GlobalData announces it has recently released a new report on the global spinal non-fusion market.
Per the report, “MediPoint: Spinal Non-fusion – Global Analysis and Market Forecasts,” the global market for spinal non-fusion treatments will expand from just under $521 million in 2014 to $749 million by 2021, at a Compound Annual Growth Rate (CAGR) of 5.3%, according to a media release from research and consulting firm GlobalData.
This moderate growth will be driven primarily by the promising Cervical Total Disc Replacement (C-TDR) segment, due to an increasing availability of clinical efficacy data, the rising prevalence of degenerative spine diseases and the industry’s aggressive efforts in relation to physician training and direct-to-consumer marketing, the release explains.
The report also states that an increase in mergers and acquisitions activity is a trend that is likely to persist over the next 5 years.
The global spinal non-fusion market includes the US, France, Germany, Italy, Spain, UK, Japan, Brazil, China and India, per the release.
For more information, visit GlobalData.