The global spinal artificial disc market is expected to reach $4.8 billion by 2025 with a compound annual growth rate of 6.5 percent, according to a report published by Crystal Market Research.
Four takeaways:
1. Cervical artificial disc segment accounted for the highest share of the global market in 2016, while metal on biopolymer segment held the largest share of the market in 2015.
2. The advancement in clinical trial results for the artificial disc is expected to increase demand among surgeons and patients. Conversely, unfavorable reimbursement policies and high costs of devices will negatively impact the market growth.
3. North America dominated the global market in 2016 due to its developed healthcare infrastructure, supportive reimbursement policies, high disposable income, high success rate of artificial disc clinical trials, rising prevalence of degenerative disc diseases and preference for non-invasive procedures.
4. Some of the prominent firms included in the global artificial disc market report are Stryker, Zimmer Biomet Holdings, Medtronic, Aesculap Implant Systems, Globus Medical, DePuy Synthes Spine and NuVasive.
More articles on spine:
Neurosurgeon joins University of Arkansas for Medical Sciences
New Jersey neurosurgeon provides 4 tips to avoid burnout
How spine surgeons maintain high productivity levels