Observations on the US Minimally Invasive Spinal Implant Market
In another post here, we’ve explored the reality that older patients aren’t being treated with minimally invasive surgeries at the same rate that patients from other demographics are. In this post, we’ll be tackling a related matter – Baby Boomers and how they relate to the spinal implant market.
Baby Boomers are a burgeoning group. In the third or final quarter of their lives, they’re driving the spinal implant market with the demand that’s almost overwhelming. Today’s Boomers are tomorrow’s seniors. And by 2029, it’s projected that this demographic will be no less than 20% of the population.
Even with mortality factored in, the numbers of Baby Boomers will eclipse the numbers of those under the age of 18 by 2056, according to US government census statistics.
This is the driving force behind the following observations on the US minimally invasive spinal implant market. We’re experiencing a profound demographic shift in which aging populations will require access to more sophisticated, less invasive and more cost-effective surgical solutions.
Growth and limitations
Because of demographic realities, minimally invasive spinal implants have now considered a sector on their own. Once included in the orthopedics column, this specialization is now regarded as a market unto itself. Aggressive growth in the sector is expected until at least 2023.
But there are roadblocks. The most difficult to get past is the complexity and difficulty of the surgical techniques involved (compared to traditional methodologies) and the willingness of more experienced medical personnel to master them.
That’s not surprising. Keeping abreast of technology while running a medical practice is more than a full-time job. After a life of professional practice, perfecting the techniques involved to the point they’re fit for the operating theater is demanding and intensive.
About more than age
With this sector set to grow to a value of $8.6 billion in 2021, it’s not a bad time to ask ourselves why there’s such a high demand for minimally invasive spinal implants.
While the population in question is aging, the population is also battling obesity and a socially-sanctioned sedentary lifestyle. This has created the massive bulge in demand and an increase in conditions of the spine in the population at large requiring treatment.
It’s important to note that if we’re part of the generation just behind the Baby Boomers, it may be a good time to think about the future and how our bodies are going to age.
While there will always be advances in sectors like minimally invasive spinal implants and while people will always need them, it’s hoped that the growing trend toward stewardship of the body will continue and grow.
Spine Consult NJ
At Spine Consult NJ, we’re a team of spine health professionals committed to restoring our patients to normal function and a better quality of life.
We practice the full spectrum of spine care, with conservative options, minimally invasive solutions and (when required as a last resort) advanced spine surgery. We bring you patient-centered care, delivered by a team of medical professionals tailoring treatment to your unique needs. Contact us.