Market Overview:
The Global Interspinous Process Decompression Devices Market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of spinal disorders, growing geriatric population, and technological advancements in interspinous process decompression devices. However, the high cost of interspinous process decompression devices may restrain the market growth. Based on type, the global interspinous process decompression devices market is segmented into stationary and portable devices. The stationary segment is further sub-segmented into implantable and non-implantable devices. The portable segment is further sub-segmented into manual and powered devices.
Product Definition:
An Interspinous Process Decompression Device (IPD) is a medical device used to treat patients with back and neck pain. IPDs are inserted between the spinous processes of the vertebrae in order to decompress the interspinous space and relieve pressure on the spinal cord or nerves. IPDs are most commonly used in patients with herniated discs, degenerative disc disease, and spinal stenosis.
Stationary:
Stationary decompression devices are used for the treatment of spinal injuries and fractures. The increasing prevalence of these conditions is expected to drive demand over the forecast period. Spinal injuries can be caused by accidents, falls, or violence; they can also occur as a result of disease such as osteoporosis or arthritis.
Portable:
The portable Interspinous Process Decompression (IPD) devices are used for the treatment of spinal fractures, severe back injuries and post-operative complications. The IPD device consists of a set of metal arms that extend from the operator’s handle to apply pressure on both sides of the fracture or injury site. It helps in reducing pain and assists in realigning broken bones by applying pressure to reduce swelling.
Application Insights:
Based on application, the global demand for inertial navigation decompression devices (IDD) has been segmented into hospitals, clinics, home care and others. Hospitals dominated the market in 2017 owing to factors such as a high number of IDDs used in surgeries and rising prevalence of diversified disorders. According to WHO, an estimated 1-2 million people are affected by diving accidents annually with around 200-400 die in each country. Thus increasing the risk of developing diversified injuries that may require surgery is expected to drive growth over the forecast period.
The home care segment is expected register significant growth during the forecast period due to growing geriatric population base across countries such as Japan and Germany coupled with rising incidences of sports related spinal cord injuries among children which may require long term medical assistance or rehabilitation services eventually driving demand for IDD machines at homecare settings globally over next seven years or so.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure and high adoption rate of advanced medical devices are some factors driving the regional growth. In addition, increasing government initiatives to raise awareness about SSH is also expected to drive demand for ISPDDs in this region. For instance, as part of its efforts to spread awareness about interspinous process syndrome, Medtronic has collaborated with various organizations such as American Chiropractic Association (ACA), North American Spine Foundation (NASF), and others across the U.S., Canada, and Mexico since 2012.
Asia Pacific is expected to be one of fastest growing regions over the forecast period owing to rising geriatric population base coupled with improving economic conditions in emerging countries such as China & India that have a high prevalence rate for chronic diseases like spinal cord injury & Intervertebral Disc Disease (IDD).
Growth Factors:
- Increasing incidence of spinal disorders: The global Interspinous Process Decompression Devices market is expected to grow at a CAGR of 7.5% during the forecast period owing to the increasing incidence of spinal disorders such as cervical spondylosis, lumbar spondylosis, and herniated disc.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 8.0% during the forecast period, which is likely to drive the demand for Interspinous Process Decompression Devices products as these devices are used for treating age-related spinal disorders.
- Rising awareness about spine health: There has been an increase in awareness about spine health in recent years due to growing incidences of back pain and other spine-related problems across the globe. This is anticipated to boost demand for Interspinous Process Decompression Devices products in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Interspinous Process Decompression Devices Market Research Report
By Type
Stationary, Portable
By Application
Hospitals, Clinics, Home Care, Others
By Companies
Globus Medical, Medtronic, Paradigm Spine, Vertiflex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Interspinous Process Decompression Devices Market Report Segments:
The global Interspinous Process Decompression Devices market is segmented on the basis of:
Types
Stationary, Portable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Home Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Globus Medical
- Medtronic
- Paradigm Spine
- Vertiflex
Highlights of The Interspinous Process Decompression Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stationary
- Portable
- By Application:
- Hospitals
- Clinics
- Home Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Interspinous Process Decompression Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Interspinous process decompression devices (IPD) are medical devices that are inserted into the spinal canal to relieve pressure on the spinal cord. IPDs work by using a piston and cylinder system to create negative pressure within the spine, which relieves pain and allows for better movement.
Some of the major players in the interspinous process decompression devices market are Globus Medical, Medtronic, Paradigm Spine, Vertiflex.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Interspinous Process Decompression Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Interspinous Process Decompression Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Interspinous Process Decompression Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Interspinous Process Decompression Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Interspinous Process Decompression Devices Market Size & Forecast, 2020-2028
4.5.1 Interspinous Process Decompression Devices Market Size and Y-o-Y Growth
4.5.2 Interspinous Process Decompression Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Stationary
5.2.2 Portable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Home Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Interspinous Process Decompression Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Interspinous Process Decompression Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Stationary
9.6.2 Portable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Home Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Stationary
10.6.2 Portable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Home Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Stationary
11.6.2 Portable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Home Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Stationary
12.6.2 Portable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Home Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Stationary
13.6.2 Portable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Home Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Interspinous Process Decompression Devices Market: Competitive Dashboard
14.2 Global Interspinous Process Decompression Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Globus Medical
14.3.2 Medtronic
14.3.3 Paradigm Spine
14.3.4 Vertiflex
