Companies & Markets: Global Spinal Surgery Devices Market Forecast to Reach USD 12.6 Billion in 2017 (press release)
Spinal Surgery Devices Market to 2017 - Motion Preserving Spinal Non-Fusion Procedures to Drive Long Term Growth. The global market for medical spinal surgery devices is forecast to reach $12.6 billion in 2017 at a CAGR of 10%. The future growth is primarily driven by increasing preference for minimally invasive spinal fusion procedures and growing ageing population around the world. Positive clinical trials and favorable reimbursement policies for spinal non-fusion procedures can further contribute to the growth of the market. Increasing awareness about spine procedures, increasing income levels in the emerging economies and technological innovations are other major drivers for the growth of spinal surgery devices market.
The US to Continue to be the Biggest Market for Spinal Surgery Devices. The US is the largest market for spinal surgery devices and contributed 69% towards the global market in 2010. The US spinal surgery devices market was valued at about $4.6 billion in 2010 and is expected to reach $9.2 billion by 2017 with a CAGR of 10%. Incre...
