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Slip Disc Market estimated to reach USD 11,011.3 million till 2023 | Prestigious Players like Captiva Spine, DePuy Synthes Companies, GlaxoSmithKline plc & more – By MRFR
MarketResearchFuture.com added new report of “Slip Disc Market”. It contains Company information, geographical Segmentation, in-depth Table of Content, and List of figures, data tables, Various Company Leaders & market synopsis up to 2023Global Slip Disc Market - Overview
The protective shock-absorbing pads between the bones of the vertebrae are called as discs. The injury or impairment to the disc especially due to age related wear and tear is known as slip disc or bulging disc or herniated disc. The damaged part of the disc bulges in the direction of spinal cord or the disc even ruptures this is called as slipped disc. When the disc tears open the fragmented part of the disc moves forward and backward generally in the direction of the vertebrae and can press into a local nerve root and cause pain. The occurrence of slip disc is mainly due to weaker outer ring which allows the inner ring to slip out.
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Maximum herniated discs do not resolve on their own. The pain may subside because of posture and structural compensation. The symptoms of herniated disc are loss of motor control and many others. Changes in lifestyle, environmental changes and lack of physical activity leads to occurrence of slip disc. Obese people are at high risk of having slip disc. Disc herniation, is the leading cause of lombosciatica, and results in a long and silent degenerative disc which will decompensate more or less abruptly on the occasion of an effort, sometimes minimal.
The launch of quick technologically advanced diagnostic medical devices is a major driving factor for the growth of the market. The drug manufacturers and medical devices companies are financing huge amount of money in research and clinical trials to offer effective solution for slip disc. Other factors such as growing elderly population, swelling government support, and rise in healthcare expenditure has boosts the growth of the market. Quick adoption of new therapies also plays a significant role in the rise of this market. However, the high cost of treatment and absence of skilled medical professionals in many emerging areas may limit the market growth.
Top Players:
Captiva Spine, Inc. (US), DePuy Synthes Companies (US), GlaxoSmithKline plc (UK), Globus Medical, Inc. (US), NuVasive, Inc. (US), Pfizer Inc. (US), and TEVA Pharmaceutical LTD (Israel).
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Global Slip Disc Market - Competitive Analysis
The Americas dominates the global market for slip disc as it holds the highest market share due to increasing demand for the advanced techniques in diagnostics, large elderly population, and acceptance of personalized medicines are the major factors for the growth of American market. Additionally, the advancement in technology and rise in government funds in research and development sector has fuelled the growth of the market in this region. With well-established market in the North America region and major players such as Captiva Spine, Inc., DePuy Synthes Companies, Pfizer Inc. the market for slip disc is growing.
Captiva Spine, Inc., an American multinational company headquartered in the US, is one of the leading players in slip disc market. Captiva Spine designs innovative medical and surgical apparatus, devices, appliances and instruments to help spine surgeons, healthcare facilities and tenured spine distributors. Captiva Spine offers Apollon, a minimally invasive spine surgery solution that provides control of the rod alignment and insertion process. capLOX Pedicle Screw System aids to speed surgical procedures and provides a quality spinal fixation during the healing process. SmartLox, a frontal cervical plate system eliminates the possibility of screws backing out of the plate. The company also offers Pivotec, a precise pivotal delivery system that delivers continuous control for the insertion of cages, rods and Vane (a pedicle screw system) , that provides intuitive function and reliability for spine surgeons.
Furthermore, DePuy Synthes Companies, an American health care company headquartered in the U.S. provides joint reconstruction solutions for hip, knee, and for shoulder replacement. On January 2017, DePuy Synthes Products, Inc., part of the Johnson & Johnson Family of Companies, publicized that an asset procurement and development contract with Interventional Spine, Inc., a privately held producer of expandable cage and minimally invasive surgery (MIS) technologies for spinal fusion. DePuy Synthes is also attaining Interventional Spine’s facet screw system for open and percutaneous spine surgery, a type of Minimal invasive Surgery that uses small skin incisions without cutting the underlying muscle, which can help decrease the risk of complications and improve outcomes in spinal fusion surgery. DePuy Synthes has the second largest spine business in the world with a extensive portfolio of spinal care solutions, including treatments for aging spine, less invasive surgery, scoliosis, degenerative disc disease, care delivery innovation and enabling technologies.
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