Here are four observations.
1. The market is set to grow at a compound annual growth rate of 4.6 percent through 2025.
2. The growing number of spinal deformity cases will boost the market.
3. Zimmer Biomet, Stryker, Exactech, Orthofix, Globus Medical, NuVasive, Medtronic. DePuy Synthes, B. Braun Melsungen, Wenzel Spine, K2M, Centinel Spine and Spineart lead the space.
4. Companies in the market are increasingly engaging in mergers and acquisitions. In 2016, Zimmer Biomet acquired LDR and Globus Medical acquired Alphatec’s international business line.
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