The global Slip Disc market is segmented on the basis of type which comprises of thoracic
herniated discs, lumbar herniated disc, and cervical herniated discs.
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. Increasing number of treatments and growing
awareness are also key drivers for the Slip Disc 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. According to the Agency for Healthcare Research and Quality
of the U.S. Department of Health & Human Services, 23% of low back pain affects patients
over 65 years of age.
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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).
Slip Disc Market 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.
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.
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Competitive landscape
Slip Disc market information, by types (thoracic herniated discs, lumbar herniated disc, and
others), by diagnosis (physical examination, nerve conduction test, and others), by
treatment (medications, therapy, and others) - global forecast till 2023.