USD 72.9 million
Global Interspinous Spacers Market Size, Share, Growth Analysis, By Type(Non-Fusion Interspinous Spacers, and Fusion Interspinous Spacers), By Application(Lumbar Spinal Stenosis, Degenerative Disc Disease) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2824 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Interspinous Spacers Market Insights
Global Interspinous Spacers Market size was valued at USD 72.9 million in 2021 and is poised to grow from USD 76.69 million in 2022 to USD 115.05 million by 2030, growing at a CAGR of 13.1% in the forecast period (2023-2030).
The global interspinous spacers market has been experiencing steady growth in recent years, driven by factors such as the rising prevalence of spinal disorders, increasing geriatric population, and advancements in healthcare technology. Interspinous spacers are medical devices used in the treatment of various spinal conditions, including lumbar spinal stenosis, degenerative disc disease, and spondylolisthesis. These devices provide stability and decompression of the affected spinal segments, offering an alternative to traditional spinal fusion surgery. One of the key factors contributing to the growth of the global Interspinous Spacers market is the growing demand for minimally invasive surgical procedures. Minimally invasive techniques have gained popularity due to their numerous benefits, such as reduced post-operative pain, shorter hospital stays, and faster recovery times.
Interspinous spacers are often used in minimally invasive surgeries, as they allow for the preservation of spinal motion while providing the necessary support and decompression. This trend is expected to drive the adoption of Interspinous Spacers globally. As people age, the risk of developing spinal conditions such as lumbar spinal stenosis and degenerative disc disease increases. Interspinous spacers offer a conservative treatment option for these conditions, providing pain relief and improving functional outcomes. With the rising geriatric population worldwide, the demand for Interspinous Spacers is expected to grow.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Non-Fusion Interspinous Spacers
Growth Rate
13.1% CAGR
Global Interspinous Spacers Market ($ Bn)
Country Share for North America Region (%)
Global Interspinous Spacers By Type ($ Bn)
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Global Interspinous Spacers Market Segmental Analysis
The global interspinous spacers market is segmented based on type, application, and region. Based on type, the market can be segmented into Non-Fusion Interspinous Spacers and Fusion Interspinous Spacers. Based on application, the market is segmented into Lumbar Spinal Stenosis, Degenerative Disc Disease, Spondylolisthesis and Other Applications. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
In the global interspinous spacers market, the dominant type is Non-Fusion Interspinous Spacers. These spacers have gained significant popularity and hold a larger market share compared to Fusion Interspinous Spacers. Non-Fusion Interspinous Spacers offer the advantage of motion preservation while providing stability and decompression for spinal conditions. This type of spacer is often preferred for its ability to maintain spinal mobility, which is particularly important for patients seeking a conservative treatment option.
On the other hand, Fusion Interspinous Spacers, although not as dominant as their non-fusion counterparts, are experiencing rapid growth within the market. Fusion spacers are primarily used in cases where more severe spinal conditions require fusion to achieve spinal stability. Fusion Interspinous Spacers are gaining traction due to advancements in surgical techniques and increasing acceptance of fusion procedures among surgeons and patients.
Analysis by Application
Among the applications of interspinous spacers in the global market, the most dominant application is "Lumbar Spinal Stenosis." Lumbar spinal stenosis is a common condition characterised by the narrowing of the spinal canal in the lower back, leading to compression of the spinal nerves. Interspinous spacers are frequently used in the treatment of lumbar spinal stenosis to alleviate pain, improve mobility, and decompress the affected nerves. The prevalence of lumbar spinal stenosis and the effectiveness of interspinous spacers in its treatment contribute significantly to the dominance of this application in the market.
On the other hand, the fastest-growing application in the global interspinous spacers market is "Degenerative Disc Disease." Degenerative disc disease is a condition caused by the wear and tear of the intervertebral discs, leading to pain and reduced spine flexibility. Interspinous spacers play a crucial role in stabilising the affected disc space, reducing pain, and restoring functionality. The increasing incidence of degenerative disc disease, particularly in the aging population, and the rising adoption of minimally invasive surgical techniques drive the rapid growth of this application.
Global Interspinous Spacers Market By Type, 2023 (%)
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Global Interspinous Spacers Market Regional Insights
In the global interspinous spacers market, North America emerges as the most dominant region. North America has traditionally held a significant market share due to its well-established healthcare infrastructure, high prevalence of spinal disorders, and technological advancements. The region boasts a robust healthcare system that supports the adoption of innovative medical devices, including Interspinous Spacers. Additionally, favourable reimbursement policies and a strong focus on research and development contribute to the dominance of the North American market for Interspinous Spacers.
The fastest-growing region in the global Interspinous Spacers market is the Asia Pacific. The Asia Pacific region is experiencing rapid growth due to several factors. Firstly, the large population base in countries like China and India presents a significant market opportunity. Secondly, increasing healthcare expenditure and improving healthcare infrastructure in the region are driving the demand for advanced medical devices, including Interspinous Spacers. Additionally, a rising awareness of minimally invasive procedures and a growing geriatric population with a higher prevalence of spinal disorders are contributing to the market's growth in the Asia Pacific region.
