The outlook for the global spine surgery devices market has improved significantly over the last few months. In 2012 and the first half of 2013, spine surgical device makers had experienced a temporary pricing pressure and reimbursement challenges. Although the reimbursement challenges still remain, technological advancements coupled with an ageing population are causing a tremendous turnaround of this market, which was previously expected to grow at a CAGR of 5.1% over the next four years and reach $14.8 billion by 2017.
Alphatec Spine, a wholly-owned subsidiary of Alphatec Holdings (NASDAQ:ATEC), is a small but growing player in spine surgery market with a market cap of just $212 million. I believe that Alphatec Spine could be a great investment...
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