Degenerative Disc Disease Therapeutics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Therapy (Autologous Hematopoietic Stem Cells, Autologous Disc Chondrocytes, Autologous Mesenchymal Stem Cells, Autologous Bone Marrow Aspirate/Bone Marrow Concentrated Cells, Gene Therapy, Others), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, Retail Pharmacies) and By Region  

Degenerative Disc Disease Therapeutics Market size was valued at US$ 1,844.7 million in 2022 and is anticipated to grow at a CAGR of 9.6 % over 2023-2029. Degenerative disc disease (DDD) is a common age-related condition that affects the intervertebral discs in the spine, causing them to degenerate, lose flexibility, and potentially lead to pain and functional limitations. While it is often considered a natural part of the aging process, therapeutic approaches are used to alleviate pain and discomfort, improve spinal function, and enhance the patient's overall quality of life. The rising incidence of spinal disorders plays a pivotal role in driving the revenues of the degenerative disc disease therapeutics market. As the prevalence of spinal disorders, including DDD, continues to increase globally, there is a growing demand for effective therapeutic solutions to alleviate pain and improve the quality of life for affected individuals. Factors such as sedentary lifestyles, physical trauma, and the aging population contribute to the higher incidence of spinal issues. Consequently, more individuals seek diagnosis and treatment for DDD-related symptoms, leading to increased market demand for therapeutic interventions, including medications, physical therapy, minimally invasive procedures, and surgical options.

Moreover, increased sedentary lifestyles are a significant driver behind the growth of the degenerative disc disease (DDD) therapeutics market. Modern lifestyles characterized by prolonged periods of sitting, whether due to desk jobs, extended screen time, or reduced physical activity, contribute significantly to the development and exacerbation of DDD. As more individuals lead sedentary lives, they become more susceptible to spinal issues, including disc degeneration. This trend fuels the demand for DDD therapeutics as affected individuals seek relief from pain and discomfort. However, stringent regulations, lack of adequate awareness about the disease, and high cost of treatment are hindering the degenerative disc disease therapeutics market growth. Meanwhile, the rise in the geriatric population, technological developments, and growing healthcare expenditure worldwide are anticipated to contribute to the growth of the market. Key market players are doing research and developing innovative treatment options to satisfy the demand from the medical industry. For instance, in January 2023, DiscGenics, Inc. received FDA approval for Injectable Disc Cell Therapy (IDCT), which is an allogeneic discogenic progenitor cell therapy that can be injected to treat symptomatic lumbar degenerative disc disease (DDD).

Degenerative Disc Disease Therapeutics Market Key Developments:      

• In January 2023, Companion Spine acquired Backbone SAS, to expand its portfolio of medical implant solutions with the inclusion of Backbone's main medical device, the LISA implant (a Lumbar Implant for Stiffness Augmentation).
• In May 2022, Spinal Simplicity acquired Intralink-Spine and its novel injectable spinal disc stabilization product to strengthen its business.