The global lumbar spine fusion market is expected to grow at a compound annual growth rate of 4.9 percent between 2016 and 2020, according to a Market Reports World analysis.
Here are four highlights:
1. A rise in spinal disorder cases will spur market growth.
2. Lumbar fusion complications and risks may hinder the market.
3. West Chester, Pa.-based DePuy Synthes; Dublin, Ireland-based Medtronic; San Digeo-based NuVasive; Kalamazoo, Mich.-based Stryker; and Warsaw, Ind.-based Zimmer Biomet lead the space.
4. Patients undergo lumbar spine fusion to subdue pain often associated with degenerative disc disease, spondylosyndesis or spondylodesis.