Global Motion Preservation Devices Market Size By Product (Dynamic Stabilization Devices, Artificial Discs Replacement Devices, Annulus Repair Devices, Nuclear Disc Prostheses Devices), By Surgery (Open Spine Surgery, Minimally Invasive Spine Surgery), By Geographic Scope And Forecast
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Motion Preservation Devices Market Size By Product (Dynamic Stabilization Devices, Artificial Discs Replacement Devices, Annulus Repair Devices, Nuclear Disc Prostheses Devices), By Surgery (Open Spine Surgery, Minimally Invasive Spine Surgery), By Geographic Scope And Forecast
Motion Preservation Devices Market Size And Forecast
Motion Preservation Devices Market size was valued at USD 1.6 Billion in 2023 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 8.7% from 2024 to 2030.
Rising spinal disorders across all age groups around the world due to changing lifestyles may act as a driving factor for the market. Technological advancements along with increasing awareness in the segment will act as a boosting factor for the market during the projected period. The Global Motion Preservation Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Motion Preservation Devices Market Definition
The Motion Preservation Devices are used to restore the natural motion of the Spinal Cord. Motion preservation devices can treat pathologies that are untreatable with the traditional procedures of fusion. Spinal Disorders like bone enlargement and thickening of the band of tissues in the spine lead to structural changes in the spinal cord. The geriatric population usually suffers from spinal stenosis. These devices help the patient to hold the flexibility and movement of the spinal cord.
There are four categories of motion preservation devices namely Total Disc Replacement, Prosthetic Nucleus Replacement, Posterior Dynamic Devices, and Facet Replacement. Motion preservation is an intuitively attractive alternative to spinal arthrodesis, theoretically preventing adjacent level degeneration. Long-term stability, endurance, and the strength of the prosthesis are unknown for a majority of implants. The Motion preservation in the posterior elements of the spine is arguably a simpler task, as compared to that of the intervertebral disc.
The Motion preservation devices follow usually a minimally invasive procedure, that preserves or re-generates normal motion of the spine. This disorder most commonly occurs in the geriatric population, as aging causes some structural changes in the human spine such as thickening of tissue’s band (that supports spine) and enlargement of bones and joints.
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Global Motion Preservation Devices Market Overview
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The rise in the geriatric population suffering from spinal stenosis is driving the Motion Preservation Devices Market. Rising spinal disorders across all the age groups around the world due to changing lifestyles may act as a driving factor for the market. The technological advancements along with the increasing awareness in the segment will act as a boosting factor for the market during the projected period.
A growing number of spine disorders combined with the increase in the geriatric population and the technological advancement in motion preservation devices are the major factor driving the growth of the Motion Preservation Devices Market. The increase of the minimally invasive spine procedure’s popularity among other procedures and the growth in patient awareness in advanced spine surgeries will enhance the growth of the overall market of motion preservation devices. Motion preservation surgery helps to restore the motion that has led to the increasing adoption of surgical procedures. Stringent regulatory approvals and the unfavorable reimbursement scenario will inhibit the growth of the Motion Preservation Devices Market.
Major factors restraining the Global Motion Preservation Devices Market growth are the high cost of treatment, as these devices are very costly and the cost of surgery is also high. It is not affordable to the majority of the population in emerging economies. The major limitation in the motion preservation treatment includes a fusion of one or more segments, which leads to the changes in the biomechanics of the spine affecting the lumbar spine mobility. This affects the patient’s ability to adjust the spine position while performing routine activities such as switching from the sitting to the standing position or vice versa.
These factors are expected to restrain Global Motion Preservation Devices Market growth up to a certain extent. Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Motion Preservation Devices Market” is mainly bifurcated into sub-segments that can provide classified data regarding the latest trends in the market.
Global Motion Preservation Devices MarketSegmentation Analysis
The Global Motion Preservation Devices Market is Segmented on the basis of Product, Surgery, And Geography.
Motion Preservation Devices Market, By Product
- Dynamic Stabilization Devices
- Artificial Discs Replacement Devices
- Annulus Repair Devices
- Nuclear Disc Prostheses Devices
Based on Product, the market is bifurcated into Dynamic Stabilization Devices, Artificial Discs Replacement Devices, Annulus Repair Devices, and Nuclear Disc Prostheses Devices. Motion Preservation Devices such as artificial disc replacement devices dominate the market due to the rise in the adoption of artificial disc replacement.
Motion Preservation Devices Market, By Surgery
- Open Spine Surgery
- Minimally Invasive Spine Surgery
Based on Surgery, the market is bifurcated into Open Spine Surgery and Minimally Invasive Spine Surgery. The rise in the prevalence of spine injures is anticipated to drive the market. The advent of minimally invasive techniques and the rise in the incidence of spinal disorders due to a huge number of geriatric populations drive the Motion Preservation Devices Market. An increase in technological advancement and development in bone grafts products will boost the overall market of motion preservation devices.
Motion Preservation Devices Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Motion Preservation Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for a major share of the global market in 2018. The market in North America is driven by the presence of key players and the high rate of adoption of the technologies in the region. Additionally, a rise in the prevalence of spine injuries is likely to propel the market in the region. An increase in the geriatric population in the U.S. and a rise in the incidence of cardiovascular disease, diabetes, and spine injuries and their associated burdens are anticipated to fuel the market. The market in Europe is driven by an increase in the prevalence of spinal disorders in the region. The Asia Pacific is expected to grow in the forecast period due to improvement in the infrastructure in the healthcare field and an increase in the expenditure in the region. The low cost of surgical procedures in India as compared o developed countries has also boosted the overall Motion Preservation Devices Market.
Key Players
The “Global Motion Preservation Devices Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Aurora Spine Corporation, B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Globus Medical, Inc., HPI Implants, Paradigm Spine, RTI Surgical, Inc., Raymedica, Inc., Spinal Kinetics, Inc., and Zimmer Biomet Holdings, Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• Medtronic bought Stimgenics, a privately held firm located in the United States that pioneered a revolutionary spinal cord stimulation technique, in 2020.
• Symphony Occipitocervico-thoracic System was introduced by DePuy Synthes in 2019.
• Modulus TLIF-O was introduced by NuVasive in 2019.
• NuVasive and Biedermann Motech GmbH & Co. KG formed a strategic relationship in 2018 to share intellectual property and co-develop cutting-edge complicated spine solutions.
• Stryker Corporation introduced ProChondrix CR in 2018.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Aurora Spine Corporation, B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Globus Medical, Inc., HPI Implants, Paradigm Spine, RTI Surgical, Inc. |
SEGMENTS COVERED | • By Product• By Surgery• By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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