PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290841
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1290841
Motion Preservation Devices Market size was valued at USD 1,870.1 Billion in 2022, expanding at a CAGR of 7.1% from 2023 to 2030.
Motion Preservation Devices are medical devices used in spinal surgery to treat conditions such as degenerative disc disease (DDD) or spinal instability. Motion preservation surgery is a relatively new surgical method employed as an alternative to standard spinal surgeries, such as spinal fusion surgery and disc replacement surgery in select patients to treat spinal conditions of the cervical and lumbar area and restore normal motion of the spine. The use of motion preservation devices aims to reduce the need for spinal fusion, which can result in a loss of mobility and increased stress on adjacent spinal segments.
The surge in the geriatric population has significant implications for the use of motion preservation devices in spinal surgery. As the elderly population continues to grow, there is an increasing need for effective and tailored treatments for age-related spinal conditions, such as degenerative disc disease and spinal instability. According to the World health organization, in 2050, 80% of older people will be living in low- and middle-income countries. The pace of population aging is much faster than in the past. As the global population continues to age, there is a higher prevalence of spinal disorders. World health organization states that every year, around the world, between 250 000 and 500 000 people suffer a spinal cord injury (SCI). Overall, the rise in the geriatric population and an increasing number of spinal disorders across the globe drive market growth.
The Global Motion Preservation Devices Market is segmented on the basis of Product Type, Surgery, and Region.
The market is divided into three categories based on product type: Total Disc Replacement Devices, Posterior Dynamic Devices, Facet Replacement Devices, and Prosthetic Nucleus Replacement Devices. Total Disc Replacement Devices dominate the market growth, due to increasing preference for minimally invasive procedures among patients and healthcare providers. It can often be implanted using minimally invasive techniques, which result in smaller incisions, less tissue disruption, reduced blood loss, and shorter recovery times compared to traditional open surgeries.
The market is divided into two categories based on Surgery: Open Spine Surgery and Minimally Invasive Spine Surgery. Minimally Invasive Spine Surgery dominates the market and is likely to maintain its dominance during the forecast period. The continuous advancements in surgical techniques have made minimally invasive spine surgery more efficient and effective.
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the growth of the Motion Preservation Devices Market, due to an increase in prevalence of spinal cord deformities and injuries. The growing prevalence of spinal cord deformities and injuries necessitates an increased demand for effective treatment options. National Spinal Cord Injury Statistical Center predicted that the annual incidence of spinal cord injury (SCI) is approximately 54 cases per one million people in the United States, or about 18,000 new SCI cases each year. Thatswhy, the rising prevalence of spinal cord deformities and injuries in North America has led to increased investments in research and development, driving technological advancements and innovation in motion preservation devices. However, Asia Pacific and Europe are also expected to offer substantial growth opportunities during the forecast period.
The producers of Motion Preservation Devices enter based on factors such as product portfolio, technological advancements, clinical outcomes, pricing, and distribution networks. They often invest in research and development to introduce innovative motion preservation devices and improve existing products. The market is highly competitive, and companies strive to differentiate themselves by offering unique features and benefits to surgeons and patients. The motion preservation devices market is a segment within the larger spine surgery market that focuses on providing solutions to preserve or restore the natural motion of the spine. For instance, Spinal Kinetics, Inc., the designer and manufacturer of the innovative M6© artificial disc, today announced total implantations of the company's M6-C Cervical and M6-L Lumbar discs have now exceeded 50,000 throughout the international markets where the M6 is commercially available.
Orthofix International N.V., a global medical device company focused on musculoskeletal healing products and value-added services, announced that it has entered into a definitive agreement to acquire Spinal Kinetics Inc., a privately held developer and manufacturer of artificial cervical and lumbar discs.
The scope of this report covers the market by its major segments, which include as follows: