Intervertebral Spacers Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3209
Intervertebral spacers market size is expected to grow significantly from 2019 to 2025.
Rising incidences of vertebral damage due to accidents, trauma cases and degenerative diseases will propel intervertebral spacers market growth. Intervertebral spacers are currently being used in treatment of several degenerative diseases. For instance, decompressive laminectomy is performed by using intervertebral spacers for treatment of spondylolisthesis. Increasing prevalence of such diseases due changing lifestyle is expected to increase intervertebral spacers demand.
Geriatric population is rapidly expanding in developed economies in Europe and North America region from last few decades and scenario is likely to remain so over the forecast timeframe. Chances of acquiring degenerative diseases such as osteoporosis exponentially increase with the increasing age. Geriatric population often require intervertebral spacers for treatment such diseases. As a result, demand for intervertebral spacers expected to grow with increasing geriatric population in foreseeable future. However, high cost of the treatment may hamper intervertebral spacers market growth to some extent.
Titanium spacers will witness robust growth over the forecast timeframe. Titanium is lightweight material with high biocompatibility. It has enough mechanical strength and is widely known for long-term stability. Titanium is radio opaque material that further makes it compatible with human body. Aforementioned advantages of titanium compared to other available materials will augment its demand over forecast timeframe driving the segment growth.
Degenerative disc disease segment will witness robust growth due to growing geriatric population base. Degenerative diseases are highly prevalent in geriatric population. It is estimated that, people aged 80 years or more has around 80% chance of getting degenerative disc disease. Intervertebral spacers are often used for surgical treatment of these diseases. Thus, rising geriatric patient pool suffering from degenerative diseases will foster the segment growth.
Ambulatory surgical centers segment is forecasted to show robust growth rate during the forecast period. Several advantages of ambulatory care such as minimized risk of hospital-acquired infections, shorter hospital stay, quality care and cost effectiveness will favor segmental growth. Moreover, inclination of patients towards day care surgeries due to easy and rapid recovery from operations will augment segmental growth.
North America intervertebral spacers market accounted for significant revenue share due to high adoption and awareness pertaining to availability of sophisticated surgical procedures for treatment of degenerative diseases. Favorable demographic trend such as aging population and consequent rise in prevalence of degenerative diseases coupled with strong foothold of leading industry players will drive the regional growth.
Asia Pacific intervertebral spacers market will witness lucrative growth during the forecast period. Japan is predicted to have largest share while china is forecasted to grow rapidly in the Asia Pacific region. Large patient pool coupled with increasing disposable income in the developing economies of Asia Pacific are predicted to generate huge demand for intervertebral spacers rendering significant positive impact on industry growth.
Some of the major industry players operating in the intervertebral spacers market include Universal Orthosystems, Globus Medical Inc., DePuy Synthes, Orthoneu Surgicals, LaserCUSING, AcroMed, Weber, Aesculap, Intromed, and Medinorm. Strategic partnerships, merger and acquisition are some of the major strategies adopted by industry players to sustain industry competition. In April 2018, DePuy Synthes launched PROTI 360° that offers 360 degrees of integration. This product launch strategy expanded the current offerings of DePuy Synthes in intervertebral spacers market.
Intervertebral spacers Market by Material, 2014-2025 (USD Million)
Intervertebral spacers Market by Application, 2014-2025 (USD Million)
- Degenerative disc disease (DDD)
Intervertebral spacers Market by End-use, 2014-2025 (USD Million)
- Ambulatory surgical centers (ASCs)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Universal Orthosystems
- Globus Medical, Inc.
- DePuy Synthes
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