Global Artificial Disc Market Witnesses A Phenomenal Growth Rate Of Around 18% During The Forecast Period

27-Feb-2020 | Zion Market Research

Zion Market Research has published a new report titled “Global Artificial Disc Market – By Type (Lumbar Artificial Disc and Cervical Artificial Disc), By Material (Metal-On-Biopolymer and Metal-On-Metal), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, the valuation of the global artificial disc market was reached around USD 1.5 Billion in 2019 and is projected to reach close to USD 4 Billion in 2025, growing at a rate of more than 17.5% between 2019 and 2025.

Browse the full “Global Artificial Disc Market – By Type (Lumbar Artificial Disc and Cervical Artificial Disc), By Material (Metal-On-Biopolymer and Metal-On-Metal), And By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/artificial-disc-market

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Rising orthopedic disease incidences across the globe is the leading factor that is likely to propel the artificial disc market during the study timeframe. In degenerative disc diseases (DDD), victims face difficulty in bipedal locomotion owing to the mechanical strain on the vertebral column. The chances of developing DDD rise with the growing age. At present, the majority of the professions involve sitting jobs, where employees have to retain sedentary posture for hours, which leads to several muscular disorders, thereby escalating the artificial disc market growth. However, expensive surgical operations for artificial disc replacement impede the sector growth during the forecast period.

“Lumbar artificial disc” category under the type segment will witness a phenomenal growth in the global artificial disc market

The lumbar artificial disc segment is projected to escalate significantly at a CAGR of around 20% CAGR during the forecast period owing to the swiftly burgeoning geriatric patient pool agonizing in orthopedic diseases. (LBP) low back pain is considered as one of the major disabilities observed in the patients, which will raise the demand for LTDR (lumbar total disc replacement) surgeries, thereby propelling the lumbar artificial disc market segment growth.

North America is projected to sustain the dominating position in the global artificial disc market throughout the study timeframe

North America holds over half of the global artificial disc market share and is witnessing significant growth in the coming years. Owing to the increased adoption of sedentary lifestyle, the incidences of degenerative disc diseases are upsurging gradually, which will escalate the regional artificial disc market. Moreover, the majority of key industry players are headquartered in the U.S., which is also one of the leading factors driving the regional market.

Some of the key players driving the global artificial disc market are Globus Medical, DePuy Synthes, Stryker, AxioMed, Paradigm Spine, B. Braun Melsungen, NuVasive, Simplify Medical, Orthofix International, K2M, and Medtronic.

The global artificial disc market is segmented as:

Global Artificial Disc Market: By Type Segmentation Analysis

  • Lumbar Artificial Disc
  • Cervical Artificial Disc

Global Artificial Disc Market: By Material Segmentation Analysis

  • Metal-On-Biopolymer
  • Metal-On-Metal

Global Artificial Disc Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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