Global thoracolumbar spine devices market to grow at 6.5% CAGR through 2023 — 5 observations

Spinal Tech

The global thoracolumbar spine devices market is anticipated to grow at a 6.5 percent compound annual growth rate through 2023, according to a Market Research Future report.

Here are five observations.

1. The increasing prevalence of spinal disorders is spurring the global market as well the growing popularity of minimally invasive spine surgery.

2. The Americas will continue to lead the global market, due to market players outsourcing their manufacturing processes to developing economics.

3. The European market will see growth due to the growing number of spine disease cases and increasing elderly population as well as technology advancements and better reimbursements.

4. The Asia-Pacific area will witness the fastest growing market due to expanding healthcare infrastructure and a big patient pool.

5. In the Middle East and Africa, the market will see opportunity to serve as a production center for medical devices.

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