The spinal implants and surgical devices market is predicted to reach $21 billion by 2025, according to a Credence Research report.
Here are four highlights:
1. In 2016, the market was valued at $12.85 million.
2. During the forecast period, the market is predicted to grow at a 6.1 percent compound annual growth rate.
3. The market's growth is driven by an increase in spinal cord injuries. In 2017, between 245,000 to 353,000 people suffered from spinal cord injuries.
4. Key market players include Alphatec, Zimmer Biomet, Stryker, RTI Surgical and Pioneer Surgical Technology.