Spinal deformity is an abnormal alignment or curve of the bony vertebral column. This can occur as a result of aging, injury, previous spine surgery, birth defect, or child growth. In adults, the most common type of spinal deformity is degenerative scoliosis.
The major symptoms of adult spinal deformity include mid-to-lower back, and numbness or weakness in the legs or feet. Not all adults with degenerative scoliosis experience pain.
Global Adult Spinal Deformity Market: Dynamics
Key players in the market are focused on growth strategies such as product launch and approval, which is expected to drive the growth of market over forecast period. For instance, In September 2021, SeaSpine Holdings Corporation, a medical technology company focused on surgical solution for spinal disorder has launched mariner adult deformity system pedicle screw for acute and chronic deformities
Moreover, increasing prevalence of degenerative disc disease is expected to support the market growth over the forecast period. For instance, according to the National Center for Biotechnology Information report, around 266 million patients worldwide were diagnosed with lumbar degenerative spine disease (DSD) in 2018.
Global Adult Spinal Deformity Market: Restraints
High cost associated with degenerative disc disease treatments such as artificial disc replacement and spinal fusion is expected to hamper the adult spinal deformity market growth in the near future. For instance, the average cost of specific disc replacement surgery procedure ranges between US$ 16,000 to US$ 46,000 in different states of the U.S.
Global Adult Spinal Deformity Market: Regional Insights
North America is expected to hold the largest market share in the global adult spinal deformity market followed by Europe. The market growth in these regions is mainly attributed to increasing cause of lower back pain & neck pain in adults and increasing geriatric population in the U.S. For instance, according to the article published in the National Center of Biotechnology Information in May 2017, among adults 60% to 80% would experience back pain and 20% to 70% would experience neck pain that would interfere with their daily activities during their lifetime in the U.S.
Moreover, Asia Pacific is the fastest growing region in the global adult spinal deformity market owing to increasing product approvals. For instance, in July 2016, Orthofix International N.V., a leading manufacturer of orthopaedic and other medical products, received regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) for PHOENIX, a minimally invasive spinal (MIS) fixation system.
Global Adult Spinal Deformity Market: Competitive landscape
The key players operating in the global adult spinal deformity market include NuVasive, Inc., Stryker, B. Braun Melsungen AG, Zimmer Biomet, Globus Medical, Orthofix Medical Inc., Abbott, RTI Surgical, Boston Scientific Corporation, and SeaSpine.
Global Adult Spinal Deformity Market: Taxonomy
By Product Type
By End User