Global Slip Disc Market Size, Share & Trends Analysis Report By Type (Thoracic Herniated Discs, Lumbar Herniated Disc, Others), Diagnosis (Physical Examination, Nerve Conduction Test, Others), Medications (Therapy, Surgery), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031
Global Slip Disc Market Industry was valued at US$ 8345 Million in 2022 and is projected to reach US$ 13,592 Million by 2031, growing at a CAGR of 5.4% during the forecast period (2023-2031) according to a new report by IMIR Market Research.
Back pain from a slipped disc is brought on by a soft tissue cushion pushing out from between the bones of your spine. In addition, there are three main forms of slipped discs, including lumbar, thoracic, and cervical herniated discs, for which there are three different types of treatments available to relieve the symptoms of the patients, including therapy, surgery, drugs, and others. Numerous symptoms, including leg discomfort, numbness, and weakness, are becoming more common in cases of slipped discs. Per 1000 adults, there are 5 to 20 instances annually.
Rising The slip disc market is being driven by a number of important factors, including the introduction and quick uptake of technologically advanced diagnostic medical devices, rising government support, rising quick uptake of new therapies, rising healthcare costs, rising spinal injury cases, and rising funding for research and new product development. Additionally, growing R&D in the healthcare industry, growing emerging markets, and growing technological improvements and modernization in the healthcare industry will all contribute to the creation of new opportunities for the slip disc market throughout the anticipated period. The slip disc market is being driven by a number of key factors, including the increasing introduction and rapid adoption of technologically advanced diagnostic medical devices, rising government support, rising adoption of new therapies, rising healthcare costs, rising spinal injury cases, and rising funding for research and new product development. Additionally, growing R&D activities, technical developments, and modernization in the healthcare industry, as well as growing emerging markets, will all contribute to the creation of new opportunities for the slip disc market throughout the projected period.
The Slip Disc market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Slip Disc market.
The global prevalence of slip disc and related spinal disorders has been on the rise. Sedentary lifestyles, improper posture, and age-related degenerative changes contribute to the increasing incidence of slip discs. This growing patient population creates a higher demand for slip disc treatments and related medical devices.
The incidence of a herniated disc is about 5 to 20 cases per 1000 adults each year, with a male to female ratio of 2:1; it is most common in people in their third to fifth decades of life. The estimated prevalence of a symptomatic herniated disc of the lumbar spine is about 1-3 percent of patients, with the prevalence being most significant in patients between the ages of 30 and 50. Patients between the ages of 25 and 55 have a roughly 95 percent chance of herniated.
The world's population is aging, leading to a higher proportion of elderly individuals susceptible to slip disc and other degenerative spine conditions. As the aging population continues to grow, the demand for slip disc treatments is likely to increase, fostering market growth.
Low back pain (LBP) is one of the major disabling health conditions among older adults aged 60 years or older. While most causes of LBP among older adults are non-specific and self-limiting, seniors are prone to develop certain LBP pathologies and/or chronic LBP given their age-related physical and psychosocial changes. Unfortunately, no review has previously summarized/discussed various factors that may affect the effective LBP management among older adults. Accordingly, the objectives of the current narrative review were to comprehensively summarize common causes and risk factors (modifiable and non-modifiable) of developing severe/chronic LBP in older adults, to highlight specific issues in assessing and treating seniors with LBP, and to discuss future research directions. Existing evidence suggests that prevalence rates of severe and chronic LBP increase with older age.
While slip discs can cause severe pain and discomfort, there are various non-surgical treatments and alternative therapies available for managing this condition. Some of these alternatives include physical therapy, pain medications, chiropractic care, acupuncture, and lifestyle modifications. These alternative treatments may be appealing to patients who wish to avoid surgery due to its potential risks and costs. Additionally, advancements in these alternative therapies may offer promising results, making them more appealing to some patients as a first-line treatment or in conjunction with surgery. As a result, the slip disc market may face challenges in terms of market penetration and growth, as patients may opt for alternative treatments before considering surgical options. This restraint can impact the demand for slip disc surgical procedures and related medical devices used in these surgeries.
