Interspinous Spacers Market by Product and Geography - Forecast and Analysis 2022-2026

Published: Feb 2022 Pages: 120 SKU: IRTNTR72312

The interspinous spacers market share is expected to increase by USD 18.52 million from 2021 to 2026, at a CAGR of 4.09%.

This interspinous spacers market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers interspinous spacers market segmentations by product (static and dynamic) and geography (North America, Europe, APAC, South America, and MEA). The interspinous spacers market report also offers information on several market vendors, including 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. among others.

What will the Interspinous Spacers Market Size be During the Forecast Period?

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Interspinous Spacers Market: Key Drivers, Trends, and Challenges

The rising prevalence of spinal disorders is notably driving the interspinous spacers market growth, although factors such as high costs associated with spine surgery may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the interspinous spacers industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Interspinous Spacers Market Driver

The rising prevalence of spinal disorders is one of the key drivers supporting the interspinous spacers market growth. Spine disorders such as degenerative disc diseases and spinal stenosis are common among the elderly population. With aging, the bones become weak, thereby leading to osteoporosis, which can result in spine fractures. The increasing number of the elderly population in the US will increase the demand for spine surgeries. For instance, according to the Centers for Disease Control and Prevention (CDC), the number of elderly populations aged 65 years or above will double to about 71 million by 2030. With the growing elderly population in the US, the number of spine disorders and accidents such as fractures will increase, which will boost the demand for spine surgeries. This will help drive the market during the forecast period.

Key Interspinous Spacers Market Trend

Technological advances is another factor supporting the interspinous spacers market growth. Technological advance such as 3D printing technology allows a surgeon to design a prosthetic that fits perfectly in a patient's body. It is used for rapid prototyping of surgically implantable products, such as interspinous spacers. Customized 3D-printed implants can be used to treat spinal problems, such as a congenital deformity, severe spinal degeneration, or destruction of the spine from a tumor, which are difficult to reconstruct with the normal spinal implants. Owing to the increasing demand for personalized care, the manufacturers of orthopedic devices are competing to provide patient-specific 3D-printed spinal implants, which will drive the growth of the global spinal implants market during the forecast period.

Key Interspinous Spacers Market Challenge

The high costs associated with spine surgery is hindering the interspinous spacers market growth. For instance, the average cost of spine surgeries can range between $20,000 and $55,000, which depends on the severity of the disease or fracture and facility types. The cost of spine surgeries in Tier-I and Tier-II hospitals is higher when compared with that in other small facilities. This is attributed to the presence of skilled orthopedic surgeons in larger hospitals and specialty clinics and the usage of advanced devices such as orthopedic surgical navigation systems for the placement of interspinous spacers. In some cases, during spine surgical procedures, hardware issues in orthopedic surgical navigation systems can arise. The hardware issues can lead to improper placements of the interspinous spacers. Hence, the patient will have to undergo re-surgery. The reoperation also increases the cost burden to the patients. Such factors are hindering market growth.

This interspinous spacers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the interspinous spacers market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the interspinous spacers market during the forecast period.

Who are the Major Interspinous Spacers Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Boston Scientific Corp.
  • Globus Medical Inc.
  • Johnson and Johnson
  • Life Spine Inc.
  • Medtronic Plc
  • Mikai SpA
  • Minimus Spine Inc.
  • Nuvasive Inc.
  • Surgalign Holdings Inc.
  • Zimmer Biomet Holdings Inc.

 

This statistical study of the interspinous spacers market encompasses successful business strategies deployed by the key vendors. The interspinous spacers market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions and new product development to compete in the market.

Product Insights and News

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, stents

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The interspinous spacers market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Interspinous Spacers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the interspinous spacers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the healthcare equipment includes the following core components:

  • Research and development
  • Inputs
  • Operations
  • Distribution
  • Marketing and sales
  • Post-sales and services
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Interspinous Spacers Market?

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27% of the market's growth will originate from North America during the forecast period. The US is the key market for interspinous spacers market in North America. Market growth in this region will be slower than the growth of the market in other regions.

An expanding geriatric population with degenerative disc diseases and lumbar spinal stenosis will facilitate the interspinous spacers market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 led to the decline in the growth of the interspinous spacers market in the region. US, Canada, and Mexico were affected by these lockdowns and stringent social distancing norms. However, in the first half of 2021, with the gradual decrease in the number of COVID-19 cases, due to active vaccination drive and with the upliftment of nation-wide lockdown, production, and trade of interspinous spacers are rising along with the rise in the number of spinal surgical procedures. This will fuel the demand for interspinous spacers and will boost the growth during the forecast period.

What are the Revenue-generating Product Segments in the Interspinous Spacers Market?

