Spine-related disorders and deformities are treated using motion preservation devices. Disorders such as spinal stenosis and lumbar degenerative spondylolisthesis are caused due to the degeneration of intervertebral disc, deformity, tumors, and trauma. Implant systems equipped with specially designed spinal instrumentation such as plates, rods, and screws, which are used for fusion, correct deformities, and stabilize & strengthen the spine, are used in motion preservation surgical procedures.
The motion preservation devices market generated $920 million in 2015, and is projected to reach $1,902 million by 2022, registering a CAGR of 10.9% from 2016 to 2022. The market is driven by factors such as increase in geriatric population, rise in incidence of spinal disorders, and growth in patient awareness about advances in spinal surgeries, such as artificial disc replacement. However, unfavorable reimbursement scenario and stringent regulatory approval procedure hamper the market growth.
The report segments the motion preservation devices market based on 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 have adopted product development strategies such as product launches, approvals, and clinical trials. For instance, in September 2012, Globus Medical, Inc. received FDA approval for SECURE-C Artificial Cervical Disc, which is used to replace the diseased cervical disc causing arm pain and/or weakness or numbness.
KEY BENEFITS FOR STAKEHOLDERS
This report offers an extensive analysis of the current trends and emerging estimations of the global motion preservation market for the period of 2014–2022 to identify the prevailing opportunities.
Comprehensive analysis of geographical regions is provided along with the factors that drive and restrict the market growth.
Quantitative analysis of the market for the period of 2014–2022 is provided to understand the financial scenario.
The regional and country-level analyses of the market are provided in the report.
MOTION PRESERVATION DEVICES MARKET KEY SEGMENTS
By Product Type
Motion Preservation Devices
Dynamic Stabilization Devices
Interspinous Process Spacers
Pedicle Screw-based Systems
Facet Replacement Products
Artificial Cervical Discs
Artificial Lumbar Discs
Annulus Repair Devices
Nuclear Disc Prostheses
Open Spine Surgery
Minimally Invasive Spine Surgery
Rest of Europe
Rest of Asia-Pacific
Rest of LAMEA
1.1. Key Benefits
1.2. Key Market Segments
1.3. Key Players
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
Chapter 2 Executive Summary
2.1. Key Findings Of The Study
2.2. CXO Perspective
Chapter 3 Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Winning Strategies
