80% of the human population has back problems. 5% are complicated cases requiring surgery. The most common reason for an appointment with the doctor is just pain, which now accounts for more than 10 million cases per year or 35% of all hospital treatments. Treating back problems is one of the most expensive treatments and causes $ 50 billion a year in treatment costs.
FIST AG is responsible for the design, manufacturing and sale of titanium implants for spine and reconstructive surgery. Our unique selling proposition is the best compatibility between bone tissue and implants. The main innovation here is the material TiOstEl ™ (elastic bone made of titanium). It is the base material for elastic components of titanium composite implants. The material consists of medical Grade 1 Titanium, which has 100% biocompatibility and has a cross-sectional porosity of 50-70% and thus has the capacity for 100% biointegration.
The most important product is the interbody cage for spine fusion. Due to its elasticity, micro mobility and endurance, it withstands axial loads of up to 500 kg. The innovation consists in the composition of elastic and rigid components and also offers a greater grip. Young’s Modulus is similar to that of bone tissue in the cage and reduces the risk of postoperative complications. The intertwining of the titanium and bone tissues maintains the elastic modulus of the bone. This fact makes it possible to avoid biomechanical bone tissue / implant conflicts. Thus, Interbody Cage is superior to comparable competing products in terms of biocompatibility, modulus of elasticity, implant retention, and additional need for surgery in all respects.
Global market forecasts predict that the market for spinal implants will reach $ 19.54 billion by 2024 (Grand View Research, Inc.). The global market for fusion implants in 2015 was $ 5.867 billion (Allied Market Research), of which 38% was spinal fusion devices. With an annual growth rate of 3.4% per year, sales are expected to reach $ 7.435 billion. The market leader is currently North America.
40% of the EU market is divided between France and Germany. With an annual growth rate of 4.6%, the ASEAN region is the fastest growing market. The most important market drivers for the lifestyle sector are car accidents, sports injuries, physical inactivity and obesity.