Global XLIF Surgery Market Dominating Industry are NuVasive Inc., RTI Surgical Inc. and K2M,Inc.
11-6-2017 – Press release from: Data Bridge Market Research
The report delivers a detailed study with present and upcoming Opportunities to clarify the future investment in the “Global XLIF surgery market” are expected to reach USD 2,557.74 million by 2024 from USD 1,644.68 million in 2016 at a CAGR of 5.7%. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Segmentation:
By Product Type (XLIF interbody cages, XLIF interbody fusion systems) By End User (hospitals, spinal surgery centers, others)
Drivers:
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The major factors driving the growth of this market are the rising number of minimally invasive procedures, increasing number of spinal disorders and growing number of geriatric population. On the other hand, higher expenses of treatment procedures, increasing research on substitutive treatments and stringent reimbursement policies. These factors increase the demand for XLIF surgery in patient.
RISING NUMBER OF MINIMALLY INVASIVE PROCEDURES
XLIF is the latest and advanced minimally invasive method for the anterior spine which is avoiding the incision that navigates the abdomen also avoiding the cut or disrupts the muscles of the back. XLIF surgery market is growing due to increasing number of the minimally invasive surgery.
INCREASING NUMBER OF SPINAL DISORDERS
The XLIF surgery market is growing due to the growing number of the spinal disorders globally. Spinal cord damage is among the most traumatic events that occur in an individual’s life. Spinal cord injury affects friends, family, employers, community and the health care system.
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GROWING NUMBER OF GERIATRIC POPULATION
Another major factor contributing to the growth of the XLIF surgery market includes increasing number of the elderly population in the country. Furthermore, government support in the form of funding also drives the growth of this market.
Major Players:
• NUVASIVE INC.:
Incorporated in 1997 and headquartered at San Diego, California, United States. The company is medical device company in the global spine surgery market. It develops minimally-disruptive surgical products and procedurally-integrated solutions for spine surgery. Its wide range of products is focused on various applications of spine fusion surgery and spinal fusion process.
• RTI Surgical Inc.:
Founded in 1997 and headquartered at Alachua, Florida, U.S., RTI Surgicals, Inc., is engaged in the development and marketing of biologic, metal, and synthetic implants. The company operates through four business segments, namely, spine, sports medicine and orthopedics, surgical specialties and cardiothoracic.
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• K2M, INC.:
Founded in 2004 and headquartered at Virginia, United States. K2M is engaged in the development, design and commercialization of the spine and minimally invasive spine technologies and techniques for the treatment of the spinal pathologies. K2M operates in four product categories such as complex spine, minimally invasive, degenerative, and biologics.
Recent Development:
1. In July 2017, K2M Group Holdings, Inc. signed the agreement with Mitsubishi Corporation subsidiary Japan Medicalnext Co., Ltd. for the distribution of K2M’s innovative spinal technologies in Japan.
2. In October 2016, K2M Group Holdings, Inc. received 510(k) clearance from FDA for the expansion of the CASCADIA Lateral Interbody System, which consists of the Lamellar 3D Titanium Technology. The CASCADIA Lateral Interbody System expanded the portfolio of the company for the minimally invasive surgery products
Related Report
U.S. XLIF Surgery Market – Industry Trends and Forecast to 2024
U.S. XLIF Surgery Market by Product Type, By End-Users, By Distribution Channel, By Country (U.S.) – Industry Trends and Forecast to 2024
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