Spinal implant, device market to hit $14.5B by 2027 — 5 details

The worldwide spinal implant and surgical device market is projected to reach $14.5 billion by 2027, according to ReportLinker.

Advertisement

Five details:

1. The market is expected to increase at a compound annual growth rate of 4.8 percent through 2020-2027.

2. The thoracic fusion and lumbar fusion devices sector is expected to hit $5.2 billion by 2027, increasing at a compound annual growth rate of 5.3 percent.

3. The U.S. held an estimated $2.8 billion of the market in 2020.

4. China is anticipated to grow at the quickest rate through the forecast period, reaching a market size of $3.1 billion by 2027.

5. Forty device companies are detailed in the report, including Medtronic, Globus Medical, Alphatec, DePuy Synthes and NuVasive.

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.