Global Discography Market Overview
Discography Market Size was valued at USD 1.6 Billion in 2022. The Discography market industry is projected to grow from USD 1.7 Billion in 2023 to USD 3.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.35% during the forecast period (2023 - 2032).Growing patient population, advancements in medical services foundation, rising incidence of degenerative plate infection in the elderly population, and government support for research and development, favourable reimbursement practises, enabling regulatory standards, and more foreign investment in nations like China and India, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Avenacy: In October 2023, this pharma company launched Fosaprepitant for Injection and Fulvestrant Injection in early 2024. Fosaprepitant is used with chemotherapy to keep away nausea and vomiting, while Fulvestrant is used for treating advanced breast cancer. This year, Avenacy has plans to launch more than twenty other products.
June 11th, 2024, the Board of Directors of Atos, a major digital services market player, announced that they have chosen to execute financial restructuring plan suggested by Onepoint consortium. The choice was made after weighing two offers, and it is aimed at improving the firm’s financial structure and liquidity.
DHL Global Forwarding issued a market update on June 5th, 2024, indicating that there has been a huge rise in demand, causing container and capacity shortages. This shortage will remain till October even though nominal capacity has risen due to new deliveries, thereby making it one of the peak seasons.
Discography Market Trends
- Rising incidence of degenerative plate infection in the elderly population is driving the market growth
A specialized treatment called discography is used to identify and assess abnormalities affecting the spine's intervertebral discs. Imaging methods including X-rays or computed tomography (CT) scans are used after injecting contrast dye into the disc space. This process aids in locating disc problems and recommending the best course of action.
The demand for less intrusive procedures is one of the major developments in the discography market. Minimally invasive procedures have become more common as patients and medical professionals look for alternatives to invasive surgical procedures. In comparison to open procedures, discography offers a less invasive method that leads to less pain for patients, shorter hospital stays, and quicker recovery times. These benefits have helped discography techniques become more widely used, which is fueling the market's growth. Furthermore, the discography market has been significantly shaped by technology improvements.
The accuracy and effectiveness of discography operations have improved with the development of cutting-edge imaging modalities and tools. For instance, the combination of discography with CT scans has produced images of the intervertebral discs that are sharper and more detailed, facilitating correct diagnosis. The development of digital imaging and image-guided techniques has also improved the accuracy and security of discography testing, further boosting the market's expansion.
The rising incidence of spinal diseases and the ensuing increase in demand for diagnostic procedures is another noteworthy trend. There has been an increase in patients needing discography as a result of factors like sedentary lifestyles, ageing populations, and the prevalence of illnesses like degenerative disc disease. Since early and correct diagnoses are now more important, discography and other interventional diagnostic imaging studies are in high demand. industry participants are concentrating on strategic alliances and collaborations in order to expand their position in the discography industry, in addition to technical developments and rising prevalence.
To broaden their geographic reach and improve their product ranges, businesses are engaging into relationships with healthcare facilities, imaging facilities, and research organisations. Through these partnerships, organisations are able to offer creative solutions and achieve a competitive advantage by facilitating the sharing of knowledge, resources, and market information.
The market for discography has also been impacted by the growing use of value-based healthcare models and the transition to outpatient settings. Healthcare providers are looking for diagnostic options that provide accurate results and reduce the need for hospitalisation as they place a greater emphasis on cost-effectiveness and patient-centered treatment. As a result of discography's minimally invasive design and outpatient viability, it is increasingly being used in healthcare settings. Nevertheless, despite the promising market developments, the discography market still has its share of difficulties.
The development of discography procedures could be threatened by the accessibility of other diagnostic methods like magnetic resonance imaging (MRI) and ultrasound. These non-invasive imaging techniques are appealing to both patients and medical professionals because they allow for thorough visualisation of the intervertebral discs without the need for intrusive treatments. To keep it relevant in the changing diagnostic landscape, manufacturers and medical professionals must highlight its special advantages and targeted applications.
