China Spinal Implants market is anticipated to grow at a CAGR around 5.7% during the forecast period. China is estimated to dominate the Asia-Pacific spinal implants market over the forecast period. Major factors that are augmenting the growth of the market in the country include surging aging population coupled with increasing chronic back pain problems and growing incidence of other spinal cord injuries that is likely to increase the chances of spinal implants. Aged people are more prone to develop chronic back pain than younger people; thereby increasing the aging population number in the country is a major factor that may lead to an increase in the prevalence of spinal cord disorders among people. According to the United Nations, the number of aged people in the country is projected to grow by 71% between 2015 and 2023. World Economic Forum stated that, in 2015, the number of aged people in China (136.9 million) surpassed Japan’s total population (126.9 million). Moreover, this number is projected to grow to 238.8 million, by 2030, which will be less than the combined total projected populations of Japan and Egypt (i.e.231.8 million).
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China Spinal Implants market is segmented on the basis of type, material and end-user. Based on type, the market is segmented into fusion implants and non-fusion implants. Based on material, the market is segmented into metallic, polymeric and ceramic. Based on end-user, the market is segmented into hospitality & clinics and ambulatory surgical centers.
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China Spinal Implants Market Segmentation
By Type
- Fusion Implants
- Non-Fusion Implants
By Material
- Metallic
- Polymeric
- Ceramic
By End-User
- Hospitals & Clinics
- Ambulatory Surgical Centers
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
