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Key Influencer in the Degenerative Disc Disease Treatment Market 2025: Rising Sports And Back Injuries Drive Growth In Degenerative Disc Disease Treatment Market Driver
What combination of drivers is leading to accelerated growth in the degenerative disc disease treatment market?The increasing number of sports injuries is expected to drive the growth of the degenerative disc disease treatment market. Sports injuries, caused by impacts, overuse, or improper techniques, are on the rise due to greater participation in sports and more intense training. Degenerative disc disease treatment helps manage chronic spinal pain resulting from disc degeneration, particularly in athletes. For example, in November 2023, the Howden Group Holdings Ltd reported that the number of days players were sidelined due to injuries rose from 11.35 days in October 2022 to 19.41 days by January 2023. Therefore, the growing incidence of sports injuries is contributing to the growth of the degenerative disc disease treatment market.
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What is the projected compound annual growth rate (CAGR) of the degenerative disc disease treatment market from 2025 to 2034, and what factors influence it?
The degenerative disc disease treatment market will grow from $27.07 billion in 2024 to $29.01 billion in 2025 at a CAGR of 7.2%. The market's growth is due to an aging population, sedentary lifestyles, advances in medical technology, rising obesity rates, increasing sports injuries, and broader access to healthcare.
The degenerative disc disease treatment market is expected to grow to $37.86 billion by 2029, at a CAGR of 6.9%. Growth is driven by rising healthcare expenditures, the increasing demand for minimally invasive treatments, enhanced patient education, expanding clinical research, and a global rise in spine disorders. Key trends include AI and ML integration, regenerative medicine, advances in minimally invasive surgery, wearable technology, 3D printing for custom implants, telemedicine, and personalized medicine.
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How are the latest trends influencing the growth of the degenerative disc disease treatment market?
Companies in the degenerative disc disease treatment market are focused on developing new therapies like injectable disc cell therapy (IDCT) to improve patient outcomes by increasing disc volume and reducing pain. In February 2023, DiscGenics Inc. received FDA regenerative medicine advanced therapy designation for its IDCT aimed at treating lumbar degenerative disc disease. This therapy uses live progenitor cells from human intervertebral discs to promote healing and alleviate pain.
What are the major segments of the degenerative disc disease treatment market and their role in driving growth?
The degenerative disc disease treatment market covered in this report is segmented -
1) By Type: Conventional Drugs, Novel Therapies
2) By Route Of Administration: Oral, Injectable
3) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Center
Subsegments:
1) By Conventional Drugs: Non-Steroidal Anti-Inflammatory Drugs (NSAIDs), Opioids, Muscle Relaxants, Corticosteroids, Antidepressants
2) By Novel Therapies: Gene Therapy, Stem Cell Therapy, Platelet-Rich Plasma (PRP) Therapy, Biologic Agents, Regenerative Medicine, Cell-Based Therapies, Growth Factor Therapies
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Which regions are key players in the growth of the degenerative disc disease treatment market?
North America was the largest region in the degenerative disc disease treatment market in 2024. The regions covered in the degenerative disc disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the degenerative disc disease treatment market?
Major companies operating in the degenerative disc disease treatment market are Pfizer Inc., Johnson And Johnson, Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline PLC, Medtronic plc, Amgen Inc., Baxter International Inc., B. Braun SE, Zimmer Biomet Holdings Inc., Arthrex Inc., Ferring B.V., Biocon Limited, Integra LifeSciences Holdings Corporation, NuVasive Inc., Globus Medical Inc., Orthofix Medical Inc., RTI Surgical Holdings Inc., LifeNet Health
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What Is Covered In The Degenerative Disc Disease Treatment Global Market Report?
•Market Size Forecast: Examine the degenerative disc disease treatment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the degenerative disc disease treatment market for a structured understanding.
•Key Players Overview: Analyze major players in the degenerative disc disease treatment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the degenerative disc disease treatment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the degenerative disc disease treatment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the degenerative disc disease treatment market.
•Industry Challenges: Identify potential risks and obstacles affecting the degenerative disc disease treatment market.
•Competitive Landscape: Review strategic developments in the degenerative disc disease treatment market, including expansions, agreements, and new product launches.
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