Tue September 27th, 2016
4 Countries Are Attractive Markets for Companies Engaged In the Development and Distribution of Spinal Implants and Spinal Devices
Download Free PDF Brochure @ http://bit.ly/2c19nzz This report studies the spinal implants and spinal devices market over the forecast period of 2015 to 2020. The market is expected to reach USD 15.73 Billion by 2020, growing at a CAGR of 5.6% from 2015 to 2020. Technological advancements in spine surgery devices, and increasing aging and obese population with increasing number of spine deformities, and rising demand for minimally invasive spine surgery procedures are the key factors fueling the growth of the spinal implants and spinal devices market. However, the stringent product approval process, uncertainty in reimbursement, and high cost of treatment procedures are some of the prime factors restraining the growth of this market. Emerging markets, including China, India, South Korea, and Brazil are attractive markets for companies engaged in the development and distribution of spinal implants and spinal devices. Rising government healthcare expenditure, growing income levels, presence of a large patient population, and rising obesity cases in these countries are some of the key factors propelling the demand for spinal implants and spinal devices in these emerging markets.