The global lumbar spine fusion market will likely continue to grow at a compound annual growth rate of 4.9 percent through 2020, according to a Market Reports World analysis.
Here are three quick observations:
1. A boost in spinal disorder cases as well as technology advancements will spur market growth.
2. Lumbar fusion risks and complications may hinder market growth.
3. Raynham, Mass.-based DePuy Synthes; Dublin, Ireland-based Medtronic; San Diego-based NuVasive; Kalamazoo, Mich.-based Stryker; and Warsaw, Ind.-based Zimmer Biomet represent key market players.