Global Artificial Disc Replacement Market: Snapshot
Surge in different sports-related injuries and trauma-related injuries across the globe is projected to push the sales opportunities in the global artificial disc replacement market in the forecast period 2021–2031. Apart from this, increased number of orthopedic surgeries is one of the key factors fueling demand avenues in the market.
TMR’s upcoming research report gives panoramic view of the global artificial disc replacement market. This study provides lucid synopsis on many crucial facets such as investment avenues, R & D activities, drivers, and restraints of the market for artificial disc replacement.
The global artificial disc replacement market is segmented on the basis of several important parameters including material type, indication, and region. Based on material type, the market for artificial disc replacement is classified into metal and metal + plastic.
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Key Drivers of Artificial Disc Replacement Market Growth
Products from the global artificial disc replacement market find application in lumbar disc replacement and cervical disc replacement procedures. Artificial disc replacement surgeries are carried out on patients dealing with the issue of back pain owing to degenerated discs. Lumbar disc replacement surgeries do not need bone fusion, thus the recovery time of these surgeries is shorter in comparison to the other spinal procedures. This factor shows positive impact on the growth of market for artificial disc replacement.
Over the period of past few years, there is noteworthy growth in number of surgeries due to increased cases of sport injuries and trauma-related injuries across the globe. This scenario is anticipated to translate into expansion of the global artificial disc replacement market in the years to come.
The artificial disc replacement market is projected to gather lucrative avenues on the back of surging number of older people across the globe and increased technological advancements in the global healthcare sector.
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In recent years, many developing nations across the globe are increasing focus on strengthening their healthcare infrastructure and making various advanced treatments available to higher portion of their populations. This scenario is expected to work as one of the key drivers pushing demand for different healthcare-related products such as spinal surgery products, and thereby create lucrative avenues for the expansion of the global artificial disc replacement market.
What Key Tactics are Utilized by Players in Global Artificial Disc Replacement Market to Stay Ahead in Competition
Companies operating in the global artificial disc replacement market are increasing their focus on the new product development & launch activities. This aside, many players are concentrated on the expansion of their businesses in newer regions and strengthening their distribution networks. Thus, enterprises are seen engaged in strategies such as partnerships, mergers & acquisition, and joint ventures.
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The list of key players in the global artificial disc replacement market includes:
- Orthofix Medical Inc.
- Medtronic
- Aesculap, Inc.
- Globus Medical
- AxioMed LLC
- NuVasive, Inc.
- SpineArt SA
- Zimmer Biomet
- Centinel Spine
- Synergy Spine Solutions, Inc.
North America Demand Outlook for Artificial Disc Replacement
North America, Europe, Asia Pacific, Latin America, and MEA are some of the key regions of the global artificial disc replacement market. Among all regions, North America is one of the prominent regions in the market for artificial disc replacement. Growth of regional market can be attributed to existence of several prominent players in the region together with use of advanced technologies in hospitals from Canada and the U.S.
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