Global Spinal Fusion Devices Market to Grow at 4.65% CAGR through 2025

A new research report added to the vast repository of Market Research Reports Search Engine (MRRSE) offers detailed analysis on the key factors impacting the spinal fusion devices market during the assessment period 2017-2025. The report titled “Spinal Fusion Devices Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2025” is a lucid source of information for stakeholders looking to gain a deeper understanding of the market. According to the report, the global spinal fusion devices market is likely to grow at a CAGR of 4.65% during the assessment period.

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The demand for spinal fusion devices is shaped by changing demographic trends in key markets, including the US, Europe, and Asia Pacific. The demography is witnessing a transformation in these countries, and there has been a spurt in the increase of Baby Boomer population in these regions. This population segment is vulnerable to degenerative spine diseases, and this is pushing the demand for spinal fusion devices in the market. The report projects that increasing prevalence of spine degenerative diseases is likely to drive market growth during the assessment period.

In a bid to offer detailed insights to readers, the report has segmented the market on the basis of region, surgery, product type, and end-user. By product type, interbody fusion devices is likely to witness steady growth during the assessment period. The report projects this segment to grow at a significant CAGR during the assessment period. The segmentation on the basis of surgery involves open surgery and minimally-invasive surgery. Among these, the revenue share of open surgery is higher than minimally invasive surgery.

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Use of spinal fusion devices in open surgery is more seamless as compared to minimally invasive surgery, which is driving the growth of the market. By end-use, demand for spinal fusion devices is higher in hospitals as compared to clinics, orthopedic centers, hospitals, and ambulatory surgical centers. The report projects the hospitals end-use segment to maintain its dominance in the global market during the assessment period.

North America continues to be the leading market for spinal fusion devices, and it is highly likely that the region will remain dominant throughout the forecast period. The market in North America is led by the US, where a rapidly growing aging population is driving demand. In addition to regional analysis, the report also covers competitive landscape, wherein key product and business strategies of the leading companies have been discussed.

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This release was published on openPR.