Market Size – The degenerative disc disease treatment market size has grown strongly in recent years. It will grow from $25.33 billion in 2023 to $27.07 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to an aging population, a sedentary lifestyle, advances in medical technology, increased awareness, rising obesity rates, growing sports injuries, and healthcare access expansion.
The degenerative disc disease treatment market size is expected to see strong growth in the next few years. It will grow to $35.45 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rising healthcare expenditure, growing demand for minimally invasive procedures, enhanced patient education, expanding clinical research, and rising global incidence of spine disorders. Major trends in the forecast period include integration of AI and machine learning, the development of regenerative medicine, advancements in minimally invasive surgery, wearable technology, 3D printing for custom implants, telemedicine, and remote consultations, and a focus on personalized medicine.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/degenerative-disc-disease-treatment-global-market-report
Scope Of Degenerative Disc Disease Treatment MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Degenerative Disc Disease Treatment Market Overview
Market Drivers –The increasing incidence of sports injuries is expected to fuel the growth of the degenerative disc disease treatment market in the foreseeable future. Sports injuries refer to physical damage or trauma sustained by athletes or individuals involved in physical activities, often resulting from sudden impacts, overuse, or improper techniques. The rise in sports injuries can be attributed to several factors, including higher participation rates, more intense training regimens, and a greater focus on competitive performance. Degenerative disc disease treatment is employed to manage chronic spinal pain and restore functionality when disc degeneration affects athletes’ performance and mobility. For example, in June 2022, the National Safety Council, a US-based nonprofit public service organization, indicated that 3.2 million people were treated in emergency departments for injuries involving sports and recreational equipment. The number of injuries increased by 20% in 2021, rising to 409,224 injuries from 377,939 in 2020. Therefore, the rising incidence of sports injuries is a significant driver of growth in the degenerative disc disease treatment market.
Market Trends – Major companies operating in the degenerative disc disease treatment market are focusing on developing novel therapies, such as injectable disc cell therapy (IDCT), to improve patient outcomes by increasing disc volume, alleviating low back pain, and reducing dependence on pain medications. The regenerative treatment, injectable disc cell therapy (IDCT), targets symptomatic lumbar degenerative disc disease. For instance, in February 2023, DiscGenics Inc., a US-based biopharmaceutical company, received FDA regenerative medicine advanced therapy designation for its injectable disc cell therapy (IDCT), aimed at treating symptomatic lumbar degenerative disc disease. This innovative therapy uses a live progenitor cell population derived from donated adult human intervertebral disc tissue. IDCT has the potential to increase disc volume, alleviate low back pain, and reduce the need for pain medication in affected patients.
The degenerative disc disease treatment market covered in this report is segmented –
1) By Type: Conventional Drugs, Novel Therapies
2) By Route Of Administration: Oral, Injectable
3) By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Center
Get an inside scoop of the degenerative disc disease treatment market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=18784&type=smp
Regional Insights – North America was the largest region in the degenerative disc disease treatment market in 2023. The regions covered in the degenerative disc disease treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies in the market are Pfizer Inc., Johnson And Johnson, Sanofi S.A., AstraZeneca Plc, Novartis AG, GlaxoSmithKline PLC, Medtronic plc, Amgen Inc., Baxter International Inc., B. Braun SE, Zimmer Biomet Holdings Inc., Arthrex Inc., Ferring B.V., Biocon Limited, Integra LifeSciences Holdings Corporation, NuVasive Inc., Globus Medical Inc., Orthofix Medical Inc., RTI Surgical Holdings Inc., LifeNet Health
Table of Contents 1. Executive Summary2. Degenerative Disc Disease Treatment Market Report Structure3. Degenerative Disc Disease Treatment Market Trends And Strategies4. Degenerative Disc Disease Treatment Market – Macro Economic Scenario5. Degenerative Disc Disease Treatment Market Size And Growth…..27. Degenerative Disc Disease Treatment Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
