Scope of the Study
The artificial disc is a device that is implanted into the spine to imitate the functions of a normal disc (carry a load and allow motion). It is of two types including lumbar artificial disc and cervical artificial disc. It is generally made of metal or plastic-like materials (bipolymers) or a combination of the two. The artificial disc can be used in the body for many years. The artificial disc implantation is performed due to pain arising from the disc that has not been adequately reduced with non-operative care such as medication, injections, chiropractic care and/or physical therapy.
The market study is being classified by Type (Total Disc Replacement and Disc Nucleus Replacement) and major geographies with country level break-up.
Medtronic Inc. (Ireland), De Puy Spine, Inc. (United States), Alphatec Spine Inc. (United States), Stryker Corporation (United States), Globus Medical Inc. (United States), Smith & Nephew Plc (United Kingdom), Orthovita Inc. (United States), Zimmer Spine Inc (United States), NuVasive, Inc. (United States), Zimmer-Biomet (United States) and Aesculap Implant Systems (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Artificial Disc market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Artificial Disc market by Type, Application and Region.
On the basis of geography, the market of Artificial Disc has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Prevalence of Spinal Diseases
- Rise in the Number of Road Accidents that leads to Spinal Injuries
- Increased Number of Diagnostic Centres and Surgery Centres
- High Demand for Innovative Treatment for Spinal Injuries
- Increasing Demand for non-invasive Procedures
- Limitations Associated with Artificial Disc Replacement
- Lack of Healthcare Infrastructure in Under Developed Countries
- Increased Research and Development Activities
- Huge Investments by Major Players
- Growth in the Healthcare Industry Worldwide
Recently, Medtronic plc announced that U.S. Food and Drug Administration's (FDA) approved Prestige LP(TM) Cervical Disc for the treatment of cervical disc disease causing nerve or spinal cord compression at two adjacent levels between the C3-C7 segments of the neck.
Key Target AudienceArtificial Disc Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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