The global demand for Spinal Stenosis Market is presumed to reach the market size of nearly USD 13.96 BN by 2028 from USD 9.92 BN in 2021 with a CAGR of 5% under the study period 2022 - 2028.
Spinal stenosis is when one or more spaces within the spine start to narrow down and reduce the space for the spinal cord and nerves that branch off the spinal cord. The narrowing happens over time and is caused by age-related issues or wear and tear changes. It can mainly affect the lower back, known as Lumbar canal stenosis, and Neck cervical spinal stenosis affecting the movement of the areas. Spinal stenosis can cause back and neck pain, numbness and muscle weakness, and tingling along with the pain. People who have severe cases may need surgery to get it treated.
Market Dynamics
Spinal stenosis is known to be a common condition due to the rise in the geriatric population. Along with this, the growing health issues, including obesity and a sedentary work lifestyle, are causing the growth of spinal stenosis, thus leading to an increased spinal stenosis treatment market worldwide. Moreover, spinal disorders like degenerative scoliosis and spondylolisthesis are estimated to boost the growth of surgical treatments for spinal stenosis and related issues.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of spinal stenosis. The growth and trends of spinal stenosis industry provide a holistic approach to this study.
Market Segmentation
This section of the spinal stenosis market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Thoracic Fusion
- Anterior Thoracic
- Posterior Thoracic
- Interbody Thoracic
- Cervical Fusion Devices
- Anterior Cervical Fusion Devices
- Posterior Cervical Fusion Devices
By Treatment Type
- Surgical Treatment
- Discectomy
- Laminectomy
- Foraminotomy
- Facetectomy
- Corpectomy
- Non-Surgical Treatment
By End User Type
- Hospitals
- Ambulatory Surgical Centers
- Rehabilitation Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Spinal Stenosis market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Spinal Stenosis Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the spinal stenosis market include Medtronic Inc., DePuy Synthes, Stryker Corporation, Orthofix International N.V., NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Alphatec Holdings, Inc., K2M Group Holdings, Inc., and LDR Holding Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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