Latin American regions to witness rapid growth in spine surgery device market
A MedMarket Diligence report indicated that the international market for cervical fusion, thoracolumbar implants, MIS spine fusion, interbody fusion and orthobiologics devices is valued at USD 9.7 billion. Latin America, along with Asia-Pacific and Central America, has reported the fastest growth with spine fusion devices emerging as a leading segment with a double-digit growth. The major factors contributing to the growth of the market include growing awareness about spinal biomechanics, increase in spinal instrumentation devices as options, advancement of bone fusion techniques, more anterior approaches to the spine and the development of innovative minimally invasive methods and robotics. It is now possible to stabilize every segment of vertebral column due to the availability of advanced techniques.
Read the full article at Becker’s Spine Review