The global non-fusion spinal devices market is anticipated to grow between 2012 and 2025, based on a Future Market Insights report, according to medGadget.
Here are five takeaways:
1. An aging population, increasing number of obesity cases and rising demand for minimally invasive surgery will spur market growth.
2. Unfavorable reimbursement policies will hinder market growth, however.
3. North America currently dominates the market, due to degenerative disc disease impacting about half of the U.S. population above 40 years old.
4. The Asia-Pacific region will see rapid growth because of its high population.
5. Dublin, Ireland-based Medtronic, Kalamazoo, Mich.-based Stryker Corp., Warsaw, Ind.-based Zimmer Biomet and West Chester, Pa.-based DePuy Synthes dominate the space.