Motion preservation devices are used for the treatment of disorders related to spinal injury. It helps to restore or maintain the natural motion of the injured body part by the artificial device. The widely used motion preservation device includes the minimally invasive technology for spinal fusion. The characteristic of the motion preservation device includes preservation of spinal motion, reduce the need for revision recovery, quick recovery time, and technological innovation.The stainless steel artificial disc allows continuous natural spine rotation while simultaneously providing relief & treatment to the target area.It helps to restore the motion of the spine, which has led to increased adoption of these surgical devices. There are four types of technologies used for the treatment of posterior motion preservation of degenerative lumbar spine including total disc replacement, disc nucleus replacement, interspinous process spacers, posterior dynamic stabilization devices, and facet replacement devices. The advantages of the motion preservation disc replacement therapy are reduced pain,it has faster recovery rate & better results of motion. The aim of the motion preservation devices is to be able to keep the normal or near regular motion to stem the adverse impact of spinal infusion. An ideal motion preservation device is basically a minimally invasive procedure, it preserves or re-establish the normal motion of the spine. The spinal disorder is most common in the geriatric population. Due to aging, there are structural changes in the spine such as enlargement in the bone & joints and thickening of the band of tissue that supports the spine. There are a wide variety of posterior motion preservation devices in various stages of development.
An increase in the prevalence of the spinal disorder, a surge in a change in lifestyle, and technological advancements in the motion preservation device market drive the market growth. In addition, the rise in the geriatric population across the globe boosts the market growth. Another key factors that drive the market growth are advent latest & advanced device, the development of clinics & centers for diagnosis, and an increase in number of patients with spinal disease. An increase in the prevalence of the spine related disease caused due to the over smoking, obesity and changed lifestyle are also the key factors for the motion preservation market growth. Furthermore, an increase in demand for minimally invasive surgeries compared to traditional spine surgery, such as low risk of infection, less bleeding, faster recovery, and shorter hospitals stays have further boosted the market growth. Stringent regulatory approval procedures may require more time for FDA approval and unfavorable reimbursement scenarios may decline the market growth. Thus, the increase in demand for the motion preservation device is due to the participation of the key payers in manufacturing and developing of the motion preservation device having benefits over conventional methods of surgery and advanced technology in motion preservation device are expected to act as opportunities for the motion preservation market during forecast period.
The motion preservation devices market is segmented on the basis of product type, surgery, and region. According to the product type, it is segmented into dynamic stabilization devices, artificial disc replacement devices, annulus repair devices, and nuclear disc prostheses devices. Based on the type of surgery, the market is segmented into open spine surgery and minimally invasive spine surgery. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
The key market players for motion preservation device includes Aurora Spine Corporation, B. Braun Melsungen AG, Globus Medical, Inc. HPI Implants, Johnson & Johnson, Paradigm Spine, LLC, RTI Surgical, Inc., Spinal Kinetics, Inc., Ulrich GmbH & Co., KG, and Zimmer Biomet Holdings, Inc.
An increase in the prevalence of the spinal disorder, a surge in a change in lifestyle, and technological advancements in the motion preservation device market drive the market growth. In addition, the rise in the geriatric population across the globe boosts the market growth. Another key factors that drive the market growth are advent latest & advanced device, the development of clinics & centers for diagnosis, and an increase in number of patients with spinal disease. An increase in the prevalence of the spine related disease caused due to the over smoking, obesity and changed lifestyle are also the key factors for the motion preservation market growth. Furthermore, an increase in demand for minimally invasive surgeries compared to traditional spine surgery, such as low risk of infection, less bleeding, faster recovery, and shorter hospitals stays have further boosted the market growth. Stringent regulatory approval procedures may require more time for FDA approval and unfavorable reimbursement scenarios may decline the market growth. Thus, the increase in demand for the motion preservation device is due to the participation of the key payers in manufacturing and developing of the motion preservation device having benefits over conventional methods of surgery and advanced technology in motion preservation device are expected to act as opportunities for the motion preservation market during forecast period.
The motion preservation devices market is segmented on the basis of product type, surgery, and region. According to the product type, it is segmented into dynamic stabilization devices, artificial disc replacement devices, annulus repair devices, and nuclear disc prostheses devices. Based on the type of surgery, the market is segmented into open spine surgery and minimally invasive spine surgery. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
The key market players for motion preservation device includes Aurora Spine Corporation, B. Braun Melsungen AG, Globus Medical, Inc. HPI Implants, Johnson & Johnson, Paradigm Spine, LLC, RTI Surgical, Inc., Spinal Kinetics, Inc., Ulrich GmbH & Co., KG, and Zimmer Biomet Holdings, Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the motion preservation devices market analysis from 2020 to 2030 to identify the prevailing motion preservation devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the motion preservation devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global motion preservation devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Surgery
- Minimally Invasive Spine Surgery
- Open Spine Surgery
By Product Type
- Dynamic Stabilization Devices
- Artificial Discs
- Annulus Repair Devices
- Nuclear Disc Prostheses Device
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest Fo Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- B. Braun Melunsung
- GlobusMedical, Inc
- Zimmer Biomet
- Aura Spine Incs
- HPI Implants
- Paradigm Spine
- RTI Surgical, Inc
- Raymedica, Inc
- Spinal Kinetics, Inc
- Ulrich GmbH & Co. KG
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: MOTION PRESERVATION DEVICES MARKET, BY PRODUCT TYPE
CHAPTER 5: MOTION PRESERVATION DEVICES MARKET, BY SURGERY
CHAPTER 6: MOTION PRESERVATION DEVICES MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Motion Preservation Devices Market,' the Motion Preservation Devices Market size was valued at $1.5 billion in 2020, and is estimated to reach $2.8 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030.Motion preservation devices are advanced surgery technology used for the treatment of spine disorders. It helps to restore the motion of the parts such as degenerative lumbar spinal stenosis, facet pain, and degenerative disc disease. There are four types of technologies used for the treatment of posterior motion preservation of degenerative lumbar spine including the total disc replacement, disc nucleus replacement, interspinous process spacers, and posterior dynamic stabilization devices & facet replacement devices. Total disc replacement has application in the complete removal of the disc, while disc nucleus replacement is the evacuation of nucleus pulpous through an amniotomy.The minimally invasive spine surgery is the most preferred motion preservation treatment option because it takes less downtime, low bleeding during surgery, less scarring, less pain, and faster recovery.
