The adult spinal deformity global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Adult Spinal Deformity Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The adult spinal deformity market size has grown strongly in recent years. It will grow from $2.28 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to an increasing aging population, advancements in surgical techniques, a growing prevalence of degenerative disc disease, rising awareness of spinal health, technological innovations, and improved healthcare infrastructure.
The adult spinal deformity market size is expected to see strong growth in the next few years. It will grow to $3.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to an increasing incidence of spinal deformities, a surge in demand for specific devices, growing regional markets, rising awareness and early diagnosis, and a and a focus on complex deformities and degenerative conditions. Major trends in the forecast period include advancements in technology, minimally invasive procedures, 3D printing and customization, robotic-assisted surgery, digital technologies, and personalized treatments.
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Scope Of Adult Spinal Deformity Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Adult Spinal Deformity Market Overview
Market Drivers –
The rise in obesity rates is expected to propel the growth of the adult spinal deformity market going forward. Obesity rates refer to the prevalence or percentage of a population that is considered obese based on body mass index (BMI) measurements, which is generally defined as having a BMI of 30 or higher. Obesity rates are rising due to increased consumption of high-calorie, processed foods and sedentary lifestyles. Moreover, limited access to healthy foods and environmental factors also contribute to the trend. Adult spinal deformity solutions are increasingly utilized in obese patients to address the heightened mechanical stress on the spine and mitigate the risk and progression of spinal deformities associated with obesity. For instance, in May 2023, according to a report published by the Office for Health Improvement & Disparities, a UK-based government agency, in 2021–2022, 25.9% of adults aged 18 years and over in England were estimated to be living with obesity. This was an increase from 2020 to 2021 (25.2%). Therefore, a rise in obesity rates will drive the growth of the adult spinal deformity market.
Market Trends –
Major companies operating in the adult spinal deformity market are focusing on the development of patient-specific solutions, such as implant technologies, to categorize and assess congenital anomalies of the upper limb, particularly hand and wrist deformities. Spinal deformity devices incorporate advanced implant technologies scuh as titanium alloys and polymer composites to enhance structural support and facilitate corrective procedures. For instance, in January 2023, Orthofix Medical Inc., a U.S.-based medical device company, launched the mariner deformity pedicle screw system following its merger with SeaSpine. This system is tailored for complex adult deformity spine cases, featuring advanced reduction tools, specialized implants, and robust osteotomy instruments. It leverages Mariner’s modular technology to offer a comprehensive implant solution, reducing surgical trays and enhancing operational efficiency in hospitals through improved workflow and reduced costs.
The adult spinal deformity market covered in this report is segmented –
1) By Type: Scoliosis, Kyphosis, Lordosis
2) By Product Type: Cervical Fixation Devices, Interbody Fusion Devices, Thoracolumbar Devices, Other Product Types
3) By Procedure: Spinal Fusion Surgery, Osteotomy, Spinal Deformity Correction, Spinal Arthrodesis, Spinal Fixation, Minimally Invasive Spinal Surgeries, Other Procedures
4) By Application: Hospitals And Clinics, Ambulatory Surgical Centers, Other Applications
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Regional Insights –
North America was the largest region in the adult spinal deformity market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period The regions covered in the adult spinal deformity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the adult spinal deformity market are Abbott Laboratories, Medtronic plc, Johnson & Johnson MedTech, Stryker Corporation, Boston Scientific Corporation, B Braun Melsungen AG, Zimmer Biomet Holdings Inc, NuVasive Inc, Globus Medical Inc, Medacta International, Orthofix Medical Inc, Alphatec Holdings Inc, Exactech Inc, RTI Surgical Holdings Inc, SeaSpine Holdings Corporation, Centinel Spine LLC, Spine Wave Inc, Zavation Medical Products LLC., Spinal Elements Holdings Inc., Simplify Medical Inc, Aurora Spine Corporation, Premia Spine Ltd, Innovasis Inc, Osseus Fusion Systems, SpineGuard SA
Table of Contents
1. Executive Summary
2. Adult Spinal Deformity Market characterstics
3. Adult Spinal Deformity Market Trends And Strategies
4. Adult Spinal Deformity Market – Macro Economic Scenario
5. Global Adult Spinal Deformity Market Size And Growth
…..
32. Global Adult Spinal Deformity Market Competitive Benchmarking
33. Global Adult Spinal Deformity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Adult Spinal Deformity Market
35. Adult Spinal Deformity Market Future Outlook and Potential Analysis
36. Appendix
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