Europe holds the next largest share of the spine surgery devices market, behind North America, based on a Transparency Market Research report, according to Medgadget.
Here are five takeaways:
1. Asia is expected to witness a rapid growth due to an increasing population, rising awareness of technologies and increasing per capita income of hospitals.
2. The slowdown of the economies in European countries will also drive the Asian market.
3. Aging populations and government initiatives in numerous countries are driving this market globally.
4. Startup costs and complex machines are obstacles to the growth of the spine surgery devices market.
5. Alphatec Spine, DePuy Spine, Medtronic, Stryker, Smith & Nephew, Orthovita and Zimmer Spine lead the market.