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Interspinous Spacers Market Analysis | Coherent Market Insights

Read here the market research report on u201cInterspinous Spacers Marketu201d published by CMI team.

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Interspinous Spacers Market Analysis | Coherent Market Insights

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  1. Coherent Market InsightS Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. Interspinous Spacers Market Analysis (2020-2027) • Interspinous spacers, also known as interspinous process decompression systems, are devices implanted between vertebral spinous processes. These spacers are made up of a very strong but lightweight metal (titanium), which is biocompatible in the human body. Lumbar spinal stenosis is a thinning of the spinal canal in the lower back, which causes compression on nerves. The condition develops gradually with age. Radiology tests are used to confirm the diagnosis of moderate degenerative lumbar spinal stenosis. Increasing prevalence of spinal stenosis due to aging and high demand for minimal invasive surgery is expected to drive the interspinous spacers market growth.

  3. Interspinous Spacers Market – Drivers • Increasing product approvals from regulatory bodies is expected to drive the interspinous spacers market growth during the forecast period. For instance, in 2015, the U.S. Food and Drug Administration (FDA) approved SuperionInterSpinous Spacer of VertiFlex Inc., VertiFlex Inc. is developer of advanced minimally invasive interventions for spinal stenosis. • Moreover, favorable reimbursement policies is also expected to drive the interspinous spacers market growth during the forecast period. For instance, in 2018, Paradigm Spine, a company specializing in the treatment of lumbar spinal stenosis, announced the issuance of a broad coverage medical policy from BlueCross BlueShield covering its coflex device for the surgical treatment of lumbar spinal stenosis.

  4. Interspinous Spacers Market –Restraints • However, complications associated with lumbar spinal fusion in older patients with spinal stenosis is a major factor restraining the interspinous spacers market growth. For instance, according to the American Association of Neurological Surgeons’ study on complication associated with lumbar spinal stenosis in 2014, 1 in every 6 elderly patients treated with lumbar spinal stenosis underwent reoperation on the spine within two years of surgery and nearly 1 in every 4 patients was readmitted for a surgery-related complication in the US.

  5. Interspinous Spacers Market -Regional Analysis • On the basis of region, the interspinous spacers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the Interspinous Spacers Market over the forecast period, owing to increasing geriatric population with spinal stenosis. For instance, according to American Institute of Minimally Invasive Surgery (AIMIS) 2017 report, around 250,000-500,000 U.S. residents show symptoms of spinal stenosis. This represents around 1 per 1000 persons older than 65 years and around 5 of every 1000 persons older than 50 years. Around 70 million people in the U.S. are older than 50 years of age.

  6. S • Asia Pacific is the fastest growing market for interspinous spacers, owing to increasing healthcare expenditure. For instance, according to the Ministry of Health, Labor and Welfare of Japan, US$ 374.12 billion was invested in the healthcare sector in Japan in 2017.

  7. Interspinous Spacers Market -Competitive Landscape • Key players operating in the interspinous spacers market include, Alphatec Spine, Inc., Globus Medical, Inc., Life Spine, Medtronic, MikaiS.p.A, NuVasive, Inc., Paradigm Spine, Synthes GmbH, Vertiflex, Inc., and Zimmer Biomet. 

  8. Interspinous Spacers Market -Taxonomy • The interspinous spacers market is segmented on the basis of product type, indication, end user, and region. • By Product Type • Static (Non-compressible Spacers) • Dynamic (Compressible Spacers) • By Indication • Lumbar Spinal Stenosis • Degenerative Disc Diseases • By End User

  9. S • Hospitals • Ambulatory Surgery Centers • By Region • North America • Latin America • Europe • Asia Pacific • Middle East • Africa

  10. Request sample copy here • Request PDF brochure here • Request Customization here • Talk to Analyst • Buy Now • Reference: • https://www.coherentmarketinsights.com/ongoing-insight/interspinous-spacers-market-2809

  11. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. • What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  12. Contact Us: • Mr. Shah • Coherent Market Insights Pvt. Ltd. • Address: 1001 4th ave, #3200 Seattle, WA 98154, U.S. • Phone: +1-206-701-6702 • Email :sales@coherentmarketinsights.com

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