Spinal fusion market to exceed $1.2B by 2027: 5 things to know

Mackenzie Garrity -   Print  |

The global spinal fusion market is predicted to exceed $1.2 billion by 2027, growing at a 5.4 percent compound annual growth rate, according to a Future Market Insights report.

Five things to know:

1. The rise in the development of minimizing load due to increased adverse reactions will aid the market's growth.

2. Demand for spinal fusion is anticipated to be highest in ambulatory surgery centers, which is expected to register a 6.6 percent compound annual growth rate.

3. North America, Western Europe and Asia Pacific are collectively predicted to account for around 68.6 percent of the global spinal fusion market share.

4. Revenue from the market in the APEJ is estimated to increase at an 8.9 percent compound annual growth rate during the forecast period.

5. Key market players include Zimmer Biomet, K2M, Medtronic, DePuy Synthes and Stryker.

More articles on devices and implants:
Misonix reports $10.2M in fiscal 2019 Q2 revenue, up 22% — 5 insights
Spinal stenosis implants market to expand at a 5.7% CAGR through 2026 — 9 top companies
Trice Medical makes new orthopedic acquisition: 3 takeaways

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