At 21.9% CAGR, Artificial Disc Market will reach 4.5 billion USD by 2024
Market Study Report adds Global Artificial Disc market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Selbyville, Delaware – January 9, 2019 /MarketersMedia/ —
MarketStudyReport.com Adds New Artificial Disc Market 2018 – 2024 research report providing information and data By Material, By Type, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 92 Pages with table and figures in it.
North America artificial disc market dominated the overall market with around 52% market share in 2017 and is estimated to show similar trend during the forthcoming years. Prevalence of obesity related degenerative disease is high in the region owing to sedentary lifestyle, unhealthy dietary habits, and other environmental factors. Strong foothold of key industry players in the region leading to technological innovations will further foster the regional market growth.
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Asia Pacific artificial disc market is estimated to witness robust CAGR of 24.0% over the forecast timeframe owing to the large patient pool present in the region. Rapidly ageing population suffering from various musculoskeletal diseases will fuel the demand for artificial discs in the region. Moreover, developments in healthcare infrastructure coupled with increasing healthcare affordability will spur the artificial disc market.
Some of the prominent market players operating in artificial disc market include Some of the notable industry players operating in global artificial disc market include AxioMed, B. Braun Melsungen, DePuy Synthes, Globus Medical, K2M, Medtronic, NuVasive, Orthofix International, Paradigm Spine, Simplify Medical, Spineart SA, Stryker, Synergy Disc Replacement, and Zimmer Biomet Holdings. The companies majorly focus on innovative product launch as well as inorganic strategies including mergers, acquisitions and partnerships to strengthen their existing product portfolio and improve financial performance.
Increasing prevalence of degenerative disc diseases across the globe will drive the artificial disc market growth over the forecast period. Growing demand for minimally invasive procedures coupled with technological advancement in artificial discs will foster the industry growth. For instance, two-level Mobi-C disc, launched by Zimmer Biomet, is a two level artificial disc that offers better efficiency as compared to two level fusion procedure. Huge investment of industry players in the development of novel products will further spur the artificial disc market.
Metal-on-biopolymer segment accounted for more than USD 1 billion in 2017 and will witness significant growth during the forecast period. Metal-on-biopolymer discs offer high degree of rotation, flexible spine movement as well as easy insertion process. These discs facilitate both independent and coupled motions, similar to the natural cervical spine motion, leading to increased biocompatibility, thereby augmenting segment growth.
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Growing elderly patient population worldwide will serve to be another positive impact rendering factor in the market growth. Ageing population prone to various musculoskeletal diseases such as osteoarthritis will fuel the artificial disc market growth during the forthcoming years. Furthermore, development in artificial discs to offer superior functionality and efficiency as compared to spinal fusion procedures will increase the demand for such discs. However, high cost of artificial discs coupled with lack of reimbursement may restrain its adoption, especially in the developing and under-developed economies.
Cervical artificial disc segment held the largest market share in 2017 and is expected to show lucrative CAGR of 22.3% over the analysis period. Rising incidence of cervical degenerative disc diseases across the globe will serve to be the key factor driving the segment growth. Benefits offered by cervical artificial discs over fusion procedures such as significant decrease in neck pain as well as lower re-operation rates will further increase the adoption of cervical artificial discs.
Table of Content:
Chapter 1. Artificial Disc Market Methodology
Chapter 2. Artificial Disc Market Executive Summary
Chapter 3. Artificial Disc Industry Insights
Chapter 4. Artificial Disc Market, By Material
Chapter 5. Artificial Disc Market, By Type
Chapter 6. Artificial Disc Market, By Region
Chapter 7. Company Profiles
More Report At: https://bit.ly/2L9BpEA
Related Report:
United States Advanced Artificial Disc Market Report 2018
In this report, the United States Advanced Artificial Disc market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
Geographically, this report splits the United States market into seven regions: The West, Southwest, The Middle Atlantic, New England, The South, The Midwest. with sales (volume), revenue (value), market share and growth rate of Advanced Artificial Disc in these regions, from 2013 to 2025 (forecast).
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