The global demand for Motion Preservation Devices Market is presumed to reach the market size of nearly USD 2099.05 BN by 2030 from USD 643.44 BN in 2022 with a CAGR of 14.04% under the study period 2023 - 2030.
Motion preservation devices are used to treat spine disorders such as spinal stenosis, which is very common and occurs in both men and women and helps align and restore regular spine motion. Motion preservation devices provide stabilization and eliminate pain while preserving the motion of the functional spinal unit. These devices allow the patient to hold the spinal cord's flexibility and movement. Motion preservation devices usually follow a minimally invasive procedure, which preserves or re-generates normal motion of the spine.
Market Dynamics
The increasing prevalence of spine problems due to smoking, obesity, and sedentary lifestyle is leading factor driving the market growth. Moreover, the growing number of spine disorders combined with the increase in the senior population is the major factor driving the motion preservation devices market growth. In addition, technological advancement and development in bone graft products will drive the overall market for motion preservation devices. Further, patients preference for minimally invasive surgeries over traditional open surgery procedures drives the global demand for motion preservation devices. However, the high procedure cost is likely to limit the growth of the motion preservation devices market
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of motion preservation devices. The growth and trends of motion preservation devices industry provide a holistic approach to this study.
Market Segmentation
This section of the motion preservation devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Surgery
- Minimally Invasive Spine Surgery
- Open Spine Surgery
By Product Type
- Dynamic Stabilization Devices
- Artificial Discs
- Annulus Repair Devices
- Nuclear Disc Prostheses Device
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Motion Preservation Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Motion Preservation Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the motion preservation devices market include Aurora Spine Corporation, B. Braun Melungeon AG, Globus Medical Inc., HPI Implants, Johnson & Johnson, Paradigm Spine, LLC RTI Surgical Inc., Spinal Kinetics Inc., Ulrich GmbH & Co., KG, Zimmer Biomet Holdings Inc.This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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