The increasing prevalence of degenerative disc diseases along with the rising adoption of minimally invasive surgeries are driving the growth of the artificial disc market. Furthermore, the advancements in technology and the development of innovative products are providing opportunities for market expansion.
Industry
Report Coverage | Details |
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Segments Covered | Type, Material, Indication, End-use |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | DePuy Synthes Companies, Stryker, Zimmer Biomet, Globus Medical, NuVasive,, Alphatec Holdings,, Aesculap Implant Systems, LLC, Orthofix Holdings,, AxioMed LLC, Spinal Kinetics,, |
However, the high cost of artificial disc surgeries and the lack of reimbursement policies in developing countries are acting as major restraints for market growth. Additionally, the stringent regulatory approval process for artificial disc devices is hindering the market growth potential.