#Interspinous Process Decompression Devices Market size

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Interspinous Spacers Market Overview

The Interspinous Spacers Market size is forecast to reach $117.4 million by 2027 and is expected to grow at a CAGR of 4.9% during the forecast period 2022-2027. Interspinous spacers, also knowns as Interspinous Process Decompression systems (IPD), are small implant devices that are inserted into the back of a spine for the treatment of Spinal ailments such as Spinal Canal Stenosis and Degenerative Disc Diseases. The Spacers create more space for the spinal cord and nerves in the spinal columns without the removal of any bone. This in turn minimizes trauma to the muscles and ligaments. The Interspinous Spacers Market has been driven by advances made in the field of minimal invasive surgeries. Moreover, the increasing number of geriatric populations worldwide has led to rising cases of spinal diseases such as Arthritis, which has further pushed the demand for Interspinous Spacers.

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Interspinous Process Decompression Devices Market - Size, Share,and Analysis 2018–2026

Since recent past, minimally invasive surgical procedures have gained traction resulting in development of various Interspinous Process Decompression Device. The global interspinous process decompression device market is expected to be driven by the new product launches by the market players. For instance, in 2015, Vertiflex, Inc., innovator in minimally invasive intervention for spinal stenosis, received Premarket Approval Application (PMA) order from the U.S. Food and Drug Administration (FDA) for its product, Superion, indicated for moderate lumbar spinal stenosis. The Superion is least invasive motion preserving device in interspinous spacers’ category. In 2015, the implant was successfully implanted in 2,000 patients around the world as a part of study and is expected to be available in the US market during the forecast period.

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Moreover, in 2014, Exatech launched Octane Elevate, a new lumbar spacer to restore disc height and addressing anatomical conditions. In 2012, Paradigm Spine’s Coflex (previously called Interspinous U) Interlaminar Technology implant was approved by the FDA through the premarket approval process for one- or two-level lumbar stenosis from L1 to L5 producing at least moderate impairment in skeletally mature patients. Moreover, according to Permera Blue cross, the US-based medical insurance company, NL-Prow (by Non-Linear Technologies), Aperius (by Medtronic plc.), and Falena (by Mikai) devices are in trials in Europe.

Increasing incidence of spinal injuries is also expected to boost growth of interspinous process decompression devices market. According to the National Center for Biotechnology Information (NCBI), in 2007, the global incidence of spinal cord injury was estimated to be 170,312 cases, which increased up to 250,000 to 500,000 cases in 2013. Moreover, reimbursement policies are expected to fuel growth of the interspinous process decompression device market. For instance, in 2016, the International Society for the Advancement of Spine Surgery (ISASS) published recommendations and coverage criteria for decompression with interlaminar stabilization. However, lack of national coverage determination handover the policy discretion to local Medicare carriers.

Interspinous process decompression device market is expected to be constrained by limited market players and stringent regulatory scenario for the implantable device. Moreover, high cost of spinal surgical procedures and requirement of professionally trained surgeons are expected to hinder the market growth.

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Abbott Spine, Paradigm spine, Medtronic Plc. and Vertiflex, Inc. are the key players implementing novel inorganic strategies for gaining maximum market shares, in turn strengthening market position. For instance, in 2015, Vertiflex, Inc., introduced two significant reimbursement milestone to broaden their opportunity for Superion (interspinous spacer). The reimbursement includes transition of Category III code to Category I, erasing the longstanding uncertainty associated with coverage and payment involved in category III. Furthermore, Superion based minimally invasive procedure in Ambulatory Surgical Centers will afford Medicare beneficiaries increasing the access. Both reimbursement plans are expected to expand the market opportunity for Superion and in turn increase the company revenues.

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Interspinous Process Decompression Devices Market Revenue Growth Predicted by 2018-2026

Interspinous Process Decompression Devices Market Revenue Growth Predicted by 2018-2026

Interspinous process decompression device also called as interspinous spacer are medical implants used for treatment of spinal stenosis. This devices are intended to reduce the spinal pain via positioning between the vertebrae through minimally invasive surgical procedures. Interspinous process decompression device are one of the types of dynamic stabilization devices used for non-fusion spinal…

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Interspinous Spacers Market Forecast (2022-2027)

The Interspinous Spacers Market size is forecast to reach $117.4 million by 2027 and is expected to grow at a CAGR of 4.9% during the forecast period 2022-2027. Interspinous spacers, also knowns as Interspinous Process Decompression systems (IPD), are small implant devices that are inserted into the back of a spine for the treatment of Spinal ailments such as Spinal Canal Stenosis and Degenerative Disc Diseases. The Spacers create more space for the spinal cord and nerves in the spinal columns without the removal of any bone. This in turn minimizes trauma to the muscles and ligaments. The Interspinous Spacers Market has been driven by advances made in the field of minimal invasive surgeries. Moreover, the increasing number of geriatric populations worldwide has led to rising cases of spinal diseases such as Arthritis, which has further pushed the demand for Interspinous Spacers.

Interspinous Spacers Market Report Coverage

The report: “Interspinous Spacers Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Interspinous Spacers Market.

By Product Type: Static Spacers (Non-Compressible), Dynamic Spacers (Compressible)By Application: Degenerative Disk Disease, Spinal Canal Stenosis, Others

By End User: Hospitals & Clinics, Ambulatory Surgical Centers, Orthopedic Clinics and Others

By Geography: North America (U.S, Canada, Mexico, Rest of North America), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Europe (U.K, Germany, Italy France, Spain, Netherlands, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, South Korea, Rest of Asia Pacific), Rest of the World (Middle East and Africa)

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Key Takeaways

Geographically, The North American Interspinous Spacers market accounted for the highest revenue share in 2021. This is owing to the rapid approval of Interspinous Spacer products by the U.S. Food and Drug Administration as well as the rising instances of spinal osteoarthritis in the region.

