North American spinal surgery market to hit $11B — 5 observations

The North American spinal surgery market is expected to hit $11.28 billion by 2020, growing at a CAGR of 6.43 percent, according to newsmaker.

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Here are five observations:

 

1. The North American spinal surgery market reached $8.25 billion in 2015.

 

2. Patients can undergo safer and more reliable surgery options that preserve movement and prevent degeneration of the spine.

 

3. An increasing number of spinal disorders and a growing number of advanced techniques drive the market’s growth.

 

4. North America holds the largest market share for spinal devices.

 

5. Globus Medical, Zimmer Holdings, Medtronic, Paradigm Spine, Stryker and Alphatec Holdings dominate the spinal devices market.

 

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