Global Adult Spinal Deformity market to touch US$ 6.5 Bn by 2025 at a CAGR of 7.8%
Noida, Uttar Pradesh, India, March 23 2021 (Wiredrelease) Report Ocean Pvt Ltd –:Spinal technology is advancing rapidly around minimally invasive technology to perform more precise and less disruptive spinal procedures. Emerging as well as the leading spinal implant manufacturers are aiming to advance the field through innovative implant materials, techniques and technology that will make spinal procedures more precise and patient specific. Deformity spinal procedure demands for innovative and advanced treatment procedures involving the biomechanics and machining.
Advancement in technology integrates lower profile instrumentation to lessen patient’s discomfort, embeds that can be put through marginally invasive methodologies. This innovation depend upon to reflect positive development in the market. Furthermore, accessibility of an broad range of choices to utilize titanium embeds as they are light, stable, and, not at all similar to stainless steel inserts, can be used with MRIs. Following these promising developments, the Global Adult Spinal Deformity Market is estimated to see healthy growth, pegged at a CAGR of around 7.8% throughout the forecast period 2020-2025.
Significant rise in the incidences of spine disorders
The incidences of spine disorders and injuries have been increasing owing to the rising number of road accidents, sports injuries, congenital disorders, and degenerative disc diseases, and spinal stenosis. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the annual incidence of spinal cord injury is approximately 54 cases per one million people, or nearly 17,730 new SCI cases each year. As of 2019, the estimated number of people with SCI living in the US is approximately 291,000 persons, with a range from 249,000 to 363,000 persons. The average age at injury has increased from 29 years during the 1970s to 43 years in 2019. Nearly 78% of new incidences are male. Spine disorders that are treated with the use of spinal implants comprise scoliosis, degenerative disc disease, kyphosis, fracture, and spondylolisthesis.
Increasing demand for minimally invasive spine treatment procedures
Minimally invasive techniques are evolving rapidly to perform more precise, less disruptive spine-related procedures. The benefits of minimally invasive surgery include minimal incisions, reduced blood loss and increased precision. There are several hospitals focusing on these kinds of surgery to deliver better patient care. For instance, the neurosurgeons in the Spine Hospital at the Neurological Institute of New York, perform minimally invasive surgery on pediatric and adult patients. In general, the purpose of minimally invasive spine surgery is to stabilize the spinal joints and vertebral bones and relieve the pressure being applied to the spinal nerves caused due to conditions, including degenerative disk disease, herniated discs, spinal instability, scoliosis, spinal tumors, lumbar spinal stenosis, and vertebral compression fractures.
Segmentation Overview of the Global adult spinal deformity Market
The adult spinal deformity market is segmented based on type and end user. These major market segments are further categorized into various sub-segments to study the market in detail.
By Type Outlook (Scoliosis, Kyphosis, Lordosis)
By End User Outlook (Hospitals & Clinics, Ambulatory Surgical Centers)
Key Players Insights
NuVasive, Inc., B. Braun Melsungen AG, Stryker, Boston Scientific Corporation, Zimmer Biomet, Orthofix Medical Inc., Globus Medical, Abbott Laboratories, RTI Surgical, and SeaSpine, among others, are some significant players included in the research study of the global adult spinal deformity market.
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