The Interspinous Spacer Procedure is a minimally invasive surgical procedure that involves the implantation of a titanium spacer through a tube, via a small incision. The rising inclination of the masses towards minimally invasive and non-invasive surgery has therefore driven the Interspinous Spacers Market.

Interspinous Spacers Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Interspinous Spacers Market report.

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Interspinous Spacers Market Segment Analysis – By Product Type

The Interspinous Spacers Market based on Product type can be segmented into Static Spacers and Dynamic Spacers. The Static Spacers segment has the largest share in the Interspinous Spacers Market in 2021 growing at a CAGR of 6.2% during the forecast period 2022-2027, owing to their cost-effectiveness. Additionally, Static Spacers are preferred over Dynamic spacers for Laminectomy in patients suffering from lumbar spinal stenosis. The demand for Laminectomy has been increasing worldwide, owing to the rising prevalence of neck pain among the geriatric population.

However, Dynamic Spacers is the fastest-growing segment and will witness the highest CAGR during the forecast period 2022-2027. This is owing to the increased demand for Dynamic Spacers in the treatment of people suffering from neurogenic intermittent claudication. Dynamic Spacers are also the preferred means of treatment for lumbar stenosis from the L1 to L5 vertebrae in skeletally mature patients.

Interspinous Spacers Market Segment Analysis – By Application

The Interspinous Spacers Market based on Application can be segmented into Degenerative Disk Disease, Spinal Canal Stenosis, and Others. Spinal Canal Stenosis had the largest share in the Interspinous Spacers Market in 2021, growing at a CAGR of 5.7%. This is owing to the rising cases of Spinal stenosis led by an increasing percentage of the geriatric population worldwide. Studies by the Late W H Kirkaldy-Willis, a pioneer in modern spine care, show that the disease is becoming increasingly preoccupant amongst people who cross the 50-year mark.

However, Degenerative Disk Disease is the fastest-growing segment during the forecast period of 2022-2027. Degenerative Disk Disease caused due to natural age-related wear-and-tear and is almost certainly amongst the geriatric population. A study by the National Institutes of Health (NIH) shows that 40% of people aged 40 years and above have the disease while over 75% of patients are prone to it by the age of 80. An increasing population of elderly people is thus driving the segment.

Interspinous Spacers Market Segment Analysis – By Geography

The Global Demand for Vein Finders Market based on Geography can be segmented into North America, South America, Europe, Asia-Pacific, and Rest of the World. The North American region dominated the Interspinous Spacers market in 2021 with a market share of 39%. This is owing to the rising instances of lumbar spinal stenosis in the region, which has been attributed to lifestyle changes. Moreover, the region is set to witness an increase in the geriatric population. A study by the U.S. Department of Health and Human Services shows that the percentage of the population over the age of 65 will have a share of almost 22% within 2040. Further, Senior Citizens will make up almost 25% of Canada’s population by 2030, as per the Government of Canada.

However, Asia Pacific is the fastest-growing segment during the forecast period of 2022-2027 owing to the increasing case of Degenerative Lumbar Spine Disease in the region. As per the NIH, Asia Pacific records more than 200 million cases of the disease every year. Moreover, Asia has slowly become the hotspot of Minimally Invasive Surgery due to the advances and investments made in the healthcare sector. This is driving the growth of the Interspinous Spacers Market in the region.

Interspinous Spacers Market Drivers

Interspinous Spacers occupy the market share of primitive treatment methods due to minimally invasive methodologyThe use of minimally invasive interspinous process devices (IPD), such as interspinous distraction devices (IDD) and interspinous stabilizers (ISS), and interspinous spacers, to treat symptomatic lumbar canal stenosis (LCS) is becoming more common. The Interspinous Spacer Procedure involves a minimally invasive titanium spacer, which is implanted through a tube inserted by a small incision in the lower back, and the patient is only required to be given local anesthesia for treatment. On the contrary, formal non-surgical therapies and decompressed surgery often led to fatal repercussions post-treatment or after surgery. A study by NIH shows that only 60% of the people felt improvement, while only 30% felt improvement in opting for non-surgical therapies. The complications post-surgery was seen in diseases such as postoperative hematoma formation, neurological disabilities, and problems with wound healing. The advent of interspinous spacers has helped ease these issues with minimally invasive surgeries and has thereby garnered significant demand.

Growing percentage of the geriatric population will push the Interspinous Spacers Market forwardInterspinous Spacers are regularly utilized on people with long-term health problems like diabetes, obesity, and lung disorders. The geriatric population has been expanding in almost all regions, including ten countries that will be classified as "aging countries" rather than the previous eight. Similarly, by 2050, 11 countries will be super-aged, compared to only one in 2020. Growing old will supplant concerns like cardiovascular disease, and such individuals would be unable to have voluntary surgical procedures. In situations like these, Interspinous Spacers can help, and the chance of death after surgery can be reduced by as much as 10%, which is much lower than conventional therapeutic methods.

Interspinous Spacers Market Challenges

Complications associated with IPD devices may hamper market growthInterspinous or interlaminar spacers, in contrast to laminectomy, change the spinous processes from naturally tension-bearing structures to compression-loading structures. This can result in Spinous process fractures, an uncommon but well-known consequence of IPD implantation. According to a study published in the Journal of Spine Surgery (JSS), there is an 80% chance of heterotopic bone development at 24–57 months following an IPD implantation. Device dislocation and malposition, spinous process erosion, infection, hemorrhage, and neurological sequelae are among the other consequences of IPD implantation. This could stifle the market for interspinous spacers.

