Slip Disc Market information, by types (thoracic herniated discs, lumbar herniated disc, and others), by diagnosis (physical examination, nerve conduction test, and others), by treatment (medications, therapy, and others) - global forecast till 2023
Pune, India -- (SBWIRE) -- 04/27/2018 -- The Global Slip Disc Market is expected to grow at the CAGR of ~5.4% during the forecast period and is estimated to reach USD 11,011.3 million by 2023.
Some of the key players in this market are:
Captiva Spine, Inc. (US),
DePuy Synthes Companies (US),
GlaxoSmithKline plc (UK),
Globus Medical, Inc. (US),
NuVasive, Inc. (US),
Pfizer Inc. (US),
TEVA Pharmaceutical LTD (Israel)
Slipped (Herniated) disc occurs when a soft cushion of tissue between the bones in spine pushes out and is painful when it presses on nerves. The most common symptoms of slipped disc are loss of motor control, pain etc. Slipped disc mainly occurs due to weaker outer ring that allows inner portion to slip out. Lack of physical activity and weak muscles may also lead to slipped disc. In overweight people, the risk of slipped disc is more because their disks must support the additional weight.
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Introduction and rapid adoption of technologically advanced diagnostic medical devices is a major factor for the market growth. Medical device manufacturing companies and drug manufacturers are investing large amount of money in research, clinical trials, and new product launch to provide effective solution for slipped disc. Some other factors such as rising geriatric population, increasing government support, and increasing healthcare expenditure has fuelled the growth of the market. Rapid adoption of new therapies also play an important role in the growth of this market. However, high cost of the treatment and lack of skilled medical professionals in many developing areas may restrict the market growth
Slip Disc manufacturers
Slip Disc providers suppliers
Medical research laboratories
Research and Development (R&D) Companies
Market Research and Consulting Service Providers
The Global Slip Disc Market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominate this market, particularly North America due to increasing cases of people suffering from slip disc in the region. Availability of advanced medical facilities, and rapid adoption of new therapies are driving the market growth. Growing awareness in Latin American population regarding this disorder is major driving force. Rising prevalence of slip disc is driving the growth for European market. As per the National Center for Biotechnology Information, the prevalence is higher among people aged 30-50 years and male to female ratio is about 2:1. The prevalence rate in Finland and Italy is about 1-3%. Some other factors such as availability of skilled medical professionals and top class medical facilities are spurring the market growth.
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Rapidly developing healthcare infrastructure, adoption of new medical practices, advanced medical devices, rising healthcare expenditure, growing awareness and government support makes Asia Pacific the fastest growing region in global slip disc market.
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market dynamics
3.4 Macroeconomic Indicators
4 Market factor analysis
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