a

Global spinal fusion devices market to be valued at $7.44B by 2022 — 7 observations Featured

Written by  Megan Wood | Wednesday, 29 March 2017 21:48
Social sharing

The global spinal fusion devices market is set to hit nearly $7.44 billion by 2022, based on an Allied Market Research report, according to MarketWatch.

Here are seven observations:

 

1. In 2015, the market was worth nearly $5.87 billion.

 

2. The market will grow at a compound annual growth rate of 3.4 percent through 2022.

 

3. The increasing adoption of minimally invasive spine surgery techniques as well as rising number of spinal disorder cases will spur the market.

 

4. The thoracolumbar fusion devices segment accounted for the market's highest revenue, capturing more than two-fifths of the global market.

 

5. The interbody fusion devices segment is anticipated to grow at a CAGR of 3.6 percent through 2022.

 

6. North America is anticipated to continue dominating the market, but the Asia-Pacific region will grow at a 4.6 percent CAGR through 2022.

 

7. Key market players include:

 

  • Alphatec Holdings in Carlsbad, Calif.
  • B. Braun Melsungen in Melsungen, Germany
  • DePuy Synthes in Raynham, Mass.
  • Exactech in Gainesville, Fla.
  • Globus Medical in Audubon, Pa.
  • Medtronic in Dublin, Ireland
  • NuVasive in San Diego
  • Orthofix International in Lewisville, Texas
  • Stryker Corp. in Kalamazoo, Mich.
  • Zimmer Biomet in Warsaw, Ind.

 

More articles on devices:
U.S. spinal implant & vertebral compression fracture market to reach $7B — 5 insights
FDA clears 1st cervical cage for use in 4 contiguous levels — 5 details
OrthAlign device used in 60,000th joint arthroplasty case — 4 takeaways

Last modified on Friday, 31 March 2017 18:22
© Copyright ASC COMMUNICATIONS 2017. Interested in LINKING to or REPRINTING this content? View our policies here.

Top 40 Articles from the Past 6 Months