Hyderabad, India -- (SBWIRE) -- 03/01/2018 -- The Spine Biologics Market is anticipated to reach USD USD 2.56 billion by 2021 from USD 2.07 billion in 2016, at a CAGR of 4.4%. The Global Spine Biologics Market is mainly driven by factors such as Increase in geriatric population, rise in the occurrence of diseases and increasing preference among surgeons.

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Other prominent factors attributing to the growth of the market are technological advancements in the field of minimal surgical procedures. Increase in the government funding is also accountable for the market growth.

However, the high-cost procedures coupled with an increase in the risk of complications after surgery, lack of expert professionals in this market, and restricted reimbursement scenario are hindering the growth of the market.

The largest market share of Spine Biologics is commanded by Anterior Cervical Discectomy and Fusion. The major market share is accounted by bone grafts substitutes segment of Global Spine Biologics Market.

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North America leads the market with the largest share of the Spine Biologics market and it is followed by Europe. The large shares of the North American Spine Biologics market are attributed to increasing geriatric population advancements in the field of medicine. The highest CAGR of the market is expected from the Asia Pacific.

Key players in the Spine Biologics Market are Orthofix International N.V., and Alphatec Holdings, Inc., SeaSpine, Globus Medical, Inc., RTI Surgical, Inc., and Zimmer Biomet Holdings, Medtronic plc, Inc, Exactech, Inc., and NuVasive, Inc., and Depuy Synthes (Johnson & Johnson).

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