The North America Motion Preservation Devices Market would witness market growth of 5.2% CAGR during the forecast period (2022-2028).
A rise in the senior population, as well as favourable demographics around the world, is driving the growth of the motion preservation devices market. Moreover, when compared to traditional diagnostic testing approaches, sophisticated motion preservation devices are easier to use and have a better level of sensitivity. In addition, the choice for minimally invasive spine surgery versus traditional open surge therapy procedures is improving the overall medical infrastructure. As a result, a shorter hospital stay is a major reason for the shift to MIS minimally invasive surgery.
Another factor driving the market growth is relatively inexpensive minimally invasive surgical methods. Moreover, patient awareness of the advantages of motion preservation devices creates a market opportunity for motion preservation devices. The goal of the motion preservation devices is to maintain normal or near-normal motion in order to reduce the negative effects of spinal infusion. An optimal motion preservation device is essentially a minimally invasive treatment that preserves or restores natural spine motion.
The increasing movement of patients and health professionals, as well as medical technology, financial funding, and regulatory regimes outside national borders, has resulted in new patterns of healthcare intake and production during the previous few years. Hence, the need for advanced devices like motion preservation is at up surge. When consumers choose to go over international borders in order to receive advanced medical treatment, this is known as medical tourism, and people of this region are participating in medical tourism for the purpose of spinal surgeries.
The US market dominated the North America Motion Preservation Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $540.2 Million by 2028. The Canada market is exhibiting a CAGR of 7.6% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 6.6% during (2022 - 2028).
Based on Product, the market is segmented into Artificial Discs, Dynamic Stabilization Devices, Annulus Repair Devices, and Nuclear Disc Prostheses Device. Based on Surgery, the market is segmented into Open Spine Surgery and Minimally Invasive Spine Surgery. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Motion Preservation Devices Market is Estimated to reach $2.1 Billion by 2028, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson (DePuy Synthes), B. Braun Melsungen AG, Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Orthofix Medical, Inc. (Spinal Kinetics, LLC), Aurora Spine Corporation, HPI Implants, RTI Surgical, Inc., Ulrich GmbH & Co. KG
Scope of the Study
Market Segments Covered in the Report:
By Product
- Artificial Discs
- Dynamic Stabilization Devices
- Annulus Repair Devices
- Nuclear Disc Prostheses Device
By Surgery
- Open Spine Surgery
- Minimally Invasive Spine Surgery
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Johnson & Johnson (DePuy Synthes)
- B.Braun Melsungen AG
- Globus Medical, Inc.
- Zimmer Biomet Holdings, Inc.
- Orthofix Medical, Inc. (Spinal Kinetics, LLC)
- Aurora Spine Corporation
- HPI Implants
- RTI Surgical, Inc.
- Ulrich GmbH & Co. KG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Motion Preservation Devices Market, by Product
1.4.2 North America Motion Preservation Devices Market, by Surgery
1.4.3 North America Motion Preservation Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Motion Preservation Devices Market
Chapter 4. North America Motion Preservation Devices Market by Product
4.1 North America Artificial Discs Market by Country
4.2 North America Dynamic Stabilization Devices Market by Country
4.3 North America Annulus Repair Devices Market by Country
4.4 North America Nuclear Disc Prostheses Device Market by Country
Chapter 5. North America Motion Preservation Devices Market by Surgery
5.1 North America Open Spine Surgery Market by Country
5.2 North America Minimally Invasive Spine Surgery Market by Country
Chapter 6. North America Motion Preservation Devices Market by Country
6.1 US Motion Preservation Devices Market
6.1.1 US Motion Preservation Devices Market by Product
6.1.2 US Motion Preservation Devices Market by Surgery
6.2 Canada Motion Preservation Devices Market
6.2.1 Canada Motion Preservation Devices Market by Product
6.2.2 Canada Motion Preservation Devices Market by Surgery
6.3 Mexico Motion Preservation Devices Market
6.3.1 Mexico Motion Preservation Devices Market by Product
6.3.2 Mexico Motion Preservation Devices Market by Surgery
6.4 Rest of North America Motion Preservation Devices Market
6.4.1 Rest of North America Motion Preservation Devices Market by Product
6.4.2 Rest of North America Motion Preservation Devices Market by Surgery
Chapter 7. Company Profiles
7.1 Johnson & Johnson (DePuy Synthes)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental &Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Acquisitions and Mergers:
