Global Adult Spinal Deformity Market: Regional Insights
North America is expected to hold the largest market share in the global adult spinal deformity market followed by Europe. The market growth in these regions is mainly attributed to increasing cause of lower back pain & neck pain in adults and increasing geriatric population in the U.S. For instance, according to the article published in the National Center of Biotechnology Information in May 2017, among adults 60% to 80% would experience back pain and 20% to 70% would experience neck pain that would interfere with their daily activities during their lifetime in the U.S.
Moreover, Asia Pacific is the fastest growing region in the global adult spinal deformity market owing to increasing product approvals. For instance, in July 2016, Orthofix International N.V., a leading manufacturer of orthopaedic and other medical products, received regulatory approval from the Japanese Ministry of Health, Labor and Welfare (MHLW) for PHOENIX, a minimally invasive spinal (MIS) fixation system.
Geographies Covered
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