According to iData Research, the global spine market is valued at over $14.4 billion USD and is projected to approach $18 billion by 2023. The largest among the regions is undoubtedly the U.S. market, valued at $7.7 billion in 2017.
The US TOP PLAYERS
The 10 top spine players in the US market are the following: Medtronic, Depuy Synthes, Nuvasive, Stryker, Globus Medical, Zimmer Biomet, Aesculap, Seaspine, Orthofix and Alphatec Spine. To see their market shares worldwide please visit:http://www.thespinemarketgroup.com/spine-market-estimates-for-2019/
US COMPANIES TO FOLLOW
But additionally there are almost 200 manufacturers from United States. Many of those Companies have very attractive product and training offerings. Today we have included 5 additional companies to take into account:
Genesys Orthopedic Systems, LLC, doing business as Genesys Spine, develops, manufactures, and sells medical implants and instruments. It offers cervical, thoracolumbar, sacral, spine, and other systems and products. The company sells its products through distributors worldwide.
Founded in December of 2009 and based in Austin, Texas Genesys Spine was started by veterans of the spinal device start-up industry. The founding partners have used their industry knowledge and input from existing surgeon relationships to introduce, into a mature spinal fusion market, an array of medical implants and instruments with novel characteristics.These devices, with their proprietary features, all remain within existing parameters for today’s current reimbursement codes.
With a three-year revenue growth rate of 334 percent, Genesys Spine was named to the Inc 5000 2014 list of the Fastest-Growing Private Companies in America. Companies chosen for the award must show three consecutive years of significant revenue growth.
Principal at Genesys Spine:Josh Kaufmann
NeuroStructures Inc., a medical device company, designs, manufactures, and markets spinal implant and instrumentation systems for spine surgeons in the United States and internationally.
The company was incorporated in 2013 and is based in Irvine, California. NeuroStructures is an employee-owned and operated medical device company focused on designing, developing, manufacturing and marketing proprietary, high-quality medical device systems.
It offers anterior cervical plating systems; MIS spinal facet screw systems; anterior cervical cage system, a system that optimizes end plate contact, resists subsidence, and restores proper disc height; PLIF cage system, a cage for multiple spinal applications, posterior thoracolumbar systems, and moldable bone graft substitute putty. www.neurostructures.com
CEO Neurostructures: John Stephani
Eden Spine, LLC, together with its subsidiary, Eden Spine Europe SA, engages in the research, development, manufacture, and distribution of fusion and non-fusion spinal technologies.
Its products include GIZA, a titanium expandable vertebral body replacement system; THE PERFX-1, a low profile pedicle screw system; THE NECTEK, an anterior cervical plate designed to fit the contour of the vertebrae; THE NEXIAL, a cervical cage; THE BACTEK PLIF and TLIF cages; and biologics.
The company markets its products through franchisees and distributors in the United States and internationally. Eden Spine, LLC was founded in 2006 and is based in Altamonte Springs, Florida with a subsidiary location in Geneva, Switzerland. www.edenspine.com
President, Eden Spine Europe SA: Mourad Ben Mokhtar.In March 2005, he founded FlexisMed SA (subsequently renamed Eden Spine Europe SA), in Geneva Switzerland to address the challenge of removing spinal pain without removing spinal motion. He brings to the organization over 15 years of Research & Development experience. As a biomechanical engineer, his contribution to the value of the organization is highlighted by the substantial patent portfolio that Eden Spine Europe filed since inception and by the development of Eden Spine lead generation technologies such as the PERFX-2™ Posterior Dynamic Stabilization System and the Wellex™ Dynamic Interspinous Technology and the GIZA™ Vertebral Body Replacement.He also contributes by bringing to the group his strong relationship in the Scientific Community and his in-depth knowledge and understanding of the clinical side of R&D. Mr. Mourad Ben Mokhtar was previously the Director of R&D of the Scient’x Group. He was the driving force behind all Scient’x motion preservation technologies, developing over 25-patented technologies. He studied biomechanical engineering & materials and graduated from the University of Reims in France.
Founded in 2015 and relocated back to its roots in Wilmington, NC in 2018 – TranS1 is a pioneer in spine technology innovation and is focused on Building Better Pathways™ to the spine. Since its inception, TranS1 has designed, developed, and commercialized transformational approaches to the spine used by thousands of surgeons to minimize the damage associated with traditional surgical approaches. TranS1 believes that the process of Building Better Pathways™ to the spine starts with solving true unmet clinical needs and ends with creating a value-based solution for surgeons, patients, and the healthcare system. trans1.com.http://www.trans1.com
Chief Executive Officer: John Miller.As President and Chief Executive Officer, Mr. Miller is responsible for the strategic vision and mission of TranS1. He is passionate about TranS1’s mission of Building Better Pathways to the spine that benefit both the patients and the surgeons. Mr. Miller has over 20 years of industry experience leading both private and public companies, as well as involvement in multiple early stage start ups. Mr. Miller also held several leadership positions with the original TranS1 during the early stages of commercialization. This has positioned him well for leading today’s TranS1 under new ownership.Mr. Miller earned a Bachelor’s of Science Degree from Indiana University at Bloomington, IN. Mr. Miller also sits on the Board of directors for the Farnsworth medical research group.
VGI MEDICAL (VGI)
VGI Medical (VGI), founded in 2007 based on an invention developed by Tov Vestgaarden, PhD, is an innovative medical device company focused on using its industry knowledge and creative thinking to develop and commercialize a broad range of advanced, high-performance and innovative spinal implants.
VGI developed its first product, the VerteLoc® Minimally Invasive Spine Stabilization System, to overcome the limitations of currently available implants The VerteLoc® system is specifically designed to stabilize and fuse the facet joint by utilizing a unique patent-pending dual geometric design to limit motion of the affected spinal segment.
Applying the principles of this success, VGI Medical added SiJoin® to its product line in 2013 for Sacroiliac fusion. Staying true to the mantra of innovation, VGI Medical released the truly unique VerteLP® in early 2016. VerteLP goes beyond merely adding a Lateral Interbody Fusion system as a product offering by improving upon both the technology and the process. http://vgimedical.com
President and CEO at VGI Medical: Tov Vestgaarden, PhD