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[Report Ocean Press Release] We conducted a survey to understand the actual situation of the motion storage device market in 2022.
The North America region is the region with the highest market share for motion storage devices. The Asia-Pacific market is projected to grow faster due to the increasing prevalence of spinal cord
deformities and injuries.
Survey overview:
Survey period: August 16th to November 2nd, 2022
Research agency :
Survey contractor: Report Ocean Co., Ltd.
In-house survey
Survey target: The survey was conducted with 890 leaders from organizations of all sizes around the world.
Number of valid responses: (890 people)
Survey method: Telephone survey of 400 people, Internet survey of 490 people Survey Respondents: The survey was conducted across companies based on revenue. [Image 1
Survey results :
Q: What is the rate of surgery for:
By type of surgery, the market is segmented into open spine surgery and minimally invasive spine surgery. The open spine surgery segment was the largest contributor in 2021. Reduction in surgery and hospitalization costs are the factors driving the growth of this market.
Moreover, increasing adoption of novel and technologically advanced techniques like minimally invasive spine surgery will also drive the market growth in the coming years.
[Image 2
Q: Which product type has the highest share in the motion storage device market? By product type, the artificial disc segment dominates the global motion preservation device market due to the increasing geriatric population and increasing incidence of spinal diseases.
Increasing demand for motion preservation devices due to the trend toward minimally invasive surgery is a key factor driving the market. [Image 3
Q: What are the key factors driving the motion storage device market? The major factors driving the growth of the athletic protective equipment market are the rising geriatric population and favorable demographics across the globe. Additionally, advanced motion storage devices are more convenient to handle and have a higher level of sensitivity compared to traditional diagnostic testing techniques. Additionally, the preference for minimally invasive spine surgery over traditional open surge treatment procedures is fueling the growth of the motion preservation device market. Therefore, shortening the hospital stay has become an important factor in the transition to MIS minimally invasive surgery.
Moreover, the relatively low cost of minimally invasive surgery is another factor driving the growth of the spinal implant market. In addition, increasing geriatric population in the world and rising number of spinal diseases are projected to boost this segment. Increasing demand for motion preservation devices due to trend toward minimally invasive procedures is a key factor expected to drive the market.
Survey conclusions:
According to CXO, interviews conducted by companies operating in the global market for motion storage devices indicate that the adoption of motion storage devices will increase in the future due to advances in surgical techniques and the rising incidence of spinal cord injuries worldwide. is expected to.
The motion preservation device market is gaining interest from medical professionals due to the increasing use of these devices to treat spinal deformities.
Additionally, the emergence of better spine surgery treatment options is boosting the market growth. Many spine surgeons prefer minimally invasive surgical techniques for extensive motion-preserving spine surgery because there are fewer complications associated with the procedure, shorter hospital stays, and less blood loss.
However, unfavorable redemption scenarios and stringent regulatory approval procedures are expected to hamper the market growth. Additionally, patient perceptions of the benefits of motion-storage devices provide market opportunities for motion-storage devices. Read more: https://bit.ly/3HFsrzY
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Details about this release:
https://prtimes.jp/main/html/rd/p/000005949.000067400.html