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What is the Predicted Annual Growth Rate of the Slip Disc Market Over the Coming Decade?

Recent years have seen a robust growth in the slip disc market size. The market is predicted to grow from $8.53 billion in 2024 to $9.14 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.1%. This growth in the historical period can be associated with growing elderly population, increasing awareness about the importance of spinal health, increasing prevalence of sedentary lifestyles and poor posture, advancements and popularity of minimally invasive surgical procedures, and the expansion of health insurance coverage.

The market for slip disc is projected to experience robust growth in the forthcoming years, reaching $11.85 billion by 2029 at a compound annual growth rate (CAGR) of 6.7%. This substantial growth within the forecasted period is due to factors such as the enhancement of healthcare facilities, continuous research and developmental activities, increased accessibility and efficiency of physiotherapy and rehabilitation services, an escalating emphasis on chronic pain management, and a rising inclination towards non-surgical and minimally invasive treatment options. Key trends expected to be seen during the forecast period encompass advancements in imaging technology, breakthroughs in medical appliances and surgical methods, adoption of robotic-assisted spine operations, artificial disc replacements, and the introduction of telemedicine and digital health solutions.

How Are the key drivers Contributing to the Expansion of the Slip Disc Market?

The upward trajectory in cases of spinal cord injury is projected to fuel the expansion of the slip disc market. The term ‘spinal cord injury’ relates to any damage to the spinal cord, resulting in a loss of function such as sensation or movement, frequently leading to ailments like slipped disc. An increase in spinal cord injuries can be attributed to a rise in motor vehicle incidents, sports-related injuries, and falls. As more people succumb to such injuries, the need for slipped disc treatments and interventions grows. To illustrate, data from the National Center for Biotechnology Information, a US government agency, showed that in March 2024, new spinal cord injury reports in the US amounted to 17,000 per year, with an estimated 282,000 individuals living with these injuries. Additionally, an article from the same agency, published in May 2023, stated that low back pain affected 619 million individuals globally in 2020, estimating that this figure would escalate to 843 million by 2050. Consequently, the rise in spinal cord injuries is fuelling the expansion of the slip disc market.

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What Are the Major Players Making an Impact in the Slip Disc Market’s Growth?

Major companies operating in the slip disc market are:

• Medacta International SA

• Hitachi Ltd.

• General Electric Company

• Pfizer Inc.

• GlaxoSmithKline plc

Which Upcoming Trends Are Set to Influence the Slip Disc Market’s Path Forward?

Leading firms in the slip disc market are concentrating on the development of groundbreaking products such as biologic patches, with the primary goal of improving treatment procedures and enhancing outcomes for patients. A regenerative tissue platform, or biologic patch, is designed to encourage healing and repair of damaged intervertebral discs using biological materials and growth inducing agents. As an example, in November 2023, scientists at the Perelman School of Medicine at the University of Pennsylvania and the CMC VA Medical Center, both located in the US, created an innovative biologic patch called Tension-activated repair patches (TARPs). This could revolutionize how herniated discs in the spine are treated. These patches intend to offer a more effective method of disc repair than currently available techniques, by employing the natural movements of a person. They are crafted to aid in re-padding the vertebrae through restoration of tension in the damaged discs while filling the gaps created by herniations at the same time. This dual modality aims to prevent further deterioration of the disc and alleviate disc-related discomfort.

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What Are the Key Components of the Slip Disc Market, and How Do Its Segments Perform?

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

What Regions Are Steering Growth in the Slip Disc Sector?

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.

What Are the Core Features That Define the Slip Disc Market?

A slip disc refers to a condition where an intervertebral disc in the spine bulges or herniates, causing it to press on nearby nerves. This displacement of the disc’s inner gel-like core through a weakened outer layer can lead to symptoms such as back pain, leg pain, numbness, or weakness in the affected areas.

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