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Interspinous Spacers Industry Outlook

Product Launch and Acquisitions were the key strategies adopted by players in the Interspinous Spacers Market. In 2022, the Interspinous Spacers Market share is consolidated by the top ten players present in the market. Interspinous Spacers top 10 companies include:

Globus Medical Inc.

NuVasive Inc.

Life Spine Inc.

Paradigm Spine

Medtronic

Boston Scientific

Zimmer Biomet

Mikai S.p.A,

Synthes GmbH

Alphatec Spine, Inc.

Recent Developments

In November 2020, NuVasive Inc. launched their new C360™ cervical spinal products, which also included the commercial launch of the Anterior Cervical Plating (ACP) system, featuring the thinnest plate on the market at 1.6 mm.

In May 2019, Globus Medical Inc., launched AERIAL, a minimally invasive expandable interspinous fixation system with independent locking plates. The product will cater to patients undergoing spinal fusion and in need of an additional degree of stability.

In May 2019, Boston Scientific acquired Veriflex. The acquisition was made in order to gain control of the pain management product portfolio.

Relevant Titles:

Lumbar Spine Fusion Market – Forecast (2022 - 2027)

Report Code: HCR 25346

Minimally Invasive Spine Surgery Market - Forecast(2022 - 2027)

Report Code: HCR 43262

Spinal Implants And Surgical Devices Market – Forecast (2022 - 2027)

Report Code: HCR 81708

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Interspinous Spacers Market Size, Share, Recent Trends, Business Opportunities and Market Growth till 2019 - 2026

Interspinous Spacers are small devices that are implanted in the spinous processes to provide dynamic stabilisation in lieu of decompressive surgery. These are proposed for distracting the adjacent lamina or spinous processes and stopping the extension for pain relief in patients with lumbar spinous stenosis and other similar conditions.

The Interspinous Spacers market is expected to expand during the forecast period due to factors such as rising prevalence of degenerative spinal conditions, growing geriatric population, high adoption of minimally invasive surgeries, technological advancements, acceptance and awareness of Interspinous spacers, and high prevalence of the condition among the elderly. Nonetheless, a small number of market participants, a strict regulatory environment for implantable devices, the high cost of spinal surgery procedures, and a scarcity of professionally trained surgeons are expected to limit market growth during the forecast period. 

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Interspinous Spacers Market : Global Forecast Over 2026

Transparency Market Research (TMR) has published a new report titled, ‘Interspinous Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the interspinous spacers market was valued at US$ 63.45 Mn in 2017 and is projected to expand at a high CAGR during the forecast period. Rise in awareness & demand for minimal invasive surgeries, favorable reimbursement policies for interspinous devices, and increase in the geriatric population are expected to augment the global market from 2018 to 2026. The global interspinous spacers market is likely to be driven by increase in incidence of lumber spinal stenosis and innovative product launches.

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Rise in Demand for Minimally Invasive Surgeries and Awareness about Spine Disorder Treatments to Propel Market

The global interspinous spacers market is growing at a rapid pace, driven by increase in awareness about treatments for spine related disorders and adoption of minimally invasive surgeries. Acceptance of minimally invasive surgeries by physicians and surgeons creates awareness about the treatment of spinal disorders. Technological advancements in minimally invasive surgical procedures have led to the development of various interspinous process decompression devices. Interspinous spacer placement has lower complication rates than decompression and spinal fusion techniques. Interspinous spacers are widely used in geriatric population, as elderly patients are not comfortable with surgery due to health conditions.

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Favorable Reimbursement Scenario Drives Demand for Interspinous Spacers

Strong reimbursement policies for interspinous spacers in developed countries such as the U.S., Australia, New Zealand, the U.K., and Germany have enabled most of the affected patients to opt for effective treatment methods with quality products. These reimbursement policies have significantly driven the revenue for leading global players in the global market. For instance, in November 2015, the Centers for Medicare and Medicaid Services (CMS) included Vertiflex, Inc.’s Superion Interspinous Spacer in the list of approved surgical procedures in ambulatory surgery centers with effect from January 1, 2016. Restructuring of existing reimbursement policies to incorporate and expand the new product range in the reimbursement schemes in most of countries boosts the growth of the global interspinous spacers market.

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North America Dominated Global Market

North America dominated the global interspinous spacers market in 2017, owing to high prevalence of lumbar spinal stenosis, technological advancements, rise in adoption of interspinous spacers, investments in research & development, and well-established health care infrastructure. According to research, rise in prevalence of degenerative disc disorders & lumbar spinal stenosis in the geriatric population propels the market in North America. Moreover, 250,000 and 500,000 people in the U.S. are estimated to be affected by symptoms of spinal stenosis. This number indicates that around 1 in 1,000 persons older than 65 and 5 in 1,000 persons older than 50 are affected by spinal stenosis.

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Increase in Geriatric Population Drives Demand

The geriatric population is at higher risk of developing degenerative disc disorders and lumbar spinal disorder conditions, as these are caused by age-related degeneration and hypertrophy of the invertible disks, ligament flava, and facet joints. Between 20% and 30% of asymptomatic adults older than 60 have imaging evidence of spinal stenosis. A report published by WHO stated that the number of people aged 65 years or older is expected to increase to 2.1 billion by 2050. A population based study in Japan was conducted which revealed that the incidence rate of lumbar spinal stenosis was about 1.7% to 2.2% in the age group 40 to 49, while the incidence rate in the age group 70 to 79 was 10.3% to 11.2%.

Investments in R&D and M&A by Key Players Propel Global Market

Key players dominating the global interspinous spacers market are Medtronic, NuVasive, Inc., Paradigm Spine (RTI Surgical), Zimmer Biomet, Vertiflex, Inc., Life Spine, Inc., and Globus Medical, Inc. These players focus on mergers & acquisitions and are investing in the development of interspinous spacers and making these available to the patient population. Medtronic's R&D efforts are directed toward maintaining or achieving technological leadership in different markets. Moreover, in November 2018, RTI Surgical announced the acquisition of Paradigm Spine to enhance its footprint and expand the product portfolio across regions.

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Interspinous Spacers Market Size, Trends, Shares, Insights and Forecast – 2018-2026

Interspinous Spacers Market, by Product Type (Static (Non-compressible Spacers) and Dynamic (Compressible Spacers), by Indication (Lumbar Spinal Stenosis and Degenerative Disc Diseases), by End User (Hospitals, Ambulatory Surgery Centers, and Orthopedic Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook and Opportunity Analysis, 2019-2026

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 (titanium), which is biocompatible in the human body. Lumbar spinal stenosis is a thinning of the spinal canal in the lower back, which causes compression on nerves. The condition develops gradually with age. Radiology tests are used to confirm the diagnosis of moderate degenerative lumbar spinal stenosis. Increasing prevalence of spinal stenosis due to aging and high demand for minimal invasive surgery is expected to drive the interspinous spacers market growth.

Interspinous Spacers Market – Drivers

Increasing product approvals from regulatory bodies is expected to drive the interspinous spacers market growth during the forecast period. For instance, in 2015, the U.S. Food and Drug Administration (FDA) approved Superion InterSpinous Spacer of VertiFlex Inc., VertiFlex Inc. is developer of advanced minimally invasive interventions for spinal stenosis.

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Moreover, favorable reimbursement policies is also expected to drive the interspinous spacers market growth during the forecast period. For instance, in 2018, Paradigm Spine, a company specializing in the treatment of lumbar spinal stenosis, announced the issuance of a broad coverage medical policy from BlueCross BlueShield covering its coflex device for the surgical treatment of lumbar spinal stenosis.

Interspinous Spacers Market –Restraints

However, complications associated with lumbar spinal fusion in older patients with spinal stenosis is a major factor restraining the interspinous spacers market growth. For instance, according to the American Association of Neurological Surgeons’ study on complication associated with lumbar spinal stenosis in 2014, 1 in every 6 elderly patients treated with lumbar spinal stenosis underwent reoperation on the spine within two years of surgery and nearly 1 in every 4 patients was readmitted for a surgery-related complication in the US.

Interspinous Spacers Market -Regional Analysis

On the basis of region, the interspinous spacers market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the Interspinous Spacers Market over the forecast period, owing to increasing geriatric population with spinal stenosis. For instance, according to American Institute of Minimally Invasive Surgery (AIMIS) 2017 report, around 250,000-500,000 U.S. residents show symptoms of spinal stenosis.

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This represents around 1 per 1000 persons older than 65 years and around 5 of every 1000 persons older than 50 years. Around 70 million people in the U.S. are older than 50 years of age.

Asia Pacific is the fastest growing market for interspinous spacers, owing to increasing healthcare expenditure. For instance, according to the Ministry of Health, Labor and Welfare of Japan, US$ 374.12 billion was invested in the healthcare sector in Japan in 2017.

Interspinous Spacers Market -Competitive Landscape

Key players operating in the interspinous spacers market include, Alphatec Spine, Inc., Globus Medical, Inc., Life Spine, Medtronic, Mikai S.p.A, NuVasive, Inc., Paradigm Spine, Synthes GmbH, Vertiflex, Inc., and Zimmer Biomet.

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Global Toasters Market Outlook, Industry Analysis and Prospect 2026

Toasters Market in UK - Manufacturing and Consumption, Outlook and Forecast 2026-2026 A toaster, or a toast maker, is an electric small appliance designed to brown sliced bread by exposing it to radiant heat, thus converting it into toast. Toasters can toast multiple types of sliced bread products. Invented in Scotland in 1893, it was developed over the years, with the introduction of an automatic mechanism to stop the toasting and pop the slices up. Also Read: http://www.marketwatch.com/story/trifluralin-market-by-component-technology-deployment-end-user-regions-segments-forecast-2021---2027-2021-02-01 This report contains market size and forecasts of Toasters in Vietnam, including the following market information: UK Toasters Market Revenue, 2015-2020, 2021-2026, ($ millions) UK Toasters Market Consumption, 2015-2020, 2021-2026, (K Units) UK Toasters Production Capacity, 2015-2020, 2021-2026, (K Units) Also Read: http://www.marketwatch.com/story/interspinous-process-decompression-devices-market-to-2026--global-market-size-development-status-top-manufacturers-and-forecasts-2021-02-04 Top Five Competitors in UK Toasters Market 2019 (%) The global Toasters market was valued at 1314 million in 2019 and is projected to reach US$ 1406.9 million by 2026, at a CAGR of 1.7% during the forecast period. While the Toasters market size in UK was US$ XX million in 2019, and it is expected to reach US$ XX million by the end of 2026, with a CAGR of XX% during 2020-2026. MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Toasters manufacturers, suppliers, distributors and industry experts on the impacts of the COVID-19 pandemic on businesses, with top challenges including ingredients and raw material delays, component and packaging shortages, reduced/cancelled orders from clients and consumers, and closures of production lines in some impacted areas. Also Read: http://www.marketwatch.com/story/basmati-rice-market-2021-trends-market-share-industry-size-growth-sales-opportunities-analysis-and-forecast-to-2026-2021-02-08 This report also analyses and evaluates the COVID-19 impact on Toasters production and consumption in Vietnam Total Market by Segment: UK Toasters Market, By Type, 2015-2020, 2021-2026 ($ millions) & (K Units) UK Toasters Market Segment Percentages, By Type, 2019 (%) 2 Slice Toasters 4 Slice Toasters Others Also Read: http://www.marketwatch.com/story/global-financial-services-consulting-market-2021-analysis-opportunities-forecast-to-2026-2021-02-10 UK Toasters Market, By Application, 2015-2020, 2021-2026 ($ millions) & (K Units) UK Toasters Market Segment Percentages, By Application, 2019 (%) Household Commercial Competitor Analysis The report also provides analysis of leading market participants including: Total Toasters Market Competitors Revenues in Vietnam, by Players 2015-2020 (Estimated), ($ millions) Total Toasters Market Competitors Revenues Share in Vietnam, by Players 2019 (%) Total UK Toasters Market Competitors Sales, by Players 2015-2020 (Estimated), (K Units) Total UK Toasters Market Competitors Sales Market Share by Players 2019 ($ millions) Further, the report presents profiles of competitors in the market, including the following: West Bend BELLA Black & Decker Breville Cuisinart Also Read: http://www.marketwatch.com/story/global-cosmetic-implants-market-size-share-2021-movements-by-development-analysis-progression-status-prominent-players-updates-revenue-expectation-till-2026-research-report-by-industry-research-biz-2021-02-16 Dualit De��Longhi S.p.A. Hamilton Beach Kenmore KitchenAid Krups Sunbeam Waring FOR MORE DETAILS : https://www.wiseguyreports.com/reports/5795946-global-online-education-market-report-2026-market-size About Us: Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Contact Us: NORAH TRENT                                                       sales@wiseguyreports.com        Ph: +162-825-8007

