Spinal Cord Compression-Spinal Stenosis Market: Strategic Directions to Gain High Share in 2023

Market Research Future, recently published a study report – Global Spinal Cord Compression Spinal Stenosis Market Research Report- Forecast To 2023.This Reports summarizes the SWOT Analysis of Spinal Cord Compression Spinal Stenosis industry. Its analyze the global spinal cord compression-spinal stenosis market based on various factors - Price Analysis, Supply Chain Analysis, Porters Five Force analysis

Spinal cord compression-spinal stenosis market information: by indications (foraminal stenosis, lumbar spinal stenosis, cervical stenosis, central stenosis, others) by diagnosis (physical examination, imaging, computed tomography (CT), x-ray, others) by treatment (surgery, drug class, therapy) by implants and others) by end users -Global Forecast till 2023

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Segments:

The global spinal cord compression-spinal stenosis market is segmented

On the basis of indications, diagnosis and treatment, implants and end users.
Based on indications, the market has been segmented as foraminal stenosis, lumbar spinal stenosis, cervical stenosis, central stenosis and others. Based on the diagnosis,
The market has been segmented as physical examination, imaging (magnetic resonance imaging (MRI), computed tomography (CT), x-ray, others) and others.
Based on the treatment, the market has been segmented as surgery (laminectomy, laminoplasty, foraminotomy, interspinous process spacer, micro endoscopic decompression and others), drug class (non-steroidal anti-inflammatory drugs, steroids, opiates, others), therapy (physical therapy, heating pad and cold compress, others) and others.
Based on the implants, the market has been segmented as cages, screws, rods, spacers, plates and discs, grafts and others. Based on the end users, the market has been segmented as hospitals and clinics, academic and research and others.
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Market scenario:

Spinal stenosis is the abnormal narrowing of spinal canal causing it to restrict, which may result in a neurological deficit due to interference with neurological fibres. The associated symptoms include pain, numbness, loss of motor control etc. The location of stenosis determines the area of the body affected.

The market for spinal cord compression-spinal stenosis is rising due to factors such as rise in the cases of arthritis, congenital spinal defects, instability of the spine, and slip-disc due to reasons such as spondylitis, trauma and tumours. The market restraints are complications such as infection, pain and cost of treatment.

Considering all these factors the market for spinal cord compression-spinal stenosis is expected to reach $ 8.5 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 11.5 % during 2017-2023.

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Key players of Global Spinal cord compression-spinal stenosis Market:

Medtronic Inc.
Stryker Corporation
Orthofix International N.V.
Kyphon, Inc.
Zimmer Biomet
Paradigm Spine LLC
Alphatec Holdings Inc.
K2M Group Holdings Inc.
LDR Holding Corporation .
Regional analysis

US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global spinal cord compression-spinal stenosis. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.

The report for Global Spinal cord compression-spinal stenosis Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

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