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(Medical-NewsWire.com, October 16, 2017 ) The motion preservation devices market is estimated to be around $2.5 billion by 2025. Growing number of spine related disorders coupled with increasing geriatric population and advancements in motion preservation devices are the key factors driving the demand for these devices. Moreover, growing popularity of minimally invasive spine procedures and increasing patient awareness regarding advances in spine surgeries will further boost the market growth. However, stringent government regulations for product approval and high procedure cost and expensive implants will restrain the growth of motion preservation devices market in near future.
Product Outlook and Trend Analysis
Artificial disc replacement devices segment dominated the global motion preservation devices market in 2016. This can be attributed to rising adoption of artificial disc replacement devices over spinal fusion devices. The nuclear disc prostheses devices segment is expected to grow at high CAGR during the forecast period. The dynamic stabilization devices segment will also show significant growth rate. This can be attributed to use of flexible materials while performing dynamic stabilization procedure for restoring the spine mobility.
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Regional Outlook and Trend Analysis
North America dominated the motion preservation devices market in 2016. This can be attributed to increase in the prevalence of spine disorders and impairments and increasing preference for motion preservation devices in spine procedures. Asia-Pacific will show high market potential for motion preservation devices during the forecast period. This can be attributed to factors such as rise in prevalence of spine related disorders, improving healthcare infrastructure, and increase in healthcare expenditure.
Market Classification
Motion Preservation Devices Market, By Product, Estimates and Forecast, 2016-2025 ($Million)
Annulus Repair Devices
Nuclear Disc Prostheses Devices
Artificial Discs Replacement Devices
Artificial Lumbar Discs
Artificial Cervical Discs
Dynamic Stabilization Devices
Interspinous Process Spacers
Facet Replacement Products
Pedicle Screw-Based Systems
Motion Preservation Devices Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
North America
North America Motion Preservation Devices Market, By Country
North America Motion Preservation Devices Market, By Product
U.S. Motion Preservation Devices Market, By Product
Canada Motion Preservation Devices Market, By Product
Mexico Motion Preservation Devices Market, By Product
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
About Crystal Market Research
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