Press release
Artificial Disc Market is anticipated to reach USD 4.8 billion by 2025 | K2M Inc., Simplify Medical Inc., Johnson & Johnson, Spinal Kinetics Inc., Globus Medical Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc. and Medtronic PLC
Artificial disc market Size was expected to Reach at USD 4.8 billion by 2025 with a CAGR of 6.5 % during the forecast period 2018-2025.
Browse details of 95 number of pages research report developed on Artificial Disc Market @ https://www.researchcosmos.com/reports/artificial-disc-market-by-product-and-material-global-industry-analysis-and-forecast-to-2025/50220917
Artificial Disc Market Growth Drivers and Restraints:
Growth in the industry is believed to be driven mainly by productive and technological innovations that increase the incidence of degenerative disc disease, growing in the incidence of minimal incision surgery, improved clinical trial results with complete replacement of cervical cancer (C-TDR) compared to previous cervical and fusion discectomy (ACDF), long-term cost advantage of intervertebral disc replacement in spinal fusion procedures, increased geriatric population and increased health expenditure. Factors propelling the growth of the market are growing occurrence of increasing orthopedic surgeries, sports and trauma-related injuries, and increasing geriatric population. Additionally, spending on research and development and aggressive strategies acquired by top players are contributing to the growth of the market.
Geographical Overview of Artificial Disc Market:
Geographically, Americas are likely to dominate the artificial disc market due to the well-established healthcare sector, expanding orthopedic surgeries, adoption of advanced technologies and favorable reimbursement policies. Furthermore, In October 2016, Anthem BlueCross and BlueShield, major players in the health insurance market, started covering the new disc replacement procedures, which includes one- and two-level cervical total disc replacements performed with the Moby-C.
The European market is projected to be the second-largest market after Americas. Factors propelling the growth of the market in this region are increasing expenditure on healthcare, increasing geriatric population, and favorable government and regulatory policies. In July 2016, Medtronic received FDA clearance for its Prestige LP Cervical Disc. The device is used to treat cervical disc disease at two adjacent levels between the C3-C7 segments.
The business in the Middle East & Africa is demanded to account for the modest share of the artificial disc replacement market due to the underdeveloped healthcare sector in this area, poor economic condition and lack of technical knowledge.
Asia-Pacific is expected to be the fastest-growing region in the world market during the forecast period, owing to the rising use of minimally invasive methods, rising cases of disc degenerative disorders, and government initiative to provide quality healthcare services in affordable prices.
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Key Players of Artificial Disc Market:
Some of the key players operating in the global market are K2M Inc., Simplify Medical Inc., Johnson & Johnson, Spinal Kinetics Inc., Globus Medical Inc., B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., and Medtronic PLC.
Artificial Disc Market Segmentation:
By Product:
• Lumbar Disc
• Cervical Disc
By Material:
• Metal on Biopolymer
• Metal on Metal
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
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