Coherent Market Insights published a business research report on Lumbar Disc Replacement Device Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Lumbar Disc Replacement Device Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
The global Lumbar Disc Replacement Device Market analysis further provides pioneering landscape of market along with market augmentation history and key development involved in the industry. The report also features comprehensive research study for high growth potential industries professional survey with market analysis. Lumbar Disc Replacement Device Market report helps the companies to understand the market trends and future market prospective,opportunities and articulate the critical business strategies.
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Lumbar disc replacement is a medical procedure that involves replacement of a damaged or degenerated disc of spine with an artificial lumbar disc replacement device in the lumbar region. Arthroplasty and artificial disc replacement are two options for repairing degenerated intervertebral discs. Lower back is a common factor that led to degenerated disc of spine. Most of the risk factors associated with back pain are obesity, occupational posture, and age.
The market of Lumbar disc replacement is growing on the account of increasing incidence of spinal disorders and rising awareness among patients regarding disc replacement. Continuous advancement in surgical procedure and advantages offered by minimally invasive surgery have further significantly contributed to the demand for spine surgeries. This is again fostering growth of the lumbar disc replacement device market.
Furthermore, growing prevalence of lower back pain is projected to accelerate growth of the lumbar disc replacement device market. For instance, according to the Spinal Cord Injury report data, in 2019, it was estimated that incidence of spinal cord injury (SCI) was around 54 cases per 1 million population in the U.S in 2019. In the same year the prevalence of SCI was estimated to be around 291,000 number of patients in the U.S.
Lumbar Disc Replacement Device Market – Impact of Coronavirus (Covid-19) Pandemic
The spread of coronavirus is negatively impacting the sales of lumbar disc replacement device market which are majorly used for spine surgeries as many surgeries were cancelled due to COVID-19 pandemic. As of July 2020, in some areas, non-essential orthopedic procedures are now resuming. During the pandemic at its peak in March 2020, the hospitals in Italy that were conducting essential lumbar disc replacement surgery were taking extra safety measures to ensure the safety of patients, doctors and other hospital staff. The patients were tested during the admission and were retested before the surgery.
The global lumbar disc replacement device market is estimated to be valued at US$ 740.3 million in 2020, and is expected to exhibit a CAGR of 13.5% over the forecast period (2020-2027).
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Lumbar Disc Replacement Device Market – Regional Insights
By region, the global lumbar disc replacement device market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is projected to be the most lucrative region for growth of the lumbar disc replacement device market over the forecast period owing expansion that covers multiple indication use for lumbar disc devices in the U.S. For instance, in 2019, Centinel Spine, LLC received additional expanded coverage from North American Spine Society (NASS) to use its prodisc L lumbar artificial disc in clinical indication of lumbar levels L3 to L4. This expansion helps surgeons to provide broader spectrum of treatment options to spinal injury patients.
Asia Pacific lumbar disc replacement device market growth is attributed to growing awareness regarding advanced spine surgeries among the healthcare professionals. Medical conferences conducted on spine surgical techniques in this region that offers platform for researcher, companies, and surgeons to share their insights about techniques of spinal surgeries. For instance, in 2019, the Philippine Spine Society (PSS) and Philippine General Hospital (PGH) organized 5th Association of Southeast Asian Nations (ASEAN) Minimally Invasive Spine Surgical Techniques (MISST) conference, which was held in Manila Hotel, Manila, National Capital Reg, Philippines. The conference was focused on application of minimally invasive techniques in the area of cervical, thoracic, and lumbosacral spine surgeries.
Global Lumbar Disc Replacement Device Market – Competitive Landscape
Major players operating in the global lumbar disc replacement device market include AxioMed, Medtronic, B.Braun Melsungen, Stryker Corporation, DePuy Synthes, NuVasive Inc., Paradigm Spine LLC, and Zimmer Biomet.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Lumbar Disc Replacement Device Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Lumbar Disc Replacement Device Industry Impact
Chapter 2 Global Lumbar Disc Replacement Device Competition by Types, Applications, and Top Regions and Countries
2.1 Global Lumbar Disc Replacement Device (Volume and Value) by Type
2.3 Global Lumbar Disc Replacement Device (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Lumbar Disc Replacement Device Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Lumbar Disc Replacement Device Market Analysis
Chapter 6 East Asia Lumbar Disc Replacement Device Market Analysis
Chapter 7 Europe Lumbar Disc Replacement Device Market Analysis
Chapter 8 South Asia Lumbar Disc Replacement Device Market Analysis
Chapter 9 Southeast Asia Lumbar Disc Replacement Device Market Analysis
Chapter 10 Middle East Lumbar Disc Replacement Device Market Analysis
Chapter 11 Africa Lumbar Disc Replacement Device Market Analysis
Chapter 12 Oceania Lumbar Disc Replacement Device Market Analysis
Chapter 13 South America Lumbar Disc Replacement Device Market Analysis
Chapter 14 Company Profiles and Key Figures in Lumbar Disc Replacement Device Business
Chapter 15 Global Lumbar Disc Replacement Device Market Forecast (2021-2027)
Chapter 16 Conclusions
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