Motion Preservation Devices Market Analysis and Outlook Report 2031

Motion Preservation Devices Market Outlook 2031

The global motion preservation devices market was valued at US$ 640 Mn in 2021

The global market is projected to advance at a CAGR of 10.8% from 2022 to 2031

The global motion preservation devices market is anticipated to reach more than US$ 1.78 Bn by 2031

Get Sample Copy of the Report@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=59052

Motion Preservation Devices Market Introduction

Motion preservation is an effective alternative to spinal arthrodesis, theoretically preventing adjacent level degeneration. Motion preservation devices are used for spinal diseases or disorders. These devices are used to treat spine disorders, and help align and restore the regular spine motion. The function of a motion preservation device is to maintain normal or near regular motion in order to prevent the adverse effect of spinal infusion. An ideal motion preservation device is a minimally invasive device, which preserves or re-establishes normal motion of the spine. Spinal disorder, including spinal stenosis, is common among the geriatric population.

Doctors recommend minimally invasive surgery to insert interspinous devices. Aging causes structural changes in the spine such as enlargement in the bone & joints and thickening of the band of tissue that supports the spine. Various posterior motion preservation devices are in different stages of development. Long-term stability, endurance, and strength of the prosthesis are unknown for a majority of implants. Motion preservation in the posterior elements of the spine is a simpler task than of the intervertebral disc.

Technological advancements, rise in number of spine disorders, inclination toward minimally invasive procedures, and surge in adoption of spinal surgery procedures are the key factors anticipated to augment the global motion preservation devices market size in the next few years.

Read Report Overview@ https://www.transparencymarketresearch.com/motion-preservation-devices-market.html

COVID-19 Impact on Global Motion Preservation Devices Market

The COVID-19 pandemic has had a negative effect on the global motion preservation devices market. Governments of affected countries postponed non-essential surgeries and patient visits during the breakout year of the COVID-19. Several ICU facilities, such as ventilators, personal protective equipment, and medical staff, were rerouted to COVID-19 cases, prompting the suspension of spinal surgeries during the pandemic. This led to a substantial decline in overall non-emergency surgeries and treatments, which restricted the usage of motion preservation devices in spinal disorders. Key players reported decline in revenue during the pandemic. However, the market has recovered from COVID-19 due to easing of restrictions by governments across the globe.

Rise in Number of Spine Disorders Driving Total Disc Replacement Devices Segment

In terms of product, the conventional total disc replacement devices segment accounted for leading share of the global market in 2021. Total disc replacement involves removal of all or most of the disc tissue and implantation of replacement device into the space between the vertebra. The device allows motion by smooth, usually curved, surfaces sliding across each other. The total disc replacement devices segment is anticipated to maintain its leading position in the global motion preservation devices market during the forecast period. Total disc replacement devices offer improved service delivery in patients with complicated spine injuries.

Request Report Methodology@ https://www.transparencymarketresearch.com/sample/sample.php?flag=RRM&rep_id=59052

Furthermore, increase in global geriatric population and rise in number of spine disorders are projected to propel the total disc replacement devices segment during the forecast period. Increase in demand for motion preservation devices, such as interspinous spacer devices, due to inclination toward minimally invasive procedures is anticipated to drive the segment during the forecast period.

Smaller Scars and Less Damage to Surrounding Muscles Propelling Minimally Invasive Spine Surgery Segment

Based on surgery, the minimally invasive spine surgery segment accounted for major share of the global market in 2021. The trend is projected to continue during the forecast period. The minimally invasive spine surgery segment is anticipated to grow at a considerable CAGR during the forecast period. This can be ascribed to various advantages of this procedure including smaller scars, less surgical blood loss, shorter hospital stay, and less damage to the surrounding muscles. Therefore, effectiveness of these procedures in treating spine injuries and faster recovery are expected to drive the segment in the near future.

Regional Outlook of Global Motion Preservation Devices Market

North America is projected to dominate the global motion preservation devices market in the next few years. The motion preservation devices market forecast in the region appears positive, due to the increase in government initiatives to spread awareness about spine disorders and other risks associated with the spine; rise in healthcare expenditure; surge in disposable income; and availability of technologically advanced devices.

Request For Custom Research@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=59052

The market in Asia Pacific is anticipated to grow at a rapid pace from 2022 to 2031. The motion preservation devices market trends in the region indicate a rise in prevalence of spine disorders in countries such as India and China, increase in geriatric population, surge in health care spending, and rise in government awareness programs. The market in Asia Pacific is also expected to be propelled by large population, unmet medical needs, and rise in patient awareness about spinal diseases. Economic growth in emerging economies such as India and China is enhancing the buying capabilities of consumers due to the increase in disposable income. This is likely to augment the market in these countries in the near future.

Analysis of Key Players in Global Motion Preservation Devices Market

The motion preservation devices market report includes vital information about the leading players in the motion preservation devices market. Companies are focusing on strategies such as new product launches, divestiture, mergers & acquisitions, and partnerships to strengthen their position in the market. Alphatec Holdings, Inc., Paradigm Spine, Depuy Synthes (Johnson & Johnson), Spinal Kinetics, Inc., Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Medtronic, Stryker, NuVasive, and K2M are the prominent players operating in the global market.

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

This release was published on openPR.