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2018 - 2024 Artificial Spinal Disc Market | Size | Share
Artificial Disc Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

BriefingWire.com, 7/06/2018 - The artificial disc replacement market is expected to witness robust CAGR due to increase in the prevalence of osteoporosis and surge in global geriatric population. Rise in the incidence and prevalence of degenerative diseases and increase in the demand for minimally invasive surgeries, less re-operation rate, and better clinical trial results might fuel the global artificial disc market growth over the forecast period. Furthermore, new product innovation, technological development for new products, an increase in R&D activities for multi-level artificial disc might boost the artificial disc market over the forecast period. However, high procedure cost, stringent regulatory policies, expensive devices, and unfavourable reimbursement policies might hamper the growth of artificial disc market over the forecast period.

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The global artificial disc market is segmented on the basis of product type, material type, and end user

Based on product type, the artificial disc market has been segmented into following:

· Cervical disc

· Lumbar disc

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The global artificial disc market is in developing stage. Launch of new products, technological development, collaborations, acquisitions, and mergers are the key strategies followed by various medical device companies to increase revenue share in the global artificial disc market. For instance, in 2013, Zimmer Biotech acquired LDR holdings to launch Mobi-C in the U.S. cervical market. Similarly, in September 2012, Globus Medical, Inc. announced that the Food and Drug Administration (FDA) has granted premarket approval for the Secure-C cervical artificial disc.

Globally, the artificial disc market has been segmented into the following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share in the artificial disc market owing to increase in disposable income and healthcare expenditure, technological developments in the disc replacement surgeries, and favourable reimbursement policies might propel the market revenue growth.

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Some of the key players in the global artificial disc market are Medtronic (U.S.), Globus Medical Inc. (U.S.), 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.) to name a few.

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