The global spinal implants market is expected to grow at a 5.5 percent compound annual growth rate through 2023, according to a Market Research Future report.
Here are three observations:
1. An increase in the number of spinal injuries and disorders along with an obese population and lack of nutrition is expected to increase chronic back problems and henceforth boost the global market.
2. However, the market will need to overcome high costs and reimbursement policies to remain sustainable.
3. Key players in the market include DePuy Synthes, Medtronic, Stryker, NuVasive and Zimmer Biomet.