Advancements in Treatment Puts Motion Preservation Devices Market on Growth Pedestal
Published On : Jun 04, 2019 | Category : Healthcare
Technology has a huge role to play in improving standards of healthcare. The level of comfort and ease offered in treatment and diagnosis today has led to a surge in the consumption of a large number of services and procedures in the medical field today. One such procedure involves incorporating motion preservation devices where implants are installed in the body to support damaged joints or bones. In the last few years, the demand in the global motion preservation devices market has shot up, and with technology playing a prominent role in aggravating consumption, the demand is expected to soar in the coming years.
Surge in Road Accidents to Lead Growth
A large proportion of patients who receive motion preservation devices are victims of road accidents and trauma. In a year, anything between 20 and 50 million people suffer injuries in a road accident, and a large proportion of these people incur disabilities. As a result, people are advised to replace their joints or consider implants. This established the pertinent need for products in the global motion preservation devices market.
Awareness among People to Stimulate Demand
There is no denial that the level of awareness in the common man today about diseases and their repercussions is better than what it was a few years ago. This is due to the access of information in a tap and penetration of the internet. When people suffer from a condition or a symptom surfaces, they usually visit Dr. Google. This, as a result, has made people more aware about the condition and the treatment options. Also, the access to information has helped them read more on the success stories of people who have undergone similar treatment. This prompts them to visit the doctor and seek advice on the same. Such aspects stem the prospects for products in the global motion preservation devices market.
Surge in Cases of Obesity Fuels Consumption
A wobbling one-third population in the world is either obese or over-weight. A direct consequence of this is the sharp increase in cases of knee ailments, hip conditions, and bone density disorders. All these result in people suffering from chronic hip disorders and other bone ailments. In most cases, orthopaedicians advise joint replacement. This stimulates growth in the global motion preservation devices market. A large proportion of the population suffers from ortho-conditions due to poor lifestyle resulting in low calcium density. It prompts people to adopt treatment in the global motion preservation devices market.
Besides such conditions, products in the global motion preservation devices market also provide solutions for genetic and other locomotory disorders. This has helped improve condition of children affected by serious conditions and treat people with permanent disability too.
Private and Public Insurance to Support Growth in Motion Preservation Devices Market
There is no doubt that the cost of treatment in the global motion preservation devices market is high, and the question of affordability often deters patients’ hopes. In addition, the availability of these devices in remote and underdeveloped regions is less too. These factors majorly restrain the global motion preservation devices market.
This is where people friendly policies by the government and private health insurances come into play. A large number of policies cover expenses for these complex procedures and thus promote growth for products in the global motion preservation devices market. This has helped many people come forward and adopt treatment, surging consumption.