An aging population, rising health concerns and increasing government initiatives will drive the spine surgery devices market, based on a new Transparency Market Research report, according to Medgadget.
Here are five points:
1. Europe follows North America in the market shares.
2. Asia will experience increased growth in the market because of an increasing population, growing awareness of new technology and increasing per captia income of hospitals.
3. Medical literacy and tourism will also contribute to Asia's market growth. The economic slowdown and pricing pressures in Europe and the Untied States will also drive growth in Asia.
4. Expensive initial costs and complex machines pose as obstacles to the market's growth.
5. Alphatec Spine, DePuy Synthes, Medtronic, Stryker, Smith & Nephew, Orthovita and Zimmer Spine lead the market.