Artificial Disc Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

01/feb/2018 13:45:46 pbi Contatta l'autore

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Artificial Disc Market: The disc is a soft cushioning like structure located in between the bones of the spine, known as “vertebra.”  The disc is made up of cartilage-like tissue and contains an inner portion, nucleus, and an outer portion called as annulus. In most cases, the disc is flexible enough to allow the spine to bend. Artificial discs are present in the lumbar and cervical regions of the spine. In artificial discs, worn or damaged disk between the small bones in the spine (vertebrae) is removed and replaced with a synthetic or "artificial" disc. Artificial disc surgery is performed on the lower back or lumbar spine and the neck or cervical spine. The artificial discs are designed with the goal of resembling the form and function of the spine's natural disc.

 

Artificial Disc Market Outline

 

The artificial disc replacement market is expected to witness robust CAGR due to increase in the prevalence of osteoporosis and surge in global geriatric population. Rise in the incidence and prevalence of degenerative diseases and increase in the demand for minimally invasive surgeries, less re-operation rate, and better clinical trial results might fuel the global artificial disc market growth over the forecast period. Furthermore, new product innovation, technological development for new products, an increase in R&D activities for multi-level artificial disc might boost the artificial disc market over the forecast period.  However, high procedure cost, stringent regulatory policies, expensive devices, and unfavourable reimbursement policies might hamper the growth of artificial disc market over the forecast period.

 

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The global artificial disc market is segmented on the basis of product type, material type, and end user

 

Based on product type, the artificial disc market has been segmented into following:

·        Cervical disc

·        Lumbar disc

 

Based on the material type, the artificial disc market has been segmented into following:

·        Metal on metal

·        Metal on the biopolymer

 

Based on the end user, the artificial disc market has been segmented into following:

·        Hospitals

·        Orthopaedic Clinics

·        Ambulatory surgical centres

 

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The global artificial disc market is in developing stage. Launch of new products, technological development, collaborations, acquisitions, and mergers are the key strategies followed by various medical device companies to increase revenue share in the global artificial disc market. For instance, in 2013, Zimmer Biotech acquired LDR holdings to launch Mobi-C in the U.S. cervical market. Similarly, in September 2012, Globus Medical, Inc. announced that the Food and Drug Administration (FDA) has granted premarket approval for the Secure-C cervical artificial disc. The technological developments in the artificial discs enabled better translational and rotational movements, stability of implant for a long time, minimally invasive surgery and improvement in Quality adjusted life year.

Globally, the artificial disc market has been segmented into the following regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to hold the largest share in the artificial discourse of the market revenue growth. Europe accounts for a significant share of artificial market discourse for increase in geriatric population, development in healthcare infrastructure, and increase in disposable income in Europe countries such as Germany, UK etc. Asia Pacific artificial market expected to grow significantly to rise in geriatric majorly in India and China.

 

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Medtronic (US), Globus Medical Inc. (US), Johnson and Johnson Services Inc. (DePuy Synthes) (US), NuVasive Inc. (US), Zimmer-Biomet (US), Stryker Corporation (US), Aesculap Implant System, LLC (US), Alphatec Spine Inc. (US), Smith & Nephew (UK), Orthovita Inc. (US), Synthes Holding AG (US), LDS Spine (US), and Spinal Kinetics Inc. (US) to name a few.

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