Adult Spinal Deformity Market Overview 2024-2033 – Competitive Landscape and Strategies

The Adult Spinal Deformity Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Adult Spinal Deformity Global Market Report 2024, The adult spinal deformity market size is expected to see strong growth in the next few years. It will grow to $3.09 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to an increasing incidence of spinal deformities, a surge in demand for specific devices, growing regional markets, rising awareness and early diagnosis, and a and a focus on complex deformities and degenerative conditions. Major trends in the forecast period include advancements in technology, minimally invasive procedures, 3D printing and customization, robotic-assisted surgery, digital technologies, and personalized treatments.

The rise in obesity rates is expected to propel the growth of the adult spinal deformity market going forward. Obesity rates refer to the prevalence or percentage of a population that is considered obese based on body mass index (BMI) measurements, which is generally defined as having a BMI of 30 or higher. Obesity rates are rising due to increased consumption of high-calorie, processed foods and sedentary lifestyles. Moreover, limited access to healthy foods and environmental factors also contribute to the trend. Adult spinal deformity solutions are increasingly utilized in obese patients to address the heightened mechanical stress on the spine and mitigate the risk and progression of spinal deformities associated with obesity. For instance, in May 2023, according to a report published by the Office for Health Improvement & Disparities, a UK-based government agency, in 2021–2022, 25.9% of adults aged 18 years and over in England were estimated to be living with obesity. This was an increase from 2020 to 2021 (25.2%). Therefore, a rise in obesity rates will drive the growth of the adult spinal deformity market.

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The adult spinal deformity market covered in this report is segmented –

1) By Type: Scoliosis, Kyphosis, Lordosis
2) By Product Type: Cervical Fixation Devices, Interbody Fusion Devices, Thoracolumbar Devices, Other Product Types
3) By Procedure: Spinal Fusion Surgery, Osteotomy, Spinal Deformity Correction, Spinal Arthrodesis, Spinal Fixation, Minimally Invasive Spinal Surgeries, Other Procedures
4) By Application: Hospitals And Clinics, Ambulatory Surgical Centers, Other Applications

Major companies operating in the adult spinal deformity market are focusing on the development of patient-specific solutions, such as implant technologies, to categorize and assess congenital anomalies of the upper limb, particularly hand and wrist deformities. Spinal deformity devices incorporate advanced implant technologies scuh as titanium alloys and polymer composites to enhance structural support and facilitate corrective procedures. For instance, in January 2023, Orthofix Medical Inc., a U.S.-based medical device company, launched the mariner deformity pedicle screw system following its merger with SeaSpine. This system is tailored for complex adult deformity spine cases, featuring advanced reduction tools, specialized implants, and robust osteotomy instruments. It leverages Mariner’s modular technology to offer a comprehensive implant solution, reducing surgical trays and enhancing operational efficiency in hospitals through improved workflow and reduced costs.

The adult spinal deformity market report table of contents includes:

1. Executive Summary
2. Adult Spinal Deformity Market Characteristics
3. Adult Spinal Deformity Market Trends And Strategies
4. Adult Spinal Deformity Market – Macro Economic Scenario
5. Global Adult Spinal Deformity Market Size and Growth
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32. Global Adult Spinal Deformity Market Competitive Benchmarking
33. Global Adult Spinal Deformity Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Adult Spinal Deformity Market
35. Adult Spinal Deformity Market Future Outlook and Potential Analysis
36. Appendix

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