The global spinal fusion market is anticipated to grow at a compound annual growth rate of 5.4 percent through 2027, according to a Future Market Insights report.
Here are six observations:
1. The market will likely reach $12.56 billion by 2027.
2. The great number of spinal cord injuries and growing awareness of treatment options will spur market growth.
3. The costliness of spinal fusions and growth of alternative surgery methods, among other factors, will hinder market growth.
4. The interbody cages segment will experience significant growth between 2017 and 2027.
5. Based on procedure, the interbody fusion sector will continue to lead the market through 2027.
6. North America will grow at a 4.7 percent CAGR through 2027 and the Asia-Pacific (excluding Japan) region will register an 8.9 percent CAGR.