According to MarketWatch, over the next five years the MIS Sacroiliac Joint Fusion market will register a 15.5% CAGR in terms of revenue, the global market size will reach US$ 360 million by 2024, from US$ 150 million in 2019.
According to iData Research the U.S. minimally invasive spinal implants market is expected to increase to over $2 billion by 2023.The sacroiliac joint fusion market is currently 5 percent of the overall spine market and it’s projected to reach 20 percent by 2021.By 2024, the SIJF market in the US is expected to exceed USD200mn, driven primarily by an increase in procedure volumes and adoption by new surgeons.
Sacroiliac (SI) joint dysfunction is responsible for 25% of lower back pain cases across the world. Sacroiliac joint fusion is a surgical procedure which fuses the iliac bone (pelvis) to the spine (sacrum) for stabilization. It is performed for a variety of conditions including trauma, infection, cancer, and spinal instability. Sacroiliac joint fusion may be performed as a minimally invasive surgical (MIS) procedure or as an open surgical procedure requiring a larger incision and subsequent increased recovery time. Percutaneous SIJ fusion is a MIS approach in which instrumentation involving cages or screws, with or without bone graft, are placed percutaneously in order to achieve a fusion. Fusion of the SIJ, combined with bone grafts and other metal implant devices, is an extensive procedure; generally considered a salvage procedure when all other measures have failed to provide pain relief.
Additionally, clinical evidence demonstrates that SIJF is an effective procedure.The popularity of sacroiliac joint fusion has grown rapidly over the past five years, with SI-Bone’s Ifuse device leading the market. Recently approved by the US Food and Drug Administration, the company has released a new version of their traditional triangular titanium implants. The second-generation products (Ifuse-3D implants) are made using additive manufacturing, and incorporate a fenestrated design and porous surface.However, following the rapid expansion in recent years, market growth is expected to stabilize over the coming years.
This market has experienced rapid growth as a result of :
- Reimbursement policy changes
- New product entrants.
- Increasing an awareness of SI joint dysfunction and improvements in diagnostic processes.
Which are the 23 Key products? Please find the updated list with the 23 most relevant implants: http://www.thespinemarketgroup.com/category/si-joint-fusion/