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Description
Global Disc Prostheses Market
Report Description:
Global disc prostheses market report gives comprehensive outlook on disc prostheses across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global disc prostheses market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global disc prostheses.
Global Disc Prostheses Market:
The global disc prostheses market is expected to be valued at US$ 402.1 Mn in 2019 and growing at a significant CAGR over the forecast period to reach US$ 1,095.7 Mn by 2026 owing to increasing advancements in artificial discs boosting the growth of the market. Total disc prostheses were introduced as an alternative to the spinal fusion coupled with number of players or brands have been available in the market with affordable cost. Moreover, increasing demand for non-invasive and minimally invasive procedures coupled with development of new products by the market players such as multi-level artificial disc, and focus on advancements in technologies are anticipated to drive the growth of the market. For instance, in 2018, Zimmer Biomet Holdings, Inc. launched its Mobi-C Cervical Disc for cervical total disc replacement in Japan. Developed nations have been highly adopted to the disc prostheses where as in developing nations still they dependent on traditional treatment method.
North America dominates the market share in the global market
North America contributed highest share of revenue followed by Europe, and Asia Pacific in global market. North America region is anticipated to grow with a significant CAGR over the forecast years owing to high adoption of disc prostheses for spinal fusion and presence of large number of market players in the region coupled with advancements in technology for the development of new implants. Europe market has also registered significant market share in 2019 and is anticipated to grow with significant over the forecast years. However, in developing nations, the traditional treatment method is highly adopted, but in Japan, Australia and New Zealand the advanced treatment method is followed.
Competition Assessment
Key player’s profiles in the global market include:
- Spineart
- Medtronic
- Centinel Spine
- FH Orthopedics
- Orthofix Company
- AxioMed
- Zimmer Biomet
- Globus Medical
- Alphatec Spine
- Simplify Medical
- NuVasive
- Aditus Medical
- Braun
- Medicrea
Key Findings of the Report:
- Global disc prostheses market expanding at significant CAGR over 2020 to 2026 owing to increasing adoption of minimally invasive treatment in developed nations.
- Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovations and launch of new products and collaboration strategies to retain market position in global market
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Type
- Lumbar Disc
- Cervical Disc
By Application
- Metal-on-polymer
- Metal-on-metal
- Others
Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Venezuela
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
Location
GEOGRAPHY
