North America spinal implants market to hit $8.6B by 2021 — 5 observations

Megan Wood -   Print  |

The North American spinal implants market is positioned to grow at a 5.2 percent compound annual growth rate through 2021, based on a Market Data Forecast report, according to medGadget.

Here are five observations:

 

1. Valued at $6.68 billion in 2016, the market is set to hit $8.6 billion by 2021.

 

2. The North American spinal implants market accounts for 50 percent of the global market.

 

3. An increasing obese and geriatric population as well as a boost in spinal disorder cases will expand the North American market. The demand for minimally invasive spine surgery will also aid market growth.

 

4. The market's motion preservation/non-fusion segment will likely grow at the highest CAGR through 2021, due to the prevalence of MIS procedures and development of non-fusion devices.

 

5. Key market players include Medtronic, DePuy Synthes, Stryker Corp. NuVasive, Zimmer Biomet, Globus Medical, Alphatec Holdings, Orthofix, K2M and RTI Surgical.

 

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