According to the most recent research from Future Market Insights, the Interlaminar Device Market will grow by 5.4% between 2021 and 2031. Interlaminar device typically refers to a disease defined by nerve root compression and spinal canal shrinkage caused by a variety of pathologic causes, which results in symptoms such as pain with tingling, numbness, and weakness. Spinal stenosis can affect the cervical, lumbar, or (rarely) thoracic spine.
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What is Driving Demand for Interlaminar Device?
The advancement of spine surgery technologies, the increasing incidence of spinal disorders, the launch of advanced bone grafting products, and the increasing adoption of minimally invasive spine surgeries are all driving growth for interlaminar devices.
Furthermore, key players around the world are focusing on technological advancements to improve the efficacy of interlaminar devices, expand their market application, and assist with inventive growth opportunities. Furthermore, introducing a unique product to the market enables businesses to gain a competitive advantage and increase product adoption.
Which factors are likely to Augment Growth of Interlaminar Device Market?
The growth of interlaminar devices is likely to be fueled by technological factors, which include shorter hospital stays and recovery times, faster and longer-lasting pain relief, better treatment adaptability, and adjacent layers that move naturally.
For example, in May 2018, the FDA granted pre-market approval to Paradigm Spine disposable instrument kit coflex® Interlaminar stabilisation. Coflex® interlaminar stabilisation is the only posterior lumbar motion preservation solution that provides long-term results for patients with moderate to severe spinal stenosis.
U.S. and Canada Interlaminar Device Market Outlook
In the current scenario, North America has the largest market share for interlaminar devices. The growing adoption and penetration of interlaminar devices in the US and Canadian markets is primarily due to an increase in the number of patients with spinal cord injury, improved healthcare facilities, and organisations such as the North American Spine Foundation all working to raise awareness and educate healthcare providers and the general public about various medical conditions.
According to the National Spinal Cord Injury Statistical Center, approximately 285,000 people in the United States suffered from spinal cord injuries in 2017.
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Europe Demand Outlook for Interlaminar Device
The European region is poised to witness a dominant demand for interlaminar devices as a result of improving healthcare infrastructure, rising awareness, an improving reimbursement scenario, and expanding insurance coverage.
Other factors contributing to this trend in Europe include rising treatment rates for degenerative spine diseases, an ageing population, medical technological advances, and an increase in demand for minimally invasive treatments.
Who are the Key Manufacturers and Suppliers of Interlaminar Device?
The key companies operating in manufacturing and supply of interlaminar device market include
- NuVasive
- Life Spine
- Lanx acquired by BioMet
- X-Spine
- Pioneer Surgical
- Alphatec
- Paradigm Spine
- Spine Frontier
- Amedica Corp.
- Bioventus
- Camber Spine Technologies
- DePuy Synthes
- Implanet
- Mazor Robotics
- Meditech Spine.
By developing novel interlaminar devices, the key players implement growth strategies for product portfolio expansion. The companies also have extensive distribution systems in place to generate effective sales revenue.
The report is a compilation of first-hand information, qualitative and quantitative analysis by industry analysts, and input from industry experts and value chain participants. The report examines parent market trends, macroeconomic indicators, and governing factors, as well as market attractiveness by segment. The qualitative impact of various market factors on market segments and geographies is also depicted in the report.
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Interlaminar Device Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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