Global spine surgery products market projected to hit $20b by 2031 | Healthcare Asia Magazine

Its expansion is attributed to developments in healthcare infrastructure.

The spine surgery products market is projected to reach $20b by 2031 at a compound annual growth rate of 4.5%, said Transparency Market Research.

The sector’s expansion is attributed to developments in healthcare infrastructure, along with regulatory approvals supporting innovation.

Biotechnology and regenerative medicine are expected to yield products that promote natural healing, such as growth factors and stem cells.

3D printing technologies are also improving preoperative planning, allowing for more precise implant fitting, shorter surgery durations, and improved patient outcomes.

Meanwhile, the continued development of remote surgery and telemedicine offers the potential to make specialised spine care more accessible, particularly in underserved areas.

“Surgeons can collaborate more closely, providing guidance and performing procedures remotely,” the report said.