A research study
titled, “Artificial
Disc Market by Product and Material - Global Industry Analysis and Forecast
to 2025” published by Crystal Market Research, states that the artificial disc
market is projected to be around $4.8 billion by 2025.
Artificial discs are synthetic replacements for damaged
intervertebral discs present in the cervical or lumbar regions of the spine. In
artificial disc replacement surgery, a painful disc is replaced with an artificial
disc. Cervical spine disorders are illnesses resulting from the
damage/breakdown of the normal architecture of the cervical spine. The major
causes for cervical spine disorders are obesity, genetic factors, and smoking.
Lumbar degenerative disc disorder is a disease of lumbar spine or lower back.
The major causes of lumbar degenerative disc disease are micro-motion
instability and inflammation.
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Market by Product and Material - Global Industry Analysis and Forecast to 2025”
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Cervical artificial disc segment occupied a major share
of the global artificial disc market in 2016. This major share is attributed to
factors such as rising prevalence of cervical disc degenerative diseases and increase
in number of cervical artificial disc surgeries.
Metal on biopolymer segment held the major share of the global
artificial disc market in 2016, due to rising acceptance among medical
professionals because of its improved biocompatibility. Metal on metal
artificial disc segment is anticipated to grow at a double digit CAGR over the
forecast period, due to its low cost as compared to metal on biopolymer
artificial disc.
U.S. held a major share of the North American artificial disc
market in 2016, owing to the growing incidence of cervical disc degenerative
diseases coupled with high disposable income of the people in the region. Japan
held more than one-fourth share of the Asia-Pacific artificial disc market in
2016. High disposable income along with sophisticated healthcare infrastructure
will contribute to the growth of the Japanese market.
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Some of the players competing in the artificial disc
market are Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Stryker
Corporation, DePuy Synthes Spine, Inc., NuVasive, Inc., Medtronic, LDR Holding
Corporation, and Aesculap Implant Systems, LLC. Product development is the key
strategy adopted by the companies to ensure competitive advantage over other
market players. For instance, in July 2016, Medtronic received FDA approval for
Prestige LP Cervical Disc for treatment of cervical disc disorder which causes
spinal cord or nerve compression at adjacent levels between c3 and c7 segments
of the neck.
Key
Findings of the Research Study:
·
Cervical disc segment held over two-third
share of the global artificial disc market in 2016 and is expected to grow at a
double digit growth rate over the forecast period as a result of rising
incidence of cervical disc degenerative diseases.
·
Metal on biopolymer segment held over three-fourth
share of the artificial disc market in 2016, due to its increased acceptance
among healthcare professionals.
·
North America held more than half of the
global artificial disc market in 2016, owing to the presence of advanced
infrastructure and large number of disc replacement surgeries performed in the
region due to presence of trained surgeons.
·
Asia-Pacific is expected to grow at the
highest CAGR during the forecast period due to advances in healthcare
infrastructure and rising incidence of degenerative disc diseases.
·
UK held a little below one-fourth share of
the European artificial disc market in 2016 and will grow at a double digit
growth rate over the forecast period due to increasing geriatric population and
state-of-the-art healthcare infrastructure.
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Artificial
Disc Market Segmentation
By Product:
- Lumbar Disc
- Cervical Disc
By
Material:
- Metal on Biopolymer
- Metal on Metal
By Region:
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- Turkey
- United Arab Emirates
- Others
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Crystal Market Research is a U.S. based market research
and business intelligence company. Crystal offers one stop solution for market
research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized
research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including
healthcare, chemicals & materials, technology, automotive, and energy.
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