Spinal Stenosis Implants Market
Global Spinal Stenosis Implants Market is calculated to register a CAGR of over 5.8% during the forecast period of 2019 to 2029. Spinal stenosis, which is the irregular narrowing of the spinal canal, is prominently observed in elderly patients. Some of its symptoms are numbness in legs, lower back pain and problem in balancing the body. A rise in the geriatric population is the key factor responsible for substantial market growth. Increasing cases of obesity and a rising geriatric population which leads to spinal injuries are the primary factors that drive the spinal stenosis implants market growth. Additionally, increasing adoption of minimally invasive surgical procedures and better medication for pain relief are the other factors that accelerate market growth. The dynamic interspinous spacer device dominates the market segment due to the flexibility it offers to the patient post decompressive surgery. However, the pedicle screw-based stabilization system is likely to dominate the global market owing to better fusion as a result of smooth micro movements across endplates. Furthermore, it can protect implant failure due to better implant load sharing. Material-wise, the market is categorised as metallic and biomaterial. The metallic material segment is further segmented into titanium and stainless steel. Biomaterial segment is expected to dominate the global market as it is being confirmed by clinical expertise that spinal implants made of PEEK-optima polymer should be used. Using this material has various advantages like stress shield reduction, allowance of clear visual analysis of the fusion mass by X-ray, CT scan or MRI. According to current spinal stenosis implants industry trends, the Asia Pacific region is anticipated to dominate the market as countries like India and China have higher rates of spinal injuries, owing to high manual work. Additionally, there has been a rise in awareness regarding unconventional spine treatment techniques in the region. Understanding markets and consumer mindsets is what differentiates great companies from good ones. Every index for industry leadership lists companies that strategise based on the right current and forecast data. At FutureWise, we provide the latest and most pertinent information to organizations, using the latest market research methodologies. We specialise in high-growth niche markets, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Healthcare and life sciences verticals are unprecedented and dynamic. FutureWise with its unique services model is supporting their clients to overcome such challenges and foresee the disruption, which may affect their business. To strengthen your business position, and stay ahead of the competition- consult with our healthcare research experts.
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