The growth in spine therapy market have been on the rise due to increasing rate of spinal cord injuries along with easy and effective technologies coming in the picture
Market Size – USD 12.39 Billion in 2019, Market Growth – CAGR of 5.9%, Market Trends – Increasing adoption of effective technologies.
The Global Spine Therapy Market is forecast to reach USD 19.60 Billion by 2027, according to a new report by Reports and Data. Low back pain is becoming increasingly common throughout the globe. It is affecting people of all ages from children to elderly, low back pain can be acute or chronic. The growing demand for spine surgeries and the latest generation spine implants, the advent of bioabsorbable spine implants, and the availability of a wide range of recently approved spine implants are some of the growing trends, which can supposedly contribute to the market’s growth. With the 3D printed, and custom fit spine implants taking the market, growth opportunities for vendors is likely to skyrocket as this increases demand for innovations among consumers. The biodegradable spine implants which are currently available commercially can disrupt the global spine therapy market effectively.
The invasive surgeries segment, on the other hand, is projected to witness faster growth and is likely to increase its share at a CAGR of 6% during the forecast period. Further, high penetration of invasive surgical techniques in emerging countries such as India, Brazil, China, Mexico, and South Africa is boosting the MI spine surgeries segment.
Key companies in the market and profiled in the report are: Medtronic plc., DePuy Synthes, Inc., Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc, Globus Medical, Inc., Alphatec Spine, Inc., Orthofix International N.V. and LDR Holding Corporation
The COVID-19 impact:
The outbreak raised concern on the value of hygiene and healthcare. The market has experienced a downturn over the weeks, which may continue over the next few months. This pandemic has affected the Asia Pacific region the most, with China at the center of the outbreak. Most initiatives have come to a temporary halt in multiple countries. The production, as well as supply, has been put on hold, causing losses to the manufacturers, dealers as well as consumers. The market might be facing a downside for the period. Still, with a rising health concern, the demand would be hitting the roof as soon as there is a development in the condition.
Ask for Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/3506
Further key findings from the report suggest
Connect with an expert for customization of Report @ https://www.reportsanddata.com/request-customization-form/3506
For the purpose of this report, Reports and Data have segmented into the spine therapy market on the basis of product, application, procedure, technology, end user and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
Procedure Outlook (Revenue, USD Billion; 2017-2027)
Technology Outlook (Revenue, USD Billion; 2017-2027)
End User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
To know more about the report @ https://www.reportsanddata.com/report-detail/spine-therapy-market
Key Takeaways from the Global Spine Therapy Market report:
Thank you for reading our report. For further information or query regarding the report or its customization, please connect with us. Our team will ensure you get a report well-suited to your needs.
Browse More Reports:
Head of Business Development
Direct Line: +1-212-710-1370
Reports and Data | Web:www.reportsanddata.com