Global Artificial Disc Market is Expected to Reach US$ 4,012.3 Mn by 2025, Surge in R&D for the Development of Newer Products
Analyst Speak:

“The Global Artificial Disc Market is expected to reach US$ 4,012.3 Mn by 2025 owing to growth in R&D for the development of newer products”

The global artificial disc market is expected to reach US$ 4,012.3 Mn by 2025. The factors which are surging the growth of the global artificial disc market are increasing prevalence of osteoporosis in geriatric population and increased number of accidents. Moreover, technological advancements in healthcare sector, collaborations between companies, and frequent FDA approval for newer products is surging the growth of the global artificial disc market. Furthermore, rise in occurrence of degenerative diseases, increasing demand for the minimally invasive surgeries, increase in research and development activities for the launch of newer products expected to bolster the market in the forecast period. On the flip side, expensive devices, high cost of the surgical procedures and unfavorable reimbursement policies in underdeveloped countries are restrict the growth of global artificial disc market.

Global artificial disc market is segmented on the product type, material type, end user, and region.


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Lumbar Discs Dominate the Global Artificial Disc Market

Based on the product type, global artificial disc market is segmented into lumbar disc and cervical disc. Lumbar discs dominated the global artificial disc market due to the increasing prevalence of herniations occurring in the lower back. Symptoms can be felt in the lower back, buttocks, thigh, anal/genital region (via the perineal nerve), and may radiate into the foot and/or toe. The lumbar (lower back) section of the spine bears most of the weight of the body.

North America Leads the Global Artificial Disc Market

PBI’s global artificial disc market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global artificial disc market through 2014-2018 and expected to dominate over 2019-2025 owing to increase in their technological developments in the disc replacement surgeries, favorable reimbursement policies, disposable income and increase in healthcare expenditure in the region. Europe artificial disc market accounted for a significant share in global artificial disc market due to its increase in geriatric population, development in healthcare infrastructure, and increase in disposable income in countries such as U.K, Germany etc. Asia Pacific artificial disc market expected to grow significantly rate due to their rise in geriatric population majorly in India and China. Emerging economies, increase in the prevalence of degenerative diseases, development of healthcare infrastructure, and technological advancements are the factors burgeon the artificial disc market in APAC region.
Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global Artificial Disc market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
For instance, in September 2016, Medtronic, Zimmer Biomet enters into 2-level cervical disc and robotic surgery markets.
Additionally, the FDA granted the clearance of “M6-C” cervical disc, originally developed by Spinal Kinetics and acquired by Orthofix. This next-generation disc technology was designed to restore physiologic motion of the spine.
Furthermore, Centinel Spine acquired assets of the “Prodisc” total disc replacement portfolio from DePuy Synthes in late 2017. The products include cervical and lumbar total disc replacement technology.

Key player’s profiles in the report are Medtronic (U.S.), Globus Medical Inc. (U.S.), Orthofix, Johnson and Johnson Services Inc.,(DePuy Synthes) (U.S.), NuVasive Inc. (U.S.), Zimmer-Biomet (U.S.), Stryker Corporation (U.S.), Aesculap Implant System, LLC (U.S.), Alphatec Spine Inc. (U.S.), Smith & Nephew (U.K.), Orthovita Inc. (U.S.), Synthes Holding AG (U.S.), LDS Spine (U.S.), and Spinal Kinetics Inc. (U.S.).

Precision Business Insights (PBI) in its report titled “Global Anti-Obesity Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Product Type
• Cervical disc
• Lumbar disc

By Material Type
• Metal on metal
• Metal on the biopolymer

By End User
• Hospitals
• Orthopedic Clinics
• Ambulatory surgical centers

Geography

o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA



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