Interspinous Spacers Market Size to Grow by USD 18.52 Million, Rising Prevalence of Spinal Disorders to Drive Growth

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)

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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Regional Analysis

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.

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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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Table of Contents

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:

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…