Five things to know:
1. The spine fusion device market is expected to be $8.9 billion. In 2019, the market was $6.88 billion.
2. The market is expected to see a compound annual growth rate of 3.5 percent between 2020 and 2027.
3. Advancements in spinal fusion surgeries, increased adoption of minimally invasive spine surgeries and rising cases of spinal deformities are expected to increase revenue.
4. North America is expected to account for the largest revenue share of the spine fusion device market because of increased need for spine care and availability of advanced healthcare technology.
5. Major companies in the market include Braun Melsungen, Alphatec Holdings, Exactech, DePuy Synthes and Medtronic.
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.
