The global spine surgery market is expected to reach $9.3 billion by 2017, driven by an increase in patients with chronic back pain and awareness of surgical treatment, according to a report from Global Industry Analysts.
The United States is the single largest regional market, and will remain that way over the next five years, according to the report. The number of procedures is expected to grow significantly due to technological innovation and minimally invasive technique. The spinal fusion market is expected to grow 8.2 percent annually, although it has been losing market share to motion preserving technologies.
The major players in the spine surgery marketplace include Alphatec Spine, ArthroCare, Biomet, DePuy Spine, Exactech, Medtronic, NuVasive, Orthofix, Orthovita Smith & Nephew, SpineVision, Stryker, Synthes and Zimmer Spine.
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The major players in the spine surgery marketplace include Alphatec Spine, ArthroCare, Biomet, DePuy Spine, Exactech, Medtronic, NuVasive, Orthofix, Orthovita Smith & Nephew, SpineVision, Stryker, Synthes and Zimmer Spine.
Related Articles on Spine Devices:
Alphatec Spine Names Frances Harrison to Vice President Position
TranS1 Launches Lateral Access Spinal System
K2M Debuts New Cervical Plate System With Blue Ridge Technology