The global spinal devices market is projected to reach $15.74 billion by 2026, according to a report from Fortune Business Insights.
Three key points:
1. The market is expected to grow at a compound annual growth rate of 3.9 percent from 2019 to 2026.
2. The spinal devices market size was valued at $11.59 billion in 2018.
3. In 2016, 8 percent of U.S. adults had high-impact chronic pain and over 20.4 percent experienced chronic pain, propelling demand for orthopedic spine devices in North America.