The global spine surgery devices market is expected to grow due to an increasing aging population and a rising number of obesity cases, based on a QY Research Groups report, according to medGadget.
Here are five observations:
1. The advancements of minimally invasive spine surgery techniques will also spur market growth.
2. North America currently captures the largest market share, with Europe following second.
3. The Asia-Pacific region will experience significant market growth, due to an increasing population base, rising awareness of advanced technology and improving medical tourism.
4. Unfavorable reimbursements and a lack of spine treatment education may hinder market growth around the world.
5. Some major market players include:
• DePuy Synthes in West Chester, Pa.
• Medtronic in Dublin, Ireland
• NuVasive in San Diego
• Stryker in Kalamazoo, Mich.
• Zimmer Biomet in Warsaw, Ind.
• Aesculap Implant Systems in Center Valley, Pa.
• Alphatec Spine in Carlsbad, Calif.
• Amedica in Salt Lake City
• Exactech in Gainesville, Fla.
• Globus Medical in Audubon, Pa.
• Integra Lifesciences in Plainsboro, N.J.
• K2M in Leesburg, Va.
• Orthofix International in Lewisville, Texas
• Paradigm Spine in New York City
• RTI Surgical in Alachua, Fla.