The global spinal fusion devices market is set to hit nearly $10.97 billion by 2025, based on a Transparency Market Research report.
Here are six observations:
1. The global market will expand at a 4.65 percent compound annual growth rate between 2017 and 2025.
2. Key market players include Stryker, NuVasive, Globus Medical, Orthofix International, Zimmer Biomet, Medtronic, K2M Group Holdings, Alphatec, Exactech, DePuy Synthes, B. Braun Melsungen and Titan Spine.
3. In 2016, the thoracolumbar fixation devices segment dominated the market and will continue to do so throughout the forecast period.
4. The open surgery segment led the market in 2016, but the minimally invasive surgery sector will likely experience a greater CAGR through 2025.
5. North America will continue to lead the space.
6. A growing number of back pain and spinal disorder cases will boost market growth.