Market Research Reports- Consulting Analysis Crystal Market Research Artificial Disc Market by Product and Material - G | Page 2

Metal on biopolymer segment held the major share of the global artificial disc market in 2016, due to
rising acceptance among medical professionals because of its improved biocompatibility. Metal on metal
artificial disc segment is anticipated to grow at a double digit CAGR over the forecast period, due to its
low cost as compared to metal on biopolymer artificial disc.
U.S. held a major share of the North American artificial disc market in 2016, owing to the growing
incidence of cervical disc degenerative diseases coupled with high disposable income of the people in the
region. Japan held more than one-fourth share of the Asia-Pacific artificial disc market in 2016. High
disposable income along with sophisticated healthcare infrastructure will contribute to the growth of the
Japanese market.
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Some of the players competing in the artificial disc market are Zimmer Biomet Holdings, Inc., Globus
Medical, Inc., Stryker Corporation, DePuy Synthes Spine, Inc., NuVasive, Inc., Medtronic, LDR Holding
Corporation, and Aesculap Implant Systems, LLC. Product development is the key strategy adopted by
the companies to ensure competitive advantage over other market players. For instance, in July 2016,
Medtronic received FDA approval for Prestige LP Cervical Disc for treatment of cervical disc disorder
which causes spinal cord or nerve compression at adjacent levels between c3 and c7 segments of the neck.
Key Findings of the Research Study:
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Cervical disc segment held over two-third share of the global artificial disc market in 2016 and is
expected to grow at a double digit growth rate over the forecast period as a result of rising
incidence of cervical disc degenerative diseases.
Metal on biopolymer segment held over three-fourth share of the artificial disc market in 2016,
due to its increased acceptance among healthcare professionals.
North America held more than half of the global artificial disc market in 2016, owing to the
presence of advanced infrastructure and large number of disc replacement surgeries performed in
the region due to presence of trained surgeons.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to advances
in healthcare infrastructure and rising incidence of degenerative disc diseases.
UK held a little below one-fourth share of the European artificial disc market in 2016 and will
grow at a double digit growth rate over the forecast period due to increasing geriatric population
and state-of-the-art healthcare infrastructure.
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Artificial Disc Market Segmentation