Market Drivers and Challenges

Drivers:

• Increasing Prevalence of Spinal Disorders: Degenerative disc disease, spinal stenosis, and spondylolisthesis are common conditions that often require spinal fusion surgery.
• Technological Advancements: Innovations in materials science and surgical techniques are leading to the development of more effective and minimally invasive spinal fusion devices.
• Rising Healthcare Expenditure: Increased healthcare spending enables greater access to advanced surgical procedures and devices.

Challenges:

• Stringent Regulatory Environment: The regulatory approval process for new spinal fusion devices can be time-consuming and costly.
• High Cost of Procedures: Spinal fusion surgery can be expensive, limiting access for some patients.
• Potential Complications: Like any surgical procedure, spinal fusion carries risks of complications such as infection, nerve damage, and non-union.

Source: The Insight Partners