The global spinal fusion device market is expected to reach $9.9 billion by 2030, according to a report from Renub Research.
Between 2024 to 2030, the global market is projected to grow at a compound annual growth rate of 3.98%, and factors driving growth include growing awareness of minimally invasive surgery and the increased need for spinal fusion devices.
The Asia-Pacific region was recognized as an area where the spinal fusion device market is growing due to an aging population. The report also said the cervical spinal fusion segment is expected to increase in the spinal fusion device market.
Companies leading the market include Stryker, Medtronic, Zimmer Biomet, Orthofix, Xtant Medical and Alphatec, the report said.