U.S. Artificial Disc Market to exceed USD 2 billion by 2024

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Artificial Disc Market forecast to grow at 21
CAGR from 2016 to 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Artificial Disc Market

• Increasing prevalence of degenerative disc
  diseases and growing trend towards noninvasive
  medical interventions will stimulate artificial
  disc market growth. Reduction in re-operation
  rate compared to other fusion methods will also
  assist industry expansion.
• Technological innovation and new product
  development will create effective treatment
  options in artificial disc replacement market
  space.
• Improvement in artificial disc clinical trial
  results have resulted into increased demand among
  surgeons and patients. Lack of uniform and
  adequate reimbursement, high procedure cost and
  expensive devices should hamper artificial disc
  market growth over the forecast period.
• Cervical artificial disc market share held over
  65 of total revenue and is expected to surpass
  USD 3 billion by 2024.

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Continued...

• Lumbar artificial disc was approved for total
  replacement surgeries in the U.S. and has
  witnessed steady growth since 2004, and saw over
  USD 240 million for 2015. Metal on biopolymer has
  seen significant gains, with expectations to
  exceed USD 4 billion by 2024. Flexible PU/ PE
  allows better motion and shock absorption.
• U.S. artificial disc market looks set to surpass
  USD 2 billion by 2024, which translates to over
  20 growth. Increasing healthcare expenditure,
  favorable reimbursement policy structure, growing
  disposable income and higher success rate of
  artificial disc replacements should stimulate
  business growth.
• Germany held more than 20 of the 2015 Europe
  artificial disc market share, and expected to
  witness more than 15 growth. Demographic trends,
  well-developed healthcare infrastructure, low
  cost of artificial disc replacement surgery
  should fuel industry growth.

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Germany Artificial Disc Market Size, By Type (USD
million)

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Continued...

• China artificial disc market will witness a
  robust 24 CAGR owing to rapid economic growth,
  improved healthcare infrastructure and rising
  trend towards medical tourism and cost-effective
  surgical procedures.
• Japan artificial disc market held more than 25
  of the regional revenue share and is expected to
  witness over 20 CAGR. High disposable income,
  sophisticated healthcare infrastructure and
  significant utilization of technologically
  advanced products will fuel the industry growth.
• Some of the key industry players in artificial
  disc market include Globus Medical, Depuy Spine,
  NuVasive, Zimmer-Biomet, Stryker Corporation,
  Medtronic and Aesculap Implant Systems. The
  industry is dynamic and could see consolidation
  over the next five years.

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