Motion Preservation Devices Market to Rear Excessive Growth during 2016 – 2025 ; Aurora Spine Corporation, Spinal Kinetics, Paradigm Spine, LLC, Medtronic plc, and B. Braun Melsungen AG
Elderly people who are more prone to spine related disorders due to declining bone density will increase demand for these devices in near future. Globally, the number of older people (those aged 60 years or older) is poised to grow by 56% from 901 million in 2015 to 1.4 billion in 2030 (Source: United Nations). This growth will be significant in less developed countries and provide abundant growth opportunities for the motion preservation device manufacturers. Additionally, preference of physicians and patients shifting towards artificial disc replacement will bring in ample growth opportunities to the manufacturers.
The major players operating in this market are HPI Implants, RTI Surgical, Inc., Globus Medical, Inc., DePuy Synthes (a part of Johnson & Johnson), Zimmer Biomet Holdings, Inc., Raymedica, Inc., Ulrich GmbH & Co. KG, Aurora Spine Corporation, Spinal Kinetics, Paradigm Spine, LLC, Medtronic plc, and B. Braun Melsungen AG.
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Motion Preservation Devices Market Segmentation:
Dynamic Stabilization Devices
Pedicle Screw-based Systems
Interspinous Process Spacers
Facet Replacement Products
Annulus Repair Devices
Artificial Discs Replacement Devices
Artificial Lumbar Discs
Artificial Cervical Discs
Nuclear Disc Prostheses Devices
Regional Segment Analysis:
North America dominated the motion preservation devices market in 2016. This can be attributed to increase in the prevalence of spine disorders and impairments and increasing preference for motion preservation devices in spine procedures. Asia-Pacific will show high market potential for motion preservation devices during the forecast period. This can be attributed to factors such as rise in prevalence of spine related disorders, improving healthcare infrastructure, and increase in healthcare expenditure.
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Industry Trend Analysis:
The motion preservation devices market is estimated to be around $2.5 billion by 2025. Growing number of spine related disorders coupled with increasing geriatric population and advancements in motion preservation devices are the key factors driving the demand for these devices. Moreover, growing popularity of minimally invasive spine procedures and increasing patient awareness regarding advances in spine surgeries will further boost the market growth. However, stringent government regulations for product approval and high procedure cost and expensive implants will restrain the growth of motion preservation devices market in near future.
Table of Contents:
2. Executive Summary
3. Market Overview
4. Motion Preservation Devices Market, By Product
5. Motion Preservation Devices Market, By Region
6. Company Profiles
6.1. Medtronic plc
6.2. RTI Surgical, Inc.
6.3. Globus Medical, Inc.
6.4. DePuy Synthes
6.5. Raymedica, Inc.
List of Tables:
Table 1.Global Motion Preservation Devices Market, By Product, 2016-2025 ($Million)
Table 2.Dynamic Stabilization Devices Market, By Type, 2016-2025 ($Million)
Table 3.Dynamic Stabilization Devices Market, By Region, 2016-2025 ($Million)
Table 4.Interspinous Process Spacers Market, By Region, 2016-2025 ($Million)
Table 5.Pedicle Screw-Based Systems Market, By Region, 2016-2025 ($Million)
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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