European spine surgery devices market to soar to $2.9B by 2019 — 6 key trends

Spinal Tech

The European spine surgery devices market is expected to see accelerated growth over the next four years, according to a MicroMarket Monitor report.

Here are six key trends:

 

1. The market is expected to reach $2.9 billion by 2019.

 

2. It is estimated to grow at a compound annual growth rate of 7.3 percent from 2014.

 

3. Factors driving the demand for spine surgery devices include the incidences of road accidents, the increasing cases of spinal deformities amongst the aging population in the European region and the popularity of non-fusion devices.

 

4. In 2014, spinal fusion and fixation devices were the largest segment in the European spine surgery devices market, with a share of 66.5 percent.

 

5. The segment is projected to grow at a CAGR of 6.2 percent from 2014 to 2019.

 

6. Top market players include Stryker, DePuy Synthes Companies of Johnson & Johnson, Zimmer, Smith & Nephew and Tornier.

 

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