Report Ocean presents a comprehensive research report on Motion Preservation Devices, analyzing markets in 150+ countries. With access to 1,00000+ annual reports, subject matter experts ensure accuracy. Methods like S.W.O.T., P.E.S.T.E.L., and regression analysis forecast growth. The report covers regulations, research tech, innovation, and future trends in Motion Preservation Devices.
The global motion preservation devices market size was US$ 1.55 billion in 2021. The global motion preservation devices market is expected to grow to US$ 2.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the study period from 2022 to 2030.
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Devices that preserve motion are employed to treat spinal diseases. These tools are used to maintain and restore the spine’s natural alignment. Motion preservation devices, such as artificial discs and dynamic stabilization devices, work to maintain the normal motion of the spine.
COVID-19 Impact Analysis
The global market for motion preservation devices has experienced a significant increase as a result of the COVID-19 pandemic epidemic. It is owing to the rise in healthcare expenditure and the fact that authorities are focusing on improving the healthcare infrastructure. However, the production and logistics of motion preservation devices have suffered significantly as a result of various nations and regions being placed under stringent lockdowns. Naturally, during the pandemic outbreak’s peak months, utilization of these gadgets has slightly decreased. Nevertheless, the pandemic is expected to have a long-term positive impact on the motion preservation devices market due to a significant rise in investments all across the globe.
Factors Influencing the Market
An increase in the elderly population and favourable demographics around the world are the main factors propelling the global market. If compared to traditional diagnostic testing methods, sophisticated motion preservation devices can offer a better level of sensitivity. This advantage is projected to support the market growth. Additionally, the growing inclination towards less invasive spine surgery over conventional open surge therapy treatments further hastens the market expansion for motion preservation devices.
The major use of motion preservation devices is to keep the normal or near regular motion to the stem. Moreover, motion preservation devices preserve the normal motion of the spine. It is widely used in the treatment of the spinal disorder, which frequently occurs in the geriatric population. Thus, it is expected to raise the demand for motion preservation devices during the analysis period.
Regional Analysis
North America is projected to hold the highest share in motion preservation devices, owing to the highly advanced healthcare infrastructure of the region and rising geriatric population, which will open doors of opportunities for motion preservation devices. Further, the region is home to some of the industry giants thriving in motion preservation devices. The list includes Zimmer Biomet, Spinal Kinetics, Inc., etc.
The Asia-Pacific market for motion preservation devices is projected to develop significantly due to the increasing prevalence of spinal cord deformities and injuries.
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Competitors in the Market
B. Braun Melunsung
GlobusMedical, Inc
Zimmer Biomet
Aura Spine Inc.
HPI Implants
Paradigm Spine
RTI Surgical, Inc.
Raymedica, Inc.
Spinal Kinetics, Inc.
Ulrich GmbH & Co. KG
Other Prominent Players
Market Segmentation
The global motion preservation devices market segmentation focuses on Surgery, Product Type, and Region.
By Surgery
Minimally Invasive Spine Surgery
Open Spine Surgery
By Product Type
Dynamic Stabilization Devices
Artificial Discs
Annulus Repair Devices
Nuclear Disc Prostheses Device
Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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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
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