Slip Disc Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How has the slip disc market grown over the years?
In recent times, the market for slip discs has seen robust growth. By 2025, the market is forecasted to increase from $8.53 billion in 2024 to $9.14 billion, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the historic period include an escalating elderly population, heightened awareness regarding spinal wellbeing, an uptick in sedentary lifestyles and poor posture, the advancement and growing recognition of minimally invasive surgical procedures, and an expansion in health insurance coverage.
What Is the forecasted market size and growth rate for the slip disc market?
The slip disc market size is expected to see strong growth in the next few years. It will grow to $11.85 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to improved healthcare infrastructure, ongoing research and development efforts, growth in the availability and effectiveness of physical therapy and rehabilitation services, rising focus on managing chronic pain, and growing preference for non-surgical and less invasive treatment options. Major trends in the forecast period include advances in imaging technologies, innovations in medical devices and surgical techniques, adoption of robotic-assisted spine surgery, artificial disc replacement, and adoption of telemedicine and digital health solutions.
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What are the major factors driving growth in the slip disc market?
The surge in the number of spinal cord injuries is anticipated to boost the slip disc market’s expansion. Spinal cord injuries entail harm to the spinal cord, resulting in a loss of functionality, such as locomotion or sensation, frequently culminating in conditions like slipped disks. The instances of spinal cord injuries are escalating due to a rise in motor vehicle accidents, sports-related injuries, and falls. The growing prevalence of spinal cord injuries is leading to a heightened need for treatments and solutions for slipped disks. To illustrate, the National Center for Biotechnology Information, a government agency within the U.S., reported in March 2024 that roughly 17,000 new spinal cord injury cases are documented annually and approximately 282,000 individuals are living with spinal cord injuries in the United States. Furthermore, an article published by the same agency in May 2023 stated that low back pain (LBP) affected 619 million people globally in 2020, a number presumed to rise to 843 million by 2050. Hence, the growing occurrences of spinal cord injuries are fueling the slip disc market’s growth.
What key areas define the segmentation of the global slip disc Market?
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
Subsegments:
1) By Thoracic Herniated Discs: Central Herniation, Paracentral Herniation, Foraminal Herniation
2) By Lumbar Herniated Discs: L4-L5 Disc Herniation, L5-S1 Disc Herniation, L3-L4 Disc Herniation, Other Lumbar Disc Herniations
3) By Cervical Herniated Discs: C5-C6 Disc Herniation, C6-C7 Disc Herniation, C4-C5 Disc Herniation, Other Cervical Disc Herniations
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Who are the key players steering the development of 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.
What emerging trends are influencing the growth of the slip disc market?
Leading players in the slip disc market are concentrating on the creation of unique products like biologic patches to enhance treatment methods and better patient results. Biologic patches are tissue scaffolds that encourage healing and reconstruction of injured intervertebral discs via biological substances and growth catalysts. For example, in November 2023, a breakthrough biologic patch, Tension-activated repair patches (TARPs), was developed by a collaborative effort between the Perelman School of Medicine at the University of Pennsylvania and the CMC VA Medical Center (CMCVAMC). These bodies are a renowned medical institution and a veterans’ hospital providing healthcare services in the US, respectively. TARPs, designed to revolutionize spinal herniated disc treatment, aim to offer a more effective disc repair alternative over existing methods by employing a person’s natural movements. The patches are crafted to help re-cushion the vertebrae by aiding the restoration of the tension in the impaired discs as well as patching up the voids created by herniations. This dual-action solution has the potential to prevent further disc damage and alleviate disc discomfort.
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What regions are contributing significantly to the growth of the slip disc market?
North America was the largest region in the slipped disc market in 2023. The regions covered in the slip disc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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