The New Movement in Spine: Sparing the Rod and Growing the Market
This article was originally published in Start Up
The vitality and dynamism in spine surpasses any other medical device segment. Although it's still early in the field, there's a clear first mover advantage, given the long development cycle of spine devices. The time to place bets is now.
You may also be interested in...
Paradigm Spine is building a pipeline of dynamic stabilization devices based on two core technology platforms: coflex interspinous spacers for stenosis and Orthobiom implants for adolescent idiopathic scoliosis. The three-year-old company is rolling out products at a rapid pace: it will have five devices on ex-US markets by the middle of this year.
Dynamic stabilization may sound like an oxymoron, but the concept is driving compound annual growth of more than 50% over the next decade in a new segment of the spine industry. The US market for spinal motion preserving and nonfusion products was worth approximately $186 million in 2004, and is projected to reach more than $1.5 billion in the year 2009, according to "US Markets for Spinal Motion Preserving Devices," a report just published by Windhover/Medtech Insight.
In recent years, few technology areas in orthopedics have stimulated more debate than spine, and at the head of the controversy, as evidenced by this year's annual meeeting of the American Academy of Orthopedic Surgeons, is disc replacement.