Intrinsic Therapeutics' Barricaid and Magellan Spine Technologies' DART to Drive...
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Intrinsic Therapeutics' Barricaid and Magellan Spine Technologies' DART to
Drive European Annulus Repair Market
Two new products to allow for additional spine treatments performed during
discectomy procedures, according to Millennium Research Group
WALTHAM, Mass., June 29 /PRNewswire/ -- According to Millennium Research Group
(MRG), the global authority on medical technology market intelligence, new
annulus repair devices that have entered the European spinal implant market
will be key factors contributing to market growth through 2013. MRG's
European Markets for Spinal Implants 2009 report finds that the annulus repair
segment will form a niche market within the European spinal implant market
that will exceed $670 million by 2013.
In April 2009, the first annulus repair device became available in Europe when
Intrinsic Therapeutics' Barricaid device received CE marking. Later that
month, Magellan Spine Technologies' Disc Annular Repair Technology (DART)
System was also granted approval. As these and other companies increasingly
promote their products and train surgeons to use them, adoption of annulus
repair devices will grow rapidly through 2013.
"Through 2013 and beyond, companies will continue their efforts to demonstrate
the benefits of combining annulus repair devices with discectomies, namely
fewer costly revisions," says Kevin Flewwelling, Manager of MRG's Orthopedics
division. "This will not only boost surgeon confidence in the procedures,
which at the moment is low because the devices are so new, but it will also
encourage governments and regulatory bodies across Europe to grant
reimbursement for annulus repair devices because it will reduce the number of
expensive discectomy revisions."
The accumulation of clinical evidence and socioeconomic data that displays how
governments can save money by reducing discectomy revisions will be supported
by the entrance of new competitors, such as Anulex Technologies, the 2008
leader of the US annulus repair market. The growth of leading competitors,
such as Intrinsic Therapeutics and Anulex Technologies, will result in
additional resources available to promote annulus repair technology to
European surgeons and governments. This will drive uptake of annulus repair
devices and expand procedure volumes.
MRG's European Markets for Spinal Implants 2009 report provides various
segments of the spinal fusion implant market as well as the market for spinal
nonfusion treatments, such as interspinous process decompression devices,
pedicle screw-based dynamic stabilization systems, artificial discs, nuclear
disc prostheses, annulus repair devices, and facet arthroplasty devices. This
report allows clients to assess the effects of the economic downturn, plan for
the future, tap into deep segmentation, and leverage up-to-date market shares
and in-depth qualitative insights for France, Germany, Italy, Spain and the
UK.
About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources, Inc. company
(www.DecisionResourcesInc.com), is the global authority on medical technology
market intelligence and the leading provider of strategic information to the
health care sector. The company provides specialized industry expertise
through multiclient market research, ongoing Marketrack(TM) projects, customer
loyalty tracking, facility-level procedure forecasting, and customized
solutions.
About Decision Resources, Inc.
Decision Resources, Inc. is a cohesive portfolio of companies that offers
best-in-class, high-value information, and insights on important sectors of
the health care industry. Clients rely on this analysis and data to make
informed decisions. Please visit Decision Resources, Inc. at
www.DecisionResourcesInc.com.
All company, brand, or product names contained in this document may be
trademarks or registered trademarks of their respective holders.
For more information, contact:
Amy Krohn
Millennium Research Group
416-364-7776 x101
akrohn@mrg.net
Elizabeth Marshall
Decision Resources Inc.
781-296-2563
emarshall@dresources.com
SOURCE Millennium Research Group
Amy Krohn, Millennium Research Group, +1-416-364-7776 ext. 101,
akrohn@mrg.net, or Elizabeth Marshall of Decision Resources Inc.,
+1-781-296-2563, emarshall@dresources.com
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