The report also projects the spine device market to grow at a compound annual growth rate of 5.5%, up from a market value of $13.97 billion in 2023.
Factors driving the projected growth include increased demand for advanced robotics for screw placement, robotics-assisted navigation during spinal surgery, minimally invasive surgical techniques, and a rise in spinal injuries and back pain in the U.S. Medtronic, Globus Medical, Alphatec Spine and Johnson & Johnson are some of the top players in this growing market.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 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.
