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Global interventional spine devices market to grow at 10.5% CAGR through 2021 — 5 observations Featured

Written by  Megan Wood | Friday, 07 April 2017 18:09
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360 Market Updates analysts anticipate the global interventional spine devices market to grow at a compound annual growth rate of 10.5 percent between 2017 and 2021.

Here are five observations:

 

1. A growing prevalence of spine and bone disorders as well as increasing demand for minimally invasive procedures will spur market growth.

 

2. Alternate treatment options and interventional spine procedure risks will pose as obstacles to market growth, however.

 

3. Market trends include reducing risk of cement leakages as well as developing radiofrequency-targeted vertebral augmentation.

 

4. Lumbar disc disease, sacroiliac joint and degenerative lumbar facet joint pain compose about 70 percent of all lower back pain cases.

 

5. Dominant market players include:

 

• Dublin, Ireland-based Medtronic
• Kalamazoo, Mich.-based Stryker
• Chicago-based Abbott Laboratories
• Raynham, Mass.-based DePuy Synthes
• South Jordan, Utah-based Merit Medical

 

More articles on devices:
Alphatec launches device for MIS lateral access procedures — 5 takeaways
Zimmer Biomet recalls Comprehensive Reverse Shoulder device — here's why
Aesculap offers warranty against delamination & visualization — A 1st in spine industry

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