#interspinous

The Interspinous Spacers Market size is forecast to reach $117.4 million by 2027 and is expected to grow at a CAGR of 4.9% during the forecast period 2022-2027. Interspinous spacers, also knowns as Interspinous Process Decompression systems (IPD), are small implant devices that are inserted into the back of a spine for the treatment of Spinal ailments such as Spinal Canal Stenosis and Degenerative Disc Diseases. The Spacers create more space for the spinal cord and nerves in the spinal columns without the removal of any bone. This in turn minimizes trauma to the muscles and ligaments. The Interspinous Spacers Market has been driven by advances made in the field of minimal invasive surgeries. Moreover, the increasing number of geriatric populations worldwide has led to rising cases of spinal diseases such as Arthritis, which has further pushed the demand for Interspinous Spacers.

Interspinous Spacers Market Report Coverage

The report: “Interspinous Spacers Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Interspinous Spacers Market.

By Product Type: Static Spacers (Non-Compressible), Dynamic Spacers (Compressible)By Application: Degenerative Disk Disease, Spinal Canal Stenosis, Others

By End User: Hospitals & Clinics, Ambulatory Surgical Centers, Orthopedic Clinics and Others

By Geography: North America (U.S, Canada, Mexico, Rest of North America), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Europe (U.K, Germany, Italy France, Spain, Netherlands, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, South Korea, Rest of Asia Pacific), Rest of the World (Middle East and Africa)

Inquiry Before Buying : https://www.industryarc.com/reports/request-quote?id=511276

Key Takeaways

Geographically, The North American Interspinous Spacers market accounted for the highest revenue share in 2021. This is owing to the rapid approval of Interspinous Spacer products by the U.S. Food and Drug Administration as well as the rising instances of spinal osteoarthritis in the region.

The Interspinous Spacer Procedure is a minimally invasive surgical procedure that involves the implantation of a titanium spacer through a tube, via a small incision. The rising inclination of the masses towards minimally invasive and non-invasive surgery has therefore driven the Interspinous Spacers Market.

Interspinous Spacers Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Interspinous Spacers Market report.

Request For Sample : https://www.industryarc.com/pdfdownload.php?id=511276

Interspinous Spacers Market Segment Analysis – By Product Type

The Interspinous Spacers Market based on Product type can be segmented into Static Spacers and Dynamic Spacers. The Static Spacers segment has the largest share in the Interspinous Spacers Market in 2021 growing at a CAGR of 6.2% during the forecast period 2022-2027, owing to their cost-effectiveness. Additionally, Static Spacers are preferred over Dynamic spacers for Laminectomy in patients suffering from lumbar spinal stenosis. The demand for Laminectomy has been increasing worldwide, owing to the rising prevalence of neck pain among the geriatric population.

However, Dynamic Spacers is the fastest-growing segment and will witness the highest CAGR during the forecast period 2022-2027. This is owing to the increased demand for Dynamic Spacers in the treatment of people suffering from neurogenic intermittent claudication. Dynamic Spacers are also the preferred means of treatment for lumbar stenosis from the L1 to L5 vertebrae in skeletally mature patients.

Interspinous Spacers Market Segment Analysis – By Application

The Interspinous Spacers Market based on Application can be segmented into Degenerative Disk Disease, Spinal Canal Stenosis, and Others. Spinal Canal Stenosis had the largest share in the Interspinous Spacers Market in 2021, growing at a CAGR of 5.7%. This is owing to the rising cases of Spinal stenosis led by an increasing percentage of the geriatric population worldwide. Studies by the Late W H Kirkaldy-Willis, a pioneer in modern spine care, show that the disease is becoming increasingly preoccupant amongst people who cross the 50-year mark.

However, Degenerative Disk Disease is the fastest-growing segment during the forecast period of 2022-2027. Degenerative Disk Disease caused due to natural age-related wear-and-tear and is almost certainly amongst the geriatric population. A study by the National Institutes of Health (NIH) shows that 40% of people aged 40 years and above have the disease while over 75% of patients are prone to it by the age of 80. An increasing population of elderly people is thus driving the segment.

Interspinous Spacers Market Segment Analysis – By Geography

The Global Demand for Vein Finders Market based on Geography can be segmented into North America, South America, Europe, Asia-Pacific, and Rest of the World. The North American region dominated the Interspinous Spacers market in 2021 with a market share of 39%. This is owing to the rising instances of lumbar spinal stenosis in the region, which has been attributed to lifestyle changes. Moreover, the region is set to witness an increase in the geriatric population. A study by the U.S. Department of Health and Human Services shows that the percentage of the population over the age of 65 will have a share of almost 22% within 2040. Further, Senior Citizens will make up almost 25% of Canada’s population by 2030, as per the Government of Canada.

