Slip Disc Market Report, Size, Share, Growth, Trends, Industry Outlook, Forecast to 2033

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The new report published by The Business Research Company, titled Slip Disc Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the slip disc market size has grown strongly in recent years. It will grow from $7.99 billion in 2023 to $8.53 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The slip disc market size is expected to see strong growth in the next few years. It will grow to $11.12 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.

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What Is Driving The Growth Of The Global Slip Disc Market?

Rising Spinal Cord Injuries Driving Growth In The Slip Disc Market
The increase in spinal cord injuries is expected to propel the growth of the slip disc market going forward. Spinal cord injuries refer to damage to the spinal cord that results in a loss of function, such as mobility or feeling, often leading to conditions like slipped disks. Spinal cord injuries are rising due to increased incidents of motor vehicle accidents, sports injuries, and falls. As more individuals suffer from spinal cord injuries, the demand for treatments and interventions for slipped disks rises. For instance, in March 2024, according to the National Center for Biotechnology Information, a US-based government agency, in the United States, 17,000 new spinal cord injury cases are reported each year, and an estimated 282,000 people live with spinal cord injuries. Furthermore, in May 2023, according to an article published by the National Center for Biotechnology Information, a US-based government agency, low back pain (LBP) impacted 619 million people worldwide in 2020, and it is projected that this number would rise to 843 million by 2050. Therefore, the increase in spinal cord injuries is driving the growth of the slip disc market.

What Is The Key Trend In The Global Slip Disc Market?

Innovative Slip Disc Products Enhancing Treatment Options
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 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, a US-based medical school, and the CMC VA Medical Center (CMCVAMC), a US-based Veterans Affairs hospital that provides medical care and services to veterans, developed a novel biologic patch, Tension-activated repair patches (TARPs), that could transform the treatment of herniated discs in the spine. These patches aims to provide a more efficient disc repair solution than current techniques by utilizing an individual's natural movements. The patches are designed to assist re-cushion the vertebrae by helping to restore the tension in the damaged discs in addition to filling in the holes left by herniations. This two-pronged approach seeks to stop more disc deterioration and relieve disc pain.

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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How Is The Competitive Landscape Of The Global 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.

Contents Of The Global Slip Disc Market
1. Executive Summary
2. Slip Disc Market Report Structure
3. Slip Disc Market Trends And Strategies
4. Slip Disc Market - Macro Economic Scenario
5. Slip Disc Market Size And Growth
…..
27. Slip Disc Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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