Motion Preservation Devices Market Analysis, Forecast, and Assessment 2017 - 2027
Motion Preservation Devices Market: Drivers and Restraints
Growing number of spine disorders combined with the increase in geriatric population and technological advancement in motion preservation devices are the major factor driving the growth of the motion preservation devices market. Increase of minimally invasive spine procedures popularity among other procedures and growth in the patient awareness in the advance spine surgeries will enhance the growth of the overall market of motion preservation devices. Motion preservation surgery helps to restore the motion which has led to increase adoption of the surgical procedures. However, expensive implants and high procedure cost will restrain the growth of the motion preservation devices market. Stringent regulatory approvals and unfavorable reimbursement scenario will inhibit the growth of the motion preservation devices market.
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Motion Preservation Devices Market: Segmentation
Tentatively, global motion preservation devices market has been segmented on the basis of product type, surgery and geography.
Based on product type, global motion preservation devices market is segmented as below:
Total disc replacement
Posterior dynamic devices
Prosthetic nucleus replacement
Based on surgery, global motion preservation devices market is segmented as below:
Minimally invasive spine surgery
Based on end user, global motion preservation devices market is segmented as below:
Ambulatory surgical centers
Motion Preservation Devices Market: Overview
The Motion Preservation Devices such as artificial disc replacement devices dominate the market due to rise in the adoption of the artificial disc replacement. The advent of minimally invasive techniques and rise in the incidence of the spinal disorder due to huge number of geriatric population drive the motion preservation devices market. Increase in the technological advancement and development in the bone grafts products will boost the overall market of the motion preservation devices. Due to the increase in the popularity, other motion preservation product will have a significant portion in the motion preservation devices market.
Motion Preservation Devices Market: Regional Outlook
Geographically, Motion Preservation Devices Market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominates the market due to increase in the prevalence of spine disorders and increase in the preference for the motion preservation devices. Asia pacific is expected to grow in the forecast period due to improvement in the infrastructure in the healthcare field and increase in expenditure in the region. Low cost of surgical procedures in India as compared o developed countries have also boosted the overall motion preservation devices market.
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Motion Preservation Devices Market: Key Players
Some of the key players in the Motion Preservation Devices Market are HPI Implants, Paradigm Spine, RTI Surgical, Inc., B. Braun Melsungen AG, Depuy Synthes, Globus Medical, Inc, Spinal Kinetics, Zimmer Biomet Holdings, Inc., Ulrich GmbH & Co. KG, the key maket players have adopted product development strategies such as approvals, product launch and clinical trials.
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