The spinal fusion market size is anticipated to reach $8.64 billion by 2025, according to a market report published by MenaFN.
Three insights:
1. The market size is expected to grow at a CAGR of 3.87 percent during the forecast period 2020-2025.
2. The increase is attributed to a rising geriatric population, an increase in spinal cord injuries and surgical innovations in spine.
3. A rise in spinal deformities due to increasing road accidents and growing healthcare expenditure in developing countries will also contribute to the expanding market size.