Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
Spinal motion preservation devices are primarily used to treat various disorders related to spine. Spinal motion preservation devices are used to straighten vertebral, stabilize the motion of body, fixes multiple spinal segment and maintain the curvature of spine. The primary objectives of the spinal motion preservation devices are to maintain flexibility and retain specific motion. There are numerous techniques such as disc arthroplasty and laminoplasty that are associated in preserving the range of motion in the treated spine. The various problems in aged population are spinal stenosis, enlargement of bone and joints and thickening of tissues. There are varied varieties of devices that provide better treatment substitute than spine fusion for patients with pain and loss function. Additionally, various surgical methods that are used to preserve spinal motion cervical disc arthroplasty are the most effective method.
Market Size and Forecast
The global spinal motion preservation device market is anticipated to reach around USD 4.5 Bn by 2027. The CAGR of global spinal motion preservation device market is anticipated to be around 9.0% during 2017-2027. The increasing number of spinal disorders and availability of developed spine surgery technique is anticipated to increase the demand for the spinal motion preservation device.
The global spinal motion preservation device market can be segmented on the basis of device type, procedure type and end-user type. Based on the type of device, it is sub-segmented into nuclear disc prostheses devices, annulus repair devices, artificial discs and dynamic stabilization devices. On the basis of end-user, global spinal motion preservation device market is further sub-segmented into orthopedic surgical centers, ambulatory care centers and hospitals and clinics. Hospitals and clinics sub-segment is anticipated to be the highest growing on the account of increasing number of patients and enhanced curing facility provided to the patient.
By region, global spinal motion preservation device market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to be leading region of the global spinal motion preservation device market on the account of increasing incidences of spinal injuries coupled with growing usage of spinal motion preservation devices. Furthermore, the growing awareness among patient and availability of highly developed healthcare facilities in the region is anticipated to increase the market of spinal motion preservation device. Asia-Pacific is anticipated to observe significant growth during the predicted period on the back of growing geriatric population and increasing disposable income of the population.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global spinal motion preservation device market in the following segments:
By Device type:
By Procedure type:
By End-User type:
By Region
Global spinal motion preservation device market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Major drivers that are expected to promote the market growth of the global spinal motion preservative device include increasing number of spinal disorder and rising geriatric population. Spinal motion preservation and surgery devices help in growing adoption of surgical techniques and restore the movement of spine.
However, strict government regulations and unfavorable reimbursement policies of the government are some the factors that hinder the global spinal motion preservation device market.
Key Players
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