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San Francisco, July 8, 2021 /PRNewswire/ – Global Spinal Fusion Market Estimated size achieve US$8.8 billion According to a new report from Grand View Research, Inc., by 2028. From 2021 to 2028, the market is expected to grow at a compound annual growth rate of 4.4%. The increasing number of spinal-related diseases and technological advancements in spinal fusion surgery are driving market growth. Due to the delay or cancellation of elective surgery, the market’s growth rate in 2020 will slightly decrease.
Main insights and findings:
- Thoracic and lumbar spine instruments will dominate the product segment of the market in 2020.This contribution is mainly due to the increase in the number of thoracolumbar spine diseases and technological progress
- MicroPort occupies a dominant market position, with the largest revenue share in 2020, exceeding 64.0%.Related advantages, such as less blood loss, shorter operation time, and increased recovery time, are driving the growth of this sector
- The degenerative disc segment has the largest revenue share in 2020, exceeding 42.0%.This increase can be attributed to the growing target population and the increasing number of adults with low back pain and neck pain
- The hospital sector has the largest revenue share in 2020.The growth can be attributed to advanced treatment options and a large number of patient traffic
- In terms of revenue share, North America will dominate the market in 2020.It is expected that the increase in the target population, advanced medical infrastructure and technological advancement will promote the growth of the market in the region
Read the 150-page market research report,”The market size of spinal fusion devices, by product, by operation (complex deformity, degenerative intervertebral disc), by disease type, by end-user sharing and trend analysis report…
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