The demand for outpatient spine surgery is fueling global spinal implants market growth, according to Research and Markets' report ""Global Spinal Implants Market 2016-2020."
Here are four key points:
1. From 2016 to 2020, the market is expected to grow at a compound annual growth rate of 5.91 percent.
2. Outpatient spine surgery yields substantial cost savings, thus playing a key role in market growth.
3. Outpatient procedures, including minimally invasive procedures, limit the need for blood transfusions, lower infection risk, reduce hospital stays and yield less pain for patients.
4. The market's major players include Stryker, Zimmer Biomet, NuVasive, Medtronic and DePuy Synthes.