A new study from Market Research Gazette examines the spinal fusion market.
Four key points:
1. In 2018, the spinal fusion market was valued at $39.7 billion and expected to reach $58.2 billion by 2025. The compound annual growth rate from 2019 to 2025 is expected to hit 4.9 percent.
2. Almost half of the demand for global spinal fusion is related to spinal disease, 45.65 percent, compared to 36.56 percent for spinal deformity and 12.75 percent for spinal nerve protection.
3. The average price for spinal fusion around the world has decreased from $1,761 in 2011 to $1,549 in 2016, and the report authors expect the decreasing trend to continue over the next five years.
4. The U.S. has 57.1 percent of the production base for spinal fusion materials.