openPR Logo
Press release

Artificial Disc Market : Eminent Players – AxioMed, B. Braun Melsungen, DePuy Synthes, Globus Medical, K2M, Medtronic, NuVasive, Orthofix International, Paradigm Spine, Simplify Medical, Spineart SA, Stryker, Synergy Disc Replacement

02-19-2019 02:17 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Artificial Discs Market Size - Industry Share Forecast Report 2018-2024

Artificial Discs Market Size - Industry Share Forecast Report 2018-2024

Artificial disc market to register a double-digit CAGR over 2018-2024, surging demand for cervical artificial discs to drive the overall industry growth.

Artificial disc market had recently been replete with the news of UnitedHealthcare announcing that its medical policy will presently cover Lumber Total Disc Replacement for single-level degenerative disc disease. The move has come as an aftermath of evidence being brought to the forefront that procedures like lumber total disc replacement are a beneficial option for patients suffering for years from back pain. The medical policy will be available for all the 16 million patients covered by the company in the U.S., taking total commercial insurance coverage in the United States to almost 65%.

Over the last 30 years, prominent players in the artificial disc market have helped in generating clinical evidence that has brought forward the efficacy of lumbar total disc replacement. Prior to UnitedHealthcare, another healthcare program major, Tricare, also changed its policy to cover lumbar total disc replacement affecting more than 9.5 million covered individuals in the U.S.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/1183

Studies have found that nearly 266 million people around the world are affected by degenerative spine disease and lower back pain every year. Approximately 39 million people around the world are affected with spondylolisthesis while 403 million suffer from symptomatic disc degeneration. Based on population sizes, low- and middle-income countries have 4 times as many cases as high-income countries. The artificial disc market is gaining traction as awareness to undertake a global effort to address lumbar spine region degenerative conditions for reducing disability is on a high.

Degenerative disease of the lumbar spine is a significant cause of disability across the globe and patients often undergo years of conservative treatment options before reaching out to surgery or disc replacement. The idea of a spine surgery has for long, daunted patients due to the recovery process involved after the surgery and the high cost related to the entire procedure. However, healthcare policies are becoming more inclusive of total disc replacement and advancement in disc replacement technology has urged the growth of the artificial disc market. Minimally invasive surgical techniques can address the concern related to recovery and patients have found to be able to resume normal activities within a few weeks of surgery. Also, artificial disc replacement has been found to be a superior alternative to spine problems rather than spinal fusion, adding further impetus to the artificial disc market.

Medical experts are of the opinion that since the patient experience post disc replacement is better and the next generation of artificial discs is in vogue at present, the future of the artificial disc market would be indicative of two procedures. Cervical artificial disc is assumed to become the standard for a herniated disc. In 2017, cervical artificial disc market accounted for USD 790.1 million as cervical disc replacement is a motion preserving surgery and is becoming increasingly popular due to its efficiency in reducing neck pain, procedural ease and reduced need of revision surgery. Lumbar artificial disc market is also estimated to register a massive CAGR of 21% over 2018-2024, driven by the rapidly aging global population requiring disc replacements and lower back pain taking the form of a global epidemic.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/1183

Technological advancements in the field of artificial discs will further augment the growth of the artificial disc market. For instance, demand and application of metal-on-biopolymer artificial discs led to the material accounting for 91% of the artificial disc industry in 2017. With major artificial disc industry players focusing their efforts in bringing products to the market with augmented biocompatibility, ease of flexibility and higher degree of rotation, it is estimated artificial disc market, which is already a billion-dollar business will register colossal returns over the ensuing years.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary

Chapter 2. Executive Summary
2.1. Artificial disc industry 360º synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Material trends
2.1.3. Type trends
2.1.4. Regional trends

Chapter 3. Artificial Disc Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024 (USD Billion)
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Product & technological innovation such as multi-level disc replacement
3.3.1.2. Increasing incidences of degenerative disc diseases
3.3.1.3. Long-term cost benefits for lower re-operation rate for disc replacement
3.3.1.4. Rising propensity for minimal incision surgery
3.3.1.5. Better clinical trial results with C-TDR compared to ACDF
3.3.2. Industry pitfalls & challenges
3.3.2.1. Lack of reimbursement for disc replacement
3.3.2.2. High cost of implants
3.4. Growth potential analysis
3.4.1. By material
3.4.2. By type
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.5.3. China
3.6. Porter’s analysis
3.7. Company landscape, 2017
3.7.1. Strategy dashboard
3.8. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Disc Market : Eminent Players – AxioMed, B. Braun Melsungen, DePuy Synthes, Globus Medical, K2M, Medtronic, NuVasive, Orthofix International, Paradigm Spine, Simplify Medical, Spineart SA, Stryker, Synergy Disc Replacement here

News-ID: 1600209 • Views: 613

More Releases from Global Market Insights, Inc.

