Mississauga, ON -- (SBWIRE) -- 03/21/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Aurora Spine Corp Quickly Expanding its Global Presence in Spinal Surgery Industry.”
Companies mentioned in this article include Medtronic (NYSE:MDT), Stryker (NYSE:SYK) and Aurora Spine Corporation (TSX-Venture:ASG).
Back pain accounts for more than 13 million doctor visits and about 4 million emergency room visits every year in the United States. On a worldwide level, research firm MarketsandMarkets forecasts that the global spine surgery devices market is growing at a 5.1 percent compound annual growth rate and will hit $14.8 billion in 2017. When it comes to eliminating back pain, spinal fusion is a well-established procedure that remains the gold standard fix, although it does face challenges with some controversy about necessity, cost, method and motion restrictions that can sometimes accompany the procedure.
Many of these obstacles are being overcome by minimally invasive surgery (MIS) and cutting-edge technologies that are propelling the MIS segment as the fastest growing component of the spinal surgery market. Industry behemoths, like Medtronic (NYSE:MDT) and Stryker (NYSE:SYK), are clearly the market leaders, but facing some pressure from smaller players, including Aurora Spine Corporation (TSX-Venture:ASG). The company, which has an official headquarters in Toronto, with offices in California and the United Kingdom, develops and markets innovative spinal surgery systems and devices, including the ZIP™ MIS Interspinous Fusion System, AmnioPur™ liquid allograft products and TiNano™ titanium plasma spray coated spinal fusion implants.
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