The Motion Preservation Devices Market trends are an increase in funding for R&D activities pertaining to motion preservation devices and growth in awareness of spinal surgery drive the motion Preservation Devices Market growth. Moreover, an increase in the adoption of novel and technologically advanced techniques, such as minimally invasive spine surgery is anticipated to drive the market growth. In addition, the rise in spinal disorder incidences boosts the demand for effective treatment solutions. Furthermore, a rise in the prevalence of spinal disorders and a surge in changing lifestyles drive the growth of the motion preservation device market. However, the procedure for obtaining a regulatory FDA approval for motion preservation devices is time-consuming & unfavorable reimbursement scenarios are expected to hamper the growth of the market. Moreover, the surge in demand for minimally invasive spine surgery due to an increase in complications and significant advancements in surgical techniques are expected to impel market growth. Furthermore, growth in incidences of diseases such as spinal disorders and neurological disorders has positively propelled the growth of the global motion preservation device market.
COVID-19 Impact
Coronavirus (COVID-19) was discovered in December 2019 in Hubei province of Wuhan city in China. The disease is caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans.After its discovery in Wuhan, the disease rapidly spread to other parts of the globe. Moreover, this virus causes various symptoms in patients, which range from common symptoms to serious symptoms. For instance, common symptoms include fever, dry cough, and fatigue. However, serious symptoms include difficulty in breathing or shortness of breath, chest pain or pressure, and loss of speech or movement. Furthermore, the virus has a high potential of lethality in the geriatric population. On March 11, 2020, the World Health Organization made an assessment that COVID-19 can be characterized as a pandemic. In addition, only a few vaccines received emergency approvals for COVID-19 prevention. Thus, social distancing is observed as the most important measure to stop the spread of this disease. Furthermore, to maintain social distancing, various countries across the world have adopted nationwide lockdowns.
The outbreak of COVID-19 impacted the motion preservation devices market, as hospital and healthcare services were significantly reduced due to social distancing measures taken by governments across the world. Moreover, the COVID-19 pandemic affected the global economy and showed a huge impact on the functioning of general hospital care for non-COVID-19 patients in hospitals across the globe. As many hospitals and clinics remain closed due to lockdown, the demand for spinal procedures is expected to be subdued in the short term which led to a decline in the demand for motion preservation devices as they are used in spinal procedures. For instance, according to a study published in the British Journal of Surgery, in May 2020, based on 12 weeks of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide were canceled or postponed 2020.
The motion preservation devices market is segmented on the basis of product type, surgery, and region. According to the product type, it is segmented into dynamic stabilization devices, artificial disc replacement devices, annulus repair devices, and nuclear disc prostheses devices. Based on the type of surgery, the market is segmented into open spine surgery and minimally invasive spine surgery. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
The key market player operating in Motion Preservation Devices Industry are includes Aurora Spine Corporation, B. Braun Melsungen AG, Globus Medical, Inc. HPI Implants, Johnson & Johnson, Paradigm Spine, LLC RTI Surgical, Inc. Spinal Kinetics, Inc., Ulrich GmbH & Co., KG, and Zimmer Biomet Holdings, Inc.
By product type, it is segmented into dynamic stabilization devices, artificial disc replacement devices, annulus repair devices, and nuclear disc prostheses devices. The artificial discs segment has the highest Motion Preservation Devices Market share, owing to a rise in the prevalence of spine injuries, technological advancements, and an increase in the adoption of spinal surgery procedures.
By surgery type, the market is segmented into open spine surgery and minimally invasive spine surgery. The open spine surgery segment was the highest contributor in 2021, owing to a rise in awareness among individuals regarding the advantages of minimally invasive surgery.
Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest contributor to the global market in 2020, owing to the presence of key players and the high rate of adoption of technologies in the region. Asia-Pacific is projected to grow at a significant CAGR during the forecast period, owing to a rise in the incidence of cardiovascular disease, diabetes, and spine injuries and their associated burdens.
Key findings of the Study
- By product type, the artificial discs segment was the highest contributor to the market in 2020.
- By surgery type, the open spine surgery segment dominated the market in 2020 and is expected to continue this trend during the forecast period.
- Region-wise, North America garnered the largest revenue share in 2020; however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- B. Braun Melunsung
- GlobusMedical, Inc
- Zimmer Biomet
- Aura Spine Incs
- HPI Implants
- Paradigm Spine
- RTI Surgical, Inc
- Raymedica, Inc
- Spinal Kinetics, Inc
- Ulrich GmbH & Co. KG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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