European Spinal Implants market is anticipated to grow at a CAGR around 4.4% during the forecast period. Significant growth in the European spinal implant market has been witnessed due to surging aging population base susceptible spinal disorders, increasing adoption of minimally invasive surgeries, well-developed healthcare infrastructure and increasing healthcare expenditure in the Europe. The increasing incidence of spinal disorders associated with the rising aging population is addressing the demand for minimally invasive surgical implants in the region. According to Eurostat, in 2017, around 19%, one-fifth of the EU population was aged 65 and over. Moreover, by 2080, the proportion of people aged 80 and over should more than double to reach 13% of the total population. In January 2017, the population in the EU-28 was estimated at 511.5 million. Among this population, the young people (0-14 age group) consist of 15.6% of the total EU-28 population. However, the people aged 15-64 years old accounted for 64.9% of the total population. The people aged 65 and over accounted 19.4% share, which is a rise of 0.2% points than the previous year and a rise of 2.4% points than 10 years earlier.
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European 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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European Spinal Implants Market Segmentation
By Type
- Fusion Implants
- Non-Fusion Implants
By Material
- Metallic
- Polymeric
- Ceramic
By End-User
- Hospitals & Clinics
- Ambulatory Surgical Centers
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