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- For persons over 65 years undergoing spine surgery, LSS is the most common preoperative diagnosis. Therefore, rising number of elderly people is expected to drive of Lumbar Spinal Stenosis (LSS) segment in the market
- The introduction of innovative products throughout the world is predicted to expand the interspinous spacers market during the forecast period
WILMINGTON, Del., Aug. 12, 2022 /PRNewswire/ — The interspinous spacers market size was valued at US$ 70.94 Mn in 2021. The global market is expected to rise at a CAGR of 6.09% during the forecast period, from 2022 to 2031. The global interspinous spacers market is predicted to attain value of over US$ 127.33 Mn by 2031. The global interspinous spacers market is being driven by a rise in the elderly population, increasing demand for minimally invasive technologies, as well as advent innovative products.
Age raises the likelihood of lumbar spinal disorders and degenerative disc disease. In patients over 65 years, lumbar spinal stenosis (LSS) is considered the most frequent cause of spine surgery. The interspinous spacer, also known as the vertical spacer, is used to relieve LSS-related discomfort. Leading players in the interspinous spacers market have made major R&D investments to create and introduce interspinous spacers. Over the past several years, numerous product launches and commercialization have taken place all over the world. The global market, however, is expected to be constrained by the high percentage of reoperation risk following the insertion of interspinous spacers.
In addition, the Population Reference Bureau (PRB) reported that the low birth rate in regions like Asia Pacific and Europe is causing the elderly population to grow more quickly than in other industrialized or developing regions. The growth of the interspinous spacers market is expected to be driven by frequent introduction of new products and commercialization of those products across the world.
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Key Findings of Market Report
- In 2021, the interspinous spacers market was dominated by the static segment. New product launches, low static spacer costs, …
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