[342 Pages Report] The global motion preservation devices market is forecasted to be valued at USD 3.0 million by 2032, up from USD 1.7 million in 2022, advancing at a CAGR of 5.3% during the forecast period.
| Report Attribute | Details |
|---|---|
| Motion Preservation Devices Market Value (2022) | USD 1.7 Million |
| Motion Preservation Devices Market Anticipated Value (2032) | USD 3.0 Million |
| Motion Preservation Devices Projected Growth Rate (2022 to 2032) | 5.3% |
Motion preservation devices are used for treating disorders related to the spine, which maintain alignment and restore the spine motions.
The demand for motion preservation devices is increasing as they maintain normal or near-normal motion to prevent adverse outcomes seen in spinal fusion.
Moreover, motion preservation devices are minimally invasive in nature, and it preserves or re-establishes normal motion of the spine. Pinal disorders are most common in the geriatric population, and due to aging, there are structural changes in the spine, which is creating traction for the adoption of motion preservation devices and fueling the market growth for motion preservation devices.
The market growth can be attributed to factors such as the increasing number of arthroplasty procedures along with the rising incidence of trauma resulting in joint fracture. It is anticipated that the motion preservation devices market is likely to witness a significant growth during the forecast period.
The preference for minimally invasive spine surgery over traditional open surge treatment procedures is driving the demand for motion Preservation devices globally.
Moreover, there is a very low cost involved in minimally invasive surgical procedures as compared to the previous traditional means of surgeries. There is also a rise in the geriatric population, which is fueling the growth of the global motion Preservation devices market.
In addition to that, an increase in technological advancement and development in bone graft products will boost the overall market for motion preservation devices. Due to the increase in popularity, other motion preservation products will have a significant portion of the motion preservation devices market.
It is projected that artificial disc replacement devices dominate the market due to the adoption of the same, and motion Preservation surgeries help in restoring motion that is leading to increased adoption of surgical procedures.
Furthermore, the main purpose of motion preservation devices is to provide better treatment than spine fusion with pain for the patient and loss of function caused in spines such as lumbar spinal stenosis, degenerative disc disease, and facet pain, therefore, the motion preservation devices market is gaining traction globally.
On the other hand, incidences of diseases such as spinal disorders & neurological disorders and advancements in surgical techniques create new opportunities in the coming years.
It is anticipated that the motion Preservation devices involve expensive implants and the high procedure cost associated with the plantation is likely to restrain the growth of the motion preservation devices market.
Furthermore, there are stringent regulatory approvals and unfavorable reimbursement scenarios, which is likely to inhibit the growth of the motion preservation devices market.
At present, the North American region is accountable for 33.1% of the total motion preservation devices market share.
Due to the adoption of several motion preservation techniques and the usage of cervical artificial disc replacement which allows for decompression of the spinal cord and nerve roots and maintains natural movement in the neck that is usually indicated for patients with stenosis and disc herniation, the market demand is being driven in North America.
Additionally, lumbar artificial disc replacement in this region for spine disorder patients is allowing the decomposition of the nerve roots and spinal canal and is maintaining the natural movement of the back for the geriatric population, fuelling the market size of motion Preservation devices.
Europe is currently accountable for a 29.1% share of the total motion Preservation devices market.
In this region, there is an increase in preference for motion Preservation devices. This is due to the presence of major companies and vendors that have focused on product development to serve dual procedures and mitigation of the disability rate caused by spinal injuries.
How are New Entrants Revolutionizing the Motion Preservation Devices Market?
The start-up ecosystem in the motion Preservation devices market is intense with frequent innovations being made. Start-ups in the motion Preservation devices market are focusing on improvising the devices for better implementation in surgical procedures.
ZygoFix develops a miniature implant that achieves spinal fusion and stability without screws. The medical device is called zLOCK and its unique design allows it to adjust to the joint’s natural geometry and provide stabilization. The zLOCK is made from rigid titanium with a porous texture and the minimal invasiveness required to place the implant is yet another essential benefit. Some of the other start-ups include TracInnovations, ABLE, and other.
Who are some of the Key Market Players in the Motion Preservation Devices Market?
Some of the key players in the Motion Preservation Devices Market are HPI Implants, Paradigm Spine, RTI Surgical, Inc., B. Braun Melsungen AG, Depuy Synthes, Globus Medical, Inc, Spinal Kinetics, Zimmer Biomet Holdings, Inc., Ulrich GmbH & Co. KG.
The key market players have adopted product development strategies such as approvals, product launches, and clinical trials. Constant efforts are being made in improvising the techniques of surgical procedures.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, Design, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | HPI Implants; Paradigm Spine; RTI Surgical, Inc.; B. Braun Melsungen AG; Depuy Synthes; Globus Medical, Inc; Spinal Kinetics; Zimmer Biomet Holdings, Inc.; Ulrich GmbH & Co. KG. |
| Customization | Available Upon Request |
The growth outlook for the motion preservation devices market is predicted to advance at a CAGR of 5.3% from 2022-to 2032.
The North American region is anticipated to lead the motion preservation devices market during the forecast period.
The motion preservation devices market is likely to hold a valuation of USD 2439.0 million by 2032.
The hospital & healthcare industry sector is the key driver in the motion preservation devices market.
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Motion Preservation Devices Market
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