Artificial Disc Market Worth $4.8 Billion By 2025 With Major Players: Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic, LDR Holding Corporation, Aesculap Implant Systems, LLC, Globus Medical, Inc., DePuy Synthes Spine, Inc., NuVasive, Inc.
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Industry Trend Analysis:
Artificial disc market is expected to be around $4.8 billion by 2025. This is attributed to the development of technologically advanced treatment options, rising prevalence of degenerative disc diseases, and increased inclination for minimally invasive medical interventions. Moreover, an improvement in clinical trial results for artificial disc is set to increase demand among surgeons and patients. On the other hand, unfavorable reimbursement policies and high cost of devices will hamper the market growth.
Major Key Players:
Artificial disc market is dominated by key 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. Product development and strategic acquisition are the strategies adopted by these players to increase their share and sustain their positions in the global market.
Regional Outlook and Trend Analysis:
North America dominated the global market in 2016, followed by Europe and Asia-Pacific. This large share is attributed to developed healthcare infrastructure, supportive reimbursement policies, high disposable income, high success rate of artificial disc clinical trials, rising prevalence of degenerative disc diseases, and preference for non-invasive procedures. The United States is the major contributor to the North American artificial disc market and is projected to continue its lead during the forecast period.
Asia-Pacific is poised to grow at the highest CAGR over the forecast period, due to rapidly increasing geriatric population, rising disposable income and improving healthcare infrastructure. China is expected to grow at double digit CAGR from 2017 to 2025, due to huge patient population, growth in medical tourism, and advanced healthcare infrastructure. Japan artificial disc market held major share of the Asia-Pacific market, due to high adoption of advanced products.
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The major expansion opportunities for the players in this market lie in the developing countries such as India and China, where there is increasing prevalence of degenerative disc diseases coupled with rapidly aging population, improving healthcare infrastructure, and rising disposable income.
Artificial Disc Market Segmentation:
By Product: Lumbar Disc and Cervical Disc
By Material: Metal on Biopolymer and Metal on Metal
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
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Material Outlook and Trend Analysis:
Metal on biopolymer segment occupied largest share of the overall market in 2015, due to increased acceptance among healthcare professionals and enhanced biocompatibility. Metal on metal segment is expected to witness high growth rate primarily due to low cost in comparison with metal on biopolymer artificial disc. Additionally, a growing need for cost efficient products in developing nations is further contributing to the segment growth.
Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
220.127.116.11. Technological Advancements to Develop Effective Treatment Options
18.104.22.168. Rising Prevalence of Degenerative Disc Diseases
22.214.171.124. Lower Re-operation Rate
126.96.36.199. Increased Preference for Minimally Invasive Medical Interventions
188.8.131.52. Lack of Uniform and Adequate Reimbursement
184.108.40.206. High Procedure Cost
220.127.116.11. Expensive Devices
18.104.22.168. Increase Awareness Among People
22.214.171.124. Improved Healthcare Infrastructure in Developing Nations
126.96.36.199. Rising Medical Tourism
3.4. Industry Trends
3.5. Reimbursement Scenario
Chapter 4. Artificial Disc Market, By Product
4.2. Artificial Disc Market Assessment and Forecast, By Product, 2016-2025
4.3. Cervical Disc
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Lumbar Disc
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Chapter 5. Artificial Disc Market, By Material
5.2. Artificial Disc Market Assessment and Forecast, By Material, 2016-2025
5.3. Metal on Metal
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4. Metal on Biopolymer
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
…Read Full Table of Contents
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