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Demand For Spine Products Is Anticipated To Rise At A CAGR Of 4.5% Through 2031

Spine Devices

Fact.MR, a market research and competitive intelligence provider, has recently published an updated survey of the global spine devices market. This report suggests that market revenue will total US$ 17 Bn by 2031, expanding at a modest CAGR of 4.5% over the decade.

In the past decade, the healthcare industry has changed exponentially, and this is majorly attributed to advancements in the technology of medical devices and procedures. The world has seen an increase in demand for healthcare as the prevalence of diseases increases and the need for better healthcare rises.

Spine injuries and spinal disorders have also seen a steady rise over the past decade. This has also created an increase in demand for spinal procedures, which is driving demand for spine devices.  However, complexity of spine procedures and treatment is a major factor that restricts demand. Manufacturers are working towards developing solutions that would be simpler in nature and take very less time for the patient to recover.

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Key Takeaways from Market Study

Key Segments Covered in Spine Devices Industry Survey

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

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