The Motion Preservation Devices Market size was valued at $1.5 billion in 2020, and is estimated to reach $2.8 billion by 2030, growing at a CAGR of 6.7%.

PORTLAND, OREGON, UNITED STATES, August 25, 2022 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Motion Preservation Devices Market by Product Type (Dynamic Stabilization Devices, Artificial Discs, Annulus Repair Devices, Nuclear Disc Prostheses Device), by Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global motion preservation devices industry generated $1.5 billion in 2020, and is expected to reach $2.8 billion by 2030, witnessing a CAGR of 6.7% from 2021 to 2030.

Download Sample PDF at:
https://www.alliedmarketresearch.com/request-sample/1954

Motion preservation devices are advanced surgery technology used for the treatment of spine disorders. It helps to restore the motion of the parts such as degenerative lumbar spinal stenosis, facet pain, and degenerative disc disease. There are four types of technologies used for the treatment of posterior motion preservation of degenerative lumbar spine including the total disc replacement, disc nucleus replacement, interspinous process spacers, and posterior dynamic stabilization devices & facet replacement devices. Total disc replacement has application in the complete removal of the disc, while disc nucleus replacement is the evacuation of nucleus pulpous through an amniotomy ..The minimally invasive spine surgery is the most preferred motion preservation treatment option because it takes less downtime, low bleeding during surgery, less scarring, less pain, and faster recovery.

Covid-19 Scenario -

Owing to reduced open spine surgery procedures, the demand for motion preservation devices decreased considerably. The large number of spinal procedures was postponed in hospitals as they focused on treating increased number of Covid-19 infected patients and postponed non-elective surgeries.

According to a study published in the British Journal of Surgery, during 12 weeks of peak disruption in the hospital operations due to COVID-19, nearly 28.4 million elective surgeries were either canceled or postponed in May 2020. This impacted the motion preservation devices market revenue negatively.

According to CXOs, the companies operating in the global motion preservation devices market. Based on the interviews conducted, the adoption of motion preservation devices is expected to increase in the future, due to advancements in surgical options and rise in the incidence rate of spinal impairments across the globe. The motion preservation devices market has piqued the interest of healthcare professionals, owing to the increase in the use of these devices for the treatment of spinal deformities. Furthermore, the advent of better spine surgery treatment options drives the market growth. Most of spine surgeons prefer minimal invasive surgical techniques for a wide range of motion preservation spine procedures, due to lesser complications associated with the procedure, reduced length of hospital stay, and less bleeding.

Request For Customization:
https://www.alliedmarketresearch.com/request-for-customization/1954

Leading Market Players

B. Braun Melunsung
GlobusMedical, Inc
Zimmer Biomet
Aurora Spine Corporation
HPI Implants
Paradigm Spine
RTI Surgical, Inc.
Raymedica, Inc.
Spinal Kinetics, Inc.
Ulrich GmbH & Co. KG

By product type, it is segmented into dynamic stabilization devices, artificial disc replacement devices, annulus repair devices, and nuclear disc prostheses devices. The artificial discs segment has the highest Motion Preservation Devices Market share, owing to a rise in the prevalence of spine injuries, technological advancements, and an increase in the adoption of spinal surgery procedures.

By surgery type, the market is segmented into open spine surgery and minimally invasive spine surgery. The open spine surgery segment was the highest contributor in 2021, owing to a rise in awareness among individuals regarding the advantages of minimally invasive surgery.

Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest contributor to the global market in 2020, owing to the presence of key players and the high rate of adoption of technologies in the region. Asia-Pacific is projected to grow at a significant CAGR during the forecast period, owing to a rise in the incidence of cardiovascular disease, diabetes, and spine injuries and their associated burdens.

Buy Now:
https://www.alliedmarketresearch.com/checkout-final/641a813a966739ce1b6672d53f5dfe99

KEY FINDINGS OF THE STUDY -

By product type, the artificial discs segment was the highest contributor to the market in 2020.
By surgery type, the open spine surgery segment dominated the market in 2020 and is expected to continue this trend during the forecast period.
Region-wise, North America garnered the largest revenue share in 2020; however, Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Analytics LLP
800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.