Global spinal implants and devices market to expand at 6.1% CAGR, reach $21B by 2025 — 4 insights

Written by Shayna Korol | January 16, 2018 | Print  |

The global spinal implants and surgical devices market is expected to reach $21 billion by 2025, expanding at a compound annual growth rate of 6.1 percent from 2017 to 2025, Credence Research reports

Here are four things to know:

 

1. The market was valued at $12.85 billion in 2016.

 

2. The market is segmented into non-fusion devices, cervical fusion devices, spinal decompression devices, spine bone stimulators, vertebral compression fracture treatment devices and lumbar fusion and thoracic fusion devices.

 

3. The report additionally classified the technologies as motion preservation/non-fusion technologies, vertebral compression fracture treatment, spinal decompression and spinal fusion and fixation technologies.

 

4. The report also included a geographical market breakdown. North America currently drives the global market in terms of revenue share, but the demand for spinal implants and devices in the Asia Pacific geographic region has increased. There is potential for market diffusion in India, Mexico and China.

 

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