About Motion Preservation Devices
Motion preservation devices, also called non-fusion devices are used for the therapy of various spine conditions without fusion. There are varied types of devices that give better treatment substitutes than spine fusion for patients with pain and loss of function. Cervical disc Arthroplasty is the most effective and the most performed amongst all spinal surgical approaches to preserve spinal motion. The primary aim of spinal motion preservation devices is to maintain flexibility and retain specific movement. The numerous problems in the aged population are spinal stenosis, enlargement of bone and joints, and thickening of tissues which are increasing these days. The motion preservation devices market is projected to grow in the coming years owing to the rise in the geriatric population and the increasing number of spine disorders across the globe. Moreover, the rising awareness about motion preservation devices among patients and the increase of minimally invasive spine procedures are leading to higher adoption rates and fueling the market to grow during the forecast period. Motion preservation devices are used for the treatment of various spine conditions without fusion, hence allowing the patient to retain movement and flexibility and helps them to move around like they used to. The growth of the market is driven by an increase in the aged population and a rise in the cases of spinal disorders. Also, motion preservation surgery helps to restore the motion of the spine, which has led to increased adoption of these surgical procedures. However, stringent regulatory approval procedures are expected to impede market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Motion Preservation Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
B. Braun Melsungen AG (Germany), Aurora Spine Corporation (Canada), Zimmer Biomet Holdings, Inc. (United States), Orthofix Spinal Implants Inc. (United States), Paradigm Spine (United States), Raymedica, Inc (United States), Spine Kinetics, Inc (United States), Ulrich GmbH &Co. KG (Germany) and Depuy Synthes (Johnson & Johnson) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Globus Medical, Inc. (United States), HPI Implants (United States), RTI Surgical (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Motion Preservation Devices market by Type (Dynamic Stabilization Devices, Artificial Disc Replacement Device, Annulus Repair Devices and Nucleus Disc Prosthesis Devices), Application (Hospitals, Orthopedic Centers and Ambulatory Surgical Centers (ASCs)) and Region.
On the basis of geography, the market of Motion Preservation Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Surgery Type, the sub-segment i.e. Open Spine Surgery will boost the Motion Preservation Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Trend in the Need for Advanced Technology
Market Growth Drivers:
Growing Number of Spine Disorders, Increase in Geriatric Population, Increase of Minimally Invasive Spine Procedures Popularity and Awareness in the Advance Spine Surgeries
Challenges:
Unfavorable Reimbursement Scenario
Restraints:
Expensive Implants and High Procedure Cost and Stringent Regulatory Approvals
Opportunities:
A Rise in Spine Operations and Increase in Research and Development Activities
Market Leaders and their expansionary development strategies
In March 2019, RTI Surgical Holdings had acquired Paradigm Spine LLC, which is a provider of the product ‘Coflex’ (interlinear stabilization device)
In July 2019, Centinel Spine, LLC had planned to launch patient education and support programs, for the purpose of creating awareness among people.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Motion Preservation Devices, Suppliers and Distributors of Motion Preservation Devices, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.