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The interspinous spacers market share growth by the static segment will be significant during the forecast period. The static interspinous spacers dominate the product segment and are expected to maintain their dominance during the projected period. Between the spinous processes of the vertebrae, static devices are implanted. After implantation, the device is opened or stretched to distract (open) the neural foramen and decompress the nerves. In individuals with lumbar spinal stenosis, static interspinous spacers appear to be more cost-effective than a laminectomy. Such a cost-effective factor is expected to drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the interspinous spacers market size and actionable market insights on post COVID-19 impact on each segment.

 

Interspinous Spacers Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.09%

Market growth 2022-2026

$ 18.52 million

Market structure

Fragmented

YoY growth (%)

4.43

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 27%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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.

Market dynamics

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, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Interspinous Spacers Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive interspinous spacers market growth during the next five years
  • Precise estimation of the interspinous spacers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the interspinous spacers industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of interspinous spacers market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape                             

                **2.1 Market ecosystem             

                                *2.1.1    Parent market

                                *Exhibit 08:   Parent market

                                *Exhibit 09:  Market Characteristics

                **2.2 Value chain analysis           

                                *Exhibit 10:  Value chain analysis: Healthcare Equipment

                                *2.2.1    Research and development

                                *2.2.2    Inputs

                                *2.2.3    Operations

                                *2.2.4    Distribution

                                *2.2.5    Marketing and sales

                                *2.2.6    Post-sales and services

                                *2.2.7    Industry innovations

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11:   Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:   Market segments

                **3.3 Market size 2021 

                **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 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15: Five forces analysis 2021 & 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 16: Bargaining power of buyers

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of suppliers

                **4.4 Threat of new entrants    

                                *Exhibit 18: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21:  Market condition - Five forces 2021

***5. Market Segmentation by Product               

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • Static
  • Dynamic

             *Exhibit 22:  Product - Market share 2021-2026 (%)

                **5.2     Comparison by Product

                                *Exhibit 23:  Comparison by Product

                **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 (%)

                **5.5     Market opportunity by Product 

                                *Exhibit 28:  Market opportunity by Product

***6. Customer landscape                         

                **6.1     Overview           

                                *Exhibit 29:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *The regions covered in the report are:

  • North America
  • Europe
  • APAC
  • South America
  • MEA

 

                                *Exhibit 30:  Market share by geography 2021-2026 (%)

                **7.2 Geographic comparison   

                                *Exhibit 31:  Geographic comparison

                **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 (%)

                **7.8     Key leading countries    

                                *Exhibit 42:  Key leading countries

                **7.9     Market opportunity by geography           

                                *Exhibit 43:  Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1    Rising prevalence of spinal disorders

                                *8.1.2    Growing number of product launches

                                *8.1.3    Strategic business partnerships

                **8.2 Market challenges              

                                *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 Market trends      

                                *8.3.1    Technological advances

                                *8.3.2    Presence of contract manufacturers

                                *8.3.3    Increasing adoption rate of minimally invasive surgeries

***9. Vendor Landscape                             

                **9.1     Overview           

                                *Exhibit 45:  Vendor landscape

                **9.2     Landscape disruption    

                                *Exhibit 46:  Landscape disruption

                                *Exhibit 47:  Industry risks

                **9.3     Competitive landscape 

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 48:  Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 49:  Market positioning of vendors

                **10.3  Boston Scientific Corp.  

                                *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

                **10.4  Globus Medical Inc.        

                                *Exhibit 54:  Globus Medical Inc. - Overview

                                *Exhibit 55:  Globus Medical Inc. - Product and service

                                *Exhibit 56:  Globus Medical Inc. - Key offerings

                **10.5  Johnson and Johnson    

                                *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

                **10.6  Life Spine Inc.   

                                *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

                **10.7  Medtronic Plc   

                                *Exhibit 65:  Medtronic Plc - Overview

                                *Exhibit 66:  Medtronic Plc - Business segments

                                *Exhibit 67:  Medtronic Plc - Key offerings

                                *Exhibit 68:  Medtronic Plc - Segment focus

                **10.8  Mikai SpA           

                                *Exhibit 69:  Mikai SpA - Overview

                                *Exhibit 70:  Mikai SpA - Product and service

                                *Exhibit 71:  Mikai SpA - Key offerings

                **10.9  Minimus Spine Inc.         

                                *Exhibit 72:  Minimus Spine Inc. - Overview

                                *Exhibit 73:  Minimus Spine Inc. - Product and service

                                *Exhibit 74:  Minimus Spine Inc. - Key offerings

                **10.10                Nuvasive Inc.    

                                *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

                **10.11                Surgalign Holdings Inc.  

                                *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

                **10.12                Zimmer Biomet Holdings Inc.     

                                *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. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 Objective

                                *11.1.3 Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 88:  Currency conversion rates for US$

                **11.3 Research Methodology 

                                *Exhibit 89:  Research Methodology

                                *Exhibit 90:  Validation techniques employed for market sizing

                                *Exhibit 91:  Information sources

                **11.4 List of abbreviations        

                                *Exhibit 92:  List of abbreviations

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

                               

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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