Motion Preservation Devices Market (Product: Total Disc Replacement Devices, Posterior Dynamic Devices, Facet Replacement Devices, and Prosthetic Nucleus Replacement Devices)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Motion Preservation Devices market size was valued at USD 710 Million in 2021 and is predicted to hit USD 1.88 billion by 2030 with a registered CAGR of 10.18% during the forecast period 2022 to 2030.

Motion preservation is an effective alternative to spinal arthrodesis, theoretically preventing adjacent level degeneration. Motion preservation devices are used for spinal diseases or disorders. These devices are used to treat spine disorders, and help align and restore the regular spine motion. The function of a motion preservation device is to maintain normal or near regular motion in order to prevent the adverse effect of spinal infusion. An ideal motion preservation device is a minimally invasive device, which preserves or re-establishes normal motion of the spine. Spinal disorder, including spinal stenosis, is common among the geriatric population. Doctors recommend minimally invasive surgery to insert interspinous devices. Aging causes structural changes in the spine such as enlargement in the bone & joints and thickening of the band of tissue that supports the spine. Various posterior motion preservation devices are in different stages of development. 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 a simpler task than of the intervertebral disc. Technological advancements, rise in number of spine disorders, inclination toward minimally invasive procedures, and surge in adoption of spinal surgery procedures are the key factors anticipated to augment the global motion preservation devices market size in the next few years.

Report Scope of the Motion Preservation Devices Market

COVID-19 Impact on Global Motion Preservation Devices Market

The COVID-19 pandemic has had a negative effect on the global motion preservation devices market. Governments of affected countries postponed non-essential surgeries and patient visits during the breakout year of the COVID-19. Several ICU facilities, such as ventilators, personal protective equipment, and medical staff, were rerouted to COVID-19 cases, prompting the suspension of spinal surgeries during the pandemic. This led to a substantial decline in overall non-emergency surgeries and treatments, which restricted the usage of motion preservation devices in spinal disorders. Key players reported decline in revenue during the pandemic. However, the market has recovered from COVID-19 due to easing of restrictions by governments across the globe.

Rise in Number of Spine Disorders Driving Total Disc Replacement Devices Segment

In terms of product, the conventional total disc replacement devices segment accounted for leading share of the global market in 2021. Total disc replacement involves removal of all or most of the disc tissue and implantation of replacement device into the space between the vertebra. The device allows motion by smooth, usually curved, surfaces sliding across each other. The total disc replacement devices segment is anticipated to maintain its leading position in the global motion preservation devices market during the forecast period. Total disc replacement devices offer improved service delivery in patients with complicated spine injuries. Furthermore, increase in global geriatric population and rise in number of spine disorders are projected to propel the total disc replacement devices segment during the forecast period. Increase in demand for motion preservation devices, such as interspinous spacer devices, due to inclination toward minimally invasive procedures is anticipated to drive the segment during the forecast period.

Smaller Scars and Less Damage to Surrounding Muscles Propelling Minimally Invasive Spine Surgery Segment

Based on surgery, the minimally invasive spine surgery segment accounted for major share of the global market in 2021. The trend is projected to continue during the forecast period. The minimally invasive spine surgery segment is anticipated to grow at a considerable CAGR during the forecast period. This can be ascribed to various advantages of this procedure including smaller scars, less surgical blood loss, shorter hospital stay, and less damage to the surrounding muscles. Therefore, effectiveness of these procedures in treating spine injuries and faster recovery are expected to drive the segment in the near future.

Regional Outlook of Global Motion Preservation Devices Market

North America is projected to dominate the global motion preservation devices market in the next few years. The motion preservation devices market forecast in the region appears positive, due to the increase in government initiatives to spread awareness about spine disorders and other risks associated with the spine; rise in healthcare expenditure; surge in disposable income; and availability of technologically advanced devices.

The market in Asia Pacific is anticipated to grow at a rapid pace from 2022 to 2031. The motion preservation devices market trends in the region indicate a rise in prevalence of spine disorders in countries such as India and China, increase in geriatric population, surge in health care spending, and rise in government awareness programs. The market in Asia Pacific is also expected to be propelled by large population, unmet medical needs, and rise in patient awareness about spinal diseases. Economic growth in emerging economies such as India and China is enhancing the buying capabilities of consumers due to the increase in disposable income. This is likely to augment the market in these countries in the near future.

Key Developments in Global Motion Preservation Devices Market

• In August 2022, Extremity Medical, LLC, a global medical device company focused on the development of innovative implants and instruments for upper and lower extremities, announced that it had received a contract from Vizient, Inc. The contract included all Extremity Medical’s upper and lower extremity systems, including the innovative KinematX Total Wrist Arthroplasty system, and the OMNI Stable AF System.
• In July 2022, Centinel Spine, LLC, a leading global medical device company addressing cervical and lumbar spinal disease through anterior surgical access, announced the commercial launch of the FORTOS-C Anterior Cervical Plating System. With this launch, Centinel Spine expanded its cervical portfolio and strengthened its leadership position as one of the few companies to offer a comprehensive line of cervical fusion and motion preservation solutions.

Analysis of Key Players in Global Motion Preservation Devices Market

The motion preservation devices market report includes vital information about the leading players in the motion preservation devices market. Companies are focusing on strategies such as new product launches, divestiture, mergers & acquisitions, and partnerships to strengthen their position in the market

Some of the prominent players in the 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
• K2M

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Motion Preservation Devices market

• 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)

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Motion Preservation Devices industry analysis from 2022 to 2030 to identify the prevailing Motion Preservation Devices industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Motion Preservation Devices industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Motion Preservation Devices industry trends, key players, market segments, application areas, and market growth strategies.