Global Slip Disc Market, By Type (Thoracic Herniated Discs, Lumbar Herniated Disc, Others), Diagnosis (Physical Examination, Nerve Conduction Test, Others), Medications (Therapy, Surgery), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Slip Disc Market
Slip disc market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 13,529.98 million and grow at a CAGR of 5.13% in the above-mentioned forecast period. Rising geriatric population drives the slip disc market.
Slipped disc are also known as ruptured discs or prolapsed and is occurred when a soft cushion of tissue between the bones in spine pushes out and is painful when it presses on nerves. The most common symptoms of slipped disc are pain, loss of motor control, among others. Slipped disc generally occurs due to weaker outer ring which allows inner portion to slip out. Weak muscles and lack of physical activity can also lead to slipped disc and also in overweight people; the risk of slipped disc is more because their disks must support the additional weight.
Rising Introduction and rapid adoption of technologically advanced diagnostic medical devices is the vital factor escalating the market growth, also increasing government support, rising rapid adoption of new therapies, increasing healthcare expenditure, increasing cases of spinal injuries and rising funding for research and new product development are the major factors among others driving the slip disc market. Moreover, rising technological advancements and modernization in the healthcare sector, rising research and development activities in the healthcare sector and rising emerging markets will further create new opportunities for slip disc market in the forecasted period of 2021-2028.
However, high cost of the treatment and lack of skilled medical professionals are the major factors among others which will obstruct the market growth, and will further challenge the growth of slip disc market in the forecast period mentioned above.
Slip disc market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on slip disc market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Slip Disc Market Scope and Market Size
Slip disc market is segmented on the basis of types, diagnosis and medications. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, slip disc market is segmented into thoracic herniated discs, lumbar herniated disc and others.
- Based on diagnosis, the slip disc market is segmented into physical examination, nerve conduction test and others.
- The slip disc market is also segmented on the basis of role of medications into therapy and surgery.
Slip Disc Market Country Level Analysis
Slip disc market is analysed and market size insights and trends are provided by country, types, diagnosis and medications as referenced above.
The countries covered in the slip disc market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the slip disc market due to increasing cases of spinal injuries, also increasing government support and rising rapid adoption of new therapies in this region. Europe is the second largest region in terms of growth in slip disc market due to rising availability of advanced diagnostic and treatment facilities, skilled medical professionals and high healthcare expenditure and adoption of new therapies in this region. Asia-Pacific is the expected region in terms of growth in slip disc market due to increasing awareness about the slip disc and rising number of patients suffering from back pain in this region.
The country section of the slip disc market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Slip disc market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for slip disc market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the slip disc market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Slip Disc Market Share Analysis
Slip disc market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to slip disc market.
The major players covered in the slip disc market report are Medical Devices Business Services, Inc, NuVasive, Inc, Captiva Spine, Inc, Globus Medical, Siemens Healthcare Private Limited, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V, Hitachi, Ltd, Teva Pharmaceutical Industries Ltd, Pfizer Inc., CANON MEDICAL SYSTEMS CORPORATION and GlaxoSmithKline plc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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