Artificial Disc Market is estimated to surpass $ 934 Million marks in 2018 and reach USD XX Million by 2026, at a Compound Annual Growth Rate (CAGR) of XX % during the forecast period 2018-2026 globally.Artificial Disc Market By MaterialA rising incidence of degenerative diseases and increasing preference for minimally invasive surgical procedures should drive Artificial Disc Market size. Low re-operation rate associated with artificial discs coupled with better clinical trials results compared to fusion techniques should also boost industry growth. Product innovation and technological innovation, along with increasing research activities for multi-level artificial disc should propel market growth. High device cost, stringent regulatory guidelines and lack of uniform reimbursement policies for disc replacement, should restraint artificial disc industry growth.
Growing healthcare expenditure, supportive reimbursements, and increasing disposable income are projected to drive the Artificial Disc Market in the U.S. High success rate of artificial disc replacements are also spurring market growth. In addition, the prevalence of degenerative disc disease and demand for non-invasive procedures are likely to augment the market. The growth in the industry is expected to be majorly led by product and technological innovations, increasing incidence of degenerative disc diseases, rising propensity for minimal incision surgeries, better clinical trial results with cervical total disc replacement (C-TDR) compared to anterior cervical discectomy and fusion (ACDF), long-term cost benefits of disc replacement over spinal fusion procedures, surging geriatric population, and rising healthcare expenditure.Cervical discs held over 65% of Artificial Disc Market share in 2017. Growing number of surgeries and the availability of a number of products should lead the industry expansion. The rising per capita income is likely to increase the affordability of patients for expensive surgical procedures, including artificial disc replacement surgeries. According to the World Bank, the GDP per capita of India increased from $1,345.8 in 2010 to $1,709.4 in 2016. A similar trend has been observed for other developing countries, such as Papua New Guinea, the Philippines, and Indonesia, which is contributing to the growth of the Asia-Pacific Cervical disc market.
North America Artificial Disc Market accounted for the highest revenue in 2017 and is projected to grow at a significant rate during the forecast period. U.S. Artificial Disc Market was the highest Artificial Disc Market share in North America. Higher disposable income along with increasing healthcare expenditure should spur business growth. Presence of advanced facilities for disc replacement surgeries, trained surgeons, and favorable reimbursement policies will also contribute to regional growth.
Maximize Market Research has comprehensively analyzed the Artificial Disc Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Artificial Disc Market into various segments such as Type, Applications, and Regions providing a thorough understanding of the Artificial Disc Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Artificial Disc Market.
The objective of the report is to present comprehensive North America Artificial Disc Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding North America Artificial Disc Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the North America Artificial Disc Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the North America Artificial Disc Market North America for Asia Pacific make the report investor’s guide
The scope of the Report:
Artificial Disc Market By Type:
Cervical Artificial Disc
Lumbar Artificial Disc
Artificial Disc Market By Material:
Metal on Metal
Metal on Biopolymer
Artificial Disc Market By Geography:
North America
Europe
Asia Pacific
Middle East &
Africa and Latin America
Artificial Disc Market Key Players:
AxioMed LLC
Simplify Medical Inc.
K2M Inc.
Spinal Kinetics Inc.
Globus Medical Inc.
Johnson & Johnson
B. Braun Melsungen AG
Zimmer Biomet Holdings Inc.
Medtronic PLC.
Nuvasive Inc.
Stryker Corporation
Aesculap Implant System, LLC
Alphatec Spine Inc.
Smith & Nephew
Orthovita Inc.
Synthes Holding AG
LDS Spine
De Puy Spine
Audubon
Joimax GmbH
Orthofix Inc.
Success Stories: Key Industry Players:
Spinal Kinetics Inc.
Globus Medical Inc.
Johnson & Johnson
B. Braun Melsungen AG
Zimmer Biomet Holdings Inc.
Medtronic PLC.
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