Air Compressor Market with COVID-19 impact by Design, Business, Application and …
The global air compressor market size is expected to reach USD 107.5 billion by 2026, progressing at a CAGR 5.2% over the forecast period, according to a new report by Global Market Insights, Inc. Global air compressor market is expected to surpass the valuation of $107.56 billion through 2026.Increasing global demand for industrial refrigeration chillers is set to drive the global air compressor market growth over the forthcoming timeframe. Increasing prominence
Increasing Need for Proper Animal Nutrition to Foster the Demand for Yeast Marke …
Consider the following pointers: • In 2016, nearly 50 zoo animals were declared dead in the Venezuelan capital of Caracas, mainly due to prolonged starvation or improper nutrition in the feed. • Approximately 350 million tons of meat is being consumed worldwide every year. The above-mentioned figures and statistics are a testament to the fact that lack of proper components in the animal feed can have an influential impact on both animals and
Vacuum Pumps Market to 202, Future Outlook, COVID-19 Impact Analysis, Forecast 2 …
Vacuum Pumps Market size to Hit $7 Billion by 2026 with CAGR of 7.1% from 2020 to 2026. The vacuum pumps market size is anticipated to surpass USD 7 billion by 2026. The global vacuum pumps market size is anticipated to depict quite an expansion in the years ahead, driven by the robust growth of the electronics and semiconductors sector worldwide. The advent of e-commerce and the rising number research programs
Conveying Equipment Market size is anticipated to witness healthy growth through …
The conveying equipment market size is expected to exceed more than US$ 65 Billion by 2026; Growing at a CAGR of more than 3.5% in the given forecast period 2020 to 2026. Ongoing investments by top retail players, alongside e-Commerce industry expansion, are expected to give conveying equipment market share a substantial boost over the projected timeframe. For instance, Alibaba Group Holding Ltd. announced the commercial platform expansion to small U.S. businesses

All 5 Releases


More Releases for Industry

Global Bisphenol A Industry
Global Bisphenol A market size is accounted for $14.6 billion in 2014 and is expected to grow at a CAGR of 5.2% to reach $21.9 billion by 2022. The drivers of the market are raising demand for polycarbonate plastics and epoxy resins, growth in global automobile sector and rapid growth in demand for Bisphenol A in developing countries. The challenges faced by the market are volatility in crude oil prices
Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medic …
Researchmoz added Most up-to-date research on "Global Nutraceuticals Market By Application | Food Industry, Ink Industry, Medicine Industry, Electronic Industry and Paint Industry" to its huge collection of research reports. This report studies Nutraceuticals in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers
Global Email Marketing Industry
Albany, New York, May 10, 2017: The increasing number of internet users and the rising of the retail/e-commerce industry across the globe is likely to boost the demand for email marketing over the next few years. This rapidly rising global email marketing industry is the focus of a new market report recently added to the massive online repository of Market Research Reports Search Engine (MRRSE) with a title of “Email
Digital Transformation / “Industry 4.0”
Wesseling, April 12th 2017: When humans, machines and industrial processes are intelligently connected then we are speaking about “Industry 4.0”. Thus it is possible to create and provide customised products and services whereat most modern information and communication technologies are used. Intelligent, digital and flexible cross-linked systems and production processes form the technical basis for well- and efficiently-designed processes. UIM is working within the digital transformation section today and acquired
2016 Connector Industry Yearbook
ReportsWorldwide has announced the addition of a new report title 2016 Connector Industry Yearbook to its growing collection of premium market research reports. Each year, Bishop & Associates prepares the Connector Industry Yearbook based on annual reports provided by publicly traded connector companies. Income statements and balance sheets are consolidated for the past 10 years, 5 years, and most current year, providing benchmarks on the industry and the overall performance
BMR Industry
Notes: Sales, means the sales volume of Embedded Analytics Revenue, means the sales value of Embedded Analytics Get Sample Copy of Report: https://goo.gl/OUc8J0 This report studies sales (consumption) of Embedded Analytics in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Microsoft Corporation IBM Corporation SAP SE Opentext Corporation Microstrategy, Inc. Logi Analytics, Inc. Sisense, Inc. Birst, Inc. Information Builders Tibco Software, Inc. Qlik