Global “Slip Disc Market” 2018 Scope | ~5.4% CAGR to Be Observed in the Slip Disc Market by the End of the Year | MRFR Unleashes Industry Insights Up To 2023

Market Research Future (MRFR)
This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Slip Disc Market over the forecast period. Global Slip Disc market is expected to grow at the CAGR of ~5.4% during the forecast period and is estimated to reach USD 11,011.3 million by 2023.

MarketResearchFuture.com adds “Slip Disc Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.

Market Highlights:

The global Slip Disc market is growing moderately and it is expected to grow at the same pace over the forecast period 2017-2018. Increasing number of patients suffering from slip disc is key factor for the market growth. According to the Agency for Healthcare Research and Quality of the U.S. Department of Health & Human Services, 23% of low back pain affect patients over 65 years of age. Increasing number of treatments and growing awareness are also key drivers for the market growth. Rising demand for advanced diagnostic medical devices and drugs, especially from emerging economies of Asia Pacific is another key factor for the market growth. Growing aging population is also one of the important drivers for the market growth. Approximately one-third of adults over the age of 20 show signs of slip disc.

Major Players in Slip Disc Market:

Some of the key market players: Some of the key players in this market are: Captiva Spine, Inc. (US), DePuy Synthes Companies (US), GlaxoSmithKline plc. (UK), Globus Medical, Inc. (US), NuVasive, Inc. (US), Pfizer Inc. (US), and TEVA Pharmaceutical LTD (Israel).

Global Slip Disc Market:

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Market Assessment:

The report for Global Slip Disc Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions

Key Findings:

  • Imaging tests is the second largest market by type which is projected to grow at the CAGR of 5.7% during the forecast period from 2017-2023.
  • Medications segment is expected to command the largest market share of around 46.2% in 2016.
  • China holds the largest market share in the Asia Pacific slip disc market and is expected to reach $ 587.0 million by 2023.

Regional analysis of global 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.

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Research Methodology:

 

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.

What makes our report unique?

1) An extensive research study on the Global Slip Disc market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Slip Disc market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

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