Press release
Artificial Disc Replacement Market Overview 2018 to 2023 | New Product Launches by the Players | Analysis by Global Industry Revenue | Boosting the Growth of Artificial disc replacement market to CAGR Of 15%
Market Research Future Published a Half-Cooked Research Report on Global Artificial Disc Replacement Market. Global artificial disc replacement market research report, by type cervical discs replacement, lumber disc replacement and other, by material metal and biopolymer - forecast till 2023Global Artificial Disc Replacement Market - Scenario:
Artificial disc replacement is known as total disc replacement involving replacement of damaged intervertebral disc in spinal cord. This treatment is used for the treatment of severe and chronic back pain.
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Increasing aging population and adoption of minimum surgical treatment and increasing government support for research has boosted market growth. High cost of the treatment and devices may hamper the market growth.
Global artificial disc market was USD 922 million in 2016 which is expected to grow till USD 2.5 billion by end of 2023 at a CAGR of 15% during forecasted period.
Global Artificial Disc Replacement Market - Highlights
Artificial disc replacement is the method used to treat back pain. It is also known as total disc replacement in which there is a replacement of degenerated intervertebral disc in spine column. This treatment is used to treat chronic and severe back pain and cervical pain.
The major driving factors for global artificial disc replacement market are growing prevalence of degenerative spine condition because of increasing aging population across the globe, preference for minimal surgical procedure and many advantages over traditional spine fusion procedure. High cost of devices and lack of uniform reimbursement are major restraining factors for the market growth.
Global artificial disc market is expected to grow at a CAGR of 15% during forecasted period.
Global Artificial Disc Replacement Market - Key players
Alphatec Spine Inc. (US), Medtronic Inc. (UK), De Puy Spine (US), Stryker Corporation (US), Smith & Nephew Plc (UK), Orthovita Inc. (US), Globus Medical (US), Zimmer Spine Inc (US), Aesculap Implant Systems (US), NuVasive (US), Zimmer-Biomet (US) and many more
Global Artificial Disc Replacement Market - Study Objectives
To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global artificial disc replacement market
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific, and Middle East and Africa.
To provide the trends and opportunities in global artificial disc replacement market.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global artificial disc replacement market.
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Global Artificial Disc Replacement Market - Regional Analysis
On regional basis, global artificial disc replacement market is segmented into North America, Europe, Asia-Pacific, and Middle East and Africa. North America account the largest artificial disc replacement market followed by Europe. Trained surgeons, presence of advanced facilities for disc replacement surgeries, growing prevalence of degenerative disc diseases because of increasing aging population. Asia-Pacific is the fastest growing region for the artificial disc replacement market. A huge population base and rapidly developing economies like India and China plays an important role in development of Asia-Pacific region. Middle East and Africa has the least market for artificial disc replacement market.
MAJOR TABLE OF CONTENTS:
1 INTRODUCTION
1.1 DEFINITION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.2.2.1 ASSUMPTIONS
1.2.2.2 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCE
3 MARKET DYNAMICS
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 THREAT OF SUBSTITUTES
Major TOC Continued…!
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