Global Spinal Stenosis Devices Market to reach USD 4,131.08 million at a CAGR of 4.83% by 2030, Evaluates DelveInsight | Spinal Simplicity, Boston Scientific Corporation, Medtronic, Stryker, Surgalig

Some of the key Spinal Stenosis Devices companies in the market include- Spinal Simplicity, Boston Scientific Corporation, Medtronic, Stryker, Surgalign, Zimmer Biomet, NuVasive Inc., Sintea Plustek LLC, Orthofix Medical Inc., Globus Medical, Alphatec Holdings, Inc., Johnson & Johnson, NEO-MEDICAL SA, Premia Spine, ulrich GmbH & Co. KG, B. Braun Melsungen AG, Spineart, Meril Life Sciences Pvt. Ltd., Empirical Spine, Inc., Empirical Spine, Inc., Cousin Surgery, and others.

According to DelveInsight's analysis of spinal stenosis, there were 3,674,901 diagnosed cases of spinal stenosis in the United States in 2021, and it is projected that this number will rise to around 3,998,071 by 2030. Therefore, the growing elderly population, along with age-related bodily changes, is expected to directly contribute to an increase in spinal stenosis cases.

DelveInsight's "Spinal Stenosis Devices Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Spinal Stenosis Devices companies actively working in the market.

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Spinal Stenosis Devices Overview

Spinal Stenosis Devices are medical devices designed to treat spinal stenosis, a condition where the spaces within the spine narrow, putting pressure on the spinal cord and nerves. These devices include surgical instruments, implants, and braces used during procedures like decompression surgery, spinal fusion, or minimally invasive surgeries. They aim to relieve pain, improve mobility, and prevent further nerve damage by stabilizing the spine or decompressing the affected areas. Examples include spinal rods, screws, and intervertebral spacers.

DelveInsight Analysis: The global spinal stenosis devices market size was valued at USD 3,122.95 million in 2023 and is expected to grow at a CAGR of 4.83% from 2024 to 2030, reaching USD 4,131.08 million by 2030.

Spinal Stenosis Devices Market Insights

Geographically, In 2021, North America accounted for the largest share of 59.57% in the spinal stenosis devices market. The primary driver of this growth is the consistent increase in spinal stenosis cases caused by spinal injuries and osteoarthritis. Osteoarthritis, particularly prevalent among women and the elderly, is a significant health concern, driving the market's expansion. According to the Centers for Disease Control and Prevention (CDC) in 2021, over 32.5 million adults in the US are affected by OA.

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Recent Developments in the Spinal Stenosis Devices Market Report

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In December 2021, Spinal Simplicity, a medical device company, revealed that the FDA has granted Indication for Use (IFU) approval for its Minuteman implant line to treat lumbar spinal stenosis.

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In October 2020, Stryker announced the full launch of the Niagara Lateral Access System, marking the expansion of its lateral spine portfolio, after successfully completing 600 surgeries.

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In June 2019, Boston Scientific Corporation announced the completion of its acquisition of Vertiflex, Inc., a privately-held company that developed and commercialized the Superion Registered Indirect Decompression System. This minimally invasive device is designed to enhance physical function and alleviate pain in patients with lumbar spinal stenosis (LSS), a condition where the narrowing of the spinal canal causes nerve compression.

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Thus, owing to such developments in the market, rapid growth will be observed in the Spinal Stenosis Devices market during the forecast period

Key Players in the Spinal Stenosis Devices Market

Some of the key market players operating in the Spinal Stenosis Devices market include- Spinal Simplicity, Boston Scientific Corporation, Medtronic, Stryker, Surgalign, Zimmer Biomet, NuVasive Inc., Sintea Plustek LLC, Orthofix Medical Inc., Globus Medical, Alphatec Holdings, Inc., Johnson & Johnson, NEO-MEDICAL SA, Premia Spine, ulrich GmbH & Co. KG, B. Braun Melsungen AG, Spineart, Meril Life Sciences Pvt. Ltd., Empirical Spine, Inc., Empirical Spine, Inc., Cousin Surgery, and others.

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COVID-19 Impact Analysis on the Spinal Stenosis Devices Market

The increasing incidence of spinal injuries, caused by factors such as traumatic events, road accidents, sports injuries, and falls, is expected to be a major driver of the spinal stenosis devices market.

Additionally, The COVID-19 pandemic initially had a slightly negative effect on the growth of the spinal stenosis devices market due to lockdowns, border closures, and other disruptions that affected manufacturing, supply, import, export, and related activities. Additionally, the fear of spreading the SARS-CoV-2 virus led many countries to close spine clinics and specialty centers, except for emergency cases. However, with the resumption of activities across various industries, including healthcare, the spinal stenosis devices market has seen an uplift and is expected to experience growth during the forecast period from 2024 to 2030.

Scope of the Spinal Stenosis Devices Market Report

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Coverage: Global

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Study Period: 2020-2030

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Spinal Stenosis Devices Market Segmentation By Product Type: (Interspinous Spacers, Stabilization Systems, Spinal Arthroplasty Systems, And Interbody Fusion Devices), And Others

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Spinal Stenosis Devices Market Segmentation By Application Type: (Lumbar Spinal Stenosis, Cervical Spinal Stenosis, And Thoracic Spinal Stenosis), and others

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Spinal Stenosis Devices Market Segmentation By End-User: Hospitals, Ambulatory Surgical Centres, and others

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Spinal Stenosis Devices Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World

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Key Spinal Stenosis Devices Companies: Spinal Simplicity, Boston Scientific Corporation, Medtronic, Stryker, Surgalign, Zimmer Biomet, NuVasive Inc., Sintea Plustek LLC, Orthofix Medical Inc., Globus Medical, Alphatec Holdings, Inc., Johnson & Johnson, NEO-MEDICAL SA, Premia Spine, ulrich GmbH & Co. KG, B. Braun Melsungen AG, Spineart, Meril Life Sciences Pvt. Ltd., Empirical Spine, Inc., Empirical Spine, Inc., Cousin Surgery, and others

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Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

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Table of Contents

1

Spinal Stenosis Devices Market Report Introduction

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Spinal Stenosis Devices Market Executive summary

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Regulatory and Patent Analysis

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Spinal Stenosis Devices Market Key Factors Analysis

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Porter's Five Forces Analysis

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COVID-19 Impact Analysis on Spinal Stenosis Devices Market

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Spinal Stenosis Devices Market Layout

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Global Company Share Analysis - Key 3-5 Companies

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Company and Product Profiles

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Project Approach

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Spinal Stenosis Devices Market Drivers

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Spinal Stenosis Devices Market Barriers

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About DelveInsight

About DelveInsight

DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.

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