Published Date: 28-Jul-22
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According to a new report, published by KBV research, The Global Motion Preservation Devices Market size is expected to reach $2.1 billion by 2028, rising at a market growth of 6.4% CAGR during the forecast period.
The Annulus Repair Devices market would witness a CAGR of 8.5% during (2022 - 2028). Devices for occluding flaws in annulus fibrosis to avoid disc herniation and recurring disc herniation are disclosed. An intradiscal component with a breadth more than the breadth of the deficiency and a height less than the intervertebral spacing, and an extradiscal component physically attached to the intradiscal component with a height greater than the intervertebral spacing, are the preferred embodiments.
The Open Spine Surgery market is leading the Global Motion Preservation Devices Market by Surgery in 2021, thereby, achieving a market value of $1.4 Billion by 2028. The factors driving the growth of this segment are the lower costs of surgery and hospitalization as well as a rise in the adaptation of the novel and technologically updated techniques such like minimally invasive spine surgery.
North America region acquired maximum revenue share in the Global Motion Preservation Devices Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $748.7 Million by 2028. The Europe market would showcase a CAGR of 5.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 7.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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