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Slip Disc Market to Expand at a CAGR of 5.4% till 2023 | The Market Covers Major Vendors as Captiva Spine, DePuy Synthes Companies, GlaxoSmithKline plc, etc

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Slip Disc Market to Expand at a CAGR of 5.4% till 2023 | The Market Covers Major Vendors as Captiva Spine, DePuy Synthes Companies, GlaxoSmithKline plc, etc

August 29
11:39 2019
Slip Disc Market to Expand at a CAGR of 5.4% till 2023 | The Market Covers Major Vendors as Captiva Spine, DePuy Synthes Companies, GlaxoSmithKline plc, etc

Slip Disc Market
The Recent Study Conducted by Market Research Future (MRFR), the Global Slip Disc Market Will Capture An Impressive Growth Rate During The Review Period (2019-2023).

A herniated disc is a condition that occurs when a soft cushion of tissue between the bones in spine pushes out and is painful when it presses on nerves. Patients with slipped disc have permanent and often devastating neurologic deficits and disability. Growing prevalence of obese population is one of the major factors driving the growth of the global slip disc market. As per National Center for Biotechnology Information (NCBI), nearly 66% of the population with spinal cord injuries are overweight or obese. Obesity signifies a growing public health challenge, with an estimated prevalence of 34.9% of U.S. adults, or 78.6 million people.

The Global Market for Slip Disc is expected to grow at a CAGR of approximately 5.4% during the forecast period 2017-2023. This is due to growing cases of spinal injuries. The market is forecasted to demonstrate a steady growth by 2023, surpassing its previous growth records in terms of value with a constant CAGR during the anticipated period (2018 – 2023).

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Regional analysis of Slip Disc Market:

Considering the global scenario of the market, the Americas hold the largest share in the global slip disc market. In the American market North America is one of the leading markets which is expected to reach 4,542.8 million in 2023. Some other factors such as increasing cases of spinal injuries plays an important role in market growth. Latin America market is also growing significantly, lumbar herniated disc market is expected to hold the largest market share in this market.

Due Increasing funding for research and new product development, European region is also expected to grow significantly during the forecast period. Europe is the second largest market and holding around 31.0% market share in global slip disc market. Availability of advanced diagnostic and treatment facilities, skilled medical professionals, high healthcare expenditure and adoption of new therapies are driving the growth for this market.

The prevalence of slip disc in Asia Pacific region is key factor for the market growth. Rising awareness about the slip disc and related cure is playing important role in the growth of the market. Growing number of patients suffering from back pain either severe or mild is leading the market growth. China is holding the largest share in this market. Asia Pacific slip disc market is expected to grow at a CAGR of 6.0% during the forecast period of 2017-2023.

Middle East & Africa is expected to have the least growth in this market due to some major factors such as lack of awareness about the slip disc, limited access and availability of diagnostic and treatment facilities, low income etc. Middle East holds 70.9% market share in the Middle East & Africa slip disc market.

Top Players:

Captiva Spine

DePuy Synthes Companies

GlaxoSmithKline plc

Globus Medical

NuVasive

Pfizer

And TEVA Pharmaceutical LTD, etc.

Segments:           

Global Slip Disc market has been segmented on the basis of type which comprises of thoracic herniated discs, lumbar herniated disc, and cervical herniated discs.

On the basis of diagnosis, it is segmented into physical examination, nerve conduction test, and imaging tests.

On the basis of treatment, this market is segmented into medications, therapy, and surgery.

Regional Analysis

The global Slip Disc market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas dominate this market, particularly North America due to increasing cases of people suffering from slip disc in the region. Availability of advanced medical facilities, and rapid adoption of new therapies are driving the market growth. Growing awareness in Latin American population regarding this disorder is major driving force.

Rising prevalence of slip disc is driving the growth for European market. As per the National Center for Biotechnology Information, the prevalence is higher among people aged 30-50 years and male to female ratio is about 2:1. The prevalence rate in Finland and Italy is about 1-3%. Some other factors such as availability of skilled medical professionals and top class medical facilities are spurring the market growth.

Access Full Report at https://www.marketresearchfuture.com/reports/slip-disc-market-4129

Rapidly developing healthcare infrastructure, adoption of new medical practices, advanced medical devices, rising healthcare expenditure, growing awareness and government support makes Asia Pacific the fastest growing region in global slip disc market.

The Middle East & Africa region is expected to slower than the global average due to lack of awareness about slip disc and limited access to healthcare facilities.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
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Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/slip-disc-market-4129

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