INTERSPINOUS PROCESS DECOMPRESSION DEVICES MARKET ANALYSIS

Leading Companies

The popular interspinous process decompression device available commercially include X-STOP, DIAM (Device for Intervertebral Assisted Motion), Coflex, and Wallis. The major drivers for growth of the interspinous process decompression device market include new product launches, increasing incidences of spinal disorders, and increasing pool of geriatric population.

Interspinous Process Decompression Devices Market – Competitor

Abbott Spine, Paradigm spine, Medtronic Plc. and Vertiflex, Inc. are the key players implementing novel inorganic strategies for gaining maximum market shares, in turn strengthening market position. For instance, in 2015, Vertiflex, Inc., introduced two significant reimbursement milestone to broaden their opportunity for Superion (interspinous spacer). The reimbursement includes transition of Category III code to Category I, erasing the longstanding uncertainty associated with coverage and payment involved in category III. Furthermore, Superion based minimally invasive procedure in Ambulatory Surgical Centers will afford Medicare beneficiaries increasing the access. Both reimbursement plans are expected to expand the market opportunity for Superion and in turn increase the company revenues.