7.2 B. Braun Melsungen AG
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 Globus Medical, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.4 Zimmer Biomet Holdings, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.5.2 Acquisition and Mergers:
7.4.5.3 Approvals and Trials:
7.5 Orthofix Medical, Inc. (Spinal Kinetics, LLC)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Approvals and Trials:
7.6 Aurora Spine Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Research & Development Expenses
7.7 HPI Implants
7.7.1 Company Overview
7.8 RTI Surgical, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisitions and Mergers:
7.9 Ulrich GmbH & Co. KG
7.9.1 Company Overview
TABLE 1 North America Motion Preservation Devices Market, 2018 - 2021, USD Million
TABLE 2 North America Motion Preservation Devices Market, 2022 - 2028, USD Million
TABLE 3 North America Motion Preservation Devices Market by Product, 2018 - 2021, USD Million
TABLE 4 North America Motion Preservation Devices Market by Product, 2022 - 2028, USD Million
TABLE 5 North America Artificial Discs Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Artificial Discs Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Dynamic Stabilization Devices Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Dynamic Stabilization Devices Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Annulus Repair Devices Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Annulus Repair Devices Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Nuclear Disc Prostheses Device Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Nuclear Disc Prostheses Device Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Motion Preservation Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 14 North America Motion Preservation Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 15 North America Open Spine Surgery Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Open Spine Surgery Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Minimally Invasive Spine Surgery Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Minimally Invasive Spine Surgery Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Motion Preservation Devices Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Motion Preservation Devices Market by Country, 2022 - 2028, USD Million
TABLE 21 US Motion Preservation Devices Market, 2018 - 2021, USD Million
TABLE 22 US Motion Preservation Devices Market, 2022 - 2028, USD Million
TABLE 23 US Motion Preservation Devices Market by Product, 2018 - 2021, USD Million
TABLE 24 US Motion Preservation Devices Market by Product, 2022 - 2028, USD Million
TABLE 25 US Motion Preservation Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 26 US Motion Preservation Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 27 Canada Motion Preservation Devices Market, 2018 - 2021, USD Million
TABLE 28 Canada Motion Preservation Devices Market, 2022 - 2028, USD Million
TABLE 29 Canada Motion Preservation Devices Market by Product, 2018 - 2021, USD Million
TABLE 30 Canada Motion Preservation Devices Market by Product, 2022 - 2028, USD Million
TABLE 31 Canada Motion Preservation Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 32 Canada Motion Preservation Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 33 Mexico Motion Preservation Devices Market, 2018 - 2021, USD Million
TABLE 34 Mexico Motion Preservation Devices Market, 2022 - 2028, USD Million
TABLE 35 Mexico Motion Preservation Devices Market by Product, 2018 - 2021, USD Million
TABLE 36 Mexico Motion Preservation Devices Market by Product, 2022 - 2028, USD Million
TABLE 37 Mexico Motion Preservation Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 38 Mexico Motion Preservation Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 39 Rest of North America Motion Preservation Devices Market, 2018 - 2021, USD Million
TABLE 40 Rest of North America Motion Preservation Devices Market, 2022 - 2028, USD Million
TABLE 41 Rest of North America Motion Preservation Devices Market by Product, 2018 - 2021, USD Million
TABLE 42 Rest of North America Motion Preservation Devices Market by Product, 2022 - 2028, USD Million
TABLE 43 Rest of North America Motion Preservation Devices Market by Surgery, 2018 - 2021, USD Million
TABLE 44 Rest of North America Motion Preservation Devices Market by Surgery, 2022 - 2028, USD Million
TABLE 45 Key information –Johnson & Johnson
TABLE 46 key Information – B. Braun Melsungen AG
TABLE 47 key Information – Globus Medical, Inc.
TABLE 48 key Information – Zimmer Biomet Holdings, Inc.
TABLE 49 Key Information – Orthofix Medical, Inc.
TABLE 50 Key Information – Aurora Spine Corporation
TABLE 51 Key Information – HPI Implants
TABLE 52 Key Information – RTI Surgical, Inc.
TABLE 53 Key Information – Ulrich GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Zimmer Biomet Holdings, Inc.