The rising prevalence of spine diseases to boost the growth of Motion Preservation Devices Market

 Motion Preservation Devices Market Size By Product (Dynamic Stabilization Devices, Artificial Discs Replacement Devices, Annulus Repair Devices, Nuclear Disc Prostheses Devices), By Surgery (Open Spine Surgery, Minimally Invasive Spine Surgery) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Outlook, Size, Share, and Opportunity Analysis, 2023 – 2030

The global Motion Preservation Devices Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The Motion Preservation Devices are utilized to reinstate the original function of the Spinal Cord. Motion preservation devices can cure pathologies that are inoperable with the earlier medical process of fusion. Spinal diseases such as bone expansion and density of the band of cells in the spine cause structural differences in the spinal cord. The elderly people generally suffer from spinal stenosis. These instruments aid the patient to retain the suppleness and movement of the spinal cord.

Competitive Landscape:

Key Players involved in the growth of the global Motion Preservation Devices Market are Paradigm Spine, RTI Surgical, Inc., Raymedica, Inc.,  Aurora Spine Corporation, Spinal Kinetics, Inc., B. Braun Melsungen AG, Globus Medical, Inc., HPI Implants, Depuy Synthes (Johnson & Johnson), and Zimmer Biomet Holdings, Inc. 

Market Key Drivers:

The rising prevalence of spine diseases is expected to boost the growth of the global motion preservation devices market. For instance, as per WHO, around 250 000 to 500 000 people suffer from spinal cord injury annually.

Technological developments have improved and cured the life of people suffering from spine diseases or problems. For instance, in August 2022, Nexus Spain launched its PressON Posterior motion preservation device which is one-fourth compared to the earlier device.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of the global motion preservation devices market. The rising imposition of lockdown and the increasing surge of pandemic cases has restricted the movement of people. The delay in treatment to other disorders is apart from Covid-19 has impeded market growth.

Key Takeaways:

The global motion preservation devices market is expected to exhibit a CAGR of XX % during the forecast period due to the rise in the geriatric population. For instance, as per UN Org. around 1 in every 6 people would be geriatric by 2050.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global motion preservation devices market due to rising spinal injuries, disc replacement, rising healthcare expenditure, technological developments and rising geriatric population. For instance, as per NICHD, around 54 individuals per one million suffer from spinal cord injuries in U.S.