Pune, India -- (SBWIRE) -- 07/20/2018 -- Market Synopsis of Global Spinal Cord Compression-Spinal Stenosis Market:

Increasing prevalence of spinal stenosis, favorable reimbursement policies, rising demands for minimally invasive therapeutic surgical procedures, and growing geriatric population is estimated to drive the market growth during the forecast period. However, lack of skilled physician, high therapeutic surgery cost and surgery-related complications are estimated to restrain the market growth during the projected period. The market for global spinal cord compression-spinal stenosis is expected to advance with a CAGR of 8.70% during the forecast period.

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Spinal stenosis is a major cause of spinal compression. Spinal stenosis is referred to as narrowing of spaces present within the spine, which exerts pressure on the nerves traveling through the spine. Some of the symptoms of the spinal compression include neck pain, back pain, besides others. Increasing prevalence of cancer and spinal stenosis are the major drivers for the market growth.

Key players:

Medtronic (U.S.), Johnson & Johnson Services Inc. (U.S.) , Stryker (U.S.), Zimmer Biomet (U.S.), NuVasive, Inc. (U.S.), Globus Medical Inc. (U.S.), Orthofix International NV (U.S.), MicroPort Scientific Corporation (China), K2M, etc.

Segmentation:

The global spinal cord compression- spinal stenosis market is segmented on the basis of the type, diagnosis, treatment type, and end user.

By the type, the market is segmented into lumbar spinal stenosis, cervical stenosis, central stenosis, and others. By the diagnosis, the market is categorized into physical examination, imaging, and others.The imaging segment is sub-segmented into magnetic resonance imaging (MRI), computed tomography (CT), X-ray, and others. By the treatment type, the market is segmented into surgical treatment, and non-surgical treatment. The surgical treatment market is segmented into foraminotomy, laminotomy, interspinous process spacer, microendoscopic decompression, and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, rehabilitation centers, and others.

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Regional Analysis

America dominates the global spinal cord compression- spinal stenosis market. Increasing prevalence of the spinal stenosis and presence of a well-developed healthcare sector are the factors driving the market growth within the region. Approximately, 1.5 million vertebral compression fractures occur every year in the U.S. affecting a majority of the geriatric population.

Europe is the second largest spinal cord compression- spinal stenosis market due to a growing geriatric population, a well-developed healthcare sector, and huge patient pool. According to a study published in the Deutsches Arzteblatt International Journal, in 2013, approximately 55,793 older people with spinal stenosis were treated as inpatients in German hospitals.

Asia Pacific is the fastest growing region for the market due to the presence of economies such as India, and China. Moreover, rising healthcare expenditure, huge patient population and growing geriatric population boost the market growth. According to a study published in the Asian Spine Journal in 2015, the incidence of foraminal stenosis was reported to be around 8% to 11%.

Middle East & Africa has the least share in the global spinal cord compression- spinal stenosis market due to the presence of poor economies, low per capita healthcare expenditure, stringent government policies, especially within Africa.

Major TOC of Spinal Cord Compression-Spinal Stenosis Market Research Report- Global Forecast till 2023:

1 Report Prologue

2 Market Introduction

3 Research Methodology

4 Market Dynamics

5 Market Factor Analysis

6 Global Spinal Cord Compression Market, By Type

7 Global Spinal Cord Compression Market, By Diagnosis

8 Global Spinal Cord Compression Market, By Treatment Type

9 Global Spinal Cord Compression Market, By End User

10 Global Spinal Cord Compression Market, By Region

11 Competitive Landscape

12 Company Profile

13 Appendix

14 Conclusion

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