Continued advancements in medical technology, such as imaging modalities, surgical instruments, and minimally invasive techniques, provide opportunities for improving the diagnosis and treatment of slip disc conditions. Companies can invest in research and development to create innovative medical devices and surgical approaches that offer better outcomes and reduced recovery times.
In up to 30% of patients undergoing lumbar disc surgery for herniated or protruded discs outcomes are judged unfavourable. Over the last decades this problem has stimulated the development of a number of minimally-invasive operative procedures. The aim is to relieve pressure from compromised nerve roots by mechanically removing, dissolving or evaporating disc material while leaving bony structures and surrounding tissues as intact as possible. In Germany, there is hardly any utilisation data for these new procedures – data files from the statutory health insurances demonstrate that about 5% of all lumbar disc surgeries are performed using minimally-invasive techniques. Their real proportion is thought to be much higher because many procedures are offered by private hospitals and surgeries and are paid by private health insurers or patients themselves. So far no comprehensive assessment comparing efficacy, safety, effectiveness and cost-effectiveness of minimally-invasive lumbar disc surgery to standard procedures.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Slip Disc Market. On the basis of historic growth analysis and current scenario of Slip Disc market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Slip Disc market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Slip Disc market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Slip Disc market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
The Slip Disc Market is bifurcated into Thoracic Herniated Discs, Lumbar Herniated Disc, Others.
Lumbar Herniated Disc: Lumbar herniated discs are the most common type and occur in the lower back, specifically in the lumbar region of the spine. The lumbar spine is particularly susceptible to disc herniation due to the significant weight-bearing and movement it supports. Lumbar herniated discs can cause lower back pain, sciatica (radiating leg pain), and numbness or weakness in the legs.
Thoracic Herniated Discs: Thoracic herniated discs are less common than lumbar herniated discs and occur in the middle portion of the spine, known as the thoracic region. Herniation in this area is less frequent because the thoracic spine is more stable and has less flexibility compared to the lumbar and cervical regions. Thoracic herniated discs can cause pain in the chest or abdomen and, in severe cases, may affect the function of the organs and muscles around the affected area.
Cervical Herniated Disc: Cervical herniated discs occur in the neck region of the spine, known as the cervical spine. These herniations can cause neck pain, radiating pain, tingling, or weakness in the arms and hands. Cervical herniated discs are also relatively common and can lead to significant discomfort and neurological symptoms if they compress nearby nerve roots.
The Slip Disc Market is split into Physical Examination, Nerve Conduction Test, Others.
Physical Examination: Physical examination is often the initial step in diagnosing slip disc. Healthcare professionals, such as orthopedic doctors or neurologists, perform a thorough physical examination to assess the patient's symptoms, range of motion, muscle strength, and reflexes. They may also look for specific signs, such as muscle weakness or changes in sensation, that could indicate nerve compression due to a herniated disc.
Nerve Conduction Test (Nerve Conduction Study - NCS) and Electromyography (EMG): NCS and EMG are electrophysiological tests used to assess nerve function and identify nerve compression or damage caused by a herniated disc. NCS measures the speed and strength of electrical signals along the nerves, while EMG records the electrical activity of muscles, helping to determine if there is nerve involvement and which nerves are affected.
Myelogram: A myelogram involves injecting a contrast dye into the spinal canal, followed by a CT scan or X-ray. This procedure can help visualize the spinal cord and nerve roots, particularly if MRI is not feasible or doesn't provide sufficient information.
Discography: Discography is a diagnostic procedure in which a contrast dye is injected into the intervertebral disc to determine if it is the source of a patient's back pain. This test is used selectively and usually before considering surgical intervention.
Blood Tests: While blood tests do not directly diagnose a herniated disc, they can be helpful in ruling out other conditions that may mimic similar symptoms, such as infections or inflammatory disorders.
