Growth of the Motion Preservation Devices Market Is Driven By Increase in Geriatric Population and Rise in Incidence of Spinal Disorders
Motion preservation devices are used to treat disorders related to the spine. These devices are used to restore and maintain the normal alignment of the spine. The emergence of minimally invasive spinal surgery techniques and the rise in the incidence of spinal diseases lead the market. In addition, demand for motion preservation devices is expected to increase globally due to increased elderly population and technological development of bone graft products. However, undesirable redemption scenarios and strict regulatory approval processes hinder market growth.
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The key players in the motion preservation devices market have focused on expanding their business operations in the fast-growing emerging countries by adopting the new product launch strategy.
The major companies profiled in the report include
• Aurora Spine Corporation
• B. Braun Melsungen AG
• Depuy Synthes (Johnson & Johnson)
• Globus Medical Inc.
• HPI Implants
• Paradigm Spine
• RTI Surgical Inc.
• Raymedica Inc.
• Spinal Kinetics Inc.
• Ulrich GmbH & Co. KG
• Zimmer Biomet Holdings Inc.
The artificial disc replacement sector has a higher preference for spine fusion surgery and has generated the highest revenue in the non-fusion / motion preservation device market in the world in 2015. In addition, the nuclear disc implant segment is expected to grow rapidly, registering a CAGR of 11.1% over the forecast period.
The global motion preservation market is categorized based on open spine surgery and minimally invasive spine surgery (MISS). The open spine surgery sector generated the highest return in 2015. However, the MISS sector is expected to grow to the highest CAGR during the study period.
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Key findings of Motion Preservation Market:
• The artificial disc replacement devices segment accounted for nearly half of the global motion preservation devices market in 2015.
• The nuclear disc prosthesis device segment is the fastest growing segment and is poised to grow at a CAGR of 11.1% during the forecast period.
• The dynamic stabilization devices segment is expected to grow at a significant CAGR of 10.9%, owing to the use of flexible materials during dynamic stabilization procedure for restoring mobility in the spine.
• France and Germany jointly accounted for more than one-third share of the global motion preservation devices market in 2015.
• Japan was the major shareholder in the Asia-Pacific motion preservation devices market, accounting for more than one-third share in 2015.
North America accounted for the majority of revenue in 2015, and is expected to maintain its dominance throughout the forecast period. This is attributed to increased adoption of motion preservation devices in surgery and rise in incidence of spinal disorders and impairments, such as spinal stenosis. However, the Asia-Pacific region is projected to grow rapidly during the forecast period, registering a CAGR of 11.5%. Improving healthcare infrastructures and increase in expenditures in the emerging markets, such as India and China, to cater to the unmet medical needs in these countries have bolstered the market growth.
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