Global Interlaminar Device Market to Witness Growth by a CAGR of ~5% throughout 2022 – 2031 Owing to the Rising Developments in Spinal Surgery Technologies Around the World

New York, United States, Sun, 27 Mar 2022 12:59:31 / Comserve Inc. / -- Top Key Players Covered By NuVasive, Inc., Zimmer Biomet, Life Spine, Inc., Xtant Medical, Alphatec Holdings, Inc., Amedica Corporation, Paradigm Health System, Bioventus LLC

Research Nester published a report titled "Interlaminar Device Market: Global Demand Analysis & Opportunity Outlook 2031" which delivers detailed overview of the global interlaminar device market in terms of market segmentation by product type, surgery type, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global interlaminar device market is estimated to occupy a large amount of revenue by growing at a CAGR of ~5% during the forecast period, i.e., 2022 – 2031, ascribing to the upsurge in advancements in spine surgery technologies, and rising occurrence of spinal disorders across the globe. Along with these, growing focus to improve the healthcare infrastructure worldwide, and introduction of novel and unique products by market players worldwide are also expected to drive the growth of the market in the forthcoming years.

The market is segmented by product type, surgery type and end user. Based on surgery type, the minimally invasive segment is anticipated to observe significant growth during the forecast period in view of the less postoperative pain, and fewer operative and post-operative major complications involved with this type of surgery. Additionally, by end user, the hospitals segment is projected to grab the largest share over the forecast period attributing to the high emphasis of patients to get treatment from skilled professionals, and ample availability of advanced medical equipment in a hospital facility.

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Geographically, the global interlaminar device market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to gather the largest share in the market during the forecast period attributing to the growing number of patients with spinal cord injuries, and presence of well-established healthcare infrastructure in the region. Moreover, the market in Europe is also assessed to grab a notable share over the forecast period on the back of the favorable reimbursement scenario, and upsurge in treatment rates for degenerative spine diseases in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Advancements in Spinal Surgery Technologies Worldwide to Drive Market Growth

Over the last two decades, the total number of incidences of spinal disorders around the world have witnessed a significant upsurge. This is predicted to raise the development of advanced spine surgery technologies, including the adoption of minimally invasive surgeries and launch of sophisticated bone grafting products, which in turn is anticipated to drive significant market growth in the near future.

However, absence of proper healthcare infrastructure in underdeveloped regions is expected to operate as key restraint to the growth of the global interlaminar device market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global interlaminar device market which includes company profiling of NuVasive, Inc., Zimmer Biomet, Life Spine, Inc., Xtant Medical, Alphatec Holdings, Inc., Amedica Corporation, Paradigm Health System, Bioventus LLC, Medical Device Business Services, Inc., Meditech Spine, LLC, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global interlaminar device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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