Growing prevalence of spine disorders in one of the significant factors influencing the market growth.
Minimally Invasive Spinal Implant Market Size – USD 3.87 billion in 2018, Industry Growth – CAGR of 5.8%, Trends – Growing geriatric population.
The global minimally invasive spinal implant market is expected to reach USD 6.49 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors.
According to the World Health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individuals suffering from the condition are more likely to die prematurely as compared to healthy individuals with low and middle-income economies having the worst survival rates. Spinal cord injury is linked with a peril of occurrence of secondary conditions, which can be incapacitating and sometimes cost a person’s life, such as urinary tract infections, deep vein thrombosis, muscle spasms, pressure ulcers, osteoporosis, chronic pain, and respiratory complications.
As per the Global Health and Aging report published by the WHO (World Health Organization), the number of people aged 65 years or older is estimated to increase from a projected 524 million in 2010 to approximately 1.5 billion by 2050, with a significant percentage of increase in developing economies. Additionally, the number of people aged 65 years or older is anticipated to considerably surpass children younger than five years of age by 2050. Aging leads to the deterioration of facet joints resulting in several spinal disorders. Thus, the increasing prevalence of diseases in the growing geriatric population is likely to propel the growth of the market in the forecast period.
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Further key findings from the report suggest:
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For the purpose of this report, Reports and Data have segmented the global minimally invasive spinal implant market on the basis of device type, disease type, end-users, and region:
Device Type Outlook (Revenue, USD Million; 2016-2027)
Disease Type Outlook (Revenue, USD Million; 2016-2027)
End-Users Outlook (Revenue, USD Million; 2016-2027)
Regional Outlook (Revenue, USD Million; 2016-2027)
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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Minimally Invasive Spinal Implant Segmentation & Impact Analysis
4.1. Minimally Invasive Spinal Implant Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Increasing occurrences of spine disorders
126.96.36.199. Growing adoption rate for minimally invasive spine surgery
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