The cervical fusion market has seen tremendous growth in the past two years and is expected to continue to surge in the coming years, according to a Market Research Future report.
Here are five takeaways:
1. Over the past two years, the market has grown by 27 percent.
2. Analysts predict the market will increase at a 9.3 percent compound annual growth rate through 2023.
3. Reasons for the uptick in the market include a growing geriatric population and increasing awareness among patients.
4. Market competitors will need to overcome the high initial costs.
5. Key players include Medtronic, DePuy Synthes, Stryker and NuVasive.