According to the research report titled ‘Global Spinal Fusion Market: By Procedure - Traditional (ALIF, PLIF, Others), Minimally Invasive (MITLIF, XLIF, Others), By Region, By Country (2018 Edition)- Forecast to 2023’ available with Market Study Report, the global spinal fusion market is projected to grow with a CAGR of 4.54% between 2018-2023.
 

Growing number of accidents leading to more cases of spinal deformities, coupled with increasing awareness regarding healthcare among consumers, and surging medical expenditure are driving the growth of the global spinal fusion market. Additionally, rising elderly population experiencing inveterate spinal disorders will further augment the demand for spinal fusion treatment across the globe.
 

Based on procedure type, spinal fusion market is categorized into traditional procedures and minimally invasive procedures. Traditional spinal fusion segment is further classified into PLIF (posterior lumbar interbody fusion), ALIF (anterior lumbar interbody fusion), and others. In terms of minimally invasive procedure type, the market is further divided into XLIF (extreme lateral interbody fusion), TLIF (transforaminal lumbar interbody fusion), and others.
 

According to the report, although the traditional spinal fusion segment held the dominant position in the market in 2018, but spinal fusion market from minimally invasive procedures segment is expected to grow substantially in the upcoming years.
 

Considering the geographical landscape, the global spinal fusion market is divided into regions namely, Europe, North America, Asia-Pacific, and rest of the world with key focus on countries such as Canada, US, UK, Germany, Japan, China, and Australia.
 

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The report cites that North America led the global spinal fusion market in 2018, owing to advanced healthcare infrastructure, development of innovative devices, and enhanced diagnosis of patients across the region. However, APAC spinal fusion market is expected to grow significantly over the forecast period, due to rising spending on healthcare and presence of a large consumer base, especially in emerging economies like India and China.
 

The key players in the global spinal fusion market are Stryker Corp., Medtronic, Zimmer Biomet, NuVasive, Inc., Orthofix International, K2M Group Holdings, Inc., Globus Medical, DePuy Synthes, Alphatec Spine, and Aesculap Implant Systems, LLC.