Spinal Motion Preservation Device Market Growth Prospects, Key Vendors And Future Scenario Forecast to 2027
The global Spinal Motion Preservation Device market is expected to reach USD 15.83 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors. As per the Global Health and Aging report published by the WHO (World Health Organization), the number of people aged 65 years or older is estimated to increase from a projected 524 million in 2010 to approximately 1.5 billion by 2050, with significant percentage of increase in developing economies. Additionally, the number of people aged 65 years or older is anticipated to considerably surpass children younger than 5 years of age by 2050. Aging leads to the deterioration of facet joints resulting in several spinal disorders. Thus, the increasing prevalence of diseases in the growing geriatric population is likely to propel the growth of the market in the forecast period. Key participants include Medtronic, DePuy Synthes,