COVID Casting Shadows of Doubt on a Rebound: Q320 Spine Market Recap

Rising COVID cases in the US casting shadows of doubt on ongoing rebound for the Spine market. 

Quarterly results hint at a sustained rebound for the Spine market even as the US faces a surge of COVID cases. WW Spine Hardware revenues were up as surgeons worked through a backlog of patients postponed due to COVID-19. The US Spinal Fusion Market saw a +3.6% uptick in Q320, with the US Disc Replacement market, VCF and Dynamic Devices all showing growth, according to SmartTRAK Financial Dashboard.

In an October Needham Spine & Robotics Expert Call, Spine surgeon Dr. Peter Whang noted that he and his peers were operating at full capacity at the time with a large backlog of patients to work through. In order to catch up on cases, accommodations are being made with extended clinic hours and elective cases scheduled on weekends. Dr. Whang affirms that COVID has accelerated the shift of spine procedures to an ASC setting and notes that ASC cases recovered faster and will be more resistant to any restrictions due to future COVID spikes.

Among the many topics covered in the comprehensive Q320 Spine Market Recap* are:

• Complete Q320 Spine Market Highlights
• All Spine Companies' Revenues and Market Shares
• Top Players Results Broken Out
• Other Notable Companies' Revenues and Shares
• Q320 Regulatory Highlights

However, shadows of doubt are being cast on continued short-term recovery for the Spine market as many hospitals are again putting a hold on elective procedures to ensure there are enough beds, proper staffing and enough protective gear to care for COVID-19 patients. Wells Fargo expects ...