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.
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.
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.
Get complete access of the Report @ http://www.crystalmarketresearch.com/report/artificial-disc-market
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.
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.
Artificial
Disc Market Segmentation
By
Product:
- Lumbar
Disc
- Cervical
Disc
By
Material:
- Metal
on Biopolymer
- Metal
on Metal
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