This Degenerative Disc Disease Treatment market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The degenerative disc disease treatment market size has grown strongly in recent years. It will grow from $25.33 billion in 2023 to $27.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to an aging population, sedentary lifestyles, advances in medical technology, increased awareness of degenerative disc disease, rising obesity rates, a higher incidence of sports injuries, and expanded access to healthcare.
The degenerative disc disease treatment market size is expected to see strong growth in the next few years. It will grow to $35.45 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth projected for the forecast period can be attributed to increasing healthcare expenditure, a rising demand for minimally invasive procedures, improved patient education, expanding clinical research, and a growing global incidence of spine disorders. Major trends expected include the integration of AI and machine learning, advancements in regenerative medicine, innovations in minimally invasive surgery, the use of wearable technology, 3D printing for custom implants, the expansion of telemedicine and remote consultations, and a focus on personalized medicine.
The growing incidence of sports injuries is expected to drive the expansion of the degenerative disc disease treatment market. Sports injuries involve physical damage or trauma sustained by athletes or individuals engaged in physical activities, often resulting from sudden impacts, overuse, or improper techniques. The rise in sports injuries is linked to factors such as increased participation rates, more rigorous training regimens, and a heightened focus on competitive performance. Degenerative disc disease treatment is utilized to manage chronic spinal pain and restore function when disc degeneration affects athletes' performance and mobility. For example, in June 2022, the National Safety Council, a US-based nonprofit organization, reported that 3.2 million people were treated in emergency departments for injuries related to sports and recreational equipment. This represents a 20% increase in injuries in 2021, with 409,224 reported injuries compared to 377,939 in 2020. As a result, the rising number of sports injuries is fueling growth in the degenerative disc disease treatment market.
Leading companies in the degenerative disc disease treatment market are focusing on developing innovative therapies, such as injectable disc cell therapy (IDCT), to enhance patient outcomes by increasing disc volume, relieving low back pain, and reducing reliance on pain medications. Injectable disc cell therapy (IDCT) is a regenerative treatment designed for symptomatic lumbar degenerative disc disease. For instance, in February 2023, DiscGenics Inc., a US-based biopharmaceutical company, received FDA regenerative medicine advanced therapy designation for its injectable disc cell therapy (IDCT), which targets symptomatic lumbar degenerative disc disease. This cutting-edge therapy employs a live progenitor cell population derived from donated adult human intervertebral disc tissue. IDCT aims to boost disc volume, alleviate low back pain, and lessen the need for pain medication in affected patients.
In January 2023, Companion Spine LLC, a US-based spine care company, acquired Backbone SAS for an undisclosed amount. This acquisition is intended to enhance Companion's portfolio of medical implants for treating spine and back pain. Backbone SAS, based in France, specializes in developing and manufacturing medical devices for spine and back pain treatment.
Major companies operating in the degenerative disc disease treatment market are Pfizer Inc., Johnson And Johnson, Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline PLC, Medtronic plc, Amgen Inc., Baxter International Inc., B. Braun SE, Zimmer Biomet Holdings Inc., Arthrex Inc., Ferring B.V., Biocon Limited, Integra LifeSciences Holdings Corporation, NuVasive Inc., Globus Medical Inc., Orthofix Medical Inc., RTI Surgical Holdings Inc., LifeNet Health.
North America was the largest region in the degenerative disc disease treatment market in 2023. The regions covered in the degenerative disc disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the degenerative disc disease treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Degenerative disc disease treatment encompasses various medical approaches designed to alleviate symptoms and enhance functionality in individuals with degenerative disc disease, a condition where the spinal discs lose their cushioning ability over time. Treatments may include physical therapy, pain management with medications, lifestyle changes, and, in some cases, surgical procedures like discectomy or spinal fusion to relieve nerve pressure and stabilize the spine.
The primary types of treatment for degenerative disc disease are conventional drugs and novel therapies. Conventional drugs involve standard medications used to manage symptoms, such as pain relievers and anti-inflammatory drugs. These medications can be administered orally or via injection and are utilized in various settings, including hospitals, ambulatory surgical centers, and orthopedic centers.
