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The spinal fusion devices market size is forecast to increase by USD 2.69 billion at a CAGR of 4.9% between 2023 and 2028. The market is witnessing significant growth due to the increasing prevalence of spinal disorders, which is driving the demand for effective treatment solutions. According to the National Institute of Neurological Disorders and Stroke, approximately 80% of Americans experience low back pain at some point in their lives. Technological advances related to spinal devices or implants, such as the development of minimally invasive procedures and the integration of biomaterials, are further fueling market growth. However, stringent regulations for manufacturing spinal fusion devices, including the need for clinical trials and FDA approval, pose a challenge to market participants. The senior population is also a significant consumer group due to age-related spinal diseases such as degenerative disc disease, abnormal spinal curvatures, spondylolisthesis, and scoliosis. Despite these challenges, the market is expected to continue its growth trajectory due to the high unmet need for effective spinal fusion solutions. The market report forecast market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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