Artificial Disc Replacement Market Astonishing Growth with Top Influencing Key players

 

The increased prevalence of sedentary lifestyle especially in urban areas is among the prime factors motivating the growth of the artificial disc replacement market. Market reports connected with the healthcare industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The artificial disc replacement market is expected to develop with a 19.6% CAGR over the forecast period.

The amplified detection of back pain has been identified as misalignment of the spinal discs; this has prompted the further growth of the market. Reduced recovery time following artificial disc replacement surgeries as compared to other treatment methods is projected to act as a significant driver promoting the growth of the market over the forecast period. Increased incidence of sports injury will also modify the market’s growth pace over the forecast period.



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Segmental Analysis

The market for artificial disc replacement market has been segmented on the basis of location, disc type, and material for a better understanding of the market. On the basis of disc type, the market has been segmented into mechanical discs, elastic discs, composite discs, and others. The mechanical discs segment has been additionally segmented into kineflex discs, maverick discs, and flex-core discs. The location segment of the market is divided into lumbar disc replacement and cervical disc replacement. By material, the market has been segmented into biopolymer, metal, mixed and others.

Detailed Regional Analysis

The regional analysis of the Americas region is likely to dominate the market due to the well-established healthcare sector, growing orthopedic surgeries, and favorable reimbursement policies. The European market is anticipated to be the next biggest market after the Americas region. The mounting expenditure on healthcare, rising geriatric population in this region, and promising government and regulatory policies are anticipated to power the development of the market. Asia Pacific region is projected to display rapid growth in the market through the forecast period due to the, growing use of minimally invasive methods, growing cases of disc degenerative disorders, and government initiatives to deliver superior healthcare services at reasonable prices. The market in the Middle East & Africa region is anticipated to be responsible for the lowest share of the artificial disc replacement market owing to the underdeveloped healthcare sector in this area, underprivileged economic condition, and absence of technical knowledge.

Competitive Analysis

The enhancement in the products and services is the chief factor escalating the market's productivity and controlling the trends that are acquiring distinction in the market. The essential success factors and players’ predilections are consistently growing by the strategies being used by market contenders. Besides, the introduction of new products and services will add additional impetus to the market progress. The development of the market is based on the drivers that are radically altering the market backdrop. The growth patterns are modified in tandem to the customer preferences to achieve maximum growth, and in the long run, profitability. The situation for growth plans has stimulated the market for potential new entrants. The gaps in the market are filled due to the execution of proper supply chain strategies.

The noteworthy market contenders are Medtronic, Aesculap Implant Systems LLC, DePuy Spine, Alphatec Spine Inc., Joimax GmbH, Smith & Nephew Plc, Globus Medical Inc., Stryker, Orthofix Inc., Zimmer Biomet, AxioMed LLC, NuVasive Inc., and K2M Inc.

Industry Updates:

Mar 2018 Orthofix International N.V. has announced an agreement to acquire Spinal Kinetics. The transaction to is projected to significantly expand Orthofix’s Spine Fixation portfolio with innovative artificial disc designed to reinstate physiologic and natural motion to the spine.

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