The degenerative disc disease treatment market research report is one of a series of new reports that provides degenerative disc disease treatment market statistics, including degenerative disc disease treatment industry global market size, regional shares, competitors with a degenerative disc disease treatment market share, detailed degenerative disc disease treatment market segments, market trends and opportunities, and any further data you may need to thrive in the degenerative disc disease treatment industry. This degenerative disc disease treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The degenerative disc disease treatment market consists of revenues earned by entities by providing services such as medical consultations, surgical procedures, and post-treatment rehabilitation. The market value includes the value of related goods sold by the service provider or included within the service offering. The degenerative disc disease treatment market also includes sales of spinal implants, orthopedic braces, pain relief medications, physical therapy equipment, and diagnostic imaging tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The degenerative disc disease treatment market size has grown strongly in recent years. It will grow from $25.33 billion in 2023 to $27.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth during the historic period can be attributed to an aging population, sedentary lifestyles, advances in medical technology, increased awareness of degenerative disc disease, rising obesity rates, a higher incidence of sports injuries, and expanded access to healthcare.
The degenerative disc disease treatment market size is expected to see strong growth in the next few years. It will grow to $35.45 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The growth projected for the forecast period can be attributed to increasing healthcare expenditure, a rising demand for minimally invasive procedures, improved patient education, expanding clinical research, and a growing global incidence of spine disorders. Major trends expected include the integration of AI and machine learning, advancements in regenerative medicine, innovations in minimally invasive surgery, the use of wearable technology, 3D printing for custom implants, the expansion of telemedicine and remote consultations, and a focus on personalized medicine.
The growing incidence of sports injuries is expected to drive the expansion of the degenerative disc disease treatment market. Sports injuries involve physical damage or trauma sustained by athletes or individuals engaged in physical activities, often resulting from sudden impacts, overuse, or improper techniques. The rise in sports injuries is linked to factors such as increased participation rates, more rigorous training regimens, and a heightened focus on competitive performance. Degenerative disc disease treatment is utilized to manage chronic spinal pain and restore function when disc degeneration affects athletes' performance and mobility. For example, in June 2022, the National Safety Council, a US-based nonprofit organization, reported that 3.2 million people were treated in emergency departments for injuries related to sports and recreational equipment. This represents a 20% increase in injuries in 2021, with 409,224 reported injuries compared to 377,939 in 2020. As a result, the rising number of sports injuries is fueling growth in the degenerative disc disease treatment market.
Leading companies in the degenerative disc disease treatment market are focusing on developing innovative therapies, such as injectable disc cell therapy (IDCT), to enhance patient outcomes by increasing disc volume, relieving low back pain, and reducing reliance on pain medications. Injectable disc cell therapy (IDCT) is a regenerative treatment designed for symptomatic lumbar degenerative disc disease. For instance, in February 2023, DiscGenics Inc., a US-based biopharmaceutical company, received FDA regenerative medicine advanced therapy designation for its injectable disc cell therapy (IDCT), which targets symptomatic lumbar degenerative disc disease. This cutting-edge therapy employs a live progenitor cell population derived from donated adult human intervertebral disc tissue. IDCT aims to boost disc volume, alleviate low back pain, and lessen the need for pain medication in affected patients.
In January 2023, Companion Spine LLC, a US-based spine care company, acquired Backbone SAS for an undisclosed amount. This acquisition is intended to enhance Companion's portfolio of medical implants for treating spine and back pain. Backbone SAS, based in France, specializes in developing and manufacturing medical devices for spine and back pain treatment.
Major companies operating in the degenerative disc disease treatment market are Pfizer Inc., Johnson And Johnson, Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline PLC, Medtronic plc, Amgen Inc., Baxter International Inc., B. Braun SE, Zimmer Biomet Holdings Inc., Arthrex Inc., Ferring B.V., Biocon Limited, Integra LifeSciences Holdings Corporation, NuVasive Inc., Globus Medical Inc., Orthofix Medical Inc., RTI Surgical Holdings Inc., LifeNet Health.
North America was the largest region in the degenerative disc disease treatment market in 2023. The regions covered in the degenerative disc disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the degenerative disc disease treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Degenerative disc disease treatment encompasses various medical approaches designed to alleviate symptoms and enhance functionality in individuals with degenerative disc disease, a condition where the spinal discs lose their cushioning ability over time. Treatments may include physical therapy, pain management with medications, lifestyle changes, and, in some cases, surgical procedures like discectomy or spinal fusion to relieve nerve pressure and stabilize the spine.
