The global spinal stenosis implant market is set to grow through 2025, according to a Persistence Market Research report.
Here are eight observations:
1. A growing elderly population as well as an increasing number of obesity cases will spur market growth through 2025.
2. The demand for minimally invasive surgeries will also boost the spinal stenosis implant market.
3. The spacing devices segment is set to grow at the fastest rate and bring in the most revenue because of the growing demand for MIS treatments.
4. Titanium spinal stenosis implants will see significant growth, as the lightweight implants provide better elasticity.
5. The ambulatory setting will see the greatest number of spinal stenosis surgeries.
6. Due to favorable reimbursements and solid healthcare infrastructure, North America will continue to lead the market, with Europe following.
7. The Asia-Pacific region is set for significant market growth, due to its population size and increasing number of spinal injuries.
8. Stryker, Paradigm Spine, Vertiflex, Orthofix, Medtronic Public Limited Company, Kyphon, Abbott and Zimmer Biomet dominate the market.