Insights Into The Adult Spinal Deformity Market’s Growth Potential 2024-2033
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What Growth Rate is Forecasted for the Adult Spinal Deformity Market over the 2024-2033 Period?
The adult spinal deformity market has grown steadily, with an expected increase from $2.28 billion in 2023 to $2.42 billion in 2024, at a CAGR of 6.1%. Growth drivers include an aging population, advances in surgical techniques, degenerative disc disease prevalence, spinal health awareness, and healthcare improvements.
The adult spinal deformity market is projected to grow significantly, reaching $3.09 billion by 2028 at a CAGR of 6.2%. This growth is driven by a rising incidence of spinal deformities, increased demand for specific devices, growing regional markets, heightened awareness and early diagnosis, and a focus on complex deformities and degenerative conditions. Key trends include advancements in technology, minimally invasive procedures, 3D printing and customization, robotic-assisted surgery, digital technologies, and personalized treatments.
Which Factors Are Stimulating Growth in the Adult Spinal Deformity Market?
The escalating rates of obesity are projected to enhance the growth of the adult spinal deformity market. Obesity, defined by a body mass index (BMI) of 30 or higher, is becoming more prevalent due to the increased consumption of high-calorie processed foods and sedentary lifestyles, along with limited access to healthy options and environmental influences. Solutions for adult spinal deformity are increasingly utilized in obese patients to address the additional mechanical stress on the spine and reduce the risk and progression of spinal deformities linked to obesity. According to a report from the Office for Health Improvement & Disparities in May 2023, 25.9% of adults aged 18 and over in England were estimated to be living with obesity in 2021-2022, an increase from 25.2% in 2020-2021. Therefore, the rise in obesity rates is anticipated to drive the growth of the adult spinal deformity market.
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What Are the Main Segments of the Adult Spinal Deformity Market?
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
What Innovative Trends Are Redefining the Adult Spinal Deformity Landscape?
Companies in the adult spinal deformity market are developing patient-specific solutions like advanced implant technologies to address congenital anomalies. For instance, in January 2023, Orthofix Medical Inc., a US-based medical device firm, launched the mariner deformity pedicle screw system for complex spine cases, featuring modular technology for enhanced operational efficiency.
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Which Regions Are Key Players in the Growth of the Adult Spinal Deformity Market?
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.
The Adult Spinal Deformity Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the adult spinal deformity market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Adult Spinal Deformity Market Include
1. Adult Spinal Deformity Market Executive Summary
2. Adult Spinal Deformity Market Segments
3. Adult Spinal Deformity Market Size And Template Market Growth Rate
4. Key Adult Spinal Deformity Market Trends
5. Major Adult Spinal Deformity Market Drivers
……
25. Key Mergers And Acquisitions In The Adult Spinal Deformity Market
26. Top Adult Spinal Deformity Companies
27. Adult Spinal Deformity Market Opportunities And Strategies
28. Adult Spinal Deformity Market, Conclusions And Recommendations
29. Appendix
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