The primary types of treatment for degenerative disc disease are conventional drugs and novel therapies. Conventional drugs involve standard medications used to manage symptoms, such as pain relievers and anti-inflammatory drugs. These medications can be administered orally or via injection and are utilized in various settings, including hospitals, ambulatory surgical centers, and orthopedic centers.
The degenerative disc disease treatment market research report is one of a series of new reports that provides degenerative disc disease treatment market statistics, including degenerative disc disease treatment industry global market size, regional shares, competitors with a degenerative disc disease treatment market share, detailed degenerative disc disease treatment market segments, market trends and opportunities, and any further data you may need to thrive in the degenerative disc disease treatment industry. This degenerative disc disease treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The degenerative disc disease treatment market consists of revenues earned by entities by providing services such as medical consultations, surgical procedures, and post-treatment rehabilitation. The market value includes the value of related goods sold by the service provider or included within the service offering. The degenerative disc disease treatment market also includes sales of spinal implants, orthopedic braces, pain relief medications, physical therapy equipment, and diagnostic imaging tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Degenerative Disc Disease Treatment Market Characteristics3. Degenerative Disc Disease Treatment Market Trends and Strategies32. Global Degenerative Disc Disease Treatment Market Competitive Benchmarking33. Global Degenerative Disc Disease Treatment Market Competitive Dashboard34. Key Mergers and Acquisitions in the Degenerative Disc Disease Treatment Market
4. Degenerative Disc Disease Treatment Market - Macro Economic Scenario
5. Global Degenerative Disc Disease Treatment Market Size and Growth
6. Degenerative Disc Disease Treatment Market Segmentation
7. Degenerative Disc Disease Treatment Market Regional and Country Analysis
8. Asia-Pacific Degenerative Disc Disease Treatment Market
9. China Degenerative Disc Disease Treatment Market
10. India Degenerative Disc Disease Treatment Market
11. Japan Degenerative Disc Disease Treatment Market
12. Australia Degenerative Disc Disease Treatment Market
13. Indonesia Degenerative Disc Disease Treatment Market
14. South Korea Degenerative Disc Disease Treatment Market
15. Western Europe Degenerative Disc Disease Treatment Market
16. UK Degenerative Disc Disease Treatment Market
17. Germany Degenerative Disc Disease Treatment Market
18. France Degenerative Disc Disease Treatment Market
19. Italy Degenerative Disc Disease Treatment Market
20. Spain Degenerative Disc Disease Treatment Market
21. Eastern Europe Degenerative Disc Disease Treatment Market
22. Russia Degenerative Disc Disease Treatment Market
23. North America Degenerative Disc Disease Treatment Market
24. USA Degenerative Disc Disease Treatment Market
25. Canada Degenerative Disc Disease Treatment Market
26. South America Degenerative Disc Disease Treatment Market
27. Brazil Degenerative Disc Disease Treatment Market
28. Middle East Degenerative Disc Disease Treatment Market
29. Africa Degenerative Disc Disease Treatment Market
30. Degenerative Disc Disease Treatment Market Competitive Landscape and Company Profiles
31. Degenerative Disc Disease Treatment Market Other Major and Innovative Companies
35. Degenerative Disc Disease Treatment Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Degenerative Disc Disease Treatment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on degenerative disc disease treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for degenerative disc disease treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The degenerative disc disease treatment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Conventional Drugs; Novel Therapies2) By Route Of Administration: Oral; Injectable
3) By End User: Hospitals; Ambulatory Surgical Centers; Orthopedic Center
Key Companies Mentioned: Pfizer Inc.; Johnson And Johnson; Sanofi S.A.; AstraZeneca Plc; Novartis AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Degenerative Disc Disease Treatment market report include:- Pfizer Inc.
- Johnson And Johnson
- Sanofi S.A.
- AstraZeneca Plc
- Novartis AG
- GlaxoSmithKline PLC
- Medtronic plc
- Amgen Inc.
- Baxter International Inc.
- B. Braun SE
- Zimmer Biomet Holdings Inc.
- Arthrex Inc.
- Ferring B.V.
- Biocon Limited
- Integra LifeSciences Holdings Corporation
- NuVasive Inc.
- Globus Medical Inc.
- Orthofix Medical Inc.
- RTI Surgical Holdings Inc.
- LifeNet Health
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 27.07 Billion |
Forecasted Market Value ( USD | $ 35.45 Billion |
Compound Annual Growth Rate | 7.0% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |