Global Spinal Cord Compression Market Opportunities and Forecast 2020-2027

Global Spinal Cord Compression Market, By Type (Cervical, Lumber, Central and Other), By End User (Hospital, ASC, Rehab and others) opportunities and forecast 2020-2027

Market Overview

Increasing incidence of spinal stenosis, favourable reimbursement policies, increasing demands for minimally invasive procedures, and mounting geriatric population is predictable to drive market growth over the forecast period. Though, lack of skilled professional, high cost of therapeutic surgery and surgery-related difficulties are projected to restrain the growth over the projected period.

Segment Overview

Ideal policies for the reimbursement and also the rising demand for negligibly or minimally invasive surgeries by developing the geriatric populace is evaluated to support the market growth over the forecast period. Lack of highly skilled professional, higher therapeutic cost and knowledgeable physicians are projected to hinder growth of spinal cord compression or spinal stenosis market over the forecast period.

Regional Overview

North America dominates global spinal cord compression market due to growing prevalence of spinal stenosis, presence of well-developed healthcare sector as well as growing geriatric population are major factors driving market growth within region.
Europe holds second largest spinal cord compression market. Rising geriatric population, well-developed healthcare segment, vast patient pool, and the government support for R&D are major drivers within region. Europe is divided into UK, Germany, France, Italy, Spain, Russia and Rest of the Europe. UK leads the market growth due to presence of developed economies within the country. On the other hand, Eastern European countries are projected to be the fastest rising over the forecast period.

Asia Pacific is fastest growing region for the spinal cord compression market. Presence of emerging economies, increasing healthcare spending and rising geriatric population drives market growth within region. Middle East & Africa (MEA) has the least share in global spinal cord compression market. This can due to the presence of deprived economies, low per capita expenditure, strict government policies, particularly within the African region

Competitor overview

Ideal guidelines for reimbursement and increasing demand for the negligibly invasive surgeries by developing geriatric population is expected to support the market growth during the forecast period. Higher cost of therapeutic and lack of skilled and practised physicians are expected to hinder the growth of the spinal cord compression market during the forecast period.

Key Players

1. Johnson and Johnson Services Inc.
2. Medtronic
3. Stryker
4. NuVasive Inc.
5. Zimmer Biomet
6. Globus Medical Inc.
7. MicroPort Scientific Corporation
8. Orthofix International NV
9. K2M Inc.
10. Paradigm Spine
11. Alphatec Spine Inc.
12. Vertos Medical Inc.
13. General Electric Company
14. Vertiflex Inc
15. Hitachi Ltd.
16. Siemens Healthcare GmbH
17. Koninklijke Philips N.V.

Market Segmentation

By Type

• Cervical Stenosis
• Lumbar Spinal Stenosis
• Central Stenosis
• Others

By End User

• Ambulatory Surgical Centers,
• Hospitals,
• Rehabilitation Centers,
• Others

By Geography

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • Rest of LAMEA