Slip Disc Market Poised for 6.72 % Growth, Set to Hit $6.82 Billion by 2029

How Is the Slip Disc Market Projected to Grow, and What Is Its Market Size?
In recent years, the market size for slip disc has experienced significant growth. It is projected to increase from $8.53 billion in 2024 to $9.14 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the historic period include an aging population, heightened awareness of spinal health, the prevalence of sedentary lifestyles and improper posture, the development and increased acceptance of less invasive surgical methods, as well as wider health insurance coverage.

Growth in the slip disc market is anticipated to be robust in the upcoming years, with projections showing a rise to $11.85 billion in 2029, displaying a compound annual growth rate (CAGR) of 6.7%. This progress in the forecast period can be ascribed to factors such as enhanced healthcare infrastructure, dedicated research and development activities, increased availability and efficiency of physical therapy and rehabilitation services, a heightened emphasis on chronic pain management, and a growing inclination towards non-surgical and minimally invasive treatments. Key trends forecasted for this period involve progress in imaging technologies, breakthroughs in medical devices and surgical methods, uptake of robotic-assisted spine surgeries and artificial disc replacements, and the integration of telemedicine and digital health solutions.

What Are the Key Drivers Behind the Growth of the Slip Disc Market?
The surge in spinal cord injuries is foreseen to stimulate the expansion of the slip disc market. Spinal cord injuries pertain to the harm to the spinal cord that leads to a loss of functions like movement or sensation, frequently resulting in conditions such as slipped discs. The escalation in spinal cord injuries arises from a rise in motor vehicle accidents, sporting injuries, and falls. With an increase in the number of people suffering from spinal cord injuries, the need for treatment and intervention for slipped discs also escalifies. For example, the National Center for Biotechnology Information, a US-based governmental agency, reported in March 2024 that there are 17,000 fresh spinal cord injury cases in the US annually, and around 282,000 individuals are living with spinal cord injuries. Moreover, in May 2023, a publication by the National Center for Biotechnology Information stated that low back pain (LBP) affected 619 million individuals globally in 2020, with an anticipated rise to 843 million by 2050. Hence, the surge in spinal cord injuries is fuelling the expansion of the slip disc market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18735&type=smp

Who Are the Major Industry Players Fueling Slip Disc Market Expansion?
Major companies operating in the slip disc market are Medacta International SA, Hitachi Ltd., General Electric Company, Pfizer Inc., GlaxoSmithKline plc, Medtronic plc, Siemens Healthcare Private Limited, Koninklijke Philips N.V, Stryker Corporation, Teva Pharmaceutical Industries Ltd., DePuy Synthes Companies, Zimmer Biomet Holdings Inc., Smith & Nephew plc, NuVasive Inc., Canon Medical Systems Corporation, Globus Medical Inc., Orthofix Medical Inc., Accuray Incorporated, Corin Group, Precision Spine Care, BioSpine Institute, Vertebral Technologies Inc., Captiva Spine Inc.

Which Key Developments Are Influencing the Slip Disc Market?
Leading firms in the slip disc market are concentrating on the creation of innovative products such as biologic patches, with the intent to enhance treatment techniques and better patient outcomes. A biological patch is a tissue scaffold that aids in healing and repair of defective intervertebral discs through the use of biological materials and growth factors. For example, in November 2023, a novel biologic patch, known as Tension-activated repair patches (TARPs), was developed by the researchers at the Perelman School of Medicine at the University of Pennsylvania and the CMC VA Medical Center (CMCVAMC), a medical center serving veterans. These patches are designed to alter the treatment methods of spinal herniated discs. The patches leverage an individual's natural movements to improve disc reparations more efficiently than existing techniques. They are made to aid in re-cushioning the vertebrae by restoring the tension in the damaged discs and sealing the gaps created by herniations. This dual-sided strategy aims to halt further disc decay and ease disc-related pain.

How Is the Segmentation of the Slip Disc Market Defined?
The slip disc market covered in this report is segmented -

1) By Type: Thoracic Herniated Discs, Lumbar Herniated Disc, Cervical Herniated Discs
2) By Diagnosis: Physical Examination, Nerve Conduction Test, Imaging Tests
3) By Medications: Therapy, Surgery
4) By Application: Hospital Use, Clinic Use, Household, Other Applications

Subsegments:
1) By Thoracic Herniated Discs: Central Herniation, Paracentral Herniation, Foraminal Herniation
2) By Lumbar Herniated Discs: L4-L5 Disc Herniation, L5-S1 Disc Herniation, L3-L4 Disc Herniation, Other Lumbar Disc Herniations
3) By Cervical Herniated Discs: C5-C6 Disc Herniation, C6-C7 Disc Herniation, C4-C5 Disc Herniation, Other Cervical Disc Herniations

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/slip-disc-global-market-report

What Is the Leading Region in the Slip Disc Market?
North America was the largest region in the slipped disc market in 2023. The regions covered in the slip disc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Slip Disc Global Market Report?

- Market Size Analysis: Analyze the Slip Disc Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Slip Disc Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Slip Disc Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Slip Disc Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18735

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.