Global Interspinous Spacers By Geography, 2024-2031
- Largest
- Fastest
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Global Interspinous Spacers Market Dynamics
Drivers
Increasing Prevalence of Spinal Disorders
- The rising prevalence of spinal disorders, such as lumbar spinal stenosis, degenerative disc disease, and spondylolisthesis, is a key driver of the global Interspinous Spacers market. As the aging population continues to grow and lifestyles become more sedentary, the incidence of these conditions is increasing, creating a greater demand for treatment options like Interspinous Spacers.
Restraints
Potential Complications and Adverse Events
- While Interspinous Spacers are generally considered safe and effective, like any medical procedure, they carry a risk of complications and adverse events. These can include infection, device migration, nerve damage, or device-related complications. Concerns over potential risks and adverse events may affect the adoption of Interspinous Spacers among healthcare providers and patients.
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Global Interspinous Spacers Market Competitive Landscape
The competitive landscape of the market is shaped by factors such as product innovation, strategic partnerships, and mergers and acquisitions.Additionally, market players in the Interspinous Spacers market actively engage in marketing and promotional activities to create awareness about their products and services. They invest in comprehensive marketing campaigns, educational initiatives, and participation in medical conferences and events to reach out to healthcare professionals and potential customers. Building strong relationships with surgeons, orthopaedic specialists, and key opinion leaders is essential to drive adoption and generate demand for Interspinous Spacers.
Top Player’s Company Profiles
- Medtronic (Ireland)
- NuVasive, Inc. (US)
- Zimmer Biomet Holdings, Inc. (US)
- Globus Medical, Inc. (US)
- Johnson & Johnson (US)
- Stryker Corporation (US)
- B. Braun Melsungen AG (Germany)
- Orthofix Medical Inc. (US)
- Paradigm Spine, LLC (US)
- Alphatec Holdings, Inc. (US)
- Spine Wave, Inc. (US)
- Xtant Medical Holdings, Inc. (US)
- SI-BONE, Inc. (US)
- RTI Surgical Holdings, Inc. (US)
- Cousin Biotech (France)
- Intelligent Implant Systems LLC (US)
- Signus Medizintechnik GmbH (Germany)
- AESCULAP (Germany)
- ulrich medical (Germany)
- Applied Biologics (US)
Recent Developments
- In May 2023, Spinal Simplicity introduces Minuteman, a safe and minimally invasive interspinous-interlaminar fusion device solution for treating complex spinal and orthopaedic disorders, stabilising thoracic, lumbar, and sacral spine, also helpful for bone grafting.
- In February 2023, Companion Spine SAS invented a non-invasive diagnostic device for treating degenerative disc disease and lumbar spinal stenosis.
- In January 2023, Globus Medical received FDA approval for the G2 Interspinous Process Decompression System, a minimally invasive device for treating spinal stenosis.
- In October 2022, NuVasive announced the launch of the XLIF Interspinous Spacers, a new line of interspinous spacers designed to provide long-term relief of spinal pain.
- In September 2022, Zimmer Biomet received FDA approval for the Prestige LP Interspinous Device, a minimally invasive device for treating spinal stenosis.
Global Interspinous Spacers Key Market Trends
- Motion-preserving non-fusion spacers: Non-fusion interspinous spacers are gaining significant attention and demand due to their ability to preserve spinal motion while providing stability and decompression. This trend is driven by the growing preference for minimally invasive procedures and the recognition of the importance of maintaining spinal mobility in the treatment of various spinal conditions. Non-fusion spacers offer advantages such as reduced risk of adjacent segment degeneration and the potential for faster recovery compared to traditional fusion procedures. Healthcare providers and patients are increasingly opting for non-fusion Interspinous Spacers as a conservative treatment option, contributing to their rising popularity and market growth.
Global Interspinous Spacers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global interspinous spacers market analysis, the increasing prevalence of spinal disorders and the growing demand for minimally invasive treatment options are key drivers for market growth. Interspinous spacers play a crucial role in managing conditions such as spinal stenosis and degenerative disc disease, providing spinal stability and decompression. The market is witnessing advancements in spacer design, materials, and implantation techniques, resulting in improved patient outcomes and reduced surgical invasiveness. The market is also influenced by factors such as the aging population, rising awareness about spinal disorders, and the need for cost-effective treatment options. Interspinous spacers offer several benefits, including pain relief, preservation of spinal motion, and reduced reliance on opioid medications. These factors contribute to the growing adoption of interspinous spacers as an alternative to traditional spinal surgery. In terms of regional analysis, North America holds a significant market share in the Interspinous Spacers market due to the high prevalence of spinal disorders, advanced healthcare infrastructure, and favourable reimbursement policies. Europe is also a prominent region, driven by a rising geriatric population and increasing demand for minimally invasive spinal treatments. Furthermore, the Asia Pacific region is experiencing rapid market growth due to the growing healthcare infrastructure, increasing awareness about spinal disorders, and rising adoption of advanced medical technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 72.9 million |
| Market size value in 2031 | USD 115.05 million |
| Growth Rate | 13.1% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Interspinous Spacers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Interspinous Spacers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Interspinous Spacers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Interspinous Spacers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Interspinous Spacers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Interspinous Spacers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Interspinous Spacers Market Report Snapshots
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