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

  • Zavation Medical has acquired ChoiceSpine, and Derek Kuyper will be CEO of the combined company, according to a Feb. 26…

  • Carlsmed saw significant gains in fourth-quarter and 2025 revenue, according to financial results posted Feb. 25. Five things to know:…

Advertisement

Comments are closed.