openPR Logo
Press release

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

04-22-2020 08:39 PM CET | Health & Medicine

Press release from: Graphical Research

Europe Artificial Disc Market Projected to Witness Vigorous

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.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1285/sample

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.

Make an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1285/inquiry-before-buying

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

Contact Us:
Parikhit B.
Corporate sales,
Graphical Research
Email: sales@graphicalresearch.com
Web: https://www.graphicalresearch.com

About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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

News-ID: 2021192 • Views:

More Releases from Graphical Research

Medical Oxygen Concentrators Market is Moving Fast! | Major Key Companies are Co …
An analysis of medical oxygen concentrators market has been provided in the latest report introduced by Graphical Research that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders. Evidence suggests that oxygen concentrators are not only a cost-effective solution
Why the Hand Sanitizer Market Is Set To Explode? | Key Players are 3M, Best Sani …
The global hand sanitizer market share is expected to gain immense traction over the forecast spell, owing to the rising impact of the COVID-19 pandemic. COVID-19, an infectious disease caused by the SARS-CoV-2 virus, is spreading across the globe at a rapid pace. This pandemic has created an unprecedented public health crisis and has, in turn, triggered several initiatives by healthcare providers worldwide to curb further impact. Regulatory authorities and
Guidewires Market: What are the Future Growth Opportunities? Top Players: Stryke …
The global guidewires market is slated to witness an upward trend over the next few years, fueled by the growing popularity of minimally invasive procedures. Guidewires are an important piece of medical equipment designed and developed to provide reliability, flexibility, and improved performance during surgical procedures. Since their introduction, the technology has evolved rapidly and is constantly finding its way into new applications. A guidewire is a wire used to
Yeast Extract Market 2021 Emerging Trends || Leading Players Kerry Group, Lesaff …
A comprehensive research study on yeast extract market introduced by Graphical Research provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players. Yeast extract market is expected to show steady growth in the coming years and below are the key trends enhancing

All 5 Releases


More Releases for Europe

Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period. A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose