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Intervertebral Spacers Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032
- Report ID: GMI3209
Intervertebral Spacers Market size is expected to record profitable growth between 2023 to 2032 as a result of rapid technological innovations in minimally invasive surgeries. Interspinous spacers or intervertebral spacers are mostly placed between the vertebral spinous processes to offer stability following a decompressive surgery or as a substitute for decompressive surgery. Those who suffer from illnesses like neurogenic claudication or lumbar stenosis often find relief when implanted with these spacers.
The rapidly expanding global geriatric population and subsequent increase in demand for spine surgeries is expected to be one of the key factors driving product penetration. According to the World Health Organization estimates, by 2030, one in six people in the world will be over 60 years of age. One of the most common effects of wear and tear from aging is the narrowing of the spinal canal, including the spinal cord. and spinal nerves, known as spinal stenosis. Degenerative effects such as spinal stenosis are seen in up to 95% of people over the age of 50, leading to an increased need for intervertebral spacers.
Based on application, the intervertebral spacers market from the hospital segment is estimated to achieve noteworthy gains by 2032. The increasing rate of hospitalizations related to spinal disorders and the ability of hospitals to provide surgical techniques and advances in performing minimally invasive procedures to treat spinal disorders should reinforce this value.
Based on the regional outlook, Europe is poised to be a lucrative revenue pocket for the intervertebral spacers industry by 2032. An increase in geriatric population with spinal disorders and growing acceptance of advanced spinal products would fuel the regional market expansion.
Some of the prominent players in the global intervertebral spacers industry include Medinorm, Globus Medical Inc, Orthoneu Surgicals, Aesculap, Universal Orthosystems, DePuy Synthes, Intromed (Flexan LLC). Companies in this sector are utilizing various business strategies such as mergers, acquisitions, collaborations and partnerships to remain competitive in the market.
Latest development in the global intervertebral spacers market
Efforts to improve surgical outcomes and enhance patient experience will motivate several medical research institutes and intervertebral spacers firms to work on developing advanced minimally invasive procedures.
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