Asia-Pacific spine surgery devices market to climb to $3B by 2022: 5 things to know

Spinal Tech

The Asia-Pacific spine surgery devices market is expected to hit $2.98 billion by 2022, a Zion Research report found, according to EconoTimes.

Here are five things to know:

 

1. The market is expected to increase at a compound annual growth rate of 7.3 percent between 2016 and 2022.

 

2. In 2015, the market was valued at $1.82 billion.

 

3. The growing geriatric population is fueling market growth in this region.

 

4. Last year, the fusion technology segment held a 40.9 percent market share. However, this segment is expected to slow down due to new technologies in the spine biologics segment.

 

5. China led the market in 2015, with Japan and India trailing behind. In the aforementioned time frame, China is projected to increase at a 7.7 percent CAGR.

 

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