Here are five things to know about the market.
1. The spine devices market is anticipated to experience significant growth due to an aging population as well as an increased number of patients suffering from chronic back pain.
2. Increased awareness, robotic services and minimally invasive surgery techniques will fuel expansion as well.
3. The market need to overcome price concerns and unstable reimbursement policies in order to see continuous market growth.
4. North America holds the largest share of the market followed by Europe. However, Asia represents the fastest growing market.
5. Major market competitors include Medtronic, Stryker, NuVasive, DePuy Synthes, Globus Medical, K2M, Zimmer Biomet and Exactech.
More articles on devices and implants:
FDA clears Centric Medical’s Foot and Ankle Plating System: 4 takeaways
Implanet’s JAZZ sales increased 30% in 2017 — 7 highlights
J&J’s 2017 full-year orthopedics sales fall flat, spine business line sales drop: 5 things to know
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