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Interspinous Process Decompression Devices Market Size, Trends, Scope, Competitive Landscape and Forecast by 2027

Interspinous Process Decompression Devices Market Size, Trends, Scope, Competitive Landscape and Forecast by 2027

Interspinous Process Decompression Devices Market: Introduction

Interspinous process decompression devices are also known as interspinous spacers. Interspinous process decompression is a minimally invasive procedure which utilizes a stand-alone spacer that serves as a joint extension blocker, for relieving neural compression in patients with spinal stenosis.

Interspinous spacers can be defined as…

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Use of Surface-Modified Titanium in Cervical Spine Implants Set to Drive the Global Cervical Artificial Discs Market, Says Technavio

New Post has been published on https://vizrelease.com/press-release/2805640/

Use of Surface-Modified Titanium in Cervical Spine Implants Set to Drive the Global Cervical Artificial Discs Market, Says Technavio

Some of the other driving forces behind the growth of the global cervical artificial discs market are:

The prevalence of cervical herniated discs in the age group of 60 and above has gradually increased over the last decade. Cervical disc herniation causes severe neck pain, which is a result of age-related degeneration of the annulus fibrosis. It is caused because of trauma, lifting injuries, and strain. According to the National Institutes of Health, close to 57% of the global population aged 65 and above experience neck pain because of cervical disc herniation, commonly observed in people living a sedentary lifestyle. The growing prevalence of cervical herniated discs in the geriatric population is therefore expected to drive the global cervical artificial discs market until 2020.

The market is expected to witness the launch of many novel pipeline products during the forecast period. Currently, there are five cervical artificial discs developed by companies such as Medtronic, LDR, and Globus Medical that are in Phase III clinical trials. Positive results in Phase I and II trials have assisted vendors in visualizing strong growth potential of these products in the coming years compared to cervical fusion techniques. For example, Phase III pipeline products such as the PRESTIGE LP device developed by Medtronic is under clinical trial for the treatment of two-level cervical disc herniation in patients.

The use of spinal non-fusion surgeries, especially with MI technique, helps in preserving mobility and stability of the spine as well as in alleviating severe back and leg pain. Also, MI cervical spinal surgeries reduce hospital stay by lowering complications and re-operations, which helps in significant cost savings.

Spinal non-fusion surgical procedures such as artificial disc replacement, dynamic stabilization, and interspinous process decompression surgereries offer advantages such as minimal blood loss, low infection rate, reduced patient pain, and fast patient ambulation and retrieval. With the increasing adoption of MI spinal non-fusion surgeries, the market is expected to witness a rise in the adoption of spinal non-fusion implants during the forecast period.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

[expertofmarketinsights-blog]

Interspinous Process Decompression Devices Market Size & Share to See Modest Growth Through 2026

Interspinous process decompression device also called as interspinous spacer are medical implants used for treatment of spinal stenosis. This devices are intended to reduce the spinal pain via positioning between the vertebrae through minimally invasive surgical procedures. Interspinous process decompression device are one of the types of dynamic stabilization devices used for non-fusion spinal surgery, designed to be permanently implanted between two interspinous processes in lower spine without attaching screws or hardware to the bone or ligaments.

Interspinous Process Decompression Devices Market – Drivers

Since recent past, minimally invasive surgical procedures have gained traction resulting in development of various interspinous process decompression device. The global interspinous process decompression device market is expected to be driven by the new product launches by the market players. For instance, in 2015, Vertiflex, Inc., innovator in minimally invasive intervention for spinal stenosis, received Premarket Approval Application (PMA) order from the U.S. Food and Drug Administration (FDA) for its product, Superion, indicated for moderate lumbar spinal stenosis. The Superion is least invasive motion preserving device in interspinous spacers’ category. In 2015, the implant was successfully implanted in 2,000 patients around the world as a part of study and is expected to be available in the US market during the forecast period.

