Increasing geriatric population and rising incidences of spinal disorders is driving the production sales of spinal motion-preserving device across the globe. Apart from this, there is increasing demand for surgical procedures due to growing awareness with regards to benefits of surgery devices and spinal motion preservation. However, rigid regulatory approval procedure as well as unfavorable reimbursement scenarios are likely to retrain the growth of market for spinal motion-preserving device. Moreover, the cases with regards to preservation of spinal-motion cervical disc arthroplasty has been rapidly increasing, which in turn is fuelling the need for spinal motion-preserving device.
Companies namely Orthofix International N.V., NuVasive Inc., Medtronic, RTI Surgical, Inc., Globus medical Inc., Stryker Corporation and K2M Group Holding amongst others will witness a notable growth globally. Prominent companies are planning to focus on marketing strategies such as product innovations and increasing their product portfolio.
Orthofix International N.V. Acquires Spinal Kinetics Inc.
Orthofix International N.V. recently announced that it has acquired Spinal Kinetics Inc. with regards to usage of M6-C cervical disc, which received an approval from U.S. FDA. Spinal Kinetics M6™ consists of artificial discs that will help in strengthening the product portfolio of Orthofix International N.V. This technology is considered as a significant advancement that helps in preserving the natural motion of spines. This in turn will be highly beneficial for patients as well as for surgeons. Key players and manufacturers must note that this acquisition helps both the companies in developing value-added strategies for accelerating their business growth. Both the companies are also planning to make heavy investments for increasing production sales of existing as well as emerging spinal motion-preserving device.
The innovative M6-C cervical disc is equal to being a replica of anatomic structure of the natural disc. It also includes incorporation of an artificial fiber annulus and visco-elastic nucleus. This technology allows for nearly 6 degrees of motion, almost similar to the natural disc. Key players and manufacturers must note that artificial disc replacement has been considered as superior surgical solution and most of all, lessens the need for similar surgeries in future.
Holistic Features of M6-C Cervical Disc
M6-C cervical disc helps in biomechanics of the normal disc, which is inclusive of axial rotation, translation, lateral bending, flexion-extension and axial compression. This in turn provides the patients with better and improved natural range with regards to motion. Apart from this, the M6-C cervical disc has received CE Mark for distribution in EU as well as several other international geographies. Spinal Kinetics Inc. has also taken immense initiative in order to receive permission from FDA for distribution and usage of M6-C cervical disc in U.S.
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