The spinal stenosis market is expected to grow between 2016 and 2020 due to increasing degenerative spondylolisthesis and degenerative scoliosis cases, according to a Future Market Insights report.
Here are five observations:
1. An increasing number of obese people with spinal cord complications and a rising number of minimally invasive spine surgery cases will spur market growth.
2. Procedure costliness, unfavorable reimbursement and a strict product approval process will hinder spinal stenosis market growth.
3. North America and Europe dominate the market because of increasing geriatric populations with spinal disorders.
4. Asia Pacific will witness the highest growth rate because of increasing economic wealth.
5. Key market players include Medtronic, DePuy Synthes, Stryker, Orthofix International, NuVasive, Zimmer Biomet, Globus Medical, Alphatec Holdings, K2M Group Holdings and LDR Holding.