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  • Published On : Jan 2023
  • Code : CMI1280
  • Industry : Medical Devices
  • Pages : 160
  • Formats :

Degenerative disc disease is a spinal condition caused by the breakdown of intervertebral discs. The symptoms observed for degenerative disc disease are tingling or numbness in legs or difficulty walking. This disease is diagnosed with physical examination, through X-rays or magnetic resonance imaging (MRI). The degenerative disc disease is most commonly seen in geriatric population and have caused low back pain and neck pain in adults. The common cases of back pain among patients occurs at the lower side of the back.

The global degenerative disc disease treatment market is estimated to be valued at US$ 2,235.1 million in 2022 and is expected to exhibit a CAGR of 9.2% during the forecast period (2022-2030).

Figure 1. Global Degenerative Disc Disease Treatment Market Share (%), by Product Type, 2022

Degenerative Disc Disease Treatment  | Coherent Market Insights

Global Degenerative Disc Disease Treatment Market - Drivers

Increasing adoption of inorganic strategies such as product launch by key market players is expected to drive the global degenerative disc disease treatment market growth over the forecast period. For instance, in December 2020, NuVasive, Inc., a medical device company, announced that they launched C360 cervical spine portfolio. They had also announced commercial launch of new Anterior Cervical Plating system which is designed to minimize common postoperative complications such as dysphagia, malalignment and adjacent level ossification.

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Degenerative Disc Disease Treatment Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 2,235.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 9.2% 2030 Value Projection: US$ 4,525.9 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Drugs (Acetaminophen, NSAIDs, Oral steroids, Muscle Relaxants), Devices (Cervical Spine, Lumbar Spine, Thoracic Spine, Spinal Fusion)
  • By End User: Hospitals, Ambulatory Surgical Centers, Orthopedic Center
Companies covered:

Medtronic, Globus Medical, Johnson & Johnson Services, Inc., Zimmer Biomet, B. Braun SE, RTI Surgical, Cousin Biotech, ulrich medical USA, Fresenius Kabi AG, Abbott, Spine Wave, Inc., RIVANNA MEDICAL, ZAVATION, Orthofix US LLC., Spinal Simplicity, Nexus Spine, NuVasive, Inc., Aurora Spine, Inc., 4WEB Medical.

Growth Drivers:
  • Factors such as increasing adoption of inorganic strategies such as product launch by key market players
Restraints & Challenges:
  • Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration

Figure 2. Global Degenerative Disc Disease Treatment Market Value (US$ Million), by Region, 2022

Degenerative Disc Disease Treatment  | Coherent Market Insights

Global Degenerative Disc Disease Treatment Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regards to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global degenerative disc disease treatment market. For instance, in April 2020, according to the data published in National Center for Biotechnology Information, the COVID-19 pandemic affects the spinal care by delaying of surgical care in infected patients, reallocation of hospital resources (such as nursing staff and ICU beds) to the care of patients with the coronavirus as well as cancellation of elective surgeries and office visits in order to reduce the chances of disease spread. The combination of both of these has led to sudden and drastic changes in the daily routine of not only spine surgeons but also of other professionals involved in spine care, such as pain management and rehabilitation physicians, physical therapists and occupational therapists.

Global Degenerative Disc Disease Treatment Market: Key Developments

Increasing adoption of inorganic strategies such as product launch by key market players is expected to drive global degenerative disc disease treatment market. For instance, in October 2020, 4WEB Medical, an orthopedic implant device company, announced that they had launched spine implant portfolio, the stand-alone anterior lumbar spine truss system, an integrated interface for three fixation screws while maintaining the open architecture and fundamental benefits inherent to the truss design.

Global Degenerative Disc Disease Treatment Market: Restraint

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is expected to hinder the market growth over the forecast period. For instance, in January 2021, the U.S. Food and Drug Administration recalled cervalign anterior cervical plate system-cervalign, intended for anterior cervical fixation of degenerative disc disease, which was manufactured by RTI Surgical, a surgical implant company. The product was recalled because the locking mechanism had been observed to disassociate intraoperatively and postoperatively resulting in replacement.

