ALBANY, N.Y, Nov. 30, 2020 /PRNewswire/ -- Motion preservation can be defined as a set of advanced surgical techniques.This surgical method is widely used across the worldwide healthcare sector asa promising substitutefor spinal arthrodesis. The global motion preservation devices market is presenting upward growth graph on the back of increasing demand from ambulatory surgical centers (ASCs), clinics and orthopedic centers, and hospitals.
The global motion preservation devices market is all set to experience expansion at a CAGR of 10.6% during assessment period of 2019 to 2027, as highlighted by the analysts at TMR. They further emphasize that the technological advancements in the worldwide healthcare sector is one of the key factors driving the growth of this market.
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Key Findings of Motion Preservation Devices Market Report
- The global motion preservation devices market is foreseen to develop at 10.6% CAGR during 2019–2027.
- The market is estimated to gather the valuation of US$ 1501.9 Mn by 2027 end.
- In 2018, total valuation of motion preservation devices market was approximately US$ 611.5 Mn.
- Among all products, the total disc replacement devices segment was dominant market segment in 2018.
- On regional front, North America held a lion's share of the motion preservation devices market in 2018.
- The nature of the global motion preservation devices market is highly fragmented.
Explore 157 pages of top-notch research, incisive insights, and detailed country-level projections on Motion Preservation Devices Market (Product - Total Disc Replacement Devices, Posterior Dynamic Devices, Prosthetic Nucleus Replacement Devices, Facet Replacement Devices; Surgery - Minimally Invasive Spine Surgery, Open Spine Surgery; End user - Hospitals, Clinics and Orthopedic Centers, Ambulatory Surgical Centers (ASCs)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/report-toc/59052
Motion Preservation Devices Market: Key Driving Factors and Promising Avenues
- The global motion preservation devices market is expanding at rapid pace on the back of remarkable increase in number of people living with numerous spinal disorder types.
- This aside, the market for motion preservation devices is gaining promising sales opportunities from all across the globe due to increasedacceptance of spinal surgery procedures,technological developments, and remarkable growth in worldwide older population.
- In recent period, major populace from across the world is inclined toward selecting minimally invasive procedures.This factor is generating demand opportunities in the motion preservation devices market.
- Presence of promising reimbursement policies is one of the important factors boosting market growth.
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Motion Preservation Devices Market: Competitive Assessment
- The global motion preservation devices market shows presence of many active enterprises. This situation indicates high level of competition in this market.Therefore, major vendors working in the market for motion preservation devices are using diverse organic as well as inorganic tactics to lead in this market andstrengthen their customer base across the globe.
- Major players in motion preservation devices market are focused on new products approvalsas well as the launch of superior quality products. To achieve this motive, they are growing investment in research activities.
- Similarly,many industry leaders are growing their interest in mergers and acquisition activities. This strategy is helping them strengthen their leading position in the market for motion preservation devices.
- Several players are entering into partnerships and collaboration agreements. They are using this strategy to grow their regional presence. All these activities assure the promising future of the global motion preservation devices market in the years ahead.
- The list of important companies working in the motion preservation devices market includes Paradigm Spine, Alphatec Holdings, Inc., Spinal Kinetics, Inc., Depuy Synthes (Johnson & Johnson), Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Stryker, Medtronic, K2M, and Nuvasive.
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The motion preservation devices market is segmented as follows:
- Total Disc Replacement Devices
- Posterior Dynamic Devices
- Facet Replacement Devices
- Prosthetic Nucleus Replacement Devices
- Open Spine Surgery
- Minimally Invasive Spine Surgery
- Clinics & Orthopedic Centers
- Ambulatory Surgical Centers (ASCs)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- GCC Countries
- Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:
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Wearable Medical Devices Market: The rapid growth of various industries such as remote patient monitoring devices and home healthcare are predicted to influence the global wearable medical devices market positively over the period of assessment. In addition to that, a growing focus of consumers on health and fitness has led to efforts toward leading a healthy lifestyle are anticipated to fuel growth of the market in the years to come.
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