Global spinal implants market to hit $17.4B by 2026

Alan Condon -   Print  |

The worldwide spinal implants and surgical devices market is expected to reach $17.4 billion by 2026, according to Research And Markets.

Four insights:

1. The market is projected to increase at a compound annual growth rate of 5.9 percent.

2. Innovations in spine surgery are the market's main driver. Rising prevalence of spinal disorders and increasing adoption of minimally invasive surgeries will also contribute to market growth.

3. Rising expenses and declining reimbursement are projected to hinder market growth.

4. The report predicts the Asia Pacific market to grow at the highest CAGR due to evolving healthcare infrastructure, increasing awareness, improving reimbursement and rising insurance coverage.

More articles on devices:
The most controversial trends in spine from 10 surgeons
6 Texas orthopedic practices to merge into 150-plus physician group
We're going to need a bigger scalpel — Mississippi spine surgeon operates on sand tiger shark's spine

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