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.
This report analyzes and estimates the artificial disc market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the artificial disc market drivers and restraints along with their impact analysis at a global level from 2015 to 2025.
The report covers an in-depth analysis of the strategies adopted by major competitors in the global artificial disc market. To understand the competitive landscape in the artificial disc market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The research study provides a decisive view on the global artificial disc market based on type, material, and region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
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.
The report exhibits the analytical information related to the global artificial disc market by segmenting it on the basis of type, material, and region. Based on the type, the global artificial disc market is segmented into lumbar artificial disc and cervical artificial disc. Material-wise, the global industry is sectored into metal-on-biopolymer and metal-on-metal. The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the essential players flourishing the global artificial disc market, but not restricted to include 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
Global Artificial Disc Market: By Material Segmentation Analysis
Global Artificial disc Market: Regional Segmentation Analysis