A Technavio analysis predicts that the global market for thoracolumbar spine devices will see a compound annual growth rate of almost 4% through 2022, the March 1 Becker’s SpineReview reports.
A major driver of the growth is the increasing prevalence of spinal disorders.
The market was dominated in 2017 by the implants and instrumentation segment, which had an 83% market share. Geographically, the Americas held a 74% market share.
Technavio analysts predict the global thoracolumbar spine devices market will grow at a nearly 4 percent compound annual growth rate between 2018 and 2022. Here are four observations. 1. The increasing prevalence of spinal disorders - degenerative disc disease, excessive kyphosis, spinal stenosis and vertebral fracture - is a major driver of the global market.