Brazil Spinal Surgery Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Brazil Spinal Surgery Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The Brazil spinal surgery devices market will show a rapid growth due to increasing incidences of obesity and degenerative spinal conditions and technological advances in spinal surgery.

According to a survey by the Health Ministry 2019, Brazil obesity rate has been seen to increase from 11.8 percent to 19.8 percent between 2006 and 2018. Therefore, the rate of obesity in Brazil is on the rise. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.

According to the World Health Organization and the Brazilian Institute of Geography and Statistics reported that by 2040, the geriatric population in Brazil (aged ≥ 60 years) will reach approximately 55 million, which will result in a high prevalence of chronic neurological disorders. Despite increasing hospital admissions of this population, studies on the prevalence of neurological disorders among older adult inpatients are scarce, particularly in Brazil. Therefore, with the increase in the geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

Brazil Spinal Surgery Devices Market TrendsSpinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

The spinal fusion devices in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied.

Brazil Spinal Surgery Devices Market Competitive Analysis

The Brazil spinal surgery devices market is moderately competitive and consists of several major players. Moreover, with increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability.

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