The European market for spine surgery devices is expected to reach $2.99 billion by 2019, according to a report by the Europe Spine Surgery Devices Market.
Here are six things to know:
1. The forecast period is 2014 to 2019.
2. The market's rise is at a 7.3 percent compound annual growth rate.
3. Increasing disc compressions and other spinal deformities among Europe's aging population are a main catalyst for the market's growth.
4. In addition, the study notes the popularity of non-fusion devices such as artificial spinal discs and nucleuses as another cause for the rise.
5. Stryker Corp. (Kalamazoo, Mich.), DePuy Synthes (West Chester, Pa.), Zimmer Biomet (Warsaw, Ind.), Smith & Nephew (London) Tornier (Montbonnot-Saint-Martin, France) are all expected to be the main players in the growing market.
6. The report predicts that technological advances will allow new products, mergers, acquisitions and approvals to take shape and further advance the spine surgery devices market in Europe.
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