The global spinal implants market is set to hit $14 billion by 2022, according to a Market Research Future report.
Here are five observations:
1. North America captures the greatest market share, with Europe following second.
2. The Asia-Pacific region will experience the most rapid growth through 2022.
3. An increasing aging population and growing prevalence of spinal injuries and disorders will boost the global spinal implants market.
4. The costliness of spinal implants as well as unfavorable reimbursement will stunt the global market, though.
5. Key market players include Alphatec Spine, Amedica, DePuy Synthes, Exactech, Globus Medical, Integra LifeSciences, K2M, Medtronic, NuVasive, Orthofix, RTI Surgical, Stryker, Quandary Medical and Zimmer Biomet.