China Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

China Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries and increasing incidences of obesity and degenerative spinal conditions.

Obesity in China is a major health concern according to the WHO, with overall rates of obesity between 5% and 6% for the country, but greater than 20% in some cities where fast food is popular. The prevalence of severe obesity was highest among adults aged 40–59 compared with other age groups. These numbers are further expected to increase with changing lifestyles and food consumption methods. With the increase in obesity cases, there is an increasing number of spinal problems that help to increase the overall market.

Also, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is thus expected to increase the overall market during the forecast period.

Key Market TrendsSpinal Fusion is Expected to Hold the Highest Market Share in the Device Type Segment

In the spinal surgery devices market, spinal fusion is believed to have a high market size, and it is expected to witness high growth during the forecast period. Many products in the market provide conventional effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery.

A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. According to Zhi-Meng Wang, Peng Zou, Jun-Song Yang, an article published in 2020, the primary cause of spinal cord injuries in the country are 47.75% from low falls, 37.31% from high falls, followed by traffic accidents with 8.98% Therefore the injuries is expected to increase over the forecast period, registering a healthy CAGR. Hence with the increasing spine ailments in China, the market is expected to grow during the forecast period.

Competitive Landscape

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

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.