Spinal implant, device market to hit $14.5B by 2027 — 5 details

Alan Condon -   Print  |
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The worldwide spinal implant and surgical device market is projected to reach $14.5 billion by 2027, according to ReportLinker.

Five details:

1. The market is expected to increase at a compound annual growth rate of 4.8 percent through 2020-2027.

2. The thoracic fusion and lumbar fusion devices sector is expected to hit $5.2 billion by 2027, increasing at a compound annual growth rate of 5.3 percent.

3. The U.S. held an estimated $2.8 billion of the market in 2020.

4. China is anticipated to grow at the quickest rate through the forecast period, reaching a market size of $3.1 billion by 2027.

5. Forty device companies are detailed in the report, including Medtronic, Globus Medical, Alphatec, DePuy Synthes and NuVasive.

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