Artificial Disc Market forecast to grow at 21% CAGR from 2016 to 2024: Fractovia.org
The research report “Artificial Disc Market Size By Type (Cervical Artificial Disc, Lumbar Artificial Disc), By Material (Metal on Metal, Metal on Biopolymer), Industry Analysis Report, Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Japan, China, India, Mexico, Brazil, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024�, by Global Market Insights, Inc., Artificial Disc Market size is set to exceed USD 4.5 billion by 2024. Artificial disc market is gaining huge popularity, as the artificial disc replacement technique is proving to be a safe and a better alternative for spiral fusion. Basically, this procedure involves replacing a painful disc with a prosthesis or an artificial disc. Spinal disorders are getting increasingly commonplace subject to sedentary lifestyles, obesity, and a growing aging population. One such potential driver of artificial disc market is the growing prevalence of various degenerative diseases, which is rather frequent in the United States. These disorders are the leading causes of body pain and other ailments. They are often caused due to periodic stress and minor injuries that lead to the spinal disc losing water as the annulus bone weakens.
Technological advancements and product innovation with increasing research and development activities have significantly propelled artificial disc market. There is a growing emphasis on the research of multi-level artificial disc replacement, which is likely to stimulate the ongoing research on artificial disc market. Normally, anterior cervical discectomy and fusion (ACDF) is a popular and most common treatment method for cervical disc degenerative disease. Nevertheless, with the soaring success rates of artificial disc replacement (ADR) operations, a major shift has been observed from the ACDF to ADR treatment method for lumbar and cervical disc replacement. Given below are five key factors that affect the artificial disc industry outlook: With a striking CAGR estimation of 21% from 2016-2024, artificial disc market is set to observe a significant upsurge. As per a report by Global Market Insights, Inc., artificial disc industry stood at USD 770 million in 2015 and is projected to reach 4.5 billion by 2024. Increasing trend of non-invasive medical interventions is likely to accelerate the growth of this industry over the years.
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