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Global Spinal Market
The spinal implant market is expecting explosive growth
in the next decade. Studies show that an aging global
population will lead to an increasing demand for
orthopedic cases. There are a number of trends that will
affect the market, including more surgeons with greater
specialization, improved surgical tools, products and
simpler procedures due to minimal invasive surgery.
These factors will bring a significant number of
patients into surgery since operations will become
simpler, with less risk, and surgical outcomes more
favorable due to a combination of better surgeon
training, better designed products and easier
procedures.
Asian Spinal Market
Recent studies show that the Asian market for orthopedic
products is both unknown and untapped. Asia, which makes
up over 60% of the world population, proves to
be an explosive market. In the past, the market was
hampered due to a number of issues including; time spent
per patient, fear of surgical procedures and doctors
with insufficient and lack of proper training as well as
a shortage of doctors, especially in China. An expanding
patient base due to increasing disposable incomes,
better educated patients, better trained physicians has
all made Asia a fertile ground for orthopedic
procedures.
Positioning
The global market for spinal implants has been dominated
by procedures that can be categorized as
"conventional" and "new".
Conventional procedures include metal interbody fusion,
cervical fixation as well as thoracolumbar fixation
devices. New procedures include artificial discs, VCF
treatments, thermal therapies, spinal growth factors,
spinal bone grafts and machined bone. While major
orthopedic companies have focused on the conventional
market, studies show that the growth rate for those
categorized as new procedures will outpace that of
conventional products in the next five years.
Positioning A-Spine in this sort of market focuses on
crossing the threshold of conventional procedures and
introducing new procedures to the worldwide market at
large. Additionally, our strength lies in our network of
physicians and university research institutions across
worldwide. Increasing this research support network
allows us to educate physicians who have a firsthand
influence on patient health.
Performance
Since entering the orthopedic market as A-Spine Holding
Group Corp. two years ago, the rapid growth of the
orthopedic market worldwide has fed our expansion into
Asia, the United States and Japan. In Asia, we have seen
rapid expansion; our technology, both innovative and
cutting-edge, is beginning to be realized by other
competitors in the market. Currently ASH holds 60% of
the market in Taiwan, 30% in China, 10% in Korea and 25%
in the greater Asian market outside Japan. We expect
excellent performance in Great China and other Asian
markets in the coming year. In the United States, the
world's largest market for orthopedic products,
our innovative second-generation technology has caught
the eye of many well-established orthopedic companies.
In Japan, the world's second largest market, in
which we hold 5% market share, our products continue to
receive high acclaim and look forward to profitability
in the near future.
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