InterspinousSpacers Market, by Product Type (Static (Non-compressible Spacers) and Dynamic(Compressible Spacers), by Indication (Lumbar Spinal Stenosis and DegenerativeDisc Diseases), by End User (Hospitals, Ambulatory Surgery Centers, andOrthopedic Clinics), and by Region (North America, Latin America, Europe, AsiaPacific, Middle East, and Africa) - Size, Share, Outlook and OpportunityAnalysis, 2019-2026
Interspinous spacers, also knownas interspinous process decompression systems, are devices implanted betweenvertebral spinous processes. These spacers are made up of a very strong butlightweight metal (titanium), which is biocompatible in the human body. Lumbarspinal stenosis is a thinning of the spinal canal in the lower back, whichcauses compression on nerves. The condition develops gradually with age.Radiology tests are used to confirm the diagnosis of moderate degenerativelumbar spinal stenosis. Increasing prevalence of spinal stenosis due to agingand high demand for minimal invasive surgery is expected to drive theinterspinous spacers market growth.
Interspinous Spacers Market –Drivers
Increasing product approvals fromregulatory bodies is expected to drive the interspinous spacers market growthduring the forecast period. For instance, in 2015, the U.S. Food and DrugAdministration (FDA) approved Superion InterSpinous Spacer of VertiFlex Inc.,VertiFlex Inc. is developer of advanced minimally invasive interventions forspinal stenosis.
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Moreover, favorable reimbursementpolicies is also expected to drive the interspinous spacers market growthduring the forecast period. For instance, in 2018, Paradigm Spine, a companyspecializing in the treatment of lumbar spinal stenosis, announced the issuanceof a broad coverage medical policy from BlueCross BlueShield covering itscoflex device for the surgical treatment of lumbar spinal stenosis.
Interspinous Spacers Market–Restraints
However, complications associatedwith lumbar spinal fusion in older patients with spinal stenosis is a majorfactor restraining the interspinous spacers market growth. For instance,according to the American Association of Neurological Surgeons’ study oncomplication associated with lumbar spinal stenosis in 2014, 1 in every 6elderly patients treated with lumbar spinal stenosis underwent reoperation onthe spine within two years of surgery and nearly 1 in every 4 patients wasreadmitted for a surgery-related complication in the US.
Interspinous Spacers Market-Regional Analysis
On the basis of region, theinterspinous spacers market is segmented into North America, Latin America,Europe, Asia Pacific, Middle East, and Africa. North America is expected tohold dominant position in the Interspinous Spacers Market over the forecastperiod, owing to increasing geriatric population with spinal stenosis. Forinstance, according to American Institute of Minimally Invasive Surgery (AIMIS)2017 report, around 250,000-500,000 U.S. residents show symptoms of spinalstenosis.
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This represents around 1 per 1000persons older than 65 years and around 5 of every 1000 persons older than 50years. Around 70 million people in the U.S. are older than 50 years of age.
Asia Pacific is the fastestgrowing market for interspinous spacers, owing to increasing healthcareexpenditure. For instance, according to the Ministry of Health, Labor andWelfare of Japan, US$ 374.12 billion was invested in the healthcare sector inJapan in 2017.
Interspinous Spacers Market-Competitive Landscape
Key players operating in theinterspinous 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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