Artificial Disc Market: The disc is a soft cushioning like structure located in the bones of the spine, known as „vertebra.“ The disc is made up of cartilage-like tissue and contains at inner portion, nucleus, and at outer portion called as the annulus , in majority cases, the disc is flexible enough to allow the spine to bend. Artificial discs are synthetic replacements for damaged intervertebral discs present in the lumbar and cervical regions of the spine. In artificial disc surgery, worn or damaged disc material 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 shape and function of the spine’s natural disc.
Artificial Disc Market Outline
CAGR due to increase in the prevalence of osteoporosis and surge in global geriatric population. The global artificial disc market is growing. Rise in the incidence and prevalence of degenerative diseases and increase in demand for minimally invasive surgeries, less re-operation rates, and better clinical trial results. Furthermore, new product innovation, technological development for new products, 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 unfavorable reimbursement policies may 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
- Orthopedic Clinics
- Ambulatory surgical centers
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The global artificial disc market is in developing stage. Launchshare of the global artificial disc market. For instance, in 2013, Zimmer Biotech acquired LDR holdings to launch Mobi-C in the US Cervical Market. Similarly, in September 2012, Globus Medical, Inc. announced that the Food and Drug Administration (FDA) has granted 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-term, minimally invasive surgery and improvement in quality adjusted life year.
Globally, the artificial disc market has been segmented into the following regions Viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is expected to increase its share of disposable income and healthcare expenditures, technological developments in disc surgeries, and favorable reimbursement policies. Such as Germany, UK, etc. Asia Pacific artificial disc market expected to grow due to grow Significantly rise in geriatric population majorly in India and China. Increase in the prevalence of degenerative diseases, development of healthcare infrastructure, and increase in medical tourism in Asia Pacific region might bolster the artificial disc market in APAC region.
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Some of the key players in the global artificial disc market are Medtronic (US), Globus Medical Inc. (US), Johnson and Johnson Services Inc., (DePuy Synthes) (US), NuVasive Inc. (US), Zimmer Biomet (US) 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 (U.S. US), and Spinal Kinetics Inc. (US) to name a few.
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