The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The slip disc market size has shown strong growth recently, projected to grow from $7.99 billion in 2023 to $8.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this growth during the historical period include the increasing elderly population, heightened awareness of spinal health, a rise in sedentary lifestyles and poor posture, the development and popularity of minimally invasive surgical options, and the expansion of health insurance coverage. The slip disc market size is expected to continue its strong growth trajectory, reaching $11.12 billion in 2028 at a CAGR of 6.8%. The anticipated growth in the forecast period can be attributed to improvements in healthcare infrastructure, ongoing research and development, enhanced availability and effectiveness of physical therapy and rehabilitation services, a rising focus on managing chronic pain, and a growing preference for non-surgical and less invasive treatment options. Key trends for the forecast period include advancements in imaging technologies, innovations in medical devices and surgical techniques, the adoption of robotic-assisted spine surgery, artificial disc replacement, and the implementation of telemedicine and digital health solutions.

The increase in spinal cord injuries is expected to propel the growth of the slip disc market going forward. Spinal cord injuries are characterized by damage to the spinal cord that leads to a loss of function, such as mobility or sensation, often resulting in conditions like slipped discs. The rise in spinal cord injuries can be linked to a higher incidence of motor vehicle accidents, sports-related injuries, and falls. As more individuals experience spinal cord injuries, the demand for treatments and interventions for slipped discs increases. For example, in March 2024, according to the National Center for Biotechnology Information, a US-based government agency, approximately 17,000 new spinal cord injury cases are reported annually in the United States, with around 282,000 individuals currently living with spinal cord injuries. Furthermore, in May 2023, an article published by the National Center for Biotechnology Information noted that low back pain (LBP) affected 619 million people worldwide in 2020, with projections indicating this number could rise to 843 million by 2050. Consequently, the increase in spinal cord injuries is propelling the growth of the slip disc market.

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What Are The Key Trends That Influence Slip Disc Market Share Analysis?

Major companies in the slip disc market are focused on developing innovative products, such as biologic patches, to advance treatment options and improve patient outcomes. A biologic patch is a regenerative tissue scaffold designed to promote the healing and repair of damaged intervertebral discs using biological materials and growth factors. For instance, in November 2023, researchers at the Perelman School of Medicine at the University of Pennsylvania and the CMC VA Medical Center (CMCVAMC) developed a novel biologic patch called Tension-activated repair patches (TARPs) that could revolutionize the treatment of herniated discs in the spine. These patches aim to offer a more effective disc repair solution than current techniques by utilizing an individual’s natural movements, assisting in re-cushioning the vertebrae, restoring tension in the damaged discs, and filling in the gaps left by herniations. This dual approach seeks to halt further disc deterioration and alleviate disc pain.

Which Market Players Are Driving Growth In The Slip Disc Market?

Major companies operating in the slip disc market are Medacta International SA, Hitachi Ltd., General Electric Company, Pfizer Inc., GlaxoSmithKline plc, Medtronic plc, Siemens Healthcare Private Limited, Koninklijke Philips N.V, Stryker Corporation, Teva Pharmaceutical Industries Ltd., DePuy Synthes Companies, Zimmer Biomet Holdings Inc., Smith & Nephew plc, NuVasive Inc., Canon Medical Systems Corporation, Globus Medical Inc., Orthofix Medical Inc., Accuray Incorporated, Corin Group, Precision Spine Care, BioSpine Institute, Vertebral Technologies Inc., Captiva Spine Inc.

How Is The Global Slip Disc Market Segmented?

The slip disc market covered in this report is segmented –

1) By Type: Thoracic Herniated Discs, Lumbar Herniated Disc, Cervical Herniated Discs
2) By Diagnosis: Physical Examination, Nerve Conduction Test, Imaging Tests
3) By Medications: Therapy, Surgery
4) By Application: Hospital Use, Clinic Use, Household, Other Applications

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The Slip Disc Global Market Report 2024 provides an overview of the slip discmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The slip disc market forecast analyzes slip disc market size, slip disc market share, leading competitor and their market positions.

The Table Of Content For The Slip Disc Market Include

1. Slip Disc Market Executive Summary
2. Slip Disc Market Segments
3. Slip Disc Market Size And Template Market Growth Rate
4.  Key Slip Disc Market Trends
5. Major Slip Disc Market Drivers
……
25. Key Mergers And Acquisitions In The Slip Disc Market
26. Top Slip Disc Companies
27. Slip Disc Market Opportunities And Strategies
28. Slip Disc Market, Conclusions And Recommendations
29. Appendix

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