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Artificial disc replacement is an emerging procedure that replaces the function of a damaged or diseased spinal disc. It is as an alternative to spinal fusion for the surgical treatment of severe disc problems. Herniated disc, bone spurs, spondylosis, or radiculopathy are to relieve pinched nerves causing pain that has been unrelieved by conservative measures. Spinal columns are replaced with artificial devices in the lumbar (lower) or cervical (upper) spine. During the procedure, the damaged disc is removed and the area around the bone is cleaned of any debris. The bone is also filed to make room for the artificial disc. The disc is then inserted into the space. Once secure and the soft tissues of the neck are in place, the incision is closed. The procedure is used to treat chronic, severe low back pain and cervical pain resulting from degenerative disc disease.

Growing health care expenditure, supportive reimbursements, and increasing disposable income are projected to drive the market in the U.S. High success rate of artificial disc replacements is also spurring market growth. In addition, the prevalence of degenerative disc disease and demand for non-invasive procedures are likely to augment the market. An absence of standardized reimbursement as well as high cost of the procedure and devices are the major restraints of the market.

Based on type, the artificial discs market can be divided into two segments: cervical and lumbar. The cervical segment accounted for over 65% of total revenue by 2024. The lumbar segment drew in with high growth rate million in 2015 as per historical revenue.

In terms of material, the artificial discs market can be segmented into metal on biopolymer and metal on metal artificial disc. The metal on biopolymer segment accounted for over 85% market share in 2015. The segment is expected continue to dominate the market from 2017 to 2025 due to biocompatibility and increasing interest among pharma and medical professionals. The metal on metal artificial disc segment is likely to expand at a high CAGR due to low cost.

Based on end-user, the global artificial disc market can be segmented into hospitals, clinics, home care settings, and others. The others segment comprises facilities such as ambulatory surgical centers, and nursing homes.

Geographically, North America is the largest market for artificial disc replacement, followed by Europe and Asia Pacific. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on health care, and growing medical tourism in developing nations such as China, Japan, and India in this region. Artificial disc replacement growth is significantly high in the U.S. and Mexico compared to other countries due to fast disease progression technology, highest prevalence, better health care infrastructure, good economic growth, high insurance payer, developing and expending private health care sector, and increased awareness among people due to educational background. The global artificial disc market is projected to witness strong by 2025. The U.S. is expected to dominate the artificial disc market till 2025. Germany accounted for over 20% of the market in Europe in 2015, and is estimated to record high growth rate.

Major players in the global artificial disc market include Audubon, Globus Medical, DePuy Synthes, NuVasive, Inc., Zimmer Biomet, Stryker Corporation, Medtronic, and Aesculap Implant Systems.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Artificial Disc Market