Interspinous Process Decompression Devices Market Demand and Growth Analysis By Global Key Players Abbott Spine, Paradigm spine, Medtronic Plc. Vertiflex, Inc.

Interspinous process decompression device also called as an interspinous spacer are medical implants used for the treatment of spinal stenosis. These devices are intended to reduce the spinal pain via positioning between the vertebrae through minimally invasive surgical procedures. Interspinous process decompression device is one of the types of dynamic stabilization devices used for non-fusion spinal surgery, designed to be permanently implanted between two interspinous processes in lower spine without attaching screws or hardware to the bone or ligaments.

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Interspinous Process Decompression Devices Market – Drivers

Since the recent past, minimally invasive surgical procedures have gained traction resulting in the development of various interspinous process decompression device. The global interspinous process decompression device market is expected to be driven by the new product launches by the market players. For instance, in 2015, Vertiflex, Inc., an innovator in minimally invasive intervention for spinal stenosis, received Premarket Approval Application (PMA) order from the U.S. Food and Drug Administration (FDA) for its product, Superion, indicated for moderate lumbar spinal stenosis. The Superion is least invasive motion preserving device in interspinous spacers’ category. In 2015, the implant was successfully implanted in 2,000 patients around the world as a part of the study and is expected to be available in the US market during the forecast period.

Interspinous Process Decompression Devices Market - Regional Analysis

Based on geography, the interspinous process decompression devices market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. The North American interspinous process decompression device market holds a dominant position attributed to increasing adoption rate for new technologies. Furthermore, Asia Pacific is expected to witness fast growth during the forecast period, owing to increasing medical facilities and increasing geriatric pool. For instance, according to Economic and Social Commission for Asia and the Pacific, 2016, between 2015 and 2030, a number of people aged 60 years or older are projected to increase in Asia by 66%.

Interspinous Process Decompression Devices Market – Competitor

Abbott Spine, Paradigm spine, Medtronic Plc. and Vertiflex, Inc. are the key players implementing novel inorganic strategies for gaining maximum market shares, in turn strengthening market position. For instance, in 2015, Vertiflex, Inc., introduced two significant reimbursement milestone to broaden their opportunity for Superion (interspinous spacer). The reimbursement includes the transition of Category III code to Category I, erasing the longstanding uncertainty associated with coverage and payment involved in category III. Furthermore, Superion based minimally invasive procedure in Ambulatory Surgical Centers will afford Medicare beneficiaries increasing the access. Both reimbursement plans are expected to expand the market opportunity for Superion and in turn, increase the company revenues.

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Interspinous Process Decompression Devices Market - Taxonomy

By Product Type :-

• X-STOP
• DIAM
• Coflex
• Wallis
• Others

By Flexibility :-

• Compressible
• Non-compressible

By End User :-

• Hospital
• Ambulatory Surgical Centers

By Region :-

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

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