As a result, there are a number of trends and changes in the discography market that are being driven by variables such as the expanding demand for less invasive procedures, technical breakthroughs, the rising prevalence of spinal illnesses, strategic partnerships, and the move towards value-based healthcare. Discography continues to offer invaluable insights for the diagnosis and management of intervertebral disc-related disorders, despite obstacles in the form of competition from alternative diagnostic procedures. Thus, driving the Discography market revenue.
Discography Market Segment Insights
Discography Type Insights
The Discography market segmentation, based on type includes Lumbar discography, Cervical discography, Thoracic discography, Laminectomy, Others. Lumbar discography category is expected to dominate the market and held share of 39.65%. Higher prevalence of lumbar spine disorders, the diagnostic significance, and the support from clinical guidelines contribute to the greater market share of lumbar discography compared to other types.
Discography Component Insights
The Discography market segmentation, based on Component, includes Contrast agent, Imaging, others. The imaging segment category generated the most income (56.4%). Imaging components are essential for visualizing the injected contrast agent and obtaining diagnostic images during discography procedures.
Discography Application Insights
The Discography market segmentation, based on Application, includes Herniated Discs, Scoliosis, Burst Fracture, Others. The burst fractures segment category generated the most income (41.63%). Burst fractures often result from high-energy trauma, such as motor vehicle accidents, falls from significant heights, or sports-related injuries. The occurrence of such traumatic events can contribute to the demand for spinal decompression procedures in the treatment of burst fractures.
Discography Indication Insights
The Discography market segmentation, based on Indication, includes Spinal Decompression, Lumbar Surgery, Laminectomy, Others. The spinal decompression category generated the most income (35.35%). Spinal conditions such as herniated discs, bulging discs, sciatica, and spinal stenosis are becoming increasingly common.
Discography End User Insights
The Discography market segmentation, based on end user, includes Hospitals, Retail pharmacies, Academic institutes, others. The hospitals segment category generated the most income (56.4%). Hospitals act as all-encompassing healthcare centres that offer a variety of medicinal, surgical, and diagnostic treatments. For specific medical requirements, such as interventional diagnostic imaging tests like discography, they have specialised departments and infrastructure.
Figure 1: Discography Market, by Distribution channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Discography Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Discography Market dominated this market in 2022 (45.80%). Due to increased federal funding on discography, a boom in regional players, an effective healthcare system, and a growing elderly population, the U.S. is predicted to dominate the worldwide discography business. Further, the U.S. Discography market held the largest market share, and the Canada Armor Materials market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: DISCOGRAPHY MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Discography market accounts for the second-largest market share. Due to an expanding chronic sickness epidemic and an effective medical infrastructure, Europe is predicted to have rapid market expansion. Further, the German Discography market held the largest market share, and the UK Discography market was the fastest growing market in the European region
The Asia-Pacific Discography Market is expected to grow at the fastest CAGR from 2023 to 2032. Large market gains are being seen in Asia-Pacific as a result of the expansion of the healthcare sector in developing nations like China and India. Moreover, China’s Discography market held the largest market share, and the Indian Discography market was the fastest growing market in the Asia-Pacific region.
Discography Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Discography market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Discography industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Discography industry to benefit clients and increase the market sector. In recent years, the Discography industry has offered some of the most significant advantages to medicine. Major players in the Discography market, including Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.), Merit Medical Systems, Inc. (U.S.), Medtronic (U.S.), GFS Chemicals, Inc. (U.S.), Avalon Advanced Materials (Canada), GE Healthcare (U.S.), Koninklijke Philips N.V. (the Netherlands), Canon Inc. (Japan), Carestream Health. (U.S.), are attempting to increase market demand by investing in research and development operations.
