Report ID: SQMIG35A2336
Report ID:
SQMIG35A2336 |
Region:
Global |
Published Date: October, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Based on region, North America region dominated the spinal fusion devices market size and held the largest revenue share in 2023. The growing incidence of sports injuries is adding fuel to the rising demand for spinal fusion procedures & devices. Since sports are still hot, constant and widespread, the rate of these kinds of injuries is not decreased. Further, the growing infrastructure and regional access to healthcare services are also positively impacting the spinal fusion healing market. Increasing sports participation rate along with better healthcare infrastructure will continue to drive growth for the regional industry.
Asia Pacific spinal fusion devices market will witness the fastest demand growth during the forecast period, attributed to positive driving factors including increase in geriatric population, increase in disposable income and growth in healthcare expenditures leading to better healthcare facilities. The availability of improved surgical procedures and advanced technologies leads to improved treatment outcomes, which in turn, inspires confidence in patients and hence is a key indicator for significantly driving market growth in the region. China appears to be a deep market for spinal fusion devices, capitalizing on Chinese competition in 2023. Furthermore, the increasing elderly population in China resulting in the rising prevalence of degenerative disc diseases, scoliosis, and other spinal disorders are some key factors expected to boost the growth of the target market over the forecast period.
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Report ID: SQMIG35A2336