The global thoracolumbar spine devices market is poised to grow at a compound annual growth rate of 3.78 percent through 2021, based on an Absolute Reports analysis, according to Talk Investor.
Here are four observations:
1. Key market players include DePuy Synthes, Globus Medical, Medtronic, NuVasive, Stryker and Zimmer Biomet.
2. An increasing prevalence of spinal disorders is boosting market growth.
3. The risks and complications associated with spine devices and surgeries will hinder market growth, though.
4. An increased emphasis on custom implant development represents a major market trend.