North America leads global spine surgery devices market — 5 observations

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.

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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.

 

More articles on devices:
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Minimus Spine enrolls 30th patient in Triojection System study: 6 key points

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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