Global spinal implants & surgical devices’ value to reach $19.2B by 2023: 3 highlights

The global spinal implants and surgical devices market is anticipated to grow at a 5.4 percent compound annual growth rate through 2023, according to an Intense Research report.

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Here are three highlights:

1. Market analysts expect the market to increase from $13.99 billion in 2017 to $19.18 billion by 2023.

2. Recent technological advancements and growing demand for minimally invasive spine surgery will propel the global market during the forecast period.

3. The market will need to overcome challenging reimbursement rates and high treatment costs. Additionally, government restrictions may hinder the market’s growth.

More articles on devices and implants:
Spinal implants market to experience 5.5% CAGR through 2023: 3 observations
How Mizuho OSI® will stay on the forefront of orthopedic innovation
Mazor Robotics vs. SeaSpine: Who grossed $131M in revenues?

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.

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