Artificial Disc Replacement Market Growth Industry: Demands, Insights, Research andForecast 2020-2027
Artificial disc replacement is the method used to treat backpain. It is also known as total disc replacement in which there is areplacement of degenerated intervertebral disc in spine column. This treatmentis used to treat chronic and severe back pain and cervical pain. The majordriving factors for global artificial disc replacement market are growing prevalence of degenerative spine condition because of increasing aging population across the globe, preference for minimal surgical procedure and many advantages over traditional spine fusion procedure. High cost of devices and lack of uniform reimbursement are major restraining factors for the market growth.
ArtificialDisc Replacement Market Growth, Industry Current Trends, Application, Developmentand Forecast 2027.Global artificial disc market size is expected to grow at aCAGR of 15% during forecasted period. On regional basis, global artificial discreplacement market is segmented into North America, Europe, Asia Pacific andMiddle East and Africa. North America has a leading market for artificial disc replacement. Due to increasing aging population, increasing healthcare expenditure and higher success rate of artificial disc replacements has boosted the artificial disc replacements market in North America. Europe has the second largest market for artificial disc replacements. Germany, UK and franc are the major contributor of the market. Favorable reimbursement policy structure, well-developed healthcare infrastructure and increasing healthcare expenditure are the driving factor for the market growth. While Asia Pacific is the fastest growing region for the growth of the market. A huge population base and rapid development in Asia Pacific region has provided fuel for the growth of the market.
Global artificial disc replacement market is segmented onthe basis of type into cervical disc replacement, lumber disc replacement andother. Lumber disc replacement the most popular treatment option among thepeople suffering from back pain. On the basis of material they are segmented asmetal and biopolymer
Some of the major players in the global artificial discreplacement market are Alphatec Spine Inc. (US), Medtronic Inc. (UK), De PuySpine (US), Stryker Corporation (US), Smith & Nephew Plc (UK), OrthovitaInc. (US), Globus Medical (US), Zimmer Spine Inc (US), Aesculap Implant Systems(US), NuVasive (US), Zimmer-Biomet (US) and many more
Due to increasing aging population across the globe many ofthe companies are in the race to introduce better option of artificial discreplacement for patient suffering from back pain. Companies are using a trendof strategic alliance and acquisition to gain the market and minimize thecompetition in the market.
Alphatec Spine, Inc., an US headquartered medical technologycompany which develop and launch promotes spinal fusion products. They hasintroduced DISCOCERV a cervical disc prosthesis to preserve the physiologicalmobility of the cervical spine.
Medtronic Inc. is a medical device company headquarteredIreland. They has introduced Prestige LP and Bryan cervical disc used tomaintain the distance between two adjacent cervical vertebrae.
Globus Medical, a US headquartered medical device companyfocus on development and design of musculoskeletal implants that promotehealing in patients with spine disorders. They has introduced SECURE-C fortreatment of an anterior cervical discectomy.
Stryker Corporation is a Fortune 500 medical technologiesbased in US. They has introduced OASYS, Reflex, Escalate and Aviator for thetreatment of spine damage.
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