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Degenerative Disc Disease Treatment Market Growth Is Driven By The Increasing Demands From Various Application Industries & Regions | Medtronic Plc., Globus Medical Inc., Johnson & Johnson

08-29-2022 01:53 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Degenerative Disc Disease Treatment Market

Degenerative Disc Disease Treatment Market

Overview

Degenerative disc disease is a condition that can cause unbearable pain. It occurs when the outermost layer of the spine is damaged due to trauma or infection. This can have an enormous impact on the person's quality of life, and can force them to either endure suffering while walking, or have to wear special back brace for years. Fortunately, there are effective ways to treat and reverse the damage that progressive disc disease can cause. To start with, a thorough examination of the spine is needed. A physical exam will help the medical professional determine the extent of damage that has occurred. Special X-Rays will be used to see if disc material is pressing against other vertebrae in the spine. Spinal fusion surgeries may also be recommended to repair areas of damage in the spine.

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Competitive Landscape

Major companies contributing to the global degenerative disc disease treatment market include Fresenius Kabi AG, Globus Medical Inc., Johnson & Johnson, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, RTI Surgical Holdings, Inc., Cousin Biotech, Abbott Laboratories, Medtronic Plc., and Ulrich Medical USA, Inc.

Drivers

Rising instances of spinal degeneration combined with the growing senescent population are expected to propel growth of the degenerative disc disease treatment market during the forecast period.

Major Key Players are: 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.

Moreover, the advent of the artificial discs coupled with the broadening product pipeline of the major participants is expected to boost growth of the degenerative disc disease treatment market throughout the forecast period.

The Epitome of the COVID-19 Aftermath

The global degenerative disc disease treatment market was negatively influenced during the early stage of the COVID-19 debacle. In the worst-hit regions, the COVID-infected patients were prioritized at the healthcare centers, which had left the majority of spinal degeneration patients undiagnosed. On the brighter side, plunging cases of the virus and progressing vaccination drives are rejuvenating the scope of the market.

Key Takeaways

The degenerative disc disease treatment market is anticipated to grow at a CAGR of 9.0% during the forecast period owing to the rising cases of degenerative disc disease combined with the growing product portfolio of major players. For instance, in September 2021, Jiomax received a clearance from the U.S. Food and Drug Administration (FDA) for its EndoLIF DoubleWedge Cage and Delta Cage, which are developed for the treatment of degenerative disc disease.
Based on the geographies, the North American region is foreseen to propel the degenerative disc disease treatment market at a substantial rate on the heels of growing spinal degeneration caseload and the presence of major market players.
Likewise, Asia Pacific is another region of interest in the degenerative disc disease treatment market, which is augmented by the increased volume of product launches and rising geriatric population.

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Promising Regions & Countries Mentioned in Degenerative Disc Disease Treatment Market Report:

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Columbia, Chile, Peru)
Europe (Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland)
Middle East & Africa (GCC, North Africa, South Africa)
Asia-Pacific (China, Southeast Asia, India, Japan, Korea, Western As)

Degenerative Disc Disease Treatment Market Report Analyzed by Following Points:

1. Company Profile
2. Business Segments Analysis
3. Financial Analysis
4. SWOT Analysis
5. Possible Impact Of Covid -19 On Latest Market Conditions

Report Answers Following Questions:

1. What are the factors driving the growth of the market?
2. What factors are inhibiting market growth?
3. What are the future opportunities in the market?
4. Which are the most dynamic companies and what are their recent developments within the Degenerative Disc Disease Treatment Market?
5. What key developments can be expected in the coming years?

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In conclusion, the Degenerative Disc Disease Treatment Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

Other Related Reports:

Spinal Fusion Devices Market - https://www.prnewswire.com/news-releases/global-spinal-fusion-devices-market-to-surpass-us-13-182-25-million-by-2030--coherent-market-insights-301584695.html

Vagus Nerve Stimulators Market - https://www.prnewswire.co.uk/news-releases/global-vagus-nerve-stimulators-market-to-surpass-us-1-251-9-million-by-2030-coherent-market-insights-814829397.html

Contact Us

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sale@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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