According to Fact.MR analysis, the global spine devices market was valued at $11 billion in 2020 and is expected to reach $17 billion by 2031. The entire demand for spine goods is expected to increase at a 4.5% CAGR between 2021 and 2031.
The rapid expansion of the spine devices market can be attributed to the increased frequency of spinal injuries and diseases, a growing geriatric population, and rising demand for minimally invasive spine operations.
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