The disposable spinal instrument market is expected to grow between 2018 and 2028 due to an increasing number of surgeons opting for disposable instruments due to their advantages over reusable kits, according to a Future Market Insights report.
Four trends:
1. Spinal fusion surgery volume is expected to increase over the forecasted period, and the hospital segment accounts for the highest revenue share.
2. Ambulatory surgical centers are the fastest growing segment in the disposable spinal instrument market, due to an increase in outpatient spinal disorder surgical volume.
3. Asia-Pacific is the fastest growing region, owing to an increase in medical tourism and improving healthcare infrastructure. Latin America and the Middle East and Africa are expected to see significant growth during the forecast period due to greater economic stability and developing healthcare infrastructure in nations such as Brazil.
4. Key players in the disposable spinal instrument market include Safe Orthopaedics, Kapp Surgical Instrument, ECA Medical Instruments and Xenco Medical.