Between 2014 and 2017, the market experienced a 2.63 percent compound annual growth rate, increasing from $2.22 million to $2.4 million.
Key market players include Medtronic, DePuy Synthes, NuVasive, Stryker and Globus Medical.
An analysis of the global spinal fusion devices market attributed the rise in market value to various technological advancements and the launch of innovative plating systems. Additionally, as device companies continue to release new screw systems and locking mechanisms designed with titanium alloy and other new materials, the market will maintain momentum.
More articles on devices and implants:
Trice Medical launches 1st dynamic imaging platform: 3 notes
OrthoSensor reaches milestone with 50,000 sensors distributed globally: 3 insights
Global spinal fusion devices market to exceed $10B by 2025: 5 market details
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
