The Degenerative Disc Disease Treatment Market is Anticipated to Witness High Growth Owing to Rising Geriatric Population
Degenerative disc disease (DDD) refers to a condition where the intervertebral discs lose their fluid content and height, placing pressure on the vertebrae and nearby nerves. It mainly affects people aged 40 and above. Symptoms include chronic back pain, stiffness, shooting pains in the lower back and legs. Treatment options for DDD include pain relievers, physical therapy, steroid injections, and in severe cases, surgery such as spinal fusion or total disc replacement. Rising global geriatric population has driven the incidence of DDD over years. Older adults are at higher risk of chronic back problems due to age-related wear and tear of spinal discs.
The global Degenerative Disc Disease Treatment Market is estimated to be valued at US$ 2,235.1 million in 2024 and is expected to exhibit a CAGR of 9.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the degenerative disc disease treatment are Medtronic, Johnson & Johnson, AbbVie, Pfizer, Eli Lilly, Fresenius, Boehringer Ingelheim, Abbott Laboratories, F. Hoffmann-La Roche, and Bayer. These players focus on new product launches and acquisitions to strengthen their market position.
In terms of opportunities, the increasing adoption of minimally invasive surgeries for DDD treatment presents lucrative prospects. Also, the rise of biologics and regenerative medicine approaches could transform the treatment landscape in the coming years.
Globally, the United States represents the largest Degenerative Disc Disease Treatment Market Demand currently. However, Asian countries such as China and India are expected to witness high growth due to the expanding patient pool and growing medical tourism in these regions.
Market Drivers
The rising geriatric population prone to spinal disorders is a key driver for the Degenerative Disc Disease Treatment Market. According to the UN, over 12% of the global population will be aged 65 years and above by 2030.
Market Restrain
High costs of surgical interventions for DDD can limit the adoption, especially in low and middle-income countries. Also, lack of awareness about the disease and treatment options in underdeveloped regions poses a challenge to market players.
Segment Analysis
The Degenerative Disc Disease Treatment Market can be segmented based on surgery type as spinal fusion, artificial disc replacement, decompression, fixation and motion preservation. Among these, spinal fusion surgery accounted for the largest share of the market in 2024. Spinal fusion is considered as the standard treatment procedure for degenerative disc disease as it helps stabilize the damaged vertebral segment and provides reliable pain relief. It usually involves fusing two or more vertebrae together to eliminate pain caused by pressure on spinal nerves.
Global Analysis
North America dominated the global Degenerative Disc Disease Treatment Market in 2024 and is expected to remain the highest revenue generating region during the forecast period. Presence of advanced healthcare facilities, rise in per capita healthcare expenditure, and increasing awareness about degenerative disc disease and its treatment options are some factors driving the market growth in North America. Asia Pacific is projected to witness the fastest growth rate over the next few years. This can be attributed to growth in medical tourism industry, large patient pool, rising disposable incomes, and increasing government focus on improving healthcare infrastructure in countries such as China and India.
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