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Medtronic, DePuy Synthes Companies, NuVasive Company Profiles in Artificial Disc Market| Key Players: Zimmer Biomet, Stryker, Globus Medical, Orthofix, Paradigm Spine, LLC, SPINEART
Artificial Disc Market
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Medtronic
2.DePuy Synthes Companies
3.NuVasive
4.Zimmer Biomet
5.Stryker
6.Globus Medical
7.Orthofix
8.Paradigm Spine, LLC
9.SPINEART
10.Simplify Medical, Inc.
11.K2M Design, Inc.
12.AxioMed, LLC
13.BKK B. Braun Melsungen AG
Technological advancement in artificial discs will serve to be another positive impact rendering factor that will surge the artificial disc business growth. Industry players are focusing on developing novel technologies and improvising the existing products. For instance, in 2013, Mobi-C, a two-level artificial disc, was launched by Zimmer Biomet in the U.S. Availability of such multi-level artificial discs for patients having issues at two consecutive spinal discs will fuel the demand for such advanced products. Furthermore, increasing investment in R&D to develop innovative products will upsurge the artificial disc market growth. However, stringent regulatory framework for approval of artificial discs may hamper the artificial disc market growth. High cost of implants coupled with lack of reimbursement for disc replacement may further impede the artificial disc market growth.
Metal-on-biopolymer segment dominated the artificial disc market in 2017, with USD 1 billion revenue and is projected to witness lucrative growth during the analysis timeframe. Metal-on-biopolymer artificial discs have better biocompatibility and offer ease of insertion as compared to the metal-on-metal discs. Increasing demand for less invasive procedures for disease treatment as well as growing adoption of artificial discs over fusion surgeries will upsurge the segmental growth during the forthcoming years.
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Cervical artificial disc segment is estimated to witness 22.3% CAGR over the forecast period. The segment growth is highly attributable to the benefits offered by cervical disc replacement procedures in various musculoskeletal disorders such as decompression of axial neck or arm pain. Increasing demand for motion-preserving surgeries over motion creating procedures such as spinal fusion will accelerate the market growth. Growing prevalence of cervical disc diseases among adults due to adoption of sedentary lifestyle will further boost market growth in the coming years.
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