Market Size of Germany Spinal Surgery Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.16 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Spinal Surgery Devices Market Analysis
The Germany spinal surgery devices market has been witnessing a CAGR of 5.16%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.
As per the report published by OECD "The Heavy Burden of Obesity", 2019, one in every four adults in Germany are obese. As a result, it reduces germans lives on average 2.6 years less due to overweight. These numbers are further expected to increase with changing lifestyles and food consumption methods in developed countries. Along with a likely increase in spinal problems in obese populations, owing to an increase in obesity, the degenerative spinal conditions are also expected to increase.
Also, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is also expected to increase during the forecast period.
