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Spine market is the largest segment within the global orthopedic market. There are four categories of spine disorders: degenerative conditions, deformities, tumor and trauma-based disorders. Spinal implants include both fusion and non-fusion devices: devices associated with vertebral compression fracture (VCF), interbody devices, cervical, thoracolumbar, and spinal stimulation devices.
The US is the largest market for spinal surgeries and is expected to achieve significant growth on the account of aging population, growing number of younger patients, changing lifestyles and product innovations. However, the spine market in the US has experienced slowdown in 2012 and continues to be plagued with factors like pricing pressures on manufacturers and slumping insurance coverage.