Industry Trend Analysis:
Artificial Disc Market is expected to be around $4.8 billion by 2025. This is attributed to the development of technologically advanced treatment options, rising prevalence of degenerative disc diseases, and increased inclination for minimally invasive medical interventions. Moreover, an improvement in clinical trial results for artificial disc is set to increase demand among surgeons and patients. On the other hand, unfavorable reimbursement policies and high cost of devices will hamper the market growth.
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Competitive Analysis:
Artificial disc market is dominated by key players such as Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic, LDR Holding Corporation, Aesculap Implant Systems, LLC, Globus Medical, Inc., DePuy Synthes Spine, Inc., NuVasive, Inc. Product development and strategic acquisition are the strategies adopted by these players to increase their share and sustain their positions in the global market.
Product Outlook and Trend Analysis:
Lumbar disc replacement is the most common non-surgical treatment alternative for the people suffering from severe back pain as it helps to gain normal motion with substantial progress in back pain.
Table of Contents:
1. Introduction
2. Executive Summary
3. Market Overview
4. Artificial Disc Market, By Product
4.1. Introduction
4.2. Artificial Disc Market Assessment and Forecast, By Product, 2016-2025
4.3. Cervical Disc
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Lumbar Disc
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5. Artificial Disc Market, By Material
5.1. Introduction
5.2. Artificial Disc Market Assessment and Forecast, By Material, 2016-2025
5.3. Metal on Metal
5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.4. Metal on Biopolymer
5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
To be Continued…
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Regional Outlook and Trend Analysis:
North America dominated the global market in 2016, followed by Europe and Asia-Pacific. Asia-Pacific is poised to grow at the highest CAGR over the forecast period, due to rapidly increasing geriatric population, rising disposable income and improving healthcare infrastructure. China is expected to grow at double digit CAGR from 2017 to 2025, due to huge patient population, growth in medical tourism, and advanced healthcare infrastructure.
Market Opportunities:
The major expansion opportunities for the players in this market lie in the developing countries such as India and China, where there is increasing prevalence of degenerative disc diseases coupled with rapidly aging population, improving healthcare infrastructure, and rising disposable income.
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