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Motion preservation surgery helps preserve the motion of the disc space and is an alternative to fusion techniques that restrict motion. The motion preservation market is anticipated to witness tremendous growth and will post a CAGR of close to 16% over the forecast period. Effective stability facilitation in artificial spine implants is driving the augmented adoption of surface-modified titanium, which is one of the major factors propelling this market’s growth prospects. Titanium is increasingly used as an alternative metal over stainless steel to manufacture cervical spinal implants. Moreover, titanium implants are durable, lightweight, and have minimum interference during computed tomography (CT) and magnetic resonance imaging (MRI) after implantation as compared to stainless steel. Also, these implants have a have porous structure on the inner surfaces, promoting the integration of bone for enhanced fusion and retroserrate toothing on the caudal and cranial surfaces of the implant that provides effective primary stability.
One of the recent trends spurring the growth of this market is the development of new artificial discs that require minimal invasive surgeries. The market is expected to witness the launch of several novel pipeline products in the coming years. The positive results in Phase I and Phase II trials have assisted vendors to visualize high growth potential of these products compared to cervical fusion techniques, for instance, the Phase III pipeline products such as PRESTIGE LP devices, developed by Medtronic are under clinical trial for the treatment of two-level cervical disc herniation in patients.
The global motion preservation market is highly competitive owing to the presence of large, well-established vendors. The market is likely to witness significant changes because of new product launches and other activities of the major industry participants. Although the leading vendors hold the majority of the market shares, factors such as innovation, greater product development, and the choice are bound to change the competitive landscape of the market. Moreover, several small companies are introducing unique and new products to address the various needs of the motion preservation market.
Key vendors in this market are -
Other prominent vendors in the market include AxioMed, Globus Medical, joimax, Orthofix, Spinal Kinetics, and Vertebral Technologies.
According to market research analysts, the cervical artificial disc segment led the global motion preservation market and will continue to dominate the market in the coming years. The artificial cervical disc is a device inserted between two cervical vertebrae in patients with cervical disc herniation through disc replacement surgery. Disc replacement surgery helps preserve the motion of the disc space and is a great alternative to fusion techniques such as plates and bone grafts that restrict motion. The growth of this segment is attributed to the increasing incidences of cervical herniation among the aged population and a preference for minimally invasive procedures for treatments. Furthermore, the introduction of multi-level cervical artificial discs will contribute to this segment’s growth in the coming years.
In terms of geography, the Americas was the highest revenue contributing region in the market and will lead in the market until the end of 2020. The increase in the number of spinal non-fusion procedures, fast and easier acceptance of technologically updated cervical and lumbar spinal implants and growing investment by vendors in clinical trials will drive this market’s growth in the region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
Market overview
PART 06: Market segmentation by products
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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