In spite of increasing price pressure, the $9 billion global spine market is projected to see low-single-digit growth in the next few years. Driving growth are the pure-play spine companies targeting high-growth segments such as minimally invasive surgery, expandable interbody cases, cervical discs, and deformity.

Clearant Inc. eventually aims to apply its gamma pathogen inactivation technology to the blood transfusion market, but it is starting with sterilization of tissue implants and other biological products where the regulatory hurdles are lower and the timeline to commercialization is shorter.