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SmartTRAK Life Sciences News and Analysis Blog

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Dramatic Decline In Spine: Q220 Spine Market Recap

10/2/20 9:30 AM

Q220 Spne HeaderThe effects of COVID-19 were felt throughout the WW Spine Market with dramatic Q220 declines in both the US and international markets. 

COVID-19 stifled the Spine Hardware Market in Q220, driving WW revenues down -26.4% in the quarter, with the US at -30.5%. The US Spinal Fusion Market took the hardest hit, with that market seeing a -31.4% decline in Q220 vs US Disc Replacement and VCF Markets at -26.6% and -24.6%, respectively, according to SmartTRAK Financial Dashboard. Needham estimates that Medtronic* gained the most spine share in Q220, with DePuy Synthes* losing the most. 

Among the many topics covered in the comprehensive Q220 Spine Market Recap* are:

  • Complete Spine Market Overview
  • Spine Companies' Revenues and Shares
  • Top Players See Rebounds at Quarter’s End
  • BTIG and Globus Surveys Suggesting Q3 Procedure Volumes
  • Q220 Regulatory News and Highlights

It is important to note that this past quarter included an extra month of recovery after COVID shutdown due to Medtronic's fiscal calendar. Looking forward, a BTIG survey of US spine surgeons indicates that Globus* and NuVasive* are among companies expected to take share over the next year, while Medtronic, DePuy Synthes and Stryker* are expected to ...

Read the entire Q220 Spine Market Recap including news, data, charts, company revenues and analysis*

*The entire article and the links can only be viewed by SmartTRAK subscribers to this module. For more information on how to receive a demo and subscribe, please click the button below.

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Julianne Burns
Written by Julianne Burns

Senior Analyst, Spine

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