Degenerative Disc Disease Treatment Market Worth to Outgrow by USD 3290.47 million By 2027
Posted On August 26, 2021
According to the research report by Value Market Research, the Global Degenerative Disc Disease Treatment Market is likely to grow to USD 3290.47 million by 2027 with a CAGR of 9% during the year 2021-2027. The key factor driving the degenerative disc disease treatment market during the forecast period is increasing incidence of degenerative disc disease in adults and rapidly growing geriatric population across the globe. The market is also anticipated to exhibit considerable growth owing to the technological advancements made in this field, such as introduction of new and improved disc replacement surgical tools. The global degenerative disc disease treatment market is expected to observe significant growth due to the fact that the key market players are coming up with new stem cell solutions in order to treat the disease more effectively and concentrating on mergers and acquisitions for boosting sales and distributing their products across the globe. In addition, sports related injuries and obesity will also accelerate the demand for DDD treatments. However, the growth of degenerative disc disease treatment market may get hampered due to the fact that treatment for DDD treatment such as spinal fusion and artificial disc replacement are very expensive. Lack of favorable reimbursement policies is another factor restricting its market.
Degenerative disc disease (DDD) is a medical condition in which one or more discs present between the vertebrae of the spinal cord tears, cracks or dries out and the cushioning in the spine starts to wear off resulting in pain. It naturally occurs with advancing age as the discs between the vertebrae no longer functions as before. The myriad options related to degenerative disc disease treatment includes medications such as NSAIDS, steroids, and muscle relaxers, physical therapy, occupational therapy, special exercises, radiofrequency neurotomy, weight loss and ultimately surgery. Patients not responding to non-invasive treatments may need to opt for surgery that includes spinal fusion and decompression surgery. In spinal fusion, two vertebrae are joined together to provide stability to the spine whereas in decompression surgery a portion of the joint in the disc is removed to ease pressure on the nerves.
"Global Degenerative Disc Disease Treatment Market Report By Product Type (Drugs (Acetaminophen, NSAIDs, Oral Steroids, Muscle Relaxants), Devices (Cervical Spine, Lumbar Spine, Thoracic Spine, Spinal Fusion) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of product type the market is segmented into Drugs (Acetaminophen, NSAIDs, Oral Steroids, Muscle Relaxants), Devices (Cervical Spine, Lumbar Spine, Thoracic Spine, Spinal Fusion). By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Degenerative Disc Disease Treatment is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Degenerative Disc Disease Treatment Market -
By Product Type
- Oral steroids
- Muscle Relaxants
- Cervical Spine
- Lumbar Spine
- Thoracic Spine
- Spinal Fusion
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Johnson & Johnson, Medtronic Plc., Globus Medical Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, RTI Surgical Holdings, Inc., Cousin Biotech, Ulrich Medical USA, Inc., Fresenius Kabi AG, and Abbott Laboratories.
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