Artificial
Disc Market Size and Growth Rate:
The Global Artificial disc market
Size was expected to Reach at USD 4.8 billion by 2025 with a CAGR of 6.5 %
during the forecast period 2018-2025.
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Artificial
Disc Market Overview:
It is estimated that the market for artificial discs in the year
2025 will amount to about USD 4.8 billion. This is due to the development of
technologically advanced treatment options, the increase in the spread of
degenerative disc disease, and a greater propensity for minimally invasive
medical procedures. On the other hand, an improvement in the results of
clinical trials for the artificial disc is created to increase the demand
between surgeons and patients.
The biopolymers metal segment occupied most of the world market by
2015 due to increased acceptance among healthcare professionals and improvement
in biocompatibility. The metal-metal segment is expected to have a high growth
rate, mainly due to the low cost compared to metal in the artificial disc of
biopolymers.
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Artificial
Disc Market Drivers and Restraints:
Growth in the industry is believed to be driven primarily by
productive and technological innovations that increase the incidence of
degenerative disc disease, increase in the incidence of minimal incision
surgery, improved clinical trial results with complete replacement of cervical
cancer (C-TDR) compared to previous cervical and fusion dysctectomy (ACDF),
long-term cost advantage of intervertebral disc replacement in spinal fusion
procedures, increased geriatric population and increased health expenditure.
The key growth opportunities for the players in this market lie in
developing countries such as India and China, where degenerative disc disease
is becoming increasingly common, with the rapid aging of the population, the
improvement of welfare infrastructure and the increase in disposable income.
In addition, the growing demand for efficient products in
developing countries is contributing to the growth of the segment.
On the other hand, the unfavourable reimbursement policy and the
high cost of the equipment hinder the growth of the market.
Artificial
Disc Market Geographical Segmentation:
In 2016, North America dominated the world market, followed by
Europe and Asia-Pacific. This large share is attributable to the developed
health infrastructure, support reimbursement policy, success rate of clinical
trials on artificial media, the prevalence of degenerative media and the
preference for non-invasive procedures.
The Asia-Pacific region is poised to grow at the highest CAGR over
the forecast horizon, due to rapid population growth, increased revenues and
improved health infrastructure. China is expected to grow at double-digit
average annual growth rates (CAGR) from 2017 to 2025, due to the large number
of patients, the growth in medical tourism and the advanced health
infrastructure. The Japanese market occupied an important part of the
AsiaPacific due to the high acceptance of advanced products.
Key
Players of the Artificial Disc Market:
The artificial disc market is dominated by major players such as
Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic, LDR Holding
Corporation, Aesculap Implant Systems, LLC, Globus Medical, Inc., DePuy Synthes
Spine, Inc., NuVasive, Inc., and others.
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