The lumbar spine fusion market is slated to increase at a 4.9 percent compound annual growth rate between 2017 and 2021, according to a 360 Market Updates report.
Here are four key points:
1. Various factors are driving demand for lumbar spine fusion surgeries including the increased popularity of physician-owned ASCs.
2. Lumbar spine procedures are becoming less invasive, therefore yielding a slew of benefits for patients such as reduced length of stay, minimal infection risk and lower risk for a blood transfusion.
3. Surgeons are increasingly using modified titanium in spinal implants, driving market growth.
4. Some challenges include potential complications related to spine surgery as well as spinal implants, therefore hindering market expansion.