The global artificial disc market is expected to grow between 2017 and 2023 due to the increasing geriatric population and prevalence of osteoporosis, according to a market report by Precision Business Insights.
1. The rising incidence and prevalence of degenerative diseases and the increasing demand for minimally invasive surgeries, lower re-operation rate and improved clinical trial results might fuel the global artificial disc market growth between 2017 and 2023.
2. Innovation, development for new products and increased research and development activities for multi-level artificial discs might boost the artificial disc market over the forecast period.
3. North America is expected to hold the largest share in the artificial disc market. The Asia Pacific artificial disc market is expected to grow significantly due to the major rise in the geriatric population of India and China. Increasingly prevalent degenerative diseases, along with development of healthcare infrastructure and an increase in medical tourism in the APAC region may also bolster the artificial disc market there.
4. Medical device companies are using collaborations, acquisitions and mergers to increase revenue share in the global artificial disc market.
5. Some of the key players in the global artificial disc market include Medtronic, Globus Medical, DePuy Synthes, NuVasive, Zimmer Biomet, Stryker, Aesculap Implant System, Alphatec Spine, Smith & Nephew, Orthovita, Synthes, LDS Spine and Spinal Kinetics.
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