Europe Artificial Disc Market Projected to Witness Vigorous Expansion by 2026 : Graphical Research

According to the Graphical Research new growth forecast report titled "Europe Artificial Disc Market Size By Type (Cervical Artificial Disc, Lumbar Artificial Disc), By Material (Metal-on-metal, Metal-on-biopolymer), Industry Analysis Report, Regional Outlook (Germany, UK, France, Spain, Italy, Russia, Poland, Denmark, Netherlands, Sweden, Belgium, Czech Republic)", Estimated To Exceed USD 1.5 Billion by 2026.

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Growing burden of degenerative disc disease is one of the major drivers boosting the Europe artificial disc market growth over the coming years. According to the NCBI, around 266 million individuals globally, suffer from degenerative spine disease (DSD) and low back pain (LBP) each year, wherein Europe accounts for the highest incidence rate of more than 5.5%. Rapidly ageing population in the region prone to various orthopedic and musculoskeletal disorders is further poised to show positive impact on the artificial disc industry growth. Rise in the number of patients opting for artificial disc replacement over fusion procedures will further upsurge the product demand over the analysis timeframe.

Moreover, increasing patient preference towards minimally invasive surgical procedures will positively impact the Europe artificial disc market growth. Benefits of minimally invasive disc replacement procedures such as minimum blood loss, quick recovery and reduced risk of infection & muscle damage will increase its adoption in the region. Furthermore, presence of sophisticated spine surgery facilities in Europe and adoption of advanced technologies to ensure better patient outcomes will thus foster the regional industry growth.

However, high cost of artificial discs may restrain the Europe artificial disc business growth during the upcoming years.

Lumbar artificial disc segment was valued over USD 150 million in 2019 and is estimated to witness significant growth over the analysis period. Lumbar disc replacement is a surgical alternative to fusion surgery. Degenerative disc disease in the lower back or the lumbar spine, occurs due to age-related wear and tear of the spinal disc. Increasing number of lumbar degenerative disc (LDD) cases will thus upsurge the demand for lumbar artificial replacement surgeries to ensure easy patient motion and improved clinical outcomes.

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Metal-on-metal segment held considerable revenue in 2019 and is projected to show around 16% CAGR over the forecast timeframe. Segment growth is attributed to advantages offered by metal-on-metal implants such as minimizing corrosion and negative biological response through oxide films. Relatively low prices and high longevity of metal-on-metal implants will enhance its utilization in emerging economies. The commonly used metal implants are cobalt-nickel-chromium-molybdenum and chromium-cobalt-molybdenum, tantalum and zirconium alloys as well as titanium alloys, due to their excessive corrosion resistant property. Aforementioned factors will foster the product demand, especially in the emerging economies.

Germany artificial disc market accounted for the highest revenue share in 2019 and is poised to exceed USD 300 million by 2026. According to the Journal of Health Monitoring, osteoarthritis and osteoporosis are some of the commonly occurring joint diseases in Germany. Adoption of sedentary lifestyle and high risk of degenerative joints in the rapidly ageing population base will prove beneficial for the Germany artificial disc industry growth. Moreover, presence of various domestic and international market players in Germany will favor artificial disc business expansion.

Few prominent players operating in the Europe artificial disc market are Globus Medical, NuVasive, Orthofix, Zimmer Biomet, Medtronic, Synergy Disc Replacement and Paradigm Spine among others. These market players focus on various organic and inorganic strategies such as product innovation, acquisitions and collaborations to sustain market competition. For instance, in February 2016, K2M Inc. acquired CE mark approval for its next-generation Rhine cervical disc system for patients with degenerative disc disease. This approval helped the company in expanding its existing product portfolio as well as broadening its customer base.

Europe artificial disc market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:

Europe Artificial Disc Market Share, By Type, 2015-2026 (USD Million)

Cervical artificial disc
Lumbar artificial disc

Europe Artificial Disc Market Forecast, By Material, 2015-2026 (USD Million)

Metal-on-metal
Metal-on-biopolymer

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1285/europe-artificial-disc-market

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