Global Spinal Stenosis Treatment Market Report Focusing on Companies, development, Trends, Challenges, Growth, Countries, Revenue, & Forecast 2027

Spinal stenosis treatment market­ is expected to grow at a substantial CAGR in the forecast period of 2020-2027. This rise in the market value can be attributed to the increasing number of product offerings for the treatment of spinal stenosis is fueling the market growth.

The Spinal stenosis treatment market research report is helpful to the client to locate their expanding business needs. Moreover, the report frames income producing stratagems and assemble a maintainable development model. At last, the report exhibits estimate evaluations based on industry and focused scene with the assistance of market research technique. Likewise, the report exhibits the market's development by executing investment return analysis, Porter's Five Forces and SWOT analysis.

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The major players in the spinal stenosis treatment market­ are Mallinckrodt, Yungjin Pharm, Ono Pharmaceutical  Co.,  Ltd, Sumitomo Dainippon Pharma Co., Ltd, NIPPON SHINYAKU CO.,LTD, Taisho Pharmaceuticals Co., Ltd,  RTI Surgical Holdings, Inc, Medtronic, Johnson & Johnson Services, Inc, Empirical Spine, Inc, Yungjin Pharm.co,.Ltd, Alphatec Spine, Inc, B. Braun Melsungen AG, Exactech, Inc, Globus Medical Inc, NuVasive, Inc, Orthofix Holdings, Inc, Stryker, Zimmer Biomet, Pfizer Inc, Vertos Medical Inc, Endo Pharmaceuticals Inc, Vivex among others.

Key Developments in the Market

In November 2019, NIPPON SHINYAKU CO., LTD is developing selexipag (research code: NS-304) to treat lumbar spinal stenosis. If trial gets successful, it will change treatment paradigms across orthopedics and will improve the lives of millions of patients suffering from spinal stenosis worldwide.
In May 2017, Premia Spine received the U.S FDA approval for its pivotal study of the new Tops system. This system will provide patients with the access to the only posterior arthroplasty device for degenerative grade I spondylolisthesis and spinal stenosis. The approval of Tops system device emphasizes the superiority when compared to the traditional lumbar spinal fusion.

Competitive Analysis:

Spinal stenosis treatment market­ is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spinal stenosis treatment market ­for Global Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Outlook: 

Spinal stenosis is a condition which is characterized by narrowing of the spaces within the small spinal canal, which causes compression to the nerve roots and spinal cord which travel through the spinal canal, which leads to pain, cramping, weakness or numbness. Spinal stenosis is most commonly caused by osteoarthritis, which can lead to thickening of the ligaments of the spine and bone spurs, this put pressure on the spinal cord and spinal nerves.

According to American Institute of Minimally Invasive Surgery, it was estimated that approximately 250,000 to 500,000 reported the symptoms of spinal stenosis in the United States. The geriatric population affected more frequently than adults.

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Segmentation:Global Spinal Stenosis Treatment Market

­By Type

(Cervical Stenosis, Lumbar Stenosis),

Treatment

(Medication, Physical Therapy, Surgery and Others),

Drugs Class

(Analgesics, Antidepressants, Anti-Seizures, Corticosteroid and Others), Drugs (Naproxen, Amitriptyline, Gabapentin, Oxycodone and Others),

Route of Administration

(Oral, Intravenous, Intraspinal and Others),

Distribution Channel

(Hospital Pharmacy, Retail Pharmacy, Online Pharmacy),

End-Users

(Hospitals, Homecare, Specialty Clinics, Others),

Geography

(North America, Europe, South America, Asia-Pacific, Middle East and Africa)

Market Drivers

Worldwide growing aging population is driving the market growth for spinal stenosis treatment
Increase in the obese population suffering from spine deformities is accelerating the market growth
Rising prevalence of spinal disorders such as degenerative scoliosis and degenerative spondylolisthesis is boosting the market growth
Growing popularity and adoption of minimally invasive spine surgery procedures is enhancing the market growth

Market Restraints

High cost of surgical treatment is hindering the market growth
Stringent government regulations on approval of drugs is hampering the market growth for spinal stenosis treatment
Unclear reimbursement policies is hindering the market growth
Lack of highly skilled and experienced physicians will also restraint the market growth in the forecast period

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