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 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.
