Global spinal fusion market to grow at 4.5% CAGR through 2023: 3 observations

Written by Megan Wood | June 21, 2018 | Print  |

The global spinal fusion market is expected to grow at a compound annual growth rate of 4.54 percent between 2018 and 2023, based on an Acquire Market Research report, according to Healthcare Sector.

Here are three observations:

1. Increasing healthcare awareness, growing number of spinal deformity cases and rising health expenditures in developing countries are driving market growth.

2. The growing geriatric population with chronic spinal issues will also boost market growth.

3. Traditional spinal fusions have historically led the space, but the minimally invasive spinal fusion segment will see the highest growth rate through the forecast period.

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