Total Disc Replacement Market Size 2019, Global Industry, Growth, Merger, Share, Key Players, Trends, Revenue, Regional, And Industry Forecast To 2026
Total disc replacement is a type of back/spine surgery that involves replacing a damaged or degenerated disc with an artificial replacement device in the lumbar or cervical region. These implants are inserted into the spine and performed the same function as that of the normal disc in the human body. Prostheses support maintaining spinal curvature and enhance flexibility while reducing the pain. Active reconstruction of a degenerative functional spinal unit is an emerging field in the total disc replacement market.
The growing prevalence of spinal disorder along with the increasing awareness regarding disc replacement among patients is projected to fuel the market growth of disc replacement. Moreover, the benefit associated with minimally invasive surgery is fueling the demand for the procedure is with less tissue disruption of the vertebrae is further expected to boost the market growth.
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By Product Type:
- Cervical Discs Implant
- Lumbar Discs Implant
- Metal on Biopolymer Discs
- Metal on Metal Discs
The metal on the biopolymer segment accounted for the highest market share in 2016, owing to its biocompatibility and increasing interest among pharmacy and medical professionals. The metal on metal artificial disc segment is projected to expand at a high CAGR over the forecast period, due to its low cost.
By End User:
- Orthopedic Clinics
- Market Dynamics
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The total disc replacement market is mainly driven by the increasing geriatric population and rising prevalence of rheumatoid and osteoarthritis around the globe. Other factors such as rising healthcare expenditure and an increase in spine care surgery centers are further projected to fuel the growth of the market for total disc replacement in the foreseeable future.
On the other hand, reimbursement challenges, high cost of implants, lack of trained healthcare workers, and the increasing popularity of intraoperative technology are some of the other factors propelling the market growth.
North America holds a dominant position in the market for total disc replacement, followed by Europe and the Asia Pacific, respectively. The Asia Pacific is projected to be the fastest-growing market, and this can be attributed to developing medical infrastructure, increased spending on health care, medical literacy, and booming medical tourism across emerging economies such as China and India.
The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. Following are the major key players in the market:
Stryker Corporation, De Puy Spine, Inc., Smith & Nephew Plc., Medtronic, Globus Medical, Zimmer Biomet, NuVasive, Inc., Alphatec Spine, Inc., Stryker Corporation, and Aesculap Implant Systems are some of the major players in the global total disc replacement market.
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