Interspinous process decompression (IPD) is a minimally invasive procedure that is characterized by spinal stenosis. IPD is an example of advances in the field of minimally invasive spine surgery and is performed as an alternative to decompression spine surgery such as a laminectomy. This procedure is carried out by implanting a device called spacer or interspinous spacer. This implant is inserted between the spinous processes. Spinous processes are the thin, bony projections on the back of the spine, which can be felt when we run our hand over the spine.
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Increasing aging populations worldwide is one of the major factors that is driving growth of interspinous process decompression devices market. Spinal fusion is currently considered as the best for degenerative spine treatment, which accomplishes both deformity correction and stabilization.
Nowadays, people prefer nonfusion technologies, owing to a successful fusion procedure and this is expected to be a factor that restrain growth of interspinous process decompression devices.growth of interspinous process decompression devices market over the forecast period.
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Key Developments in Interspinous Process Decompression Devices Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain their position in the interspinous process of decompression devices market. On April 17, 2018, Medtronic expanded its focus on interventional oncology with the US launch of OptiSphere (TM) Embolization Spheres. On April 10, 2018, Medtronic announced the CE Mark and European Launch of the Visualase (TM) MRI-Guided Laser Ablation System.
In 2017, Global Medical announced that Excelsal GPS ™ was cleared by the US Food and Drug Administration (FDA). Furthermore, Paradigm Spine, LLC, a leader in the delivery of motion preservation solutions for the treatment of lumbar spinal stenosis, announces its publication of the ESCADA 2-year trial results in January 2018. In 2017, Vertiflex US $ 40 Mn financing round., Inc., a leading innovator of advanced, minimally invasive interventions for spinal stenosis.
Some of the key players operating in the inter-process decompression devices market include Globus Medical, Medtronic, Paradigm Spine, and Vertiflex.
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