Interspinous Spacers Market Size (2024 - 2029)

The interspinous spacers market is projected to experience growth over the forecast period, recovering from the initial adverse impacts of the COVID-19 pandemic. The resumption of non-urgent medical treatments and elective spine surgeries is expected to drive the market's expansion. Additionally, the increasing geriatric population and the demand for minimally invasive spinal procedures are contributing to the market's growth. Technological advancements in the field are further enhancing demand, although complications associated with lumbar spinal fusion may pose challenges to market expansion.

Market Size of Interspinous Spacers Industry

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Interspinous Spacers Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 5.40 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Interspinous Spacers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Interspinous Spacers Market Analysis

The Interspinous Spacers market is expected to register a CAGR of 5.4% over the forecast period.

The COVID-19 pandemic has had an adverse impact on the Interspinous Spacers market initially. The sudden outbreak of the contagious viral infection and the absence of any medication or vaccine led to a lockdown globally. The non-COVID treatment, such as surgical interventions and non-urgent medical treatment, was temporarily postponed or canceled. Also, the risk of the virus reduced the number of patients visiting the hospital for non-COVID issues. The interspinous spacers are used in spinal surgeries, which was also adversely impacted by the COVID-19 restrictions. According to a study published in the Journal of Orthopaedic Trauma in December 2021, there was a reduction of over 20% in acute spinal referrals from UK emergency departments during the COVID-19 lockdown initial phase. A study published in the Spine Journal in July 2021 stated that over one-third of elective spine, surgeries were canceled, as per their study, due to COVID-19.

However, in the post-pandemic with the lifting of the lockdown and the resumption of the non-COVID, non-urgent treatment, surgeries, and procedures, the interspinous space market is expected to regain its growth pace as it was in the pre-pandemic period. American Academy of Orthopaedic Surgeons in 2021 stated that the non-essential orthopedic surgeries which were postponed in the United States due to COVID-19 had been resumed across the country. Thus, the COVID-19 outbreak has adversely impacted the market's growth in its preliminary phase. Moreover, the market is expected to grow further at a stable pace with the resumption of elective spine surgeries and treatment, which would gradually increase the use of interspinous spacers globally.

Further, the interspinous spacer has a higher occurrence in the geriatric population. As the geriatric population is increasing globally, and there is an increasing demand for minimally invasive procedures for spinal stenosis that has helped in the growth of this market. According to the World Health Organization report (WHO) report in 2020, by 2030, 1 out of every six people on the planet will be 60 years old or older. The number of people aged 60 and up is expected to rise from 1 billion in 2020 to 1.4 billion by 2050. By 2050, the global population of people aged 60 and above will double to reach 2.1 billion. Between 2020 and 2050, the number of people aged 80 and above is expected to triple, reaching 426 million.

In addition, there are also increasing technological advancements seen in this field; therefore, the demand for interspinous spacers is increasing. However, compilations related to the interspinous spacer, especially in the older population, have been restraining the overall growth of the market. Therefore, owing to the aforementioned factors, the studied market is anticipated to witness growth over the analysis period. However, the complications associated with lumbar spinal fusion are likely to impede the market growth.

Interspinous Spacers Industry Segmentation

As per the scope of the report, Interspinous spacers, also known as interspinous process decompression systems, are devices implanted between vertebral spinous processes. These spacers are made up of a very strong but lightweight metal that is biocompatible to the human body. The Interspinous Spacers Market is segmented by Type (Static and Dynamic), Application (Lumbar Spinal Stenosis and Degenerative Disc Diseases), End-User (Hospitals, Orthopedic Clinics, and Ambulatory Surgical Centers (ASCs)), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Type
Static (Non-compressible Spacers)
Dynamic (Compressible Spacers)
By Application
Lumbar Spinal Stenosis
Degenerative Disc Diseases
Others
By End-User
Hospitals
Orthopedic Clinics
Ambulatory Surgical Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Interspinous Spacers Market Size Summary

The interspinous spacers market is poised for growth, driven by the increasing demand for minimally invasive spinal procedures, particularly among the geriatric population. The market experienced initial setbacks due to the COVID-19 pandemic, which led to the postponement of non-urgent surgeries and a decrease in hospital visits for non-COVID-related issues. However, with the resumption of elective spine surgeries and advancements in technology, the market is expected to regain its pre-pandemic growth trajectory. The rising prevalence of lumbar spinal stenosis, a condition more common in older adults, further fuels the demand for interspinous spacers. These devices are gaining traction for their effectiveness in managing spinal stenosis by reducing pain and improving mobility, thereby enhancing the quality of life for elderly patients.

North America is anticipated to dominate the interspinous spacers market due to its substantial geriatric population and significant healthcare expenditure. The region's well-developed healthcare infrastructure and investment in research and development facilitate the availability of advanced treatments, attracting global players to establish a presence there. The market is moderately consolidated, with key players like Life Spine, Inc., Boston Scientific, and Globus Medical, Inc. leading the charge. Recent regulatory approvals for innovative spacer systems and robotic surgical systems underscore the ongoing technological advancements in the field. These developments, coupled with the increasing prevalence of spinal conditions, are expected to drive the market's growth in the coming years.

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Interspinous Spacers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand for Minimally Invasive Solutions

      2. 1.2.2 Increasing Geriatric Population

      3. 1.2.3 Growth in Research and Technological Advancements in Interspinous Spacers

    3. 1.3 Market Restraints

      1. 1.3.1 Complications associated with Lumbar Spinal Fusion

    4. 1.4 Porter Five Forces

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Type

      1. 2.1.1 Static (Non-compressible Spacers)

      2. 2.1.2 Dynamic (Compressible Spacers)

    2. 2.2 By Application

      1. 2.2.1 Lumbar Spinal Stenosis

      2. 2.2.2 Degenerative Disc Diseases

      3. 2.2.3 Others

    3. 2.3 By End-User

      1. 2.3.1 Hospitals

      2. 2.3.2 Orthopedic Clinics

      3. 2.3.3 Ambulatory Surgical Centers

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Interspinous Spacers Market Size FAQs

The Interspinous Spacers Market is projected to register a CAGR of 5.40% during the forecast period (2024-2029)

Boston Scientific, Globus Medical Inc, Johnson & Johnson, Life Spine, Inc. and ATEC Spine, Inc are the major companies operating in the Interspinous Spacers Market.

Interspinous Spacers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)