Spinal implants market to experience 5.5% CAGR through 2023: 3 observations

The global spinal implants market is expected to grow at a 5.5 percent compound annual growth rate through 2023, according to a Market Research Future report.

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Here are three observations:

1. An increase in the number of spinal injuries and disorders along with an obese population and lack of nutrition is expected to increase chronic back problems and henceforth boost the global market.

2. However, the market will need to overcome high costs and reimbursement policies to remain sustainable.

3. Key players in the market include DePuy Synthes, Medtronic, Stryker, NuVasive and Zimmer Biomet.

More articles on devices and implants:
How Mizuho OSI® will stay on the forefront of orthopedic innovation
Mazor Robotics vs. SeaSpine: Who grossed $131M in revenues?
Globus Medical launches pedicle screw system for thoracolumbar spine: 3 highlights

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