The Europe spinal implants market will grow at a compound annual growth rate of 5.7 percent through 2024, according to a Data Bridge Market Research analysis.
Here are four observations:
1. The market is estimated to reach $3.8 billion by 2024, up from $2.4 billion in 2016.
2. Top companies in the market include Zimmer Biomet, DePuy Synthes, Stryker, Benvenue Medical, CareFusion, Medtronic, Alphatec Spine, NuVasive, Integra LifeSciences, Orthofix, Globus Medical, K2M and B. Braun Melsungen.
3. In 2015, the spinal fusion segment led the market, with the thoraco-lumbar fusion segment dominating.
4. Germany captures the greatest market share, owing to its technological advancements, government regulations and healthcare infrastructure. France, the United Kingdom, Italy and Spain follow in dominance.