SEATTLE, July 26, 2021, (MEDGADGET) — Interspinous spacers, which is also known as interspinous process decompression systems, are advance medical devices embedded between vertebral spinous processes. These type of spacers are manufactured by using titanium, the strongest and a bit lightweight metal which is biocompatible in human body. The condition of thinning Lumbar spinal stenosis gradually increases with age, it is a thinning of a spinal canal in the lower back of the body by which it also causes compression on the nerves. Thus radiology tests are used to affirm the diagnosis of moderate degenerative lumbar spinal stenosis. Growing prevalence of spinal stenosis due to aging and high demand for minimal invasion surgery is expected to drive the interspinous spaces market development.
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Interspinous Spacers Market – Drivers
Expanding product endorsements from administrative bodies is likely to drive the interspinous spacers market development during the estimated period. For example, in 2015, the U.S. Food and Drug Administration (FDA) accepted Superion InterSpinous Spacer of VertiFlex Inc., which is the developer of advanced minimally invasive interventions for spinal stenosis.
Many reimbursement policies is expected to drive the interspinous spacers market development during the forecast period. For example, in 2018, Paradigm Spine, a company specializing in the treatment of lumbar spinal stenosis, announced the issuance of a large coverage medical policy from BlueCross BlueShield covering its coflex device for the careful treatment of lumbar spinal stenosis.
Interspinous Spacers Market –Restraints
The complications associated to the lumbar spinal fusion in older patients with spinal stenosis which is a major factor restraining the interspinous spacers market growth. For example, according to the American Association of Neurological Surgeons’ study on complication related to 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 about 1 in every 4 patients was readmitted for a surgery-related complication in US.
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Interspinous Spacers Market – Regional Analysis
The market of the interspinous spacers is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa where North America is expected to hold dominant position in the global 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 reported, around 250,000-500,000 U.S. residents show symptoms of spinal stenosis which 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.
Asia Pacific is the fastest-growing market for interspinous spacers, due to increasing healthcare expenditure. For example, 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.
Interspinous Spacers Market -Competitive Landscape
Key players operating in the interspinous spacers market include, Alphatec Spine, Inc., Globus Medical, Inc., Life Spine, Medtronic, Mikai S.p.A, NuVasive, Inc., Paradigm Spine, Synthes GmbH, Vertiflex, Inc., and Zimmer Biomet.
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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)
- Lumbar Spinal Stenosis
- Degenerative Disc Diseases
- Ambulatory Surgery Centers
- Orthopedic Clinics
- North America
- Latin America
- Asia Pacific
- Middle East
Table of Content
Global Interspinous Spacers Market Research Report
Section 1: Global Interspinous Spacers Industry Overview
Section 2: Global Economic Impact on Interspinous Spacers Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Interspinous Spacers Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Interspinous Spacers Market Forecast
Other Exclusive Reports:
Interspinous Process Decompression Devices Market by Product Type (X-STOP, DIAM, Coflex, Wallis, and Others) by Flexibility (Compressible and Non-compressible), By End User (Hospital and Ambulatory Surgical Centers) – Size, Share, Outlook and Opportunity Analysis 2018 – 2026
Laboratory Sieve Shaker Market, by Product Type (Mechanical Sifters, Automated Sifters, UltraSonic Sifters, Electromagnetic Sifters, Gyratory Motion Sifters, Air Jet Sifters, and Others), by Components (Seal Gaskets, Adaptors, Diaphragms, Spacers, and Others), by End User (Pharmaceutical & Biotechnology Companies, Research Institutes, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
Motion Preservation Devices Market, by Product Type (Prostheses Devices, Annulus Repair Devices, Fusion Devices (Thoracic Fusion, Cervical Fusion, and Lumbar Fusion), Non-fusion Devices (Artificial Discs (Cervical Discs and Lumbar Discs) and Dynamic Stabilization Devices (Facet Replacement Products, Pedicle screw-based Systems, and Interspinous Process Spacers)), by End User (Clinics, Hospitals, Ambulatory Surgical Centers, Orthopedics Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
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