Interspinous
Spacers Market, by Product Type (Static (Non-compressible Spacers) and Dynamic
(Compressible Spacers), by Indication (Lumbar Spinal Stenosis and Degenerative
Disc Diseases), by End User (Hospitals, Ambulatory Surgery Centers, and
Orthopedic Clinics), and by Region (North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa) - Size, Share, Outlook and Opportunity
Analysis, 2019-2026
Interspinous spacers, also known
as interspinous process decompression systems, are devices implanted between
vertebral spinous processes. These spacers are made up of a very strong but
lightweight metal (titanium), which is biocompatible in the human body. Lumbar
spinal stenosis is a thinning of the spinal canal in the lower back, which
causes compression on nerves. The condition develops gradually with age.
Radiology tests are used to confirm the diagnosis of moderate degenerative
lumbar spinal stenosis. Increasing prevalence of spinal stenosis due to aging
and high demand for minimal invasive surgery is expected to drive the
interspinous spacers market growth.
Interspinous Spacers Market –
Drivers
Increasing product approvals from
regulatory bodies is expected to drive the interspinous spacers market growth
during the forecast period. For instance, in 2015, the U.S. Food and Drug
Administration (FDA) approved Superion InterSpinous Spacer of VertiFlex Inc.,
VertiFlex Inc. is developer of advanced minimally invasive interventions for
spinal stenosis.
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Moreover, favorable reimbursement
policies is also expected to drive the interspinous spacers market growth
during the forecast period. For instance, in 2018, Paradigm Spine, a company
specializing in the treatment of lumbar spinal stenosis, announced the issuance
of a broad coverage medical policy from BlueCross BlueShield covering its
coflex device for the surgical treatment of lumbar spinal stenosis.
Interspinous Spacers Market
–Restraints
However, complications associated
with lumbar spinal fusion in older patients with spinal stenosis is a major
factor restraining the interspinous spacers market growth. For instance,
according to the American Association of Neurological Surgeons’ study on
complication associated with 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 1 in every 4 patients was
readmitted for a surgery-related complication in the US.
Interspinous Spacers Market
-Regional Analysis
On the basis of region, the
interspinous spacers market is segmented into North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa. North America is expected to
hold dominant position in the Interspinous Spacers 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 report, around 250,000-500,000 U.S. residents show symptoms of spinal
stenosis.
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This 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, owing to increasing healthcare
expenditure. For instance, 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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