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Spinal Cord Compression-Spinal Stenosis Market Progresses for Huge Profits by 2023

03-14-2018 08:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Spinal Cord Compression-Spinal Stenosis Market Progresses

The Global Spinal Cord Compression-Spinal Stenosis Market 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.

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.

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Key players:

The key players in the global spinal cord compression- spinal stenosis market are 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, Inc. (U.S.), Alphatec Spine, Inc. (U.S), Paradigm Spine (U.S.), and Vertos Medical Inc. (U.S.). Vertiflex Inc. (California), General Electric Company (U.S.), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Siemens Healthcare GmbH (Germany), Toshiba Medical Systems (Japan), Aurora Imaging Technology, Inc. (U.S.), Neusoft Corporation (China), and Neurologica Company Ltd. (London) are among others.

Regional Analysis

America dominates the global spinal cord compression-spinal stenosis market due to increasing prevalence of the spinal stenosis, presence of a well-developed healthcare sector and growing geriatric population are the factors driving the market growth within the region. Europe holds the second largest spinal cord compression- spinal stenosis market. Growing geriatric population, a well-developed healthcare sector, huge patient pool, and government support for the research and development are the major drivers within the region. On regional basis Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market growth due to the presence of developed economies like U.K, France, Germany, and others within the region. On the other hand, Eastern Europe is estimated to be the fastest growing region. Asia Pacific is the fastest growing region for the market. Presence of developing economies, rising healthcare expenditure and growing geriatric population drives the market growth within the region. Middle East & Africa has the least share in the global spinal cord compression-spinal stenosis market. This can be attributed due to the presence of poor economies, low per capita healthcare expenditure, stringent government policies, especially within the African region.

Brief TOC

Research Methodology
Market Dynamics
Market Factor Analysis
Global Spinal Cord Compression-Spinal Stenosis Market, By Indications
Global Spinal Cord Compression-Spinal Stenosis Market, By Diagnosis
Global Spinal Cord Compression-Spinal Stenosis Market, By Treatment
Global Spinal Cord Compression-Spinal Stenosis Market, By Implants

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Global Spinal Cord Compression-Spinal Stenosis Market, By End Users
Global Spinal Cord Compression-Spinal Stenosis Market, By Region
Competitive Landscape
Company Profile

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