Shift towards artificial disc replacement procedures poses lucrative opportunities for key players in the global motion preservation devices market. Artificial disc replacement surgery is preferentially used in the medical sector for maintaining normal spine position and reducing degeneration of adjacent segments of the spine.
Portland, OR -- (SBWIRE) -- 10/30/2017 -- Global motion preservation devices market accounted for $920 million in 2015, and is estimated to reach $1,902 million by 2022, growing at a CAGR of 10.9% during the forecast period. Motion preservation devices, also known as non-fusion devices, are used for the treatment of various spine conditions without fusion, thus allowing the patient to retain movement and flexibility.
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Motion preservation devices are used to treat disorders associated with the spine. These devices are used to restore and maintain the normal alignment of the spine. The advent of minimally invasive spine surgery techniques and rise in incidence of spinal disorders drive the market. In addition, rise in geriatric population and technological developments in bone grafting products are anticipated to boost the demand for motion preservation devices, globally. However, unfavorable reimbursement scenario and stringent regulatory approval process hamper the market growth.
Artificial disc replacement segment generated the highest revenue in the global non-fusion/motion preservation devices market in 2015, owing to their increased preference over spinal fusion procedures. In addition, the nuclear disc prostheses segment is anticipated to grow rapidly, registering a CAGR of 11.1% during the forecast period.
Key findings of Motion Preservation Market:
* The artificial disc replacement devices segment accounted for nearly half of the global motion preservation devices market in 2015.
* The nuclear disc prosthesis device segment is the fastest growing segment and is poised to grow at a CAGR of 11.1% during the forecast period.
* The dynamic stabilization devices segment is expected to grow at a significant CAGR of 10.9%, owing to the use of flexible materials during dynamic stabilization procedure for restoring mobility in the spine.
* France and Germany jointly accounted for more than one-third share of the global motion preservation devices market in 2015.
* Japan was the major shareholder in the Asia-Pacific motion preservation devices market, accounting for more than one-third share in 2015.
The key players in the motion preservation devices market have focused on expanding their business operations in the fast-growing emerging countries by adopting the new product launch strategy. The major companies profiled in the report include Aurora Spine Corporation, B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Globus Medical, Inc., HPI Implants, Paradigm Spine, RTI Surgical, Inc., Raymedica, Inc., Spinal Kinetics, Inc., Ulrich GmbH & Co. KG, and Zimmer Biomet Holdings, Inc.
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