From 2017 to 2023 the minimally invasive spine market is expected to see a compounded annual growth rate of 7.4 percent, according to medGadget.
Here are five observations:
1. In 2016, the global minimally invasive spine market was estimated at $512.6 million across 39 markets.
2. North American represented the largest share of the market in 2016 with 57 percent of global revenues and is predicted to dominate the market throughout the forecasted period.
3. The Middle East and Africa is expected to see the fastest growing market through 2023 with a compounded annual growth rate of 9.4 percent.
4. The three major influencers of the market are Medtronic, DePuy Synthes and NuVasive.
5. Other companies impacting the market include Stryker, Globus Medical and Zimmer Biomet.