Pune, India — 01/15/2018 — The Global Spinal Cord Compression-Spinal Stenosis Market is expected to reach $ 8.5 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 11.5 % during 2017-2023.
Spinal stenosis is the abnormal narrowing of spinal canal causing it to restrict, which may result in a neurological deficit due to interference with neurological fibres. The associated symptoms include pain, numbness, loss of motor control etc. The location of stenosis determines the area of the body affected.
The market for spinal cord compression-spinal stenosis is rising due to factors such as rise in the cases of arthritis, congenital spinal defects, instability of the spine, and slip-disc due to reasons such as spondylitis, trauma and tumours. The market restraints are complications such as infection, pain and cost of treatment.
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Key players of Global Spinal cord compression-spinal stenosis Market:
Key players profiled in the report are Medtronic Inc., Stryker Corporation, Orthofix International N.V., Kyphon Inc., Zimmer Biomet, Paradigm Spine LLC, Alphatec Holdings Inc., K2M Group Holdings Inc., and LDR Holding Corporation and others.
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global spinal cord compression-spinal stenosis. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
The global spinal cord compression-spinal stenosis market is segmented on the basis of indications, diagnosis and treatment, implants and end users. Based on indications, the market has been segmented as foraminal stenosis, lumbar spinal stenosis, cervical stenosis, central stenosis and others. Based on the diagnosis, the market has been segmented as physical examination, imaging (magnetic resonance imaging (MRI), computed tomography (CT), x-ray, others) and others.
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Based on the treatment, the market has been segmented as surgery (laminectomy, laminoplasty, foraminotomy, interspinous process spacer, micro endoscopic decompression and others), drug class (non-steroidal anti-inflammatory drugs, steroids, opiates, others), therapy (physical therapy, heating pad and cold compress, others) and others. Based on the implants, the market has been segmented as cages, screws, rods, spacers, plates and discs, grafts and others. Based on the end users, the market has been segmented as hospitals and clinics, academic and research and others.
Market Factor Analysis
Global Spinal Cord Compression-Spinal Stenosis Market, By Indications
Global Spinal Cord Compression-Spinal Stenosis Market, By Diagnosis
Global Spinal Cord Compression-Spinal Stenosis Market, By Treatment
Global Spinal Cord Compression-Spinal Stenosis Market, By Implants
Global Spinal Cord Compression-Spinal Stenosis Market, By End Users
Global Spinal Cord Compression-Spinal Stenosis Market, By Region
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