Report

Motion Preservation Devices Market By Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery); By Product Type (Dynamic Stabilization Devices, Artificial Discs, Annulus Repair Devices, Nuclear Disc Prostheses Device)- Global Opportunity Analysis and Industry Forecast To 2030

  • Publish Date: Jul,2022
  • Report ID: QI038
  • Page : 200
  • Report Type : PDF (Email)
The global motion preservation devices market size was US$ 1.5 billion in 2021. The global motion preservation devices market size is forecast to reach US$ 2.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.

The use of motion preservation devices helps to treat problems of the spine. These devices help restore and maintain the spine's normal alignment. Unlike spinal fusion, however, motion preservation devices help to keep the spine's natural motion. Artificial discs and dynamic stabilization devices are two forms of motion preservation devices. Preserving spinal motion, eliminating the need for revision recovery, short recovery time, and technological advancement are features of the motion preservation device. The stainless-steel artificial disc allows for normal spine rotation while offering relief and treatment to the affected area.

Factors Influencing Market Growth
Among the factors driving the global motion preservation devices market include the growth in the geriatric population and promising demographics globally.
The growing demand for motion preservation devices due to the inclination toward minimally invasive procedures boosts the global market growth.
Rising awareness among patients about the benefits of motion preservation devices offers fuels the global market growth.
The procedure for obtaining a regulatory FDA approval for motion preservation devices is time-taking & unfavorable reimbursement systems may slow down the overall market growth.

Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global motion preservation devices market. Several governments worldwide imposed regulations such as social distancing, lockdown, etc., in order to curb the spread of the deadly virus. This significantly reduced the functioning of hospital and healthcare services. In addition, many hospitals and clinics had to shut down and had to focus on the increased cases of COVID-19 patients. This decreased the spinal procedures and declined the need for motion preservation devices.

Regional Insights
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the growing prevalence of spinal cord deformities and injuries. In addition, the major companies and vendors have concentrated on product expansion to serve a dual purpose to mitigate the disability rate generated due to spinal injuries and survive the intense competition. Thus, these factors drive the market growth in the region.

Leading Competitors
The leading prominent companies profiled in the global motion preservation devices market are:
B. Braun Melunsung
GlobusMedical, Incorporated
Zimmer Biomet
Aura Spine Incorporated
HPI Implants
Paradigm Spine
RTI Surgical, Incorporated
Raymedica, Incorporated
Spinal Kinetics, Incorporated
Ulrich GmbH & Co. KG
Other Prominent Players

Scope of the Report
The global motion preservation devices market segmentation focuses on Surgery, Product Type, and Region.
Segmentation based on Surgery
Minimally Invasive Spine Surgery
Open Spine Surgery
Segmentation based on Product Type
Dynamic Stabilization Devices
Artificial Discs
Annulus Repair Devices
Nuclear Disc Prostheses Device
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Meta Title: Motion Preservation Devices Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Motion Preservation Devices Market is projected to reach US$ 2.8 billion by end of 2030 from US$ 1.5 billion in 2021, at a CAGR of 6.7%
Meta Keywords: motion preservation devices market Size, motion preservation devices market share, motion preservation devices market trend, motion preservation devices market Forecast, motion preservation devices market insight