Moreover, in 2014, Exatech launched Octane Elevate, a new lumbar spacer to restore disc height and addressing anatomical conditions. In 2012, Paradigm Spine’s Coflex (previously called Interspinous U) Interlaminar Technology implant was approved by the FDA through the premarket approval process for one- or two-level lumbar stenosis from L1 to L5 producing at least moderate impairment in skeletally mature patients. Moreover, according to Permera Blue cross, the US-based medical insurance company, NL-Prow (by Non-Linear Technologies), Aperius (by Medtronic plc.), and Falena (by Mikai) devices are in trials in Europe.

Increasing incidence of spinal injuries is also expected to boost growth of interspinous process decompression devices market. According to the National Center for Biotechnology Information (NCBI), in 2007, the global incidence of spinal cord injury was estimated to be 170,312 cases, which increased up to 250,000 to 500,000 cases in 2013. Moreover, reimbursement policies are expected to fuel growth of the interspinous process decompression device market. For instance, in 2016, the International Society for the Advancement of Spine Surgery (ISASS) published recommendations and coverage criteria for decompression with interlaminar stabilization. However, lack of national coverage determination handover the policy discretion to local Medicare carriers.

Interspinous Process Decompression Devices Market - Taxonomy

By Product Type

X-STOP

DIAM

Coflex

Wallis

Others

By Flexibility

Compressible

Non-compressible

By End User

Hospital

Ambulatory Surgical Centers

Interspinous Process Decompression Devices Market – Competitor

Abbott Spine, Paradigm spine, Medtronic Plc. and Vertiflex, Inc. are the key players implementing novel inorganic strategies for gaining maximum market shares, in turn strengthening market position.

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Interspinous Process Decompression Devices Market - Regional Analysis

Based on geography, the interspinous process decompression devices market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. The North American interspinous process decompression device market holds a dominant position attributed to increasing adoption rate for new technologies. Furthermore, Asia Pacific is expected to witness fast growth during forecast period, owing to increasing medical facilities and increasing geriatric pool. For instance, according to Economic and Social Commission for Asia and the Pacific, 2016, between 2015 and 2030, number of people aged 60 years or older are projected to increase in Asia by 66%.

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[healthcare-market]

Interspinous Spacer Market Set to Record Exponential Growth by 2026

Transparency Market Research (TMR) has published a new report titled, ‘Interspinous Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global interspinous spacers market was valued at US$ 63.45 Mn in 2017 and is projected to expand at a high CAGR during the forecast period. Rise in awareness & demand for minimal invasive surgeries, favorable reimbursement policies for interspinous devices, and increase in the geriatric population are expected to augment the global market from 2018 to 2026. The global interspinous spacers market is likely to be driven by increase in incidence of lumber spinal stenosis and innovative product launches.

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Rise in Demand for Minimally Invasive Surgeries and Awareness about Spine Disorder Treatments to Propel Market

The global interspinous spacers market is growing at a rapid pace, driven by increase in awareness about treatments for spine related disorders and adoption of minimally invasive surgeries. Acceptance of minimally invasive surgeries by physicians and surgeons creates awareness about the treatment of spinal disorders. Technological advancements in minimally invasive surgical procedures have led to the development of various interspinous process decompression devices. Interspinous spacer placement has lower complication rates than decompression and spinal fusion techniques. Interspinous spacers are widely used in geriatric population, as elderly patients are not comfortable with surgery due to health conditions.

Request a Sample of Interspinous Spacers Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16439

Favorable Reimbursement Scenario Drives Demand for Interspinous Spacers

Strong reimbursement policies for interspinous spacers in developed countries such as the U.S., Australia, New Zealand, the U.K., and Germany have enabled most of the affected patients to opt for effective treatment methods with quality products. These reimbursement policies have significantly driven the revenue for leading global players in the global market. For instance, in November 2015, the Centers for Medicare and Medicaid Services (CMS) included Vertiflex, Inc.’s Superion Interspinous Spacer in the list of approved surgical procedures in ambulatory surgery centers with effect from January 1, 2016. Restructuring of existing reimbursement policies to incorporate and expand the new product range in the reimbursement schemes in most of countries boosts the growth of the global interspinous spacers market.

Enquiry before Buying Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=16439

North America Dominated Global Market

North America dominated the global interspinous spacers market in 2017, owing to high prevalence of lumbar spinal stenosis, technological advancements, rise in adoption of interspinous spacers, investments in research & development, and well-established health care infrastructure. According to research, rise in prevalence of degenerative disc disorders & lumbar spinal stenosis in the geriatric population propels the market in North America. Moreover, 250,000 and 500,000 people in the U.S. are estimated to be affected by symptoms of spinal stenosis. This number indicates that around 1 in 1,000 persons older than 65 and 5 in 1,000 persons older than 50 are affected by spinal stenosis.

Request For Discount - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=16439

Increase in Geriatric Population Drives Demand

The geriatric population is at higher risk of developing degenerative disc disorders and lumbar spinal disorder conditions, as these are caused by age-related degeneration and hypertrophy of the invertible disks, ligament flava, and facet joints. Between 20% and 30% of asymptomatic adults older than 60 have imaging evidence of spinal stenosis. A report published by WHO stated that the number of people aged 65 years or older is expected to increase to 2.1 billion by 2050. A population based study in Japan was conducted which revealed that the incidence rate of lumbar spinal stenosis was about 1.7% to 2.2% in the age group 40 to 49, while the incidence rate in the age group 70 to 79 was 10.3% to 11.2%.

