Artificial Disc Market Opportunity Assessment Study

1
Artificial Disc Market Size to Reach 3.4 Billion
by 2024
2
Artificial Disc Market
Global artificial disc market is predicted to
attain revenue of 3.3 billion by 2024, according
to new market research report published by PS
Market Research the growth in the industry is
expected to be majorly led by product and
technological innovations, increasing incidence
of degenerative disc diseases, rising propensity
for minimal incision surgeries, better clinical
trial results with cervical total disc
replacement (C-TDR) compared to anterior cervical
discectomy and fusion (ACDF), long-term cost
benefits of disc replacement over spinal fusion
procedures, surging geriatric population, and
rising healthcare expenditure. Access Report
Summary with detaled TOC on "Artificial Disk
Market" at https//www.psmarketresearch.com/marke
t-analysis/artificial-disc-market
3
Artificial Disc Market
The APAC artificial disc market is expected to
witness the fastest growth in demand, at a CAGR
of 20.6, during the forecast period, owing to
growing geriatric population, rising healthcare
expenditure, increasing per capita income, and
increasing public and private investments in the
healthcare sector to cater to the unmet medical
needs of the people in the region. According to
the United Nations Economic and Social Commission
for Asia and the Pacific (UNESCAP), people aged
65 years and above constituted approximately
11.4 of the population in 2013, and the count is
estimated to increase by approximately 20 by
2050. Thus, these rising figures with respect to
the geriatric population, are an important factor
leading to the increasing demand for artificial
disc replacement surgeries/procedures in the
region. The rising per capita income is likely
to increase the affordability of patients for
expensive surgical procedures, including
artificial disc replacement surgeries. According
to the World Bank, the GDP per capita of India
increased from 1,345.8 in 2010 to 1,709.4 in
2016. A similar trend has been observed for other
developing countries, such as Papua New Guinea,
the Philippines, and Indonesia, which is
contributing to the growth of the APAC artificial
disc market.
4
Artificial Disc Market
Globally, the key players in the artificial disc
market are acquiring other companies to gain a
larger market share. For instance, in December
2017, NuVasive Inc. and SafePassage, a privately
held provider of intraoperative
neurophysiological monitoring (IONM) services,
entered into a definitive agreement, under which
NuVasive Inc. agreed to acquire SafePassage. The
acquisition aimed at strengthening NuVasive
Inc.s IONM business line, formed in July 2016,
when the company acquired Biotronic NeuroNetwork
(Biotronic) and combined its service offerings
with its subsidiary namely, Impulse Monitoring
Inc.
5
Artificial Disc Market
Some of the other key players operating in the
artificial disc market are AxioMed LLC, Simplify
Medical Inc., K2M Inc., Spinal Kinetics Inc.,
Globus Medical Inc., Johnson Johnson, B. Braun
Melsungen AG, Zimmer Biomet Holdings Inc., and
Medtronic PLC.
6
Artificial Disc Market
Download report sample at
https//www.psmarketresearch.com/market-analysis/a
rtificial-disc-market/report-sample
7
GET IN TOUCH
THANK YOU!
For information regarding permissions and other
queries Kindly write to
US/Canada Toll-Free 1-888-778-7886