Market Highlights —
The spinal cord compression-spinal stenosis market is chiefly driven by rise in cases of arthritis, congenital spinal defects, instability of the spine, slip discs due to reasons such as spondylitis, trauma, tumours etc. The increasing penetration of spinal and orthopaedic hospitals and the rising rates of screening is driving the market growth.
According to the Agency for Healthcare Research and Quality of the U.S. Department of Health & Human Services, 23% of low back pain affect patients over 65 years of age. Minimally invasive spine surgery is another development which reduces the stay of hospitals and pain associated with the surgical procedure due to lesser trauma. Minimally invasive spine surgery is performed by making small incisions with the assistance of a microscope, endoscope, tiny camera and miniature surgical instruments. As the success of minimally invasive spine surgery is highly dependent on the skill of the surgeons, scarcity of skilled surgeons is acting as a constraint on the global spinal cord compression-spinal stenosis market.
Considering all these factors the market for spinal cord compression-spinal stenosis 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.
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Key players of Global Spinal cord compression-spinal stenosis Market:
• Medtronic Inc.,
• Stryker Corporation,
• Orthofix International N.V.,
• Kyphon, Inc.,
• Zimmer Biomet ,
• Paradigm Spine LLC,
• Alphatec Holdings, Inc.,
• K2M Group Holdings, Inc.,
• LDR Holding Corporation
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Spinal Cord Compression-Spinal Stenosis Market Research Report- Global Forecast till 2023”
The spinal cord compression-spinal stenosis market has been led by the U.S. followed by Europe. The reasons for the dominance of U.S. is the high per capita income, faster uptake of new technology, growing awareness etc. The presence of large companies and good reimbursement scenario in the U.S. is also a strong driver of the market.
The U.S. spinal cord compression-spinal stenosis is dependent on the legal and regulatory environment includes factors such as labelling standards, FDA classification rules etc. There is a situation of worsening regulatory and reimbursement environment. The situation has been compounded by the uncertainty of healthcare reforms. The uncertainty has forced many spinal implants devices companies to first obtain marketing approval of new products in non-U.S. markets, particularly Europe. The U.S. food and drug administration (FDA) classifies medical devices into Class I, II, and III with regulatory control increasing from Class I to Class III, based on the need to provide reasonable assurance of its safety and effectiveness.
The global spinal cord compression-spinal stenosis market is segmented
Segmentation on the basis of indications, diagnosis and treatment, implants and end users. Segmentation on the basis indications, the market has been segmented as foraminal stenosis, lumbar spinal stenosis, cervical stenosis, central stenosis and others.
Segmentation on the basis of diagnosis, the market has been segmented as physical examination, imaging (magnetic resonance imaging (MRI), computed tomography (CT), x-ray, others) and others.
Segmentation on the basis of 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.
Segmentation on the basis of implants, the market has been segmented as cages, screws, rods, spacers, plates and discs, grafts and others.
Segmentation on the basis of end users, the market has been segmented as hospitals and clinics, academic and research and others.
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Table of Content
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3. Market Dynamics
3.4 Macroeconomic Indicators
4. Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
5. Global Spinal Cord Compression-Spinal Stenosis Market, By Indications
5.1 Foraminal Stenosis
5.2 Lumbar Spinal Stenosis
5.3 Cervical Stenosis
5.4 Central Stenosis
6. Global Spinal Cord Compression-Spinal Stenosis Market, By Diagnosis
6.2 Physical Examination
6.3.1 Magnetic Resonance Imaging (Mri)
6.3.2 Computed Tomography (Ct)
7. Global Spinal Cord Compression-Spinal Stenosis Market, By Treatment
7.2.4 Interspinous Process Spacer
7.2.5 Micro Endoscopic Decompression
7.3 Drug Class
7.3.1 Non-Steroidal Anti-Inflammatory Drugs
7.4.1 Physical Therapy
7.4.2 Heating Pad And Cold Compress
8. Global Spinal Cord Compression-Spinal Stenosis Market, By Implants
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