Motion Preservation Devices Market (By Product: Total Disc Replacement Devices, Prosthetic Nucleus Replacement Devices, Posterior Dynamic Devices, Facet Replacement Devices; By Surgery: Open Spine Surgery, Minimally Invasive Spine Surgery; By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Centers and Clinics) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Introduction

According to Acumen Research and Consulting, the global Motion Preservation Devices market is expected to grow at noteworthy CAGR around 10.5 % throughout the forecast period and reach around US$ 1.5 billion by 2026.

In spinal disorders, movement preservation devices are used. Motion conservation devices are used to treat backbone disorders that maintain the alignment and restore backbone movement. The aim is to maintain normal or near normal movement in order to prevent unfavorable effects seen in the spinal fusion. A minimum invasive procedure is an ideal motion preservation device, which retains or restores normal motion of the spine. In the geriatric population, spinal disorder is most common. Due to ageing, structural changes are occurring in the column such as bone & joint extension and tissue thickening that supports the column. In various stages of development there are a wide range of post movement preservation devices. The main objective of motion preservation devices is for pain and function loss caused by spinal cord stenosis, degenerative disc disease and facet pain to provide better treatments than spinal fusion. A number of motion preservation techniques, such as cervical replacement of artificial discs, are used to decompress the back and nerve roots, and maintain a natural move in the neck that is normally indicated in stenosis and disc herniation patients. Secondly, artificial lumbar disc substitution enables the nerve roots and spinal canal to decompose and retain natural back movement.

The report provides analysis of global Motion Preservation Devices market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

Market Dynamics

The growth of the market of motion preservation devices is driven by the growing number of spinal disorders in conjunction with an increase in the geriatric population and technological progress in movement conservations devices. Growing popularity among other procedures in minimally invasive spine procedures and increasing the awareness of patients in advanced spine operations will enhance the development of the general movement preservation devices market. Motion preservation operation helps restore the motion leading to an increase in the acceptance of operations. But the growth of the motion preservation devices market will be limited by costly implants and high cost of procedures. The growth of the motion preservation device market is impeded by stringent regulatory approvals and unfavorable reimbursement scenarios.

The global market for motion preservation products during the forecast period is projected to boost emerging technologies for movement preservation. The demand for motor preservation products also increases digital monitoring and display to boost the market. Remote controlled mechanisms that further propel the market are also being innovated.

Market Insights

Motion Preservation devices like artificial disk substitutions are dominating the market as the adoption of artificial disc substitutions is increasing. Increased incidence of spinal disorders due to the huge amount of geriatric populations has lead to minimally invasive techniques and the market in motion protection devices. The increasing advancement and development of the technology in bone grafts will boost the overall movement preservation devices market. As the popularity increases, a significant part of the motion conservation equipment market will also feature other motion conservation products.

Product Outlook

The product market has been divided into total disc replacement equipment, subsequent dynamic equipment, facet replacement equipment and prothese nucleus replacement equipment. In patients with complex spinal injuries the use of total disk replacement devices offers better service. Due to an increased prevalence of spine injuries, the entire disk replacement segment dominated the market in 2018. The market has been turned into an open-spine operation and minimally invasive spine operation on the basis of surgery. The market is expected to increase the prevalence of vertebral injuries.

Regional Stance

In terms of region, North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa segmented the global motion preservation device market. In 2018, North America was an important part of the world market. The presence of major players and a high rate of technological adoption in the region drive the market in North America. Moreover, the market in the region is likely to increase in the prevalence of backbone injuries. The market is projected to be fueled by an increase in the geriatric population in the United States and by an increase in Cardiovascular, Diabetes and Spinal Injuries and their associated burdens. The European market is driven by an increase in spinal disorders prevalence in the region.

Market Segmentation

Global Motion Preservation Devices Market, By Product

• Total Disc Replacement Devices
• Prosthetic Nucleus Replacement Devices
• Posterior Dynamic Devices
• Facet Replacement Devices

Global Motion Preservation Devices Market, By Surgery

• Open Spine Surgery
• Minimally Invasive Spine Surgery

Global Motion Preservation Devices Market, By End Use

• Hospitals
• Ambulatory Surgical Centers
• Orthopedic Centers and Clinics

Global Motion Preservation Devices Market, By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa (MEA)

The market research study on “Motion Preservation Devices Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Motion Preservation Devices market segments with market dynamics and their impact. The report also covers basic technology development policies.

The report provides an analysis of the latest industry trends from 2015 to 2026 in all sub-segment segments and forecasts revenue and volume growth on the global, the regional and country levels.

An overview of the market and its main concerns is a comprehensive analysis of the global Motion Preservation Devices market. Market dynamics encompasses drivers, restraints and opportunities to simplify the behavior of the market. A thorough study into the products and geographic segments that would help to understand current market trends is presented in the Section on Market Segmentation. The analytics from Porter's Five Force could be useful in determining market profitability for strategists. The cost of the purchaser to switch a Motion Preservation Devices product is low and the supplier has low negotiating power. Motion Preservation Devices products are less varied and the threat of new entrants is increasing. The threat of substitutes increases with low cost change for consumers and the accessibility of alternative therapies. Many competitors are present on the market and industrial rivalry is intense.

Key Players & Strategies

Due to numerous players, the global market for motion preservation devices is very fragmented. Major market players in motion maintenance include Alphatec Holdings, Inc., Paradigm Spine, Depuy Synthes (Johnson & Johnsons), Spinal Kinetics, Inc., Globus Medical, K2M, and Zimmer Biomet Holdings, Inc.

The global movement preservation devices market will be boosted during a forecast period by an increase in the trend for fusion & acquisitions and product approvals & launch in developing countries. The acquisition also boosts the market for motion preservation.