The global motion preservation market was valued at around $1 billion in 2015 and is expected to surpass $2 billion by 2020, says Technavio.
Technavio’s orthopedics and general medicine portfolio has announced its latest market research report on motion preservation for the forecast period, 2016-2020. This market study discusses the major drivers and key emerging trends that will influence the growth of the global motion preservation market during the forecast period. Some of the top vendors listed in this industry analysis include Toppan Printing, Mitsubishi Plastic, Amcor, Bemis, and Berry Plastics.
In terms of geographical analysis, the Americas will account for the largest share of the global market and is expected to reach revenues of more than $1336 million by 2020. China, India, and Japan will emerge as the key revenue-generators in this region.
“The increased adoption of motion preservation is an upcoming trend in the global market for motion preservation. The rise in the adoption of motion preservation is a result of the cost reduction brought about by contract manufacturing. Contract manufacturers use advanced technologies such as implant-grade polyetheretherketone (PEEK) spacers to manufacture spinal implants for 3D printing. PEEK materials are biocompatible and can be used as alternatives to metal spinal implants,” says Bharath Palada, a lead analyst at Technavio for research on orthopedics and general medicine.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Increased prevalence of spinal disorder patients will increase usage of motion preservation surgeries
The global market for motion preservation grows in tandem with the rise in the incidence of spinal disorders such as herniated discs, DDD, spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis. In 2013, a statistical report by the UN estimated that 841 million people worldwide were aged 60 years and above, accounting for almost 12% of the global population. This number is likely to increase to two billion by 2050. The projected rise in the cases of spinal disorders will increase the volume of spinal implant surgeries to relieve pain and preserve spinal motion.
Effective stability facilitation in artificial spine implants drives adoption of surface-modified titanium
The use of titanium as an alternative metal over stainless steel for the manufacture of cervical spinal implants is on a rise in the global market. Titanium implants are strong, lightweight, and have minimum interference during computed tomography (CT) and magnetic resonance imaging (MRI) after implantation as compared to stainless steel. Furthermore, titanium implants maintain a porous structure on the inner surfaces which promotes the integration of bone for enhanced fusion and retroserrated toothing on the caudal and cranial surfaces of the implant to provide effective primary stability.
Growing preference of advanced nucleus arthroplasty motion preservation technology that shows fastest recovery
Nucleus Arthroplasty is an advanced technology in motion preservation which follows a novel treatment approach. In this technology, the degenerated nucleus of patients is replaced by surgical intervention. A nucleus arthroplasty surgery helps maintain the geometry of the index intervertebral disc and prevent adjacent segment degeneration by preserving the motion. This technology shows better patient outcome, especially in young individuals, compared to fusion surgeries and better management of DDD. Many prominent players in the market, such as Medtronic, are investing in development nucleus arthroplasty technology.
Some of the other prominent vendors identified in this report are AxioMed, Globus Medical, joimax, Orthofix, Spinal Kinetics, and Vertebral Technologies.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Motion Preservation Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Cervical Artificial Discs Market 2016-2020
- Global Spinal Implants Market 2016-2020
- Global Anterior Cervical Fixation Devices Market 2016-2020
- Global Spine Biologics Market 2016-2020
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