
Total Disc Replacement Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Total Disc Replacement Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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Major Players In This Market Are: Stryker Corporation, De Puy Spine, Inc., Smith & Nephew Plc., Medtronic, Globus Medical, Zimmer Biomet, NuVasive, Inc., Alphatec Spine, Inc., Stryker Corporation, and Aesculap Implant Systems
Total disc replacement is a type of back/spine surgery that involves replacing a damaged or degenerated disc with an artificial replacement device in the lumbar or cervical region. These implants are inserted into the spine and performed the same function as that of the normal disc in the human body. Prostheses support maintaining spinal curvature and enhance flexibility while reducing the pain. Active reconstruction of a degenerative functional spinal unit is an emerging field in the total disc replacement market.
The growing prevalence of spinal disorder along with the increasing awareness regarding disc replacement among patients is projected to fuel the market growth of disc replacement. Moreover, the benefit associated with minimally invasive surgery is fueling the demand for the procedure is with less tissue disruption of the vertebrae is further expected to boost the market growth.
Market Taxonomy
By Product Type:
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Cervical Discs Implant
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Lumbar Discs Implant
By Material:
The metal on the biopolymer segment accounted for the highest market share in 2016, owing to its biocompatibility and increasing interest among pharmacy and medical professionals. The metal on metal artificial disc segment is projected to expand at a high CAGR over the forecast period, due to its low cost.
By End User:
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Hospitals
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Orthopedic Clinics
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Market Dynamics
The total disc replacement market is mainly driven by the increasing geriatric population and rising prevalence of rheumatoid and osteoarthritis around the globe. Other factors such as rising healthcare expenditure and an increase in spine care surgery centers are further projected to fuel the growth of the market for total disc replacement in the foreseeable future.
On the other hand, reimbursement challenges, high cost of implants, lack of trained healthcare workers, and the increasing popularity of intraoperative technology are some of the other factors propelling the market growth.
Regional Scenario
North America holds a dominant position in the market for total disc replacement, followed by Europe and the Asia Pacific, respectively. The Asia Pacific is projected to be the fastest-growing market, and this can be attributed to developing medical infrastructure, increased spending on health care, medical literacy, and booming medical tourism across emerging economies such as China and India.
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In this study, the years considered to estimate the market size of Total Disc Replacement are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Total Disc Replacement Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Total Disc Replacement Market are also given.
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