The global spinal fusion devices market is set to grow at a compound annual growth rate of 4.65 percent through 2025, according to a Transparency Market Research report.
Here are five observations.
1. The market is expected to reach nearly $11 billion by 2025.
2. In 2016, the thoracolumbar fixation devices segment dominated the market.
3. The increasing prevalence of spinal injury cases will boost market growth as well as new research and development.
4. North America led the market in 2016, due to advanced healthcare infrastructure.
5. Main market players include Alphatec, Titan Spine, Zimmer Biomet, Exactech, Stryker, K2M, Globus Medical, NuVasive, Medtronic, DePuy Synthes and B. Braun Melsungen.