Analysts anticipate global XLIF surgery market to grow at a 5.7 percent compound annual growth rate, reaching $2.5 million by 2024, according to Miltech.
Here are four things to know:
1. In 2016, the market for the global XLIF surgery market was estimated at $1.6 million.
2. Analysts expect the minimally invasive anterior spine surgery market to flourish. Government support and funding is also allowing the market to grow.
3. Increasing numbers of spinal disorders should also drive market growth. Another factor contributing to the market growth includes the growing geriatric population.
4. Nuvasive, RTI Surgical and K2M are among the key competitors in the global XLIF surgery market.