Research and Markets released a report on the European spine surgery devices market, which is expected to grow over the next few years.
Here are six things to know:
1. The market is expected to grow at a compound annual growth rate of 7.3 percent through 2019.
2. The European spine surgery devices market is expected to reach $2.99 billion by 2019.
3. The increasing incidence of spinal deformities, including disc compression among the aging population in Europe, as well as the popularity of non-fusion devices including artificial discs and nucleuses are driving market growth.
4. There is an increasing demand from the aging population for spine care and advancement in technology, such as minimally invasive technique sand biologics, promote growth over the next few years.
5. The biggest players in the market as of last year are Stryker, DePuy Synthes, Zimmer, Smith & Nephew and Tornier.
6. Most of the major market players rely on new product launches, mergers and acquisitions, agreements and approvals to grow in the European spine surgery devices market.