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Degenerative Disc disease treatment Global market Report 2024 – By Type (Conventional Drugs, novel Therapies), By Route Of Administration (Oral, Injectable), By End User (Hospitals, Ambulatory Surgical Centers, Orthopedic Center) – Market Size, Trends, An
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LONDON, GREATER LONDON , UNITED KINGDOM, October 15, 2024 /EINPresswire / -- The degenerative disc disease treatment market has seen significant growth recently. It is expected to grow from $25.33 billion in 2023 to $27.07 billion in 2024, with a CAGR of 6.9%. Contributing factors include an aging population, sedentary lifestyles, advances in medical technology, rising obesity, growing sports injuries, and expanded access to healthcare.
What Is The Estimated Market Size Of The Global Degenerative Disc Disease Treatment Market And Its Annual Growth Rate?
The degenerative disc disease treatment market is expected to witness strong growth, with a projected size of $35.45 billion by 2028 at a CAGR of 7.0%. Factors contributing to this growth include rising healthcare expenditures, increased demand for minimally invasive procedures, enhanced patient education, expanding clinical research, and the growing global incidence of spine disorders. Notable trends in this period include the integration of AI and machine learning, development of regenerative medicine, advancements in minimally invasive surgical techniques, wearable technology, 3D printing for custom implants, telemedicine, and a focus on personalized medicine.
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Growth Driver Of The Degenerative Disc Disease Treatment Market
A rise in sports-related injuries is projected to boost the degenerative disc disease treatment market. Sports injuries are physical traumas sustained by athletes or individuals engaged in physical activities, often resulting from sudden impacts, overuse, or improper techniques. The increase in these injuries is generally linked to factors like higher participation rates, more intense training schedules, and a greater focus on competitive performance in the degenerative disc disease treatment market. Degenerative disc disease treatments are employed for managing chronic spinal pain and restoring function when disc degeneration affects athletes' performance and mobility.
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Which Market Players Are Steering The Degenerative Disc Disease Treatment Market Growth?
Key players in the degenerative disc disease treatment market include 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
What Are The Key Trends That Influence Degenerative Disc Disease Treatment Market Size?
Companies in the degenerative disc disease treatment market are focusing on innovative therapies such as injectable disc cell therapy (IDCT) to improve patient outcomes by increasing disc volume, relieving low back pain, and minimizing the need for pain medications. IDCT is a regenerative treatment specifically targeting symptomatic lumbar degenerative disc disease, offering a promising alternative for patients seeking lasting relief.
How Is The Global Degenerative Disc Disease Treatment Market 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
Geographical Insights: North America Leading The Degenerative Disc Disease Treatment Market
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.
Degenerative Disc Disease Treatment Market Definition
The degenerative disc disease treatment market encompasses various medical strategies aimed at alleviating symptoms and enhancing functionality in individuals suffering from this condition, characterized by the gradual loss of cushioning ability in spinal discs. Treatment options include physical therapy, pain management with medications, lifestyle adjustments, and, when necessary, surgical interventions such as discectomy or spinal fusion, which relieve pressure on nerves and stabilize the spine.
Degenerative Disc Disease Treatment Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global degenerative disc disease treatment market report covering trends, opportunities, strategies, and more
The Degenerative Disc Disease Treatment Global Market Report 2024l by The Business Research Company is the most comprehensive report that provides insights on degenerative disc disease treatment market size, degenerative disc disease treatment market drivers and trends and degenerative disc disease treatment market growth across geographies. The degenerative disc disease treatment market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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