February 9, 2010 (MMD Newswire) — The Infoshop by Global Information would like to present a new market research report, “US Markets for Minimally Invasive Spine Technologies 2010” by Millennium Research Group.
Although the US minimally invasive spinal fusion market will expand at a compound annual growth rate of over 12% through 2014, reimbursement concerns in certain segments will limit growth in the overall market, which previously had been forecast at almost 20%.
“Growth of the lateral fusion market will definitely be hampered by the lack of coverage from these three private insurers, which cover over 100 million people in the US,” says Deanna Vankessel, Analyst at MRG. “Instead of performing an XLIF, some surgeons will employ other minimally invasive approaches, such as percutaneous transforaminal or posterior techniques; however, the presence of nationwide CMS coverage for the XLIF and the continued release of favorable clinical data demonstrating its efficacy will curb the negative impact of these insurance providers’ decisions.”
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