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Chapter 51: Chinese Markets for Spinal Implants
The Chinese spinal implant market, comprising thoracolumbar, cervical, interbody device (IBD), and nonfusion technologies, will benefit greatly from the country's position as among the world's most rapidly aging nations. In 2005, the spinal implant market was valued at over $100 million. Over the forecast period, the spinal implant market will undergo exceptional growth, due to a greater number of people with disposable income, stronger patient demand, aging demographic, and a higher number of automobile accidents. Impending legislation, designed to impose price controls on medical devices, and the general lack of standardized health insurance and reimbursement will, however, limit market growth over the next few years.