Artificial Disc Market Size, Share and Growth Analysis

Artificial Disc Market Analysis Size, Growth rate and Overview:

Artificial Disc Market was valued at USD xx billion in 2017 and is expected to reach almost USD 4.8 billion by the end of 2025, growing at a CAGR of around 6.5 % over the predicted period.

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 Key Drivers, Challenges, and Opportunities:

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.

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Artificial Disc Market – Regional Presence:

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.

Some of the Key Players Profiled in this Artificial Disc Market Report are:

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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