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Motion preservation devices are typically used for spinal diseases or disorders. These motion preservation devices are used for treating disorders that are related to spine which help in aligning and restoring the regular spine motion. The aim of the motion preservation devices is to be able to keep the normal or near regular motion to stem the adverse impact of spinal infusion. An ideal motion preservation device is basically a minimally invasive procedure, it preserve or re-establish normal motion of spine. Spinal disorder is most common in the geriatric population. Due to aging, there are structural changes in the spine such as enlargement in the bone & joints and thickening of the band of tissue that supports spine. There are wide variety of posterior motion preservation devices in various stages of development.

The outbreak of the COVID-19 pandemic has had a profound effect on the overall growth of the global motion preservation device market. With several countries and regions placed under strict lockdowns, the production and logistics of the motion preservation devices has taken a massive hit. More importantly, with the rising number of cases, detection and treatment of the COVID-19 virus has taken increased precedence over others. Naturally, the use of these devices has witnessed a slight fall during the peak months of the pandemic outbreak. However, the situation is about to resume back to the normal as the vaccine production is under the way. There has been a gradual economic recovery in North America and Europe that is expected to help the current sluggish growth of the global market. In order to control as well as eliminate the growth of coronavirus cases, and cater to the increasing demand for the necessary medical devices, there has been a considerable shift in investments from the regulatory bodies in the healthcare segment. This is projected to uplift the growth of the global market in the coming months.

Global Motion Preservation Devices Market - Snapshot

Motion preservation is an intuitively attractive alternative to spinal arthrodesis, theoretically preventing adjacent level degeneration. Long-term stability, endurance and strength of the prosthesis are unknown for a majority of implants. Motion preservation in the posterior elements of the spine is arguably a simpler task, as compared to that of the intervertebral disc. The global motion preservation devices market was valued at US$ 611.5 Mn in 2018 and is projected to reach US$ 1501.9 Mn by 2027, expanding at a CAGR of 10.6% from 2019 to 2027.

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Increase in global geriatric population, technological advancements, rise in number of spine disorders, and increase in adoption of spinal surgery procedures are key factors that are anticipated to drive the global motion preservation devices market. Moreover, inclination toward minimally invasive procedures is likely to propel the market across the globe. Furthermore, high cost of motion preservation devices and available alternative treatment, stringent regulatory approvals, and unfavorable reimbursement scenario are major factors that are anticipated to restrain the market.

 In terms of product, the global motion preservation devices market has been categorized into total disc replacement devices, posterior dynamic devices, facet replacement devices and prosthetic nucleus replacement devices. Utilizations of total disc replacement devices offers improved service delivery in patients with complicated spine injuries. The total disc replacement devices segment dominated the market in 2018, due to a rise in the prevalence of spine injuries. Based on surgery, the market has been bifurcated into open spine surgery and minimally invasive spine surgery. Increase in the prevalence of spine injures is anticipated to drive the market.

In terms of region, the global motion preservation devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a major share of the global market in 2018. The market in North America is driven by the presence of key players and high rate of adoption of technologies in the region. Additionally, a rise in the prevalence of spine injuries is likely to propel the market in the region. Increase in the geriatric population in the U.S. and a rise in the incidence of cardiovascular disease, diabetes, and spine injuries and their associated burdens are anticipated to fuel the market. The market in Europe is driven by an increase in the prevalence of spinal disorders in the region.

The global motion preservation devices market is highly fragment, due to the presence of a large number of players. Major players operating in the global motion preservation devices market include Alphatec Holdings, Inc., Paradigm Spine, Depuy Synthes (Johnson & Johnson), Spinal Kinetics, Inc., Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Medtronic, Stryker, Nuvasive, and K2M.

Increase in trend of mergers & acquisitions and product approvals & launches in developing countries is expected to boost the global motion preservation devices market during the forecast period. Additionally, acquisition boosts the motion preservation market.

Changing Lifestyle Habits and Booming Geriatric Population to Serve as Vital Growth Factors for the Motion Preservation Devices Market between 2019 and 2027

The healthcare sector is witnessing immense advancements in terms of technology. Technological advancements have penetrated deeply into the healthcare sector. A range of diseases and disorders of different body parts can be cured with the help of advanced equipment or devices. Spinal disorders and diseases can also be treated with the help of modern devices and technologies. The motion preservation device is one of the devices through which spinal diseases and disorders can be treated without fusion.

  • Motion preservation devices are used for treating spinal disorders such as spinal stenosis. These devices are also known as non-fusion devices. The devices help in retaining flexibility and movement. These devices are also used for restoring the motion of the spine. The heightening adoption of these devices in surgical procedures may bring tremendous growth opportunities for the motion preservation devices market during the forecast period of 2019-2027.
  • The emergence of motion preservation devices as a feasible alternative to other processes may serve as a vital growth generator across the assessment period of 2019-2027. The increase in spinal disorders and the rise in the geriatric population may serve as vital growth opportunities for the motion preservation devices market through the assessment period.
  • Strategic collaborations play a major role in increasing growth prospects. The players indulge in these collaborations. These activities help the players to increase their influence across the motion preservation devices market, eventually leading to an incline in the growth rate. Novel product launches also assist in increasing the revenues of the players.
  • The COVID-19 pandemic affected the growth of the motion preservation devices market to a certain extent. The closure of manufacturing units during the strict lockdown period led to immense losses. However, the easing of restrictions may serve as a prominent opportunity for growth revival.

Global Motion Preservation Devices Market: Overview

The global motion preservation devices market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, Surgery, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles along with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region, thereby presenting a thorough analysis of the overall competitive scenario in the global motion preservation devices market

Global Motion Preservation Devices Market: Key Segments

In terms of product, the global motion preservation devices market has been segmented into total disc replacement devices, posterior dynamic devices, facet replacement devices, and prosthetic nucleus replacement devices. Based on surgery, the market has been divided into open spine surgery and minimally invasive spine surgery. Based on end-user, the global market has been classified into hospitals, clinics & orthopedic centers, and ambulatory surgical centers (ASCs). The hospital segment is anticipated to expand at a high CAGR during the forecast period. The market has been analyzed based on price variations, technology trend, and presence of key players. The market size and forecast for each of these segments have been provided for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year.

Global Motion Preservation Devices Market: Regional Outlook

In terms of region, the global motion preservation devices market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2017 to 2027, along with their respective CAGRs for the forecast period from 2019 to 2027, considering 2018 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles the major players in the market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key companies profiled in the global motion preservation devices market include Alphatec Holdings, Inc., Paradigm Spine, Depuy Synthes (Johnson & Johnson), Spinal Kinetics, Inc., Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Medtronic, Stryker, Nuvasive, and K2M.

The Global Motion Preservation Devices Market has been segmented as follows:

Product

  • Total Disc Replacement Devices
  • Posterior Dynamic Devices
  • Facet Replacement Devices
  • Prosthetic Nucleus Replacement Devices

Surgery

  • Open Spine Surgery
  • Minimally Invasive Spine Surgery

End-user

  • Hospital
  • Clinics & Orthopedic Centers
  • Ambulatory Surgical Centers (ASCs)

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • GCC Countries
    • Israel
    • Rest of Middle East & Africa

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Motion Preservation Devices Market

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