The global spinal implants and surgical devices market is anticipated to grow at a 5.4 percent compound annual growth rate through 2023, according to an Intense Research report.
Here are three highlights:
1. Market analysts expect the market to increase from $13.99 billion in 2017 to $19.18 billion by 2023.
2. Recent technological advancements and growing demand for minimally invasive spine surgery will propel the global market during the forecast period.
3. The market will need to overcome challenging reimbursement rates and high treatment costs. Additionally, government restrictions may hinder the market's growth.