Pharmaceuticals, medical equipment, and consumer goods are all developed, produced, and sold by Johnson & Johnson (J&J). Pharmaceuticals for immune, cancer, neurological, cardiovascular, and metabolic diseases are offered by the business, along with consumer products in the categories of oral care, baby care, beauty, over-the-counter (OTC) medications, women's health, and wound care. Additionally, the business offers medical devices for use in the fields of cardiovascular, orthopaedic, neurovascular, general surgery, and vision care. In addition to providing consumer goods through retail stores and distributors, J&J also distributes pharmaceutical and medical products to retailers, wholesalers, medical professionals, and hospitals. Apart from the US, the corporation sells its goods throughout the US, Europe, Asia-Pacific, Africa, and the Western Hemisphere. The US city of New Brunswick, New Jersey, is home to J&J's headquarters.
A medical technology firm called Medtronic Plc (Medtronic), originally known as Medtronic Inc., creates, develops, produces, and sells a variety of medical products. It provides products for the treatment of conditions such heart valve issues, heart failure, aortic, peripheral vascular, venous renal, and neurological problems, as well as spine and musculoskeletal issues, ear, nose, and throat conditions. Additionally, it offers biologic solutions for the dental and orthopaedic markets. In Asia Pacific, Europe, the Americas, the Middle East, and Africa, it provides its products to hospitals, third-party healthcare providers, clinics, institutions, including governmental health care programmes, distributors, and group purchasing organisations. The headquarters of Medtronic are in Dublin, Ireland.
Key Companies in the Discography market include
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Stryker (U.S.)
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Johnson & Johnson Services, Inc. (U.S.)
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Merit Medical Systems, Inc. (U.S.)
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Medtronic (U.S.)
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GFS Chemicals, Inc. (U.S.)
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Avalon Advanced Materials (Canada)
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GE Healthcare (U.S.)
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Koninklijke Philips N.V. (the Netherlands)
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Canon Inc. (Japan)
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Carestream Health. (U.S.)
Discography Industry Developments
In 2020:A French business called Medicrea that specialised in patient-specific implants and AI-driven surgical planning for spinal surgery was purchased by Medtronic. Even though it has nothing to do with discography, this acquisition shows Medtronic's dedication to improving spinal procedures and individualised care.
Discography Market Segmentation
By Type
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Lumbar discography
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Cervical discography
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Thoracic discography
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Laminectomy
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Others
By Component
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Contrast agent
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Imaging
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Others
By Application
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Herniated Discs
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Scoliosis
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Burst Fracture
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Others
By Indication
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Spinal Decompression
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Lumbar Surgery
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Laminectomy
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Others
By End User
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Hospitals
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Retail pharmacies
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Academic institutes
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others
By Discography Regional Outlook
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 1.6 Billion |
| Market Size 2023 |
USD 1.7 Billion |
| Market Size 2032 |
USD 3.3 Billion |
| Compound Annual Growth Rate (CAGR) |
8.35% (2023-2032) |
| Base Year |
2022 |
| Market Forecast Period |
2023-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, component, Application, Indication, end user and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.), Merit Medical Systems, Inc. (U.S.), Medtronic (U.S.), GFS Chemicals, Inc. (U.S.), Avalon Advanced Materials (Canada), GE Healthcare (U.S.), Koninklijke Philips N.V. (the Netherlands), Canon Inc. (Japan), Carestream Health. (U.S.) |
| Key Market Opportunities |
Advancements in medical services foundation |
| Key Market Dynamics |
Growing patient populationrising incidence of degenerative plate infection in the elderly populationgovernment support for research and development |
Frequently Asked Questions (FAQ) :
The Discography market size was valued at USD 1.6 Billion in 2022.
The market is projected to grow at a CAGR of 8.35% during the forecast period, 2023-2032.
North America had the largest share in the market
The key players in the market are Stryker (U.S.), Johnson & Johnson Services, Inc. (U.S.), Merit Medical Systems, Inc. (U.S.), Medtronic (U.S.), GFS Chemicals, Inc. (U.S.), Avalon Advanced Materials (Canada), GE Healthcare (U.S.), Koninklijke Philips N.V. (the Netherlands), Canon Inc. (Japan), Carestream Health. (U.S.).
The Lumbar discography category dominated the market in 2022.
The Imaging segment had the largest share in the market.
