The global motion preservation devices market will have increased at a CAGR of 5.3% from US$ 1.7 million in 2022 to US$ 3.0 million by 2032. The Motion Preservation Devices Market refers to the segment of the healthcare industry that focuses on developing and providing medical devices used in the preservation and restoration of normal spinal motion. These devices are designed to treat various spinal disorders and conditions, such as degenerative disc disease, herniated discs, and spinal instability.
Motion preservation devices are an alternative to traditional spinal fusion surgery, which involves permanently fusing two or more vertebrae together. Unlike fusion, motion preservation devices aim to maintain the natural movement of the spine while providing stability and relieving pain.
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The need for motion Preservation devices is being driven by the preference for less invasive spine surgery versus conventional open surge therapy treatments worldwide. Additionally, compared to earlier traditional methods of surgery, minimally invasive surgical techniques are quite inexpensive. The global market for motion preservation devices is expanding as a result of an increase in the elderly population.
There are several types of motion preservation devices available in the market. The most common ones include:
- Artificial Discs: These devices are designed to replace the damaged intervertebral discs in the spine. They are typically made of metal or a combination of metal and plastic, and they aim to restore normal disc height and allow for natural motion between the adjacent vertebrae.
- Dynamic Stabilization Devices: These devices are used to provide stability to the spine while allowing controlled motion. They often consist of screws or rods that are implanted in the spine to limit excessive movement and provide support.
- Facet Replacement Devices: These devices are designed to replace the worn or damaged facet joints in the spine. Facet joints are responsible for guiding the movement of the spine, and when they become degenerated or damaged, they can cause pain and instability.
The motion preservation devices market has experienced significant growth in recent years, driven by the increasing prevalence of spinal disorders and the demand for less invasive treatment options. The benefits of motion preservation devices over traditional fusion surgery include faster recovery, preserved range of motion, and reduced risk of adjacent segment degeneration.
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Motion Preservation Devices Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Motion Preservation Devices market. Competitive information detailed in the Motion Preservation Devices market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Motion Preservation Devices market report.
Key players covered in the report include:
- 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,
Motion Preservation Devices Market: Segmentation
Valuable information covered in the FMI’s Motion Preservation Devices market report has been segregated into key segments and sub-segments.
By End user
- Hospitals
- Orthopedics clinics
- Ambulatory surgical centers
- Specialty clinics
By Product type
- Total disc replacement
- Posterior dynamic devices
- Facet replacement
- Prosthetic nucleus replacement
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Important Questions Answered in the Motion Preservation Devices Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Motion Preservation Devices market been expanding during the forecast period?
- How will the global Motion Preservation Devices market look like by the end of the forecast period?
- What innovative strategies are adopted by Motion Preservation Devices market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Motion Preservation Devices market?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Motion Preservation Devices market
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