Interspinous Spacers Market Analysis

End-user (Hospitals & Clinics, Orthopedic Clinics, Ambulatory Surgical Centers)

The global interspinous spacers market is segmented and analyzed for demand and supply by end-user into hospitals & clinics, orthopedic clinics, and ambulatory surgical centers. Among these segments, the hospitals and clinics segment are attributed to holding the largest market share by the end of 2037 in the global interspinous spacers market owing to the rising number of spinal surgeries carried out in hospitals. Moreover, the growing number of hospitals across the world is expected to augment segment growth over the forecast period. The Organization for Economic Cooperation and Development (OECD) stated that the number of hospitals present in the United States grew from 5,564 in 2015 to 6,090 in 2019. Furthermore, the presence of proper facilities to carry out surgical producers to fit interspinous spacers along with favorable reimbursement policies offered by various hospitals across the globe is another factor expected to impetus a significant revenue generation.

Indication (Lumbar Spinal Stenosis, Degenerative Disc Disease)

The global interspinous spacers market is also segmented and analyzed for demand and supply by indication into lumbar spinal stenosis, degenerative disc disease, and others. Out of these, the lumbar spinal stenosis segment is projected to hold the largest share, backed by rising cases of lumbar spinal stenosis across the world. A recent report suggested that in the United States around 200,000 adults are affected by lumbar spinal stenosis, resulting in considerable pain and disability. Furthermore, the increased requirement of minimally invasive procedures by patients is expected to bring profitable opportunities for segment growth. Also, the rising number of spinal disorders is leading to increased spinal surgeries which again rises the demand for interspinous spacers during treatment procedures.

Our in-depth analysis of the global market includes the following segments: