Global Market Study on Artificial Disc Replacement: Investment Focus Zooms in on Developing Regions


Artificial Disc Replacement  Market
  • Published On : May-2019 |
  • Pages : 235 Pages |
  • Format :

Increasing Funding to Reduce the Burden of Spinal Injury to Drive the Market

Governments and regulatory bodies around the world are increasing funding on the development of noble spinal implants and treatment options to reduce the financial burden of spinal cord injury. According to the National Spinal Cord Injury Statistical Centers, the direct cost burden of high tetraplegia is more than US$ 1 Mn during the first year of injury and US$ 180,000 for each subsequent year in the U.S.

The direct and indirect cost burden of spinal cord trauma is higher as compared to most indications. Governments are sponsoring projects for the development of effective treatment modalities. The European Union funded the Bioarctic’s innovative treatment concept SC0806, a biodegradable device that stimulates nerve degeneration.

artificial disc replacement market

Furthermore, major players in the artificial disc replacement market are strengthening their positions and market share through mergers and acquisitions in emerging nations to gain maximum revenues sales. The artificial disc replacement market has high potential in populated and growing economies such as, India, China, Brazil, South Africa, and others. The incidence of spinal injury in these countries is high due to the increasing number of accidents and casual injuries. North America is expected to dominate in the global artificial disc replacement market owing to increased product launches and the growing adoption of disc replacement.

Emphasis on Developing Economies

Large population has also been a factor responsible for the presence of a large number of patients suffering from complete as well as incomplete spinal injury-related paralysis. Growing economies are also witnessing improvements in the healthcare infrastructure owing to the increasing per capita income, which has enhanced the ability of the population to spend more on receiving better treatment. All these countries provide vast growth opportunities for companies in the spinal injury treatment market, especially those whose products are in various phases of clinical development

Increase in the Number of Outpatient Surgeries to Fuel Growth of the Artificial Disc Replacement Market

Spinal surgery is an effective treatment for patients suffering from spinal cord disorders, and modifications in reimbursement policies are encouraging a larger number of patients in developed countries to opt for these treatments. Increasing number of outpatient procedures is among the economic variables affecting the spine market. A rapid shift from inpatient to outpatient surgeries for spine-related diseases is estimated to create potential for the rapid growth of the artificial disc replacement market in the near future.

Focus of Manufacturers on Emerging Markets

Major medical device players in this space are focusing on emerging economies due to their growth potential and large distribution channels. Changes that occur in the patterns of diseases, which are triggered by changes in lifestyle, improved access to healthcare services, rising affluence, and growth in the demand for quality healthcare, are making the market highly lucrative for medical device companies. However, global players interested in entering this market face some major hurdles, which include local competition, lack of healthcare infrastructure & affordability, and stringent regulatory policies & approval processes. For instance, in China, the government is promoting spinal implants from domestic manufacturers.

Increase in the Number of Mergers and Acquisitions

Increasing mergers and acquisitions provide opportunities that will help companies in the market grow their reach in developing economies. This is likely to result in fast growth due to the expansion of their product portfolios in various markets, as well as boost their customer base. Local players are likely to enter the global market by acquiring global players, which is also expected to result in growth in their market share. This is expected to generate higher revenue, due to which the artificial disk replacement market is likely to witness growth during the forecast period.

For instance:

  • In June 2016, Zimmer Biomet acquired LDR to enhance innovations as well as grow its spine business.
  • In March 2018, Orthofix International N.V. entered into a definitive agreement to acquire Spinal Kinetics Inc., a manufacturer of artificial cervical and lumbar discs
  • In January 2019, Globus Medical, Inc. announced that its SECURE-C Cervical Artificial Disc is covered by Anthem

Definition

Cervical artificial disc replacement is a device that is implanted into the cervical spine to imitate the function of a normal disc. Cervical artificial disc replacement is a type of joint replacement procedure for the replacement of the diseased cervical disc. It is designed to maintain distance between the two adjacent cervical vertebrae.

Lumbar artificial disc replacement is a type of back or sine surgery that involves the replacement of worn-out or degenerated disks in the lower spine with an artificial disc that is made of metal or a combination of metal and plastics. Lumbar artificial disc replacement is an alternative to spinal fusion surgery.

About the Report

The report offers a comprehensive evaluation of the business opportunities in the artificial disc replacement market, along with insights on the competition blueprint, market trends, and the regulatory analysis of the artificial disc replacement market from 2019 to 2029.

Additional Questions Answered

Some of the additional questions addressed in this report on the artificial disc replacement market are-

  • What is the revenue potential of the artificial disc replacement market across emerging economies?
  • What are the major trends influencing the growth of the artificial disc replacement market?
  • What are the major drivers contributing to the growth of the artificial disc replacement market? 

A recent market study published by the company – “Artificial Disc Replacement Market: Global Industry Analysis 2014 – 2018 and Forecast 2019 – 2029” consists of a comprehensive assessment of the most important market dynamics. By conducting a thorough research on the historical as well as current growth parameters of the artificial disc replacement market, the growth prospects of the market are obtained with maximum precision.

The report features unique and salient factors that may have a huge impact on the development of the Artificial Disc Replacement market during the forecast period. It can help the players to modify their manufacturing and marketing strategies to envisage maximum growth in the artificial disc replacement market in the upcoming years. The report provides detailed information about the current and future growth prospects of the artificial disc replacement market in the most comprehensive way for better understanding of the readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the Artificial Disc Replacement market, which includes the summary of key findings and statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Artificial Disc Replacement market.

Chapter 2 – Artificial Disc Replacement Market Overview

Readers can find detailed taxonomy and the definition of Artificial Disc Replacement in this chapter, which will help them understand the basic information about the artificial disc replacement market dynamics, key players, supply chain analysis and value chain analysis are included in the report.

Chapter 3 –Key Market Trends

Readers can find details of market trends, epidemiology, regulatory scenario, and reimbursement.

Chapter 4 – Global Artificial Disc Replacement Demand (Volume) Analysis 2013-2017 and Forecast, 2018-2028

 

In this chapter, the readers can find information about the volume demand analysis in the global artificial disc replacement market.

Chapter 5 – Global Artificial Disc Replacement Market- Pricing Analysis

In this chapter, the readers can find information about the pricing analysis in the global artificial disc replacement market and market attractive analysis.

Chapter 6 – Global Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029, by Product Type

Based on the product type, the artificial disc replacement market is segmented into cervical and lumbar artificial disc replacement market. In this chapter, the readers can find information about the key trends and developments in the Artificial disc replacement market and market attractive analysis based on product type.

Chapter 7 – Global Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029, by End User

Based on the end user, the artificial disc replacement market is segmented into hospitals, orthopedic clinics and ambulatory surgical centers. In this chapter, the readers can find information about the key trends and developments in the artificial disc replacement market and market attractive analysis based on end user.

Chapter 8 – Global Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029, by Region

This chapter explains how the artificial disc replacement market will grow across various geographic regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa.

Chapter 9 – North America Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

This chapter includes a detailed analysis of the growth of the North America Artificial disc replacement market along with a country-wise assessment including the U.S. and Canada. Readers can also find regional trends, and market growth based on product type, end user, and country for the artificial disc replacement market in North America.

Chapter 10 – Latin America Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

The readers can find detailed information about factors that are impacting the growth of the Latin America artificial disc replacement market. This chapter also includes the growth prospects of the artificial disc replacement market in leading LATAM countries such as Brazil, Mexico, Argentina and Rest of Latin America.

Chapter 11 – Europe Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

Important growth prospects of the Artificial disc replacement market based on its test types, along with service provider in several European countries, such as Germany, U.K., France, Italy, Spain, Russia and Rest of Europe.

Chapter 12 – South Asia Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

India, Malaysia, Thailand, Indonesia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain growth prospects of the South Asia artificial disc replacement market in this chapter. The readers can find thorough information about the growth parameters of the South Asia artificial disc replacement market during the period 2019-2029.

Chapter 13 – East Asia Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

China, Japan and South Korea are the prime subjects of assessment to obtain growth prospects of the East Asia artificial disc replacement market in this chapter.

Chapter 14 – Oceania Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

Australia, and New Zealand are the prime subjects of assessment to obtain growth prospects of the Oceania Artificial disc replacement market in this chapter.

Chapter 15 – MEA Artificial disc replacement Market Analysis 2014–2018 and Forecast 2019–2029

This chapter provides information on how the artificial disc replacement market will grow in the major countries of the MEA region, such as GCC, South Africa and rest of MEA, during the period 2019-2029.

Chapter 16 –Artificial disc replacement Market: Competition Analysis

This chapter provides information on Market Structure, Market Share and Key market players strategy and product offering.

Chapter 17 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 18 – Research Methodology

This chapter helps readers to understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the artificial disc replacement market. 

Companies Profiles

  • Zimmer Biomet Holdings. Inc. 
  • Medtronic Plc. 
  • B.Braun Melsungen AG
  • Johnson and Johnson (DePuy Synthes)
  • Medicrea International
  • Orthofix Holdings, Inc.
  • NuVasive, Inc.
  • Globus Medical Inc.
  • Stryker Corporation (K2M Group Holdings, Inc.)
  • Alphatec Spine, Inc.
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