Lumbar Degenerative Disc Disease Market Insights & Key Players...

Lumbar Degenerative Disc Disease Market Insights & Key Players 2024

Сообщение 2025-02-10 11:06:19

Lumbar Degenerative Disc Disease Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Global Lumbar Degenerative Disc Disease Market reached US$ 12.1 billion in 2022 and is expected to reach US$ 21.3 billion by 2030, growing with a CAGR of 7.4% during the forecast period 2023-2030.

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Lumbar Degenerative Disc Disease (DDD) is a condition where the intervertebral discs in the lower spine gradually deteriorate due to aging, wear and tear, or injury. This degeneration can lead to pain, stiffness, reduced mobility, and sometimes nerve compression, causing radiating pain or numbness in the legs. While it is a natural part of aging, severe cases may require treatments such as physical therapy, pain management, or surgery to relieve symptoms and restore function.

List of the Key Players in the Lumbar Degenerative Disc Disease Market:

Sorrento Therapeutics, SpineThera, Eliem Therapeutics, Scilex Holding, Sinfonia Biotherapeutics, Seikagaku Corporation, Kolon life Science, Vita Sciences, Aurobindo Pharma, and Neurotech

Industry Development:

In June 2022, a pilot study suggested that pentoxifylline (PTX), combined with standard care, may safely reduce short-term radicular pain in degenerative disc disorder patients.

In January 2023, DiscGenics received FDA Regenerative Medicine Advanced Therapy (RMAT) designation for Injectable Disc Cell Therapy (IDCT), an allogeneic progenitor cell treatment for lumbar degenerative disc disease.

In July 2023, Alpha Healthcare Acquisition Corp. III merged with Carmell Therapeutics, a Phase 2 regenerative medicine company developing allogeneic plasma-based biomaterials for orthopedic, soft tissue repair, and aesthetic applications.

Growth Forecast Projected:

The Global Lumbar Degenerative Disc Disease Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Lumbar Degenerative Disc Disease Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Lumbar Degenerative Disc Disease Market:

By Treatment Type: Drug Treatment, Biologics, Other
By Route of Administration: Oral, Injectables, Other
By End-User: Hospitals, Specialty Clinics, Academic Research Centers, Others

Regional Analysis for Lumbar Degenerative Disc Disease Market:

The regional analysis of the Lumbar Degenerative Disc Disease Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Lumbar Degenerative Disc Disease market?

➠ Who are the leading manufacturers in the global Lumbar Degenerative Disc Disease industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Lumbar Degenerative Disc Disease industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Lumbar Degenerative Disc Disease market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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