Buy now Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=16439&ltype=S

Investments in R&D and M&A by Key Players Propel Global Market

Key players dominating the global interspinous spacers market are Medtronic, NuVasive, Inc., Paradigm Spine (RTI Surgical), Zimmer Biomet, Vertiflex, Inc., Life Spine, Inc., and Globus Medical, Inc. These players focus on mergers & acquisitions and are investing in the development of interspinous spacers and making these available to the patient population. Medtronic's R&D efforts are directed toward maintaining or achieving technological leadership in different markets. Moreover, in November 2018, RTI Surgical announced the acquisition of Paradigm Spine to enhance its footprint and expand the product portfolio across regions.

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https://www.prnewswire.com/news-releases/magnifying-prevalence-of-malnutrition-and-other-disorders-to-add-extra-stars-of-growth-global-medical-foods-market-to-reach-valuation-of-us-33-3-bn-by-2030--301123806.html

https://www.prnewswire.com/news-releases/rapid-digitalization-rise-in-awareness-regarding-copd-treatments-to-drive-copd-drug-delivery-devices-market-says-tmr-301356815.html

https://www.prnewswire.com/news-releases/technological-strides-in-ultrasound-devices-market-expand-scope-of-diagnosing-complex-diseases-market-to-clock-cagr-of-5-6-from-2018-to-2026-tmr-301129995.html

About Us Section:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact Us

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Website: https://www.transparencymarketresearch.com/

[healthy-insights]

Interspinous Spacer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Interspinous Spacer Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

  Interspinous spacers sometimes also called as Interspinous process decompression systems, are the devices implanted between vertebral spinous processes. These spacers are made up of a very strong but lightweight metal (titanium) which is biocompatible in the human body. These devices are imbedded in body to confine painful motion else enabling normal motion and to treat lumbar spinal stenosis,…

[healthcare-market]

Interspinous Spacer Market Growth to be Benefited by Technological Advancements

Transparency Market Research (TMR) has published a new report titled, ‘Interspinous Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global interspinous spacers market was valued at US$ 63.45 Mn in 2017 and is projected to expand at a high CAGR during the forecast period. Rise in awareness & demand for minimal invasive surgeries, favorable reimbursement policies for interspinous devices, and increase in the geriatric population are expected to augment the global market from 2018 to 2026. The global interspinous spacers market is likely to be driven by increase in incidence of lumber spinal stenosis and innovative product launches.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16439

Rise in Demand for Minimally Invasive Surgeries and Awareness about Spine Disorder Treatments to Propel Market

The global interspinous spacers market is growing at a rapid pace, driven by increase in awareness about treatments for spine related disorders and adoption of minimally invasive surgeries. Acceptance of minimally invasive surgeries by physicians and surgeons creates awareness about the treatment of spinal disorders. Technological advancements in minimally invasive surgical procedures have led to the development of various interspinous process decompression devices. Interspinous spacer placement has lower complication rates than decompression and spinal fusion techniques. Interspinous spacers are widely used in geriatric population, as elderly patients are not comfortable with surgery due to health conditions.

Request a Sample of Interspinous Spacers Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16439

Favorable Reimbursement Scenario Drives Demand for Interspinous Spacers

Strong reimbursement policies for interspinous spacers in developed countries such as the U.S., Australia, New Zealand, the U.K., and Germany have enabled most of the affected patients to opt for effective treatment methods with quality products. These reimbursement policies have significantly driven the revenue for leading global players in the global market. For instance, in November 2015, the Centers for Medicare and Medicaid Services (CMS) included Vertiflex, Inc.’s Superion Interspinous Spacer in the list of approved surgical procedures in ambulatory surgery centers with effect from January 1, 2016. Restructuring of existing reimbursement policies to incorporate and expand the new product range in the reimbursement schemes in most of countries boosts the growth of the global interspinous spacers market.

Enquiry before Buying Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=16439

North America Dominated Global Market

North America dominated the global interspinous spacers market in 2017, owing to high prevalence of lumbar spinal stenosis, technological advancements, rise in adoption of interspinous spacers, investments in research & development, and well-established health care infrastructure. According to research, rise in prevalence of degenerative disc disorders & lumbar spinal stenosis in the geriatric population propels the market in North America. Moreover, 250,000 and 500,000 people in the U.S. are estimated to be affected by symptoms of spinal stenosis. This number indicates that around 1 in 1,000 persons older than 65 and 5 in 1,000 persons older than 50 are affected by spinal stenosis.

Request For Discount - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=16439

Increase in Geriatric Population Drives Demand

The geriatric population is at higher risk of developing degenerative disc disorders and lumbar spinal disorder conditions, as these are caused by age-related degeneration and hypertrophy of the invertible disks, ligament flava, and facet joints. Between 20% and 30% of asymptomatic adults older than 60 have imaging evidence of spinal stenosis. A report published by WHO stated that the number of people aged 65 years or older is expected to increase to 2.1 billion by 2050. A population based study in Japan was conducted which revealed that the incidence rate of lumbar spinal stenosis was about 1.7% to 2.2% in the age group 40 to 49, while the incidence rate in the age group 70 to 79 was 10.3% to 11.2%.

Buy now Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=16439&ltype=S

Investments in R&D and M&A by Key Players Propel Global Market

Key players dominating the global interspinous spacers market are Medtronic, NuVasive, Inc., Paradigm Spine (RTI Surgical), Zimmer Biomet, Vertiflex, Inc., Life Spine, Inc., and Globus Medical, Inc. These players focus on mergers & acquisitions and are investing in the development of interspinous spacers and making these available to the patient population. Medtronic's R&D efforts are directed toward maintaining or achieving technological leadership in different markets. Moreover, in November 2018, RTI Surgical announced the acquisition of Paradigm Spine to enhance its footprint and expand the product portfolio across regions.

