The global spine surgery products market will likely hit $16.7 billion by 2025, according to a ResearchMoz report.
Here are four observations:
1. The report estimates the market will grow at a compound annual growth rate of 5.8 percent through 2025.
2. An increase in spine surgery patients due to a growing number of spine disorder cases among the geriatric population is expanding the market.
3. Additionally, growing investment in spine surgery product innovation is boosting market growth.
4. Dominant market players include Stryker, Medtronic, Zimmer Biomet, Globus Medical, K2M, NuVasive, Aesculap Implant Systems, RTI Surgical, Alphatec, Orthofix and DePuy Synthes.