Some 74 percent of Americans suffer back pain at least once a year, and 13 percent experience such pain daily. For many, the problem is chronic. Indeed, 54 percent of back-pain sufferers say they’ve had the problem for five years or more.
Treating that pain is big business. For example, market research firm Mordor Intelligence predicts that the worldwide market for spinal surgery devices will increase from $13 billion in 2016 to more than $16.6 billion by 2021—a cumulative annual growth rate of 5 percent.