The Slip Disc Market is split into Therapy, Surgery.
Non-Surgical Treatments: a. Medications: Non-steroidal anti-inflammatory drugs (NSAIDs), muscle relaxants, and pain relievers are commonly prescribed to manage pain and inflammation associated with slip disc. These medications aim to provide symptomatic relief and improve the patient's quality of life. b. Physical Therapy: Physical therapy involves exercises, stretches, and manual techniques to strengthen the core muscles, improve posture, and alleviate pressure on the affected discs. Physical therapy can help reduce pain, increase flexibility, and enhance overall spinal health.
Surgical Treatment: If non-surgical treatments fail to provide adequate relief or if the patient's condition worsens, surgical intervention may be considered. Surgical options for slip disc include: a. Microdiscectomy: A minimally invasive surgical procedure to remove the herniated portion of the disc that is compressing the nerve. It aims to relieve nerve pressure and reduce pain while preserving the majority of the disc. b. Discectomy: A more extensive surgical procedure to remove the entire herniated disc, which may be necessary in certain cases where the disc is severely damaged and cannot be salvaged.
The report also helps in understanding Global Slip Disc Market dynamics, structure by analyzing the market segments, and project the Global Slip Disc Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Slip Disc Market make the report investor’s guide.
Study Period | 2020-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 5.4% from 2023 to 2031 |
Segmentation | By Type, By Diagnosis, By Medications, By region. |
Unit | USD Million |
By Type |
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By Diagnosis |
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By Medications |
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By region |
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North America dominates the slip disc market due to increasing cases of spinal injuries, also increasing government support and rising rapid adoption of new therapies in this region.
The North American regions inclusive of the USA, and Canada, is expected to emerge as the market leader with a valuation of USD 4,542.8 million by the end of the global forecast period. The population of this region is witnessing a surge in spinal injury issues, which is leading the market growth. The Latin American market is witnessing a good growth graph. The lumbar herniated disc market precisely is expected to be the leading market sub-segment in Latin America.
Europe is the second largest region in terms of growth in slip disc market due to rising availability of advanced diagnostic and treatment facilities, skilled medical professionals and high healthcare expenditure and adoption of new therapies in this region.
The European nations are expected to emerge as the second largest in the market size. The research and development are expected to present the best result in the global market with a holding of 31%. The market has the presence of skilled professionals, advanced treatment facilities, and much more.
Asia-Pacific is the expected region in terms of growth in slip disc market due to increasing awareness about the slip disc and rising number of patients suffering from back pain in this region.
The Asian Pacific market is expected to register a 6% CAGR growth by the end of the global forecast in 2023, owing to the rising awareness related to the slip disc issues. China is the largest player in the Asian Pacific market. However, there is a major scope of improvement in the Middle East and African countries. The market needs to work on the creation of awareness amongst the population of the slip disc issues, and also, increase their accessibility and availability concerning the treatment facilities. Also, some low-income families cannot afford the diagnosis and treatment related to slip-disc issues.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Frequently Asked Questions
The global Slip Disc Market was valued at USD 8345 million in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2031, reaching a value of USD 13,592 million by 2031.
North America was one of the regions that held a significant share in the global Slip Disc Market. The United States and Canada, in particular, were major contributors to the market due to factors such as a large patient population, well-established healthcare infrastructure, high healthcare expenditure, and advancements in medical technology.
The driving factors for the Slip Disc Market include the increasing incidence of slip disc conditions, technological advancements in medical devices and treatments, and the rising global healthcare expenditure.
The leading segment in the global Slip Disc Market is "Lumbar Herniated Disc" by type, "Physical Examination" by diagnosis, and "Therapy" by medications.
The top five major players in the Slip Disc Market were Medtronic plc, Johnson & Johnson, Stryker Corporation, Zimmer Biomet Holdings, Inc., and NuVasive, Inc.
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