Degenerative Disc Disease Treatment Market: Overview
Degenerative Disc Disease treatment is one of most common cause of neck pain and lower back pain and greatly affects the quality of one’s life. The symptoms of pain arise due to degeneration of one or more intervertebral discs of the spine. This pain condition is called as Degenerative Disc Disease (DDD) or Degenerative Disc Disorder. Intervertebral discs, also known as intervertebral fibrocartilage or spinal discs form padding between each vertebra of the spine and acts as shock absorber for vertebrae. These discs tend to degenerate with age due to loss of fluid in them and development of cracks and tears in the fibrous layer of the disc. Most of adults experience a back pain at some point in their lifetime and the pain or impairment of mobility is observed in as many as 80% of healthy adults between the ages of 30 and 50. Moreover, every person of age 65 and above is likely to be affected by this disease in form of stiffness and decreased flexibility. Therefore, tremendous population is vulnerable to this disease and poses significantly high market opportunity for degenerative disc disease treatment market.
Most often nonsurgical methods are utilized for treating degenerative disc disease. These treatment methods include physical therapy and chiropractic treatment along with pain relieving drugs such as nonsteroidal anti-inflammatory drugs (NSAIDS). However, surgery becomes inevitable if the symptomatic treatments are ineffective and the pain hinders normal activity of patient. There are several surgical options available today for treating degenerative disc disease from which a choice can be made. These include corpectomy, discectomy, facetectomy, foraminotomy, intervertebral disc annuloplasty, intervertebral disc arthroplasty, laminoplasty, laminotomy, percutaneous disc decompression & percutaneous laser disc decompression, spinal decompression, and spinal laminectomy.
Degenerative Disc Disease Treatment Market: Products Landscape
The products used during these surgeries vary depending on the type of surgery and may include one or more products. The medical products for these treatments include bone graft substitute, metal plate and screws, stabilization implants and in certain cases artificial disc replacement or total disc replacement is also recommended. The U.S. Food and Drug Administration (USFDA) recently approved CHARITÉ Artificial Disc and PRODISC-L Total Disc Replacement of DePuy Synthes (a Johnson & Johnson Company) for lumbar disc replacements. The artificial discs for cervical disc replacement available in the market include include Mobi-C Cervical Disc, PRESTIGE Cervical Disc System, ProDisc-C Total Disc Replacement, BRYAN Cervical Disc, SECURE®-C Cervical Artificial Disc, and PCM Cervical Disc System.
Degenerative Disc Disease Treatment Market: Competitive Insight
Some of the companies in the global degenerative disc disease treatment market include Aesculap AG, Axio Med Spine Corporation, Disc Motion Technologies, Inc., EDEN SPINE, LLC, FlexisMed SA, ErgoSpine, Nexgen Spine, Inc., NuVasive, Inc., Ranier Technology Limited, SpinalMotion, Inc., Stryker Corporation, LDR Holding Corporation, Theken Disc, LLC, Zimmer, Medtronic, Inc., DePuy Synthes (a Johnson & Johnson Company), Biomet, Inc., and Amedica Corporation.
The market is, however, restrained due to several factors such as lack of reimbursement, unavailability of long term safety data for surgical treatment of degenerative disc disease. Some of the major companies in the market such as DePuy Synthes, LDR Holding Corporation, Medtronic, Inc., and Stryker Corporation are conducting extensive exercise of collecting evidence for several products in treatment of degenerative disc disease. The positive results from these studies are expected in near future which will boost confidence among payor community and help the market grow to next level.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
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Below is a snapshot of these quadrants.
1. Customer Experience Map
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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