Degenerative disc disease treatment market size was valued at US$ 1,736.4 million in 2019, and is expected to witness a CAGR of 9.0% over the forecast period (2021 – 2028).

Due to growing investment and research findings for degenerative disc disorder therapy, the global degenerative disc disease treatment market is anticipated to expand significantly during the forecast period. Spinal Stabilization Technologies reported in August 2018 that the company had raised $11 million for their lumbar disc replacement technology. The PerQdisc device is being developed by the firm to treat degenerative disc degeneration of the lumbar spine in adults. The business needs an additional $4 million to finish the PerQdisc device's future expansion. The money came from nine anonymous investors.

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Simplify Medical Pty Ltd., a producer of the Simplify cervical artificial disc, also announced in February 2018 that it had obtained series B financing from its main investors LSP Health Economics Fund, MH Carnegie & Co., and Sectoral Asset Management. The Series B resources will be used to complete two continuing crucial medical testing of the Simplify Disc in the U.S., which are investigating its use as a diagnosis for spinal degenerative disc disease in one level of the spine and adjacent cells levels of the spine, as well as for corporatization outside the U.S.

Browse 17 Market Data Tables and 28 Figures spread through 160 Pages and in-depth TOC on "Global Degenerative Disc Disease Treatment Market, by Product Type (Drugs (Muscle Relaxants, Acetaminophen, NSAIDs, and Oral Steroids), Devices (Spinal Fusion, Cervical Spine, Thoracic Spine, and Lumbar Spine), and by Region (North America, Asia Pacific, Latin America, Europe, Middle East, and Africa) - Global Forecast to 2027"

Increased medical trials have resulted from increased investment, which is projected to propel the global degenerative disc disease treatment market forward during the forecast period. In February 2019, RTI Surgical Holdings, Inc. began a clinical trial to evaluate the Fortilink TETRAfuse Interbody Fusion Device in individuals with degenerative disc degeneration. The goal of this clinical research was to see if it was safe and effective.

This is a clinical experiment that will be observed. For this study, a total of 150 people are being monitored. This research is being carried out in 20 locations across the U.S. and Europe. By June 2022, this research should be done.

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Key Takeaways

Due to growing debuts of Degenerative Disc, the global degenerative disc disease treatment market is expected to grow at a CAGR of 9.0 percent during the forecast period (2019–2027).

Due to increased product approvals by regulatory agencies, the cervical disc sub-segment is projected to account for a significant revenue share among device types by 2027. Orthofix Medical Inc., a musculoskeletal goods and treatments firm, announced its first commercial implant for patients with M6-C artificial cervical discs in February 2019.

Degenerative Disc Disease Treatment Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Medtronic Plc., Globus Medical Inc., Johnson & Johnson, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, RTI Surgical Holdings, Inc., Cousin Biotech, Ulrich Medical USA, Inc., Fresenius Kabi AG and Abbott Laboratories

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