Global Spinal Nonfusion Market to Reach Almost $2 Billion By 2013, According to Millennium Research Group

Global Spinal Nonfusion Market to Reach Almost $2 Billion By 2013, According
to Millennium Research Group

WALTHAM, Mass., Oct. 29 /PRNewswire/ -- According to Millennium Research Group
(MRG), the global authority on medical technology market intelligence, the
global spinal nonfusion technology market will increase from approximately
$400 million in 2008 to almost $2 billion by 2013. MRG's new Global Markets
for Spinal Nonfusion Technologies 2009 report finds this market will be fueled
by increased product approvals across the US, Europe, and Asia Pacific.
Further adding to market growth will be the increase in average selling prices
prompted by sales of these premium-priced nonfusion devices.

With the highest average selling prices of all three regions, the US
contributed the majority of revenues to the global spinal nonfusion technology
market in 2008, despite being a young market compared to Europe. The spinal
nonfusion technology market is more developed in Europe, with a larger number
of firms competing on price. Also, many of the devices lack full reimbursement
in Europe, which contributes to lower pricing because many patients are
unwilling to pay the full price of the nonfusion technology. Although the
number of spinal nonfusion procedures performed in Europe was 80% of the
volume observed in the US in 2008, price differences resulted in a total
European market value of less than half of that in the US market.

New products, such as the M6-L lumbar artificial disc from Spinal Kinetics and
the Barricaid annulus repair device from Intrinsic Therapeutics, will be
released across the three regions and will lead to an intensification of
marketing and training efforts on the part of manufacturers to promote the
efficacy of spinal nonfusion treatments.

"As more surgeons become familiar with long-term clinical data and receive
training on the techniques, an increasing number will adopt spinal nonfusion
treatments in their practice and concerns regarding long-term efficacy will
recede," says Deanna Vankessel, Analyst at MRG. "The release of new spinal
nonfusion products will result in an influx of favorable clinical data and
increased marketing of these new devices and technologies, fueling physician
awareness and adoption."

MRG's Global Markets for Spinal Nonfusion Technologies 2009 report evaluates
the performance of the spinal nonfusion technology market from 2007 to 2013 in
the US, Europe and Asia Pacific. Each chapter includes an examination of
artificial disc, dynamic stabilization, annulus repair, nuclear disc
prosthesis, and facet arthroplasty procedures, as well as average selling
prices and sales segmented by procedure. Chapters also contain a detailed
account of the drivers and limiters that will impact the market and analysis
of the leading competitors.

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
healthcare sector. The company provides specialized industry expertise through
syndicated reports, 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 healthcare 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 of 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