Interlaminar Device Market size is predicted to reach USD 930 Million by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of interlaminar device was USD 558.4 Million. The reason behind the growth is the surging rate of minimally invasive spine surgeries. For instance, to treat spinal conditions such as spinal stenosis, an interlaminar device is frequently used to reduce pain and offer the required support to the spine. According to the data published in 2020, more than 300 million surgeries are performed each year.
The growing advancements in spine surgery technologies across the globe are believed to fuel market growth. For instance, newer and safer techniques are being developed which result in shorter stays in hospitals and are known to be more effective.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6 % |
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Base Year Market Size (2022) |
~ USD 558.4 Million |
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Forecast Year Market Size (2035) |
~ USD 930 Million |
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Regional Scope |
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End-User Industry (Hospitals, Clinics, Ambulatory Surgical Centers, Skilled Nursing Facilities)
The hospitals segment in the interlaminar device market is estimated to gain a robust revenue share in the coming years owing to the increasing spending on hospitals across the globe. Hospitals may be able to invest in advanced interlaminar devices as a result of increased funding. This will also enable access to more resources within hospital premises and will lead to more patients looking for the treatment of chronic pain.
Surgery Type- (Open Surgery, Minimally Invasive Surgery)
The minimally invasive surgery segment is set to garner a notable share shortly on account of rising cases of chronic disorders. Chronic conditions such as chronic pain can be treated with minimally invasive surgery, as it causes less pain and increases the recovery rate, which often involves the use of tools including interlaminar devices, and neurostimulator devices.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Surgery Type |
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End User |
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North American Market Statistics
The interlaminar device market in North America is predicted to account for the largest share of 38 % by the end of 2035. The market growth in the region is impelled by the rising adoption of interlaminar devices in the region. Countries such as the US, Mexico, and Canada are reported to have rising cases of spinal cord injuries resulting from road traffic accidents, falls, or rising aging populations. For instance, in the U.S., 21.5% of adults were found to include sports and exercise in their daily routines in 2021. Further, this is most likely to rise the demand for the interlaminar device in the area as it is used to stabilize the spine and protect it from any severe damage.
European Market Forecast
The European interlaminar device market is estimated to be the second largest with a share of 26%, during the forecast timeframe. The European market is poised to observe a dominant market for interlaminar devices as a result of better healthcare infrastructure, greater awareness, an improved reimbursement picture, and expanding insurance coverage.
Author Credits: Radhika Gupta, Shivam Bhutani
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