The Global Spinal Cord Compression-Spinal Stenosis Market is expected to reach $ 8.5 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 11.5 % during 2017-2023.
The key players in the Global Spinal Cord Compression- Spinal Stenosis Market are Medtronic (U.S.), Johnson & Johnson Services Inc. (U.S.) , Stryker (U.S.), Zimmer Biomet (U.S.), NuVasive, Inc. (U.S.), Globus Medical Inc. (U.S.), Orthofix International NV (U.S.), MicroPort Scientific Corporation (China), K2M, Inc. (U.S.), Alphatec Spine, Inc. (U.S), Paradigm Spine (U.S.), and Vertos Medical Inc. (U.S.). Vertiflex Inc. (California), General Electric Company (U.S.), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Siemens Healthcare GmbH (Germany), Toshiba Medical Systems (Japan), Aurora Imaging Technology, Inc. (U.S.), Neusoft Corporation (China), and Neurologica Company Ltd. (London) are among others.
Spinal stenosis is a major cause of spinal compression. Spinal stenosis is referred to as narrowing of spaces present within the spine, which exerts pressure on the nerves traveling through the spine. Some of the symptoms of the spinal compression include neck pain, back pain, besides others. Increasing prevalence of cancer and spinal stenosis are the major drivers for the market growth.
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Spinal cord compression (SCC) is often diagnosed in oncology patients, affecting their function, and general quality of life. The most common cause of spinal cord compression in cancer patients is metastasis to the spine. According to the American Cancer Society, the global burden of cancer is expected to grow. Moreover, it is estimated that 21.7 million new cancer cases accounting for 13 million deaths will be encountered by 2030.
Additionally, favourable reimbursement policies and rising demands of minimally invasive therapeutic surgical procedures by the growing geriatric population is estimated to boost the market growth during the forecast period. According to a study published in the Permanente Journal in 2012, compression fractures affected a majority of individuals worldwide. Moreover, according to an estimate, every year, 1.5 million vertebral compression fractures occur in the U.S. affecting a majority of the geriatric population. However, the lack of skilled physician and high therapeutic surgery cost in the presence of complications is projected to restrain the market growth during the projected period. The average national cost of anterior cervical discectomy and fusion (ACDF) is estimated to be USD 14,000.
The Global Spinal Cord Compression- Spinal Stenosis Market is segmented by type, diagnosis, treatment type, and end user.
By type, the market is segmented into lumbar spinal stenosis, cervical stenosis, central stenosis, and others. By diagnosis, the market is categorized into physical examination, imaging, and others. The imaging segment is sub-segmented into magnetic resonance imaging (MRI), computed tomography (CT), X-ray, and others. By treatment type, the market is segmented into surgical treatment, and non-surgical treatment.
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The surgical treatment market is segmented into foraminotomy, laminotomy, interspinous process spacer, microendoscopic decompression, and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, rehabilitation centers, and others.
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
LIST OF TABLES
Table 1 Primary Interviews
Table 2 Global Spinal Cord Compression Market, By Type, 2014-2023 (USD Million)
Table 3 Global Lumbar Spinal Stenosis Market, By Region, 2014-2023 (USD Million)
Table 4 Global Cervical Stenosis Market, By Region, 2014-2023 (USD Million)
Table 5 Global Central Stenosis Market, By Region, 2014-2023 (USD Million)
Table 6 Global Spinal Cord Compression Market, By Diagnosis, 2014-2023 (USD Million)
Table 7 Global Physical Examination Market, By Region, 2014-2023 (USD Million)
LIST OF FIGURES
Figure 1 Global Spinal Cord Compression Market Share, By Type 2017 (%)
Figure 2 Global Spinal Cord Compression Market Share, By Diagnosis, 2016 (%)
Figure 3 Global Spinal Cord Compression Market Share, By Treatment, 2016 (%)
Figure 4 Global Spinal Cord Compression Market, By Region, 2016 (%)
Figure 5 Global Spinal Cord Compression-Spinal Stenosis Market: Market Structure
Figure 6 Research Methodology
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