Global Degenerative Disc Disease Treatment Market - Key Players

Major players operating in the global degenerative disc disease treatment market include Medtronic, Globus Medical, Johnson & Johnson Services, Inc., Zimmer Biomet, B. Braun SE, RTI Surgical, Cousin Biotech, ulrich medical USA, Fresenius Kabi AG, Abbott, Spine Wave, Inc., RIVANNA MEDICAL, ZAVATION, Orthofix US LLC., Spinal Simplicity, Nexus Spine, NuVasive, Inc., Aurora Spine, Inc., 4WEB Medical.

Degenerative disc disease is an age-related condition that happens when one or more of the discs between the vertebrae of the spinal column deteriorates or breaks down that leads to pain. The rubbery discs between the vertebrae normally allow for flexing and bending of the back, like shock absorbers. In time, they become worn, and they no longer offer as much protection as before. Degenerative disc diseases are very frequent and debilitating disorders, and research and development activities surrounding this disease are highly cost intensive. Hence, many fund raising companies and manufacturers are engaged in raising funds for their research regarding the treatment of degenerative disc diseases. Depending upon the level of pain, degenerative disc disease can be treated with two common processes which are non-surgical and spinal fusion. Non-surgical treatments include medications, physical therapy and chiropractic care. Whereas, spinal fusion is a procedure used to surgically treat degenerative disc disease. Disc degeneration have no symptoms but the pain is so intense that the individual cannot continue with their daily activities. The condition starts with damage to the spine, but in time, symptoms can affect other parts of the body. Symptoms usually get worse with age.

 Market Dynamics

Increasing number of inorganic strategies such as product launch by the key market players is expected to drive the global degenerative disc disease treatment market over the forecast period. For instance, in December 2021, Spine Wave, Inc., a medical device company, announced that they had launched Defender, anterior cervical plate and the stronghold C 3D titanium interbody device that provides fixation for anterior cervical fusion procedures. The Defender, Anterior Cervical Plate is a titanium anterior cervical fixation system for anterior cervical fusion.

Key features of the study:

  • This report provides an in-depth analysis of the global degenerative disc disease treatment market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global degenerative disc disease treatment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Medtronic, Globus Medical, Johnson & Johnson Services, Inc., Zimmer Biomet, B. Braun SE, RTI Surgical, Cousin Biotech, ulrich medical USA, Fresenius Kabi AG, Abbott, Spine Wave, Inc., RIVANNA MEDICAL, ZAVATION, Orthofix US LLC., Spinal Simplicity, Nexus Spine, NuVasive, Inc., Aurora Spine, Inc., 4WEB Medical.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global degenerative disc disease treatment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global degenerative disc disease treatment market

Detailed Segmentation:

  • Global Degenerative Disc Disease Treatment Market, By Product Type:
    • Drugs
      • Acetaminophen
      • NSAIDs
      • Oral steroids
      • Muscle Relaxants
    • Devices
      • Cervical Spine
      • Lumbar Spine
      • Thoracic Spine
      • Spinal Fusion
  • Global Degenerative Disc Disease Treatment Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Orthopedic Center
  • Global Degenerative Disc Disease Treatment Market, By Region:
    • North America
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medtronic*
      • Company Highlights
      • Products Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Globus Medical
    • Johnson & Johnson Services, Inc.
    • Zimmer Biomet
    • Braun SE
    • RTI Surgical
    • Cousin Biotech
    • ulrich medical USA
    • Fresenius Kabi AG
    • Abbott
    • Spine Wave, Inc.
    • RIVANNA MEDICAL
    • ZAVATION
    • Orthofix US LLC.
    • Spinal Simplicity
    • Nexus Spine
    • NuVasive, Inc.
    • Aurora Spine, Inc.
    • 4WEB Medical

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global degenerative disc disease treatment market size is estimated to be valued at US$ 2,235.1 million in 2022 and is expected to exhibit a CAGR of 9.2% between 2022 and 2030.
Factors such as increasing adoption of inorganic strategies such as product launch by key market players are expected to drive the market
Devices is the leading product type segment in the market
Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration are the major factors hampering the market
Major players operating in the market include Medtronic, Globus Medical, Johnson & Johnson Services, Inc., Zimmer Biomet, B. Braun SE, RTI Surgical, Cousin Biotech, ulrich medical USA, Fresenius Kabi AG, Abbott, Spine Wave, Inc., RIVANNA MEDICAL, ZAVATION, Orthofix US LLC., Spinal Simplicity, Nexus Spine, NuVasive, Inc., Aurora Spine, Inc., 4WEB Medical.

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