More Trending Reports by Transparency Market Research:

https://www.prnewswire.com/news-releases/magnifying-prevalence-of-malnutrition-and-other-disorders-to-add-extra-stars-of-growth-global-medical-foods-market-to-reach-valuation-of-us-33-3-bn-by-2030--301123806.html

https://www.prnewswire.com/news-releases/rapid-digitalization-rise-in-awareness-regarding-copd-treatments-to-drive-copd-drug-delivery-devices-market-says-tmr-301356815.html

https://www.prnewswire.com/news-releases/technological-strides-in-ultrasound-devices-market-expand-scope-of-diagnosing-complex-diseases-market-to-clock-cagr-of-5-6-from-2018-to-2026-tmr-301129995.html

About Us Section:

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact Us

Mr. Rohit Bhisey Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

[healthcare-market]

Interspinous Spacers Market Status and Forecast, by Players, Types and Applications

Transparency Market Research (TMR) has published a new report titled, ‘Interspinous Spacers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ According to the report, the global interspinous spacers market was valued at US$ 63.45 Mn in 2017 and is projected to expand at a high CAGR during the forecast period. Rise in awareness & demand for minimal invasive surgeries, favorable reimbursement policies for interspinous devices, and increase in the geriatric population are expected to augment the global market from 2018 to 2026. The global interspinous spacers market is likely to be driven by increase in incidence of lumber spinal stenosis and innovative product launches.

Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16439

Rise in Demand for Minimally Invasive Surgeries and Awareness about Spine Disorder Treatments to Propel Market

The global interspinous spacers market is growing at a rapid pace, driven by increase in awareness about treatments for spine related disorders and adoption of minimally invasive surgeries. Acceptance of minimally invasive surgeries by physicians and surgeons creates awareness about the treatment of spinal disorders. Technological advancements in minimally invasive surgical procedures have led to the development of various interspinous process decompression devices. Interspinous spacer placement has lower complication rates than decompression and spinal fusion techniques. Interspinous spacers are widely used in geriatric population, as elderly patients are not comfortable with surgery due to health conditions.

Request a Sample of Interspinous Spacers Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16439

Favorable Reimbursement Scenario Drives Demand for Interspinous Spacers

Strong reimbursement policies for interspinous spacers in developed countries such as the U.S., Australia, New Zealand, the U.K., and Germany have enabled most of the affected patients to opt for effective treatment methods with quality products. These reimbursement policies have significantly driven the revenue for leading global players in the global market. For instance, in November 2015, the Centers for Medicare and Medicaid Services (CMS) included Vertiflex, Inc.’s Superion Interspinous Spacer in the list of approved surgical procedures in ambulatory surgery centers with effect from January 1, 2016. Restructuring of existing reimbursement policies to incorporate and expand the new product range in the reimbursement schemes in most of countries boosts the growth of the global interspinous spacers market.

Enquiry before Buying Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=16439

North America Dominated Global Market

North America dominated the global interspinous spacers market in 2017, owing to high prevalence of lumbar spinal stenosis, technological advancements, rise in adoption of interspinous spacers, investments in research & development, and well-established health care infrastructure. According to research, rise in prevalence of degenerative disc disorders & lumbar spinal stenosis in the geriatric population propels the market in North America. Moreover, 250,000 and 500,000 people in the U.S. are estimated to be affected by symptoms of spinal stenosis. This number indicates that around 1 in 1,000 persons older than 65 and 5 in 1,000 persons older than 50 are affected by spinal stenosis.

Request For Discount - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=16439

Increase in Geriatric Population Drives Demand

The geriatric population is at higher risk of developing degenerative disc disorders and lumbar spinal disorder conditions, as these are caused by age-related degeneration and hypertrophy of the invertible disks, ligament flava, and facet joints. Between 20% and 30% of asymptomatic adults older than 60 have imaging evidence of spinal stenosis. A report published by WHO stated that the number of people aged 65 years or older is expected to increase to 2.1 billion by 2050. A population based study in Japan was conducted which revealed that the incidence rate of lumbar spinal stenosis was about 1.7% to 2.2% in the age group 40 to 49, while the incidence rate in the age group 70 to 79 was 10.3% to 11.2%.

Buy now Interspinous Spacers Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=16439&ltype=S

Investments in R&D and M&A by Key Players Propel Global Market

Key players dominating the global interspinous spacers market are Medtronic, NuVasive, Inc., Paradigm Spine (RTI Surgical), Zimmer Biomet, Vertiflex, Inc., Life Spine, Inc., and Globus Medical, Inc. These players focus on mergers & acquisitions and are investing in the development of interspinous spacers and making these available to the patient population. Medtronic's R&D efforts are directed toward maintaining or achieving technological leadership in different markets. Moreover, in November 2018, RTI Surgical announced the acquisition of Paradigm Spine to enhance its footprint and expand the product portfolio across regions.

More Trending Reports by Transparency Market Research:

https://www.prnewswire.com/news-releases/magnifying-prevalence-of-malnutrition-and-other-disorders-to-add-extra-stars-of-growth-global-medical-foods-market-to-reach-valuation-of-us-33-3-bn-by-2030--301123806.html

https://www.prnewswire.com/news-releases/rapid-digitalization-rise-in-awareness-regarding-copd-treatments-to-drive-copd-drug-delivery-devices-market-says-tmr-301356815.html

https://www.prnewswire.com/news-releases/technological-strides-in-ultrasound-devices-market-expand-scope-of-diagnosing-complex-diseases-market-to-clock-cagr-of-5-6-from-2018-to-2026-tmr-301129995.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research, 90 Sate Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com/