Global XLIF market to hit $2.6B by 2024 — 4 observations

The global lateral lumbar interbody fusion market will likely grow at a compound annual growth rate of 5.7 percent between 2017 and 2024, according to a Data Bridge Market Research analysis.

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NuVasive’s XLIF procedure is backed by 10-plus years of clinical evidence.

 

Here are four observations:

 

1. The market is set to hit about $2.6 billion by 2024.

 

2. In 2016, the market was worth about $1.6 billion.

 

3. Key drivers include the increasing demand of minimally invasive procedures and growing number of spinal disorder cases.

 

4. The procedure’s costliness, unfavorable reimbursements and a boost in alternative treatments will hinder market growth.

 

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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.

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