Artificial Disc Market Research Report 2017
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Growing health care expenditure, supportive reimbursements, and increasing disposable income are projected to drive the market in the U.S. High success rate of artificial disc replacements is also spurring market growth. In addition, the prevalence of degenerative disc disease and demand for non-invasive procedures are likely to augment the market. An absence of standardized reimbursement as well as high cost of the procedure and devices are the major restraints of the market.
Based on type, the artificial discs market can be divided into two segments: cervical and lumbar. The cervical segment accounted for over 65% of total revenue by 2024. The lumbar segment drew in with high growth rate million in 2015 as per historical revenue.
In terms of material, the artificial discs market can be segmented into metal on biopolymer and metal on metal artificial disc. The metal on biopolymer segment accounted for over 85% market share in 2015. The segment is expected continue to dominate the market from 2017 to 2025 due to biocompatibility and increasing interest among pharma and medical professionals. The metal on metal artificial disc segment is likely to expand at a high CAGR due to low cost.
Based on end-user, the global artificial disc market can be segmented into hospitals, clinics, home care settings, and others. The others segment comprises facilities such as ambulatory surgical centers, and nursing homes.
Geographically, North America is the largest market for artificial disc replacement, followed by Europe and Asia Pacific. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on health care, and growing medical tourism in developing nations such as China, Japan, and India in this region. Artificial disc replacement growth is significantly high in the U.S. and Mexico compared to other countries due to fast disease progression technology, highest prevalence, better health care infrastructure, good economic growth, high insurance payer, developing and expending private health care sector, and increased awareness among people due to educational background. The global artificial disc market is projected to witness strong by 2025. The U.S. is expected to dominate the artificial disc market till 2025. Germany accounted for over 20% of the market in Europe in 2015, and is estimated to record high growth rate.
Major players in the global artificial disc market include Audubon, Globus Medical, DePuy Synthes, NuVasive, Inc., Zimmer Biomet, Stryker Corporation, Medtronic, and Aesculap Implant Systems.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis
The regional analysis covers:
• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market
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