Slip disc market insights and analysis by types, by diagnosis, by treatment – forecast till 2030. The global slip disc market is expected to exhibit a strong 7.7% CAGR over the forecast period from 2022 to 2030, according to the latest research report from Market Research Future (MRFR). The research, which contains historical data regarding the slip disc industry and offers a comprehensive view into the slip disc market’s current situation, studies the slip disc market in all its complexity on a global scale. The research can now make predictions about the trajectory of growth for the worldwide slip disc market over the ensuing years. Using industry-standard analysis methodologies, the study profiles the key drivers influencing the global slip disc market.
A spinal disorder known as a slip disc occurs when the supple cushion between two adjacent vertebrae slides out of its socket and places pressure on the nerve that supplies the affected area. Back pain results from this, along with other potential consequences like loss of motor function. As the spinal cord is related to all limbs and affects their movements, slip disc can be a debilitating ailment for sufferers as it creates severe pain in the spinal region and restricts movement. Over the course of the projection period, the growing geriatric population will probably play a significant role in driving the slip disc market, as older patients are more prone than younger ones to experience slip discs. Geriatrics is the main target since normal ageing processes sometimes impact the muscles around the spine and make them weaker. The emergence of a slip disc is linked to weakening of the muscles in the surrounding area.
Over the course of the forecast period, the slip disc market is projected to be significantly influenced by the rising prevalence of sedentary lifestyles in the contemporary urban environment. A slip disc can result from muscular imbalances and weakness brought on by sedentary lifestyles. As the medical device sector is projected to invent advancements that provide higher levels of comfort and pain relief in the coming years, the global slip disc market is also likely to be distinguished by a considerable improvement in the drugs and equipment used to treat slide discs. Over the course of the forecast period, the slip disc market is projected to be significantly influenced by the government’s expanding funding for pain-relieving drugs and devices.
Competitive Analysis:
The slip disc market players include Teva Pharmaceutical Ltd., Pfizer Inc., NuVasive Inc., Globus Medical Inc., GSK plc, DePuy Synthes Companies, and Captiva Spine Inc. Leading players in the global slip disc market are likely to focus on product development and diversification in the coming years. Providing strong imaging solutions for diagnosing slip disc before the problem becomes serious is also likely to remain an important objective for players in the global slip disc market over the forecast period. Steady development of noninvasive diagnostic technologies is likely to be a key feature of the slip disc market over the forecast period.
Segmentation:
The global slip disc market trends is segmented on the basis of type, diagnosis, treatment, and region.
By type, the global slip disc market is segmented into thoracic herniated disc, lumbar herniated disc, and cervical herniated disc.
By diagnosis, the global slip disc market is segmented into physical examination, nerve conduction tests, and imaging tests. Physical examination is the dominant segment in the global slip disc market, followed by imaging. The imaging segment is set to exhibit steady growth at a CAGR of 7.7% over the forecast period from 2017 to 2023.
On the basis of treatment, the global slip disc market is segmented into medications, therapy, and surgery. The medication segment held the largest share of 46.2% in the global slip disc market in 2016 and is likely to remain the leading revenue generator in the coming years.
Regional Analysis:
North America and Europe are the dominant regions in the global slip disc market, due to the presence of advanced treatments and diagnostic facilities. Asia Pacific is likely to take on an increasingly important role in the global slip disc market over the forecast period due to the growing prevalence of slip disc and growing awareness among the consumers.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Contact Us:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
