Cervical fusion market surges 27% in 2 years: 5 takeaways

MIS

The cervical fusion market has seen tremendous growth in the past two years and is expected to continue to surge in the coming years, according to a Market Research Future report.

Here are five takeaways:

1. Over the past two years, the market has grown by 27 percent.

2. Analysts predict the market will increase at a 9.3 percent compound annual growth rate through 2023.

3. Reasons for the uptick in the market include a growing geriatric population and increasing awareness among patients.

4. Market competitors will need to overcome the high initial costs.

5. Key players include Medtronic, DePuy Synthes, Stryker and NuVasive.

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