220.127.116.11. Competitive Intelligence And Strategies Of Companies
3.2.2. Top Investment Pockets
3.3. Market Share Analysis, 2015
3.4. Market Dynamics
18.104.22.168. Growing Elderly Population
22.214.171.124. Increasing Prevalence Of Spinal Disorders
126.96.36.199. Advancements In Spine Surgery
188.8.131.52. Shift Towards Minimal Invasive Spine Procedures
184.108.40.206. Stringent Regulatory Approval Procedure
220.127.116.11. Unfavorable Reimbursement Scenario
18.104.22.168. Emerging Markets To Drive The Demand For Spinal Implants And Devices
22.214.171.124. Motion Preservation Surgery
3.4.4. Impact Analysis
3.5. Porter's Five Force's Analysis
3.5.1. Bargaining Power Of Buyers
3.5.2. Bargaining Power Of Suppliers
3.5.3. Threat Of Substitutes
3.5.4. Threat Of New Entrants
3.5.5. Competitive Rivalry
3.6. Government Regulations
Chapter 4 Global Motion Preservation Devices Market, By Product
4.1.1. Key Market Trends
4.1.2. Growth Factors And Opportunities
4.1.3. Market Size And Forecast
4.1.4. Global Motion Preservation Device Implantations, By Type
4.1.5. Dynamic Stabilization Systems
126.96.36.199. Market Size And Forecast
188.8.131.52.1. Interspinous Process Spacers
184.108.40.206.1.1. Market Size And Forecast
220.127.116.11.2. Pedicle-Based Dynamic Rods
18.104.22.168.2.1. Market Size And Forecast
22.214.171.124.3. Facet Replacement Products
126.96.36.199.3.1. Market Size And Forecast
4.1.6. Artificial Discs
188.8.131.52. Market Size And Forecast
184.108.40.206.1. Artificial Cervical Discs
220.127.116.11.1.1. Market Size And Forecast
18.104.22.168.2. Artificial Lumbar Discs
22.214.171.124.2.1. Market Size And Forecast
4.1.7. Annulus Repair Devices
126.96.36.199. Market Size And Forecast
4.1.8. Nucleus Disc Prosthesis Device
188.8.131.52. Market Size And Forecast
Chapter 5 Global Motion Preservation Devices Market, By Surgery
5.1.1. Market Size And Forecast
5.2. Open Surgery
5.2.1. Market Size And Forecast
5.3. Minimally Invasive Surgery
5.3.1. Market Size And Forecast
Chapter 6 Global Motion Preservation Devices Market, By Region
6.1.1. Market Size And Forecast
6.2. North America
6.2.1. Key Market Trends
6.2.2. Growth Factors And Opportunities
6.2.3. Market Size And Forecast
6.2.4. U.S. Market Size And Forecast
6.2.5. Canada Market Size And Forecast
6.2.6. Mexico Market Size And Forecast
6.3.1. Key Market Trends
6.3.2. Growth Factors And Opportunities
6.3.3. Market Size And Forecast
6.3.4. France Market Size And Forecast
6.3.5. Germany Market Size And Forecast
6.3.6. Uk Market Size And Forecast
6.3.7. Spain Market Size And Forecast
6.3.8. Italy Market Size And Forecast
6.3.9. Rest Of Europe Market Size And Forecast
6.4.1. Key Market Trends
6.4.2. Growth Factors And Opportunities
6.4.3. Market Size And Forecast
6.4.4. India Market Size And Forecast
6.4.5. China Market Size And Forecast
6.4.6. Japan Market Size And Forecast
6.4.7. South Korea Market Size And Forecast
6.4.8. Australia Market Size And Forecast
6.4.9. Rest Of Asia-Pacific Market Size And Forecast
6.5.1. Key Market Trends
6.5.2. Growth Factors And Opportunities
6.5.3. Market Size And Forecast
6.5.4. Brazil Market Size And Forecast
6.5.5. Saudi Arabia Market Size And Forecast
6.5.6. South Africa Market Size And Forecast
6.5.7. Rest Of Lamea Market Size And Forecast
Chapter 7 Company Profiles
7.1. Aurora Spine Corporation
7.1.1. Company Overview
7.1.2. Company Snapshot
7.1.3. Operating Product Categories
7.1.4. Business Performance
7.1.5. Key Strategic Moves And Developments
7.2. B. Braun Melsungen Ag
7.2.1. Company Overview
7.2.2. Company Snapshot
7.2.3. Operating Business Segments
7.2.4. Business Performance
7.3. Hpi Implants
7.3.1. Company Overview
7.3.2. Company Snapshot
7.3.3. Operating Product Categories
7.3.4. Business Performance
7.3.5. Key Strategic Moves And Developments
7.4. Johnson & Johnson
7.4.1. Company Overview
7.4.2. Company Snapshot
7.4.3. Operating Business Segments
7.4.4. Business Performance
7.4.5. Key Strategic Moves And Developments
7.5. Globus Medical, Inc.
7.5.1. Company Overview
7.5.2. Company Snapshot
7.5.3. Operating Product Categories
7.5.4. Business Performance
7.5.5. Key Strategic Moves And Developments
7.6. Paradigm Spine
7.6.1. Company Overview
7.6.2. Company Snapshot
7.6.3. Key Strategic Moves And Developments
7.7. Rti Surgical, Inc
7.7.1. Company Overview
7.7.2. Company Snapshot
7.7.3. Operating Business Segments
7.7.4. Business Performance
7.7.5. Key Strategic Moves And Developments
7.8. Spinal Kinetics, Inc.
7.8.1. Company Overview
7.8.2. Company Snapshot
7.8.3. Key Strategic Moves And Developments
7.9. Ulrich Gmbh & Co. Kg
7.9.1. Company Overview
7.9.2. Company Snapshot
7.9.3. Key Strategic Moves And Developments
7.10. Zimmer Biomet Holdings, Inc.
7.10.1. Company Overview
7.10.2. Company Snapshot
7.10.3. Operating Product Categories
7.10.4. Business Performance
7.10.5. Key Strategic Moves And Developments
Motion preservation devices are used to treat disorders associated with the spine. These devices are used to restore and maintain the normal alignment of the spine. The advent of minimally invasive spine surgery techniques and rise in incidence of spinal disorders drive the market. In addition, rise in geriatric population and technological developments in bone grafting products are anticipated to boost the demand for motion preservation devices, globally. However, unfavorable reimbursement scenario and stringent regulatory approval process hamper the market growth.
Artificial disc replacement segment generated the highest revenue in the global non-fusion/motion preservation devices market in 2015, owing to their increased preference over spinal fusion procedures. In addition, the nuclear disc prostheses segment is anticipated to grow rapidly, registering a CAGR of 11.1% during the forecast period.
The global motion preservation devices market is segmented on the basis of surgery into open spine surgery and minimally invasive spine surgery (MISS). The open spine surgery segment generated the highest revenue in 2015. However, the MISS segment is expected to grow at the highest CAGR during the study period.
Key findings of Motion Preservation Market:
The artificial disc replacement devices segment accounted for nearly half of the global motion preservation devices market in 2015.
The nuclear disc prosthesis device segment is the fastest growing segment and is poised to grow at a CAGR of 11.1% during the forecast period.
The dynamic stabilization devices segment is expected to grow at a significant CAGR of 10.9%, owing to the use of flexible materials during dynamic stabilization procedure for restoring mobility in the spine.
France and Germany jointly accounted for more than one-third share of the global motion preservation devices market in 2015.
Japan was the major shareholder in the Asia-Pacific motion preservation devices market, accounting for more than one-third share in 2015.
North America accounted for the majority of revenue in 2015, and is expected to maintain its dominance throughout the forecast period. This is attributed to increased adoption of motion preservation devices in surgery and rise in incidence of spinal disorders and impairments, such as spinal stenosis. However, the Asia-Pacific region is projected to grow rapidly during the forecast period, registering a CAGR of 11.5%. Improving healthcare infrastructures and increase in expenditures in the emerging markets, such as India and China, to cater to the unmet medical needs in these countries have bolstered the market growth.
The key players in the motion preservation devices market have focused on expanding their business operations in the fast-growing emerging countries by adopting the new product launch strategy. The major companies profiled in the report include Aurora Spine Corporation, B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Globus Medical, Inc., HPI Implants, Paradigm Spine, RTI Surgical, Inc., Raymedica, Inc., Spinal Kinetics, Inc., Ulrich GmbH & Co. KG, and Zimmer Biomet Holdings, Inc.
- Aurora Spine Corporation
- B. Braun Melsungen AG
- Depuy Synthes (Johnson & Johnson)
- Globus Medical, Inc.
- HPI Implants
- Paradigm Spine
- RTI Surgical, Inc.
- Raymedica, Inc.
- Spinal Kinetics, Inc.
- Ulrich GmbH & Co. KG
- Zimmer Biomet Holdings, Inc.