Market Snapshot:
Spine osteoarthritis is a breakdown of the cartilage of the joints and discs in the neck and lower back. It is also called spondylosis. It can cause stiffness or pain in the neck or back and weakness or numbness in the legs or arms. It hinders the daily activities and job performance of the person. It cannot be reversed but treatment can slow down the progression of the disease, helps to control pain and restores some or all of normal functions. The wide range treatment options available for spinal osteoarthritis from self-care and home remedies to spine surgery. The patient with spinal osteoarthritis may seek treatment from doctors, chiropractors, acupuncturists or massage therapists.
Highlights from Spine Osteoarthritis Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Abbott (United States), Novartis AG (Europe), Pfizer Inc. (United States), Eli Lilly and Company (United States), ABIOGEN PHARMA S.p.A (Europe), Merck Sharp & Dohme Corp. (United States) and TissueGene Inc. (United States). Additionally, other players that are part of this comprehensive study are Sanofi SA (France), GlaxoSmithKline plc. (United Kingdom), Ampio Pharmaceuticals Inc. (United States), Regeneron (United States) and Stryker Corporation (United States).
Geographic Breakdown and Segment Analysis
The Global Spine Osteoarthritis market presents a comprehensive analysis of the Spine Osteoarthritis market by end-user/application (Hospitals and Clinics, Medical Institutes, Research Organization and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Spine Osteoarthritis industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Spine Osteoarthritis market
Analyst at AMA have segmented the market study of Global Spine Osteoarthritis market by Type, Application and Region.
Influencing Trend:
High Demand for New Treatments for Spine Osteoarthritis
Market Growth Drivers:
Increasing Prevalence of the Osteoarthritis, Innovations in the New Drugs and Development of New Diagnostic Centre and Hospitals
Challenges:
Low Adoption Rate for Treatment
Restraints:
Side Effects of the Osteoarthritis Treatment Drugs
Opportunities:
Growing Geriatric Population Worldwide, Increasing Research and Development Activities, Growing Number of Regulatory Approvals and Huge Investments and Franchising By Major Players
Market Developments Activities:
In December 2023, Vertiflex partners with leading physical therapy centers on post-surgical rehabilitation programs for spine osteoarthritis patients.This partnership with leading physical therapy centers has the potential to significantly improve the post-surgical journey for spine osteoarthritis patients. By combining surgical expertise with specialized rehabilitation, this collaboration can lead to faster recovery, reduced pain, and increased long-term functionality for patients suffering from this debilitating condition.
In November 2023, Spineology unveils the Lancelot System, a novel interspinous spacer designed for non-fusion treatment of lumbar spinal stenosis.The Lancelot System represents a promising new approach for treating lumbar spinal stenosis. Its non-fusion design, customizable features, and potential benefits make it a valuable option for patients seeking effective and minimally invasive treatment for this debilitating condition.
The spine Osteoarthritis market is expected to continue its growth trajectory in the coming years, fueled by the factors mentioned above. With ongoing innovation, personalized treatment approaches, and the integration of digital health technologies, the market is poised for further expansion and diversification.
Key Target Audience
Spine Osteoarthritis Treatment Providers, Research Professionals, Emerging Companies, Research Institutes, Government Body & Associations and End-user