Artificial Disc Market is Expected to Reach US$ 4,012.3Mn by 2025

Posted by venkatakiran on October 2nd, 2019

Global Artificial Disc Market is Expected to Reach US$ 4,012.3Mn by 2025, Surge in R&D for the Development of Newer Products

Analyst Speak:

“The Global Artificial Disc Market is expected to reach US$ 4,012.3 Mn by 2025 owing to growth in R&D for the development of newer products”

The global artificial disc market is expected to reach US$ 4,012.3 Mn by 2025. The factors which are surging the growth of the global artificial disc market are increasing prevalence of osteoporosis in geriatric population and increased number of accidents. Moreover, technological advancements in healthcare sector, collaborations between companies, and frequent FDA approval for newer products is surging the growth of the global artificial disc market. Furthermore, rise in occurrence of degenerative diseases, increasing demand for the minimally invasive surgeries, increase in research and development activities for the launch of newer products expected to bolster the market in the forecast period. On the flip side, expensive devices, high cost of the surgical procedures and unfavorable reimbursement policies in underdeveloped countries are restrict the growth of global artificial disc market.

Global artificial disc market is segmented on the product type, material type, end user, and region.

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Lumbar Discs Dominate the Global Artificial Disc Market

Based on the product type, global artificial disc market is segmented into lumbar disc and cervical disc. Lumbar discs dominated the global artificial disc market due to the increasing prevalence of herniations occurring in the lower back. Symptoms can be felt in the lower back, buttocks, thigh, anal/genital region (via the perineal nerve), and may radiate into the foot and/or toe. The lumbar (lower back) section of the spine bears most of the weight of the body.