However, Asia Pacific is the fastest-growing segment during the forecast period of 2022-2027 owing to the increasing case of Degenerative Lumbar Spine Disease in the region. As per the NIH, Asia Pacific records more than 200 million cases of the disease every year. Moreover, Asia has slowly become the hotspot of Minimally Invasive Surgery due to the advances and investments made in the healthcare sector. This is driving the growth of the Interspinous Spacers Market in the region.

Interspinous Spacers Market Drivers

Interspinous Spacers occupy the market share of primitive treatment methods due to minimally invasive methodologyThe use of minimally invasive interspinous process devices (IPD), such as interspinous distraction devices (IDD) and interspinous stabilizers (ISS), and interspinous spacers, to treat symptomatic lumbar canal stenosis (LCS) is becoming more common. The Interspinous Spacer Procedure involves a minimally invasive titanium spacer, which is implanted through a tube inserted by a small incision in the lower back, and the patient is only required to be given local anesthesia for treatment. On the contrary, formal non-surgical therapies and decompressed surgery often led to fatal repercussions post-treatment or after surgery. A study by NIH shows that only 60% of the people felt improvement, while only 30% felt improvement in opting for non-surgical therapies. The complications post-surgery was seen in diseases such as postoperative hematoma formation, neurological disabilities, and problems with wound healing. The advent of interspinous spacers has helped ease these issues with minimally invasive surgeries and has thereby garnered significant demand.

Growing percentage of the geriatric population will push the Interspinous Spacers Market forwardInterspinous Spacers are regularly utilized on people with long-term health problems like diabetes, obesity, and lung disorders. The geriatric population has been expanding in almost all regions, including ten countries that will be classified as "aging countries" rather than the previous eight. Similarly, by 2050, 11 countries will be super-aged, compared to only one in 2020. Growing old will supplant concerns like cardiovascular disease, and such individuals would be unable to have voluntary surgical procedures. In situations like these, Interspinous Spacers can help, and the chance of death after surgery can be reduced by as much as 10%, which is much lower than conventional therapeutic methods.

Interspinous Spacers Market Challenges

Complications associated with IPD devices may hamper market growthInterspinous or interlaminar spacers, in contrast to laminectomy, change the spinous processes from naturally tension-bearing structures to compression-loading structures. This can result in Spinous process fractures, an uncommon but well-known consequence of IPD implantation. According to a study published in the Journal of Spine Surgery (JSS), there is an 80% chance of heterotopic bone development at 24–57 months following an IPD implantation. Device dislocation and malposition, spinous process erosion, infection, hemorrhage, and neurological sequelae are among the other consequences of IPD implantation. This could stifle the market for interspinous spacers.

Buy Now : https://www.industryarc.com/purchasereport.php?id=511276

Interspinous Spacers Industry Outlook

Product Launch and Acquisitions were the key strategies adopted by players in the Interspinous Spacers Market. In 2022, the Interspinous Spacers Market share is consolidated by the top ten players present in the market. Interspinous Spacers top 10 companies include:

Globus Medical Inc.

NuVasive Inc.

Life Spine Inc.

Paradigm Spine

Medtronic

Boston Scientific

Zimmer Biomet

Mikai S.p.A,

Synthes GmbH

Alphatec Spine, Inc.

Recent Developments

In November 2020, NuVasive Inc. launched their new C360™ cervical spinal products, which also included the commercial launch of the Anterior Cervical Plating (ACP) system, featuring the thinnest plate on the market at 1.6 mm.

In May 2019, Globus Medical Inc., launched AERIAL, a minimally invasive expandable interspinous fixation system with independent locking plates. The product will cater to patients undergoing spinal fusion and in need of an additional degree of stability.

In May 2019, Boston Scientific acquired Veriflex. The acquisition was made in order to gain control of the pain management product portfolio.

Relevant Titles:

Lumbar Spine Fusion Market – Forecast (2022 - 2027)

Report Code: HCR 25346

Minimally Invasive Spine Surgery Market - Forecast(2022 - 2027)

Report Code: HCR 43262

Spinal Implants And Surgical Devices Market – Forecast (2022 - 2027)

Report Code: HCR 81708

For more Lifesciences and Healthcare Market reports, please