimates the market will grow 2.2 percent this year, to just over $8.4 billion. Ten companies have sales over $100 million and control nearly 77 percent of the spine market. The top ten, led by Medtronic and DePuy Synthes, are identified in Exhibit 1.

Exhibit 1 illustrates estimated company market shares in 2014.

Exhibit 1.
Spine Company Market Shares: Top Performers and All Others