The global spine surgery products market is anticipated to grow at a 5.8 percent compound annual growth rate through 2025, based on a Transparency Market Research report, according to Facts Week.
Here are five observations:
1. The market is estimated to reach $16.7 billion by 2025, up from $10.2 billion in 2016.
2. The fusion segment is expected to maintain its dominance with the largest market share.
3. North America continues to lead the global market.
4. Insurance coverage expansion and chronic disease growth will boost Europe's spine surgery products market.
5. Drawn-out product approvals and clinical trial failures could hinder market growth.