NEW YORK , Sept. 3, 2022 /PRNewswire/ -- The interspinous spacers market will be driven by factors such as the rising prevalence of spinal disorders. The elderly population is prone to spine disorders such as degenerative disc diseases and spinal stenosis. The rising elderly population in the US will fuel the demand for spine surgeries. For instance, according to the Centers for Disease Control and Prevention (CDC), the number of elderly people aged 65 years or above will reach about 71 million by 2030. This will increase the number of spine disorders and accidents such as fractures and, in turn, drive the market during the forecast period.
The interspinous spacers market size is expected to grow by USD 18.52 million from 2021 to 2026. However, the growth momentum of the market will decelerate at a CAGR of 4.09% during the forecast period, according to Technavio.
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Interspinous Spacers Market Product Outlook (Revenue, USD mn, 2021-2026)
Static - size and forecast 2021-2026
Dynamic - size and forecast 2021-2026
Interspinous Spacers Market Geography Outlook (Revenue, USD mn, 2021-2026)
North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
South America - size and forecast 2021-2026
MEA - size and forecast 2021-2026
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North America will account for 27% of the market's growth during the forecast period. The growth of this region is attributed to factors such as the rising geriatric population with degenerative disc diseases and lumbar spinal stenosis. However, market growth in this region will be slower than the growth of the market in other regions. The US is the key country for the interspinous spacers market in North America .
Key Vendors and their Offerings
Boston Scientific Corp., Globus Medical Inc., Johnson and Johnson, Life Spine Inc., Medtronic Plc, Mikai SpA, Minimus Spine Inc., Nuvasive Inc., Surgalign Holdings Inc., and Zimmer Biomet Holdings Inc. are the main players in the market. The key offerings of some of these vendors are listed below:
Boston Scientific Corp. - The company offers interspinous spacers that provide solutions such as defibrillators, left atrial appendage closure, pacemakers, remote patient, monitoring and diagnostic monitoring, single-use scopes, spinal cord stimulator systems, and stents.
Minimus Spine Inc. - The company offers interspinous spacers that provide solutions such as motion preservation, cervical solutions, anterior and lateral thoracolumbar solutions, posterior thoracolumbar solutions, and biologics solutions.
Johnson and Johnson - The company offers interspinous spacers that provides solutions for arrhythmias, neurovascular, and stroke.
Medtronic Plc - The company offers interspinous spacers that are used in treatments such as balloon kyphoplasty for spinal fractures, bone grafting, bone tumor treatment, cervical disc replacement, cervical fusion, living with scoliosis, sacroiliac joint fusion, spinal cord stimulation for chronic pain, spinal surgical robotics.
Mikai SpA - The company offers interspinous spacers that provide solutions such as TETRAfuse 3D technology, Streamline MIS Spinal Fixation System, Streamline OCT System, and Cervalign Anterior Cervical Plate System.
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Decelerate at a CAGR of 4.09%
North America, Europe, APAC, South America, and MEA
US, China, Germany, UK, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Boston Scientific Corp., Globus Medical Inc., Johnson and Johnson, Life Spine Inc., Medtronic Plc, Mikai SpA, Minimus Spine Inc., Nuvasive Inc., Surgalign Holdings Inc., and Zimmer Biomet Holdings Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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Exhibit 10: Value chain analysis: Healthcare Equipment
Exhibit 11: Offerings of vendors included in the market definition
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
Exhibit 15: Five forces analysis 2021 & 2026
Exhibit 16: Bargaining power of buyers
Exhibit 17: Bargaining power of suppliers
Exhibit 18: Threat of new entrants
Exhibit 21: Market condition - Five forces 2021
The segments covered in this chapter are:
Exhibit 22: Product - Market share 2021-2026 (%)
5.3 Static - Market size and forecast 2021-2026
Exhibit 24: Static - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Static - Year-over-year growth 2021-2026 (%)
5.4 Dynamic - Market size and forecast 2021-2026
Exhibit 26: Dynamic - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Dynamic - Year-over-year growth 2021-2026 (%)
Exhibit 28: Market opportunity by Product
The regions covered in the report are:
Exhibit 30: Market share by geography 2021-2026 (%)
7.3 North America - Market size and forecast 2021-2026
Exhibit 32: North America - Market size and forecast 2021-2026 ($ million)
Exhibit 33: North America - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 34: Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Europe - Year-over-year growth 2021-2026 (%)
7.5 APAC - Market size and forecast 2021-2026
Exhibit 36: APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 37: APAC - Year-over-year growth 2021-2026 (%)
7.6 South America - Market size and forecast 2021-2026
Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 40: MEA - Market size and forecast 2021-2026 ($ million)
Exhibit 41: MEA - Year-over-year growth 2021-2026 (%)
Exhibit 43: Market opportunity by geography ($ million)
8.1.1 Rising prevalence of spinal disorders
8.1.2 Growing number of product launches
8.2.1 High costs associated with spine surgery
8.2.2 Availability of alternate medication options
8.2.3 Risks associated with interventional spine procedures
Exhibit 44: Impact of drivers and challenges
8.3.3 Increasing adoption rate of minimally invasive surgeries
Exhibit 49: Market positioning of vendors
Exhibit 50: Boston Scientific Corp. - Overview
Exhibit 51: Boston Scientific Corp. - Business segments
Exhibit 52: Boston Scientific Corp. - Key offerings
Exhibit 53: Boston Scientific Corp. - Segment focus
Exhibit 54: Globus Medical Inc. - Overview
Exhibit 55: Globus Medical Inc. - Product and service
Exhibit 56: Globus Medical Inc. - Key offerings
Exhibit 57: Johnson and Johnson - Overview
Exhibit 58: Johnson and Johnson - Business segments
Exhibit 59: Johnson and Johnson - Key offerings
Exhibit 60: Johnson and Johnson - Segment focus
Exhibit 61: Life Spine Inc. - Overview
Exhibit 62: Life Spine Inc. - Business segments
Exhibit 63: Life Spine Inc. - Key offerings
Exhibit 64: Life Spine Inc. - Segment focus
Exhibit 65: Medtronic Plc - Overview
Exhibit 66: Medtronic Plc - Business segments
Exhibit 67: Medtronic Plc - Key offerings
Exhibit 68: Medtronic Plc - Segment focus
Exhibit 69: Mikai SpA - Overview
Exhibit 70: Mikai SpA - Product and service
Exhibit 71: Mikai SpA - Key offerings
Exhibit 72: Minimus Spine Inc. - Overview
Exhibit 73: Minimus Spine Inc. - Product and service
Exhibit 74: Minimus Spine Inc. - Key offerings
Exhibit 75: Nuvasive Inc. - Overview
Exhibit 76: Nuvasive Inc. - Business segments
Exhibit 77: Nuvasive Inc. – Key news
Exhibit 78: Nuvasive Inc. - Key offerings
Exhibit 79: Nuvasive Inc. - Segment focus
Exhibit 80: Surgalign Holdings Inc. - Overview
Exhibit 81: Surgalign Holdings Inc. - Business segments
Exhibit 82: Surgalign Holdings Inc. - Key offerings
Exhibit 83: Surgalign Holdings Inc. - Segment focus
Exhibit 84: Zimmer Biomet Holdings Inc. - Overview
Exhibit 85: Zimmer Biomet Holdings Inc. - Business segments
Exhibit 86: Zimmer Biomet Holdings Inc. - Key offerings
Exhibit 87: Zimmer Biomet Holdings Inc. - Segment focus
11.2 Currency conversion rates for US$
Exhibit 88: Currency conversion rates for US$
Exhibit 90: Validation techniques employed for market sizing
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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