Spinal Laminoplasty Market

Spinal Laminoplasty Market - An Overview

The global spinal laminoplasty market is expected to witness strong growth during the forecast period between 2021 and 2031.

Spinal laminoplasty is a surgical procedure, which helps to decrease the pressure on the spinal cord. The procedure helps to create additional space in the spinal canal by making an opening in the lamina part of the vertebrae, thereby ensuring the comfortable movement of the spinal cord.

Spinal laminoplasty has emerged as a preferred option over laminectomy since the lamina is not removed from the spine in this process.

Spinal laminoplasty can be performed in two ways. When it involves only one vertebra, it is called single-level laminoplasty and when it involves more than one, it is called multi-level laminoplasty.

Some of the commonly deployed spinal laminoplasty devices include Center Piece Plate Fixation System, which has been developed by Medtronic and MOUNTAINEER Spinal System, developed by DuPaySynthes.

The COVID-19 pandemic adversely affected the spinal laminoplasty market owing to the decrease in the number of emergency surgical procedures and the number of patient admissions in the emergency department.

Spinal Laminoplasty Market - Trends and Opportunities

Rising demand for minimally invasive surgeries globally is the key growth driver for the spinal laminoplasty market.

Also, increasing geriatric population suffering from spine degeneration diseases is expected to fuel the spinal laminoplasty demand, in the coming years.

Innovations to existing spinal laminoplasty procedures are expected to bolster the spinal laminoplasty demand, in future.

Government initiatives and measures, promoting the benefits of spinal laminoplasty are anticipated to propel the spinal laminoplasty market, in the years ahead.

Cervical laminoplasty is anticipated to contribute the most to the overall market owing to increasing neck-related disorders among large population sections, globally.

The hospital end-use segment is expected to make the largest contribution to the global spinal laminoplasty market owing to increasing number of doctors adopting the procedure in hospitals, to cure vertebrae-related disorders.

Spinal Laminoplasty Market - Competitive Landscape

The global spinal laminoplasty market is extremely competitive, with the presence of several well-established players. Many of these players are expected to hold a large share in the overall market, in the years ahead.

Leading players could collaborate with the smaller market players in a bid to expand their market presence and increase their revenue share.

Growth strategies such as novel product launches could help prominent players gain a competitive edge over the other market players, in future.

In 2019, NuVasive Inc launched a cervical spine portfolio named C 360 and an Anterio Cervical Plating Systems, intending to improve the quality of spinal care.

R&D undertakings to produce improved quality of products could be a key growth strategy for well-established players in the spinal laminoplasty market, in the coming years.

Some of the prominent players in the global spinal laminoplasty market include Pioneer Surgical Technologies, NuVasive Inc., Zimmer Spine, DePuy Synthes, NP Solutions, and Cryo Life.

Spinal Laminoplasty Market - Regional Assessment

The global spinal laminoplasty market is classified into five regions, namely, North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

North America is expected to be the dominant region in the overall market due to the increased adoption of laminoplasty process in countries such as US and Canada.

Europe is projected to witness significant growth in the spinal laminoplasty market owing to factors such as increasing geriatric population and the presence of advanced healthcare infrastructure in countries such as UK and Italy.

Asia Pacific is anticipated to witness strong growth in the spinal laminoplasty market because of improving healthcare infrastructure facilities in countries such as India and Thailand.

Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in the global market, in the upcoming years.