The spinal implants and surgical devices market is deemed a very significant and profitable sub-sector in the industry of orthopedics. This market was found to be worth about USD 11, 550 million in 2012. It is expected to reach about USD 14, 830 by the end of the predicted phase. This rise is anticipated to happen at a CAGR of about 5 percent.
The growing population of aged people and increasing participants in the industry drive the market. Also, technological enhancements and growing need for MIS practices drive the spinal implants and surgical devices market prominently. However, economic recession and unpredictable refund policies act as hindrances in the further increase of the market.