The Asia Pacific spine surgery device market is anticipated to hit $2.223 billion by 2019, based on a Market Report World report, according to medGadget.
Here are five observations:
1. The market will grow at a compound annual growth rate of 10.5 percent between 2015 and 2019.
2. This market growth is due to a boost in spinal deformities and adoption of non-fusion devices.
3. An increasing geriatric population and rising medical technology advancements will also spur market growth.
4. The market is rife with new product launches, agreements and mergers and acquisitions.
5. Stryker, DePuy Synthes, Zimmer Biomet, Smith & Nephew and Tornier dominate the market.