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MediPoint: Artificial Disc Replacement - Europe Analysis and Market Forecasts

MediPoint: Artificial Disc Replacement - Europe Analysis and Market Forecasts

Summary

Growing aging populations worldwide are driving the expansion of specific disease populations, including degenerative spinal diseases and disorders. As prevalence of these conditions increases, manufacturers are focused on creating innovative and effective treatment solutions for these patient pools. Spinal pathology management has traditionally centered on decompression, correction of deformity, and stabilization. Spinal fusion is currently considered the gold standard in degenerative disc disease treatment, accomplishing both deformity correction and stabilization. However, sequelae associated with a successful fusion procedure have driven attention towards nonfusion technologies, which are expected to challenge the growth of spinal fusion during the forecast period.

European ADR market was estimated at $49.0M in 2016 across the 21 markets (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and the UK) covered in this report. By the end of the forecast period in 2023, it is estimated that the market will grow to approximately $86.3M at a Compound Annual Growth Rate (CAGR) of 8.4%.

Key drivers of the ADR market in the forecast period are -

  • The growing prevalence of degenerative spinal conditions due to the aging population.
  • Advantages over traditional spinal fusion procedures, including motion preservation and reduced likelihood of reoperation.
European ADR market is projected to grow at a CAGR of 8.4% during the forecast period. Germany represented the largest portion of the market in 2016, holding 33.1% of the regional revenue, and is expected to maintain this dominance through the forecast period. Germany is also expected to be the fastest-growing market through 2023, at a CAGR of 9.9%, while the slowest growth will be observed in Greece at a CAGR of 1.8%.

The leading players in the global ADR market are large multinationals with an established presence in the orthopedic and spine markets. DePuy Synthes and Medtronic are the chief players in the space, followed by Globus Medical and Zimmer Biomet. Beyond these major players, the current market includes small- to mid-sized spine companies with ADR products marketed in various geographies, mainly outside the US.

The report MediPoint: Artificial Disc Replacement - Europe Analysis and Market Forecasts focuses on the market outlook for ADR products in Europe (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and UK). The analysis discusses the major drivers and barriers of adoption, and provides an in-depth understanding of the future outlook for this market by segment and geography.

In particular, this report provides the following -
  • Overview of recent key industry events and analysis of their market impact.
  • Annualized total market revenue by type of device, procedure trends, and market outlooks by segment and by country through 2023.
  • Key topics covered include strategic competitor assessment, market characterization, and implications of the emerging technologies in the market.
  • Pipeline analysis: Comprehensive data split across different stages of development, including a discussion of emerging trends and devices in development.
  • Analysis of the current and future market competition in the European ADR market. Insightful review of the key industry drivers, barriers, and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Companies mentioned in this report: DePuy Synthes, Globus Medical, Medtronic, Zimmer Biome

Scope
  • Overview of recent key industry events and analysis of their market impact.
  • Annualized total market revenue by type of device, procedure trends, and market outlooks by segment and by country through 2023.
  • Key topics covered include strategic competitor assessment, market characterization, and implications of the emerging technologies in the market.
  • Pipeline analysis: Comprehensive data split across different stages of development, including a discussion of emerging trends and devices in development.
  • Analysis of the current and future market competition in the European ADR market. Insightful review of the key industry drivers, barriers, and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to buy

The report will enable you to -
  • Develop and design your in-licensing and out-licensing strategies through a review of marketed products and technologies.
  • Develop business strategies by understanding the trends shaping and driving the ADR market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the ADR market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
  • Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
  • Track device sales in country-specific ADR markets from 2014-2023.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.


1 About the Authors 2
2 Table of Contents 3
2.1 List of Tables 5
2.2 List of Figures 5
3 Executive Summary 6
3.1 Overview 6
3.2 Market Dynamics 7
3.3 Key Players in the ADR Market 8
3.4 ADR Market Future Outlook 8
4 Introduction 9
4.1 Catalyst 9
4.2 Related Reports 9
4.3 Upcoming Related Reports 10
5 Market Outlook 11
5.1 Procedure Trends 11
5.2 Pricing Trends 13
5.3 Revenue Trends 15
5.4 Company Share Analysis 16
6 Market Insights 17
6.1 Europe 17
6.1.1 Denmark, Finland, Norway, and Sweden 17
6.1.2 Belgium, France, and Netherlands 17
6.1.3 Germany and Switzerland 18
6.1.4 UK and Ireland 18
6.1.5 Italy, Portugal, and Spain 18
6.1.6 Austria, Czech Republic, Hungary, and Poland 19
6.1.7 Greece, Russia, and Turkey 19
7 Competitive Assessment 20
7.1 Overview 20
7.2 DePuy Synthes (Johnson & Johnson) 21
7.2.1 Overview 21
7.2.2 Portfolio Assessment 21
7.2.3 Competitive Positioning 22
7.3 Globus Medical 22
7.3.1 Overview 22
7.3.2 Portfolio Assessment 23
7.3.3 News and Deals Analysis 23
7.3.4 Competitive Positioning 23
7.4 Medtronic 24
7.4.1 Overview 24
7.4.2 Portfolio Assessment 24
7.4.3 Competitive Positioning 25
7.5 Zimmer Biomet 25
7.5.1 Overview 25
7.5.2 Portfolio Assessment 26
7.5.3 News and Deals Analysis 26
7.5.4 Competitive Positioning 26
7.6 Other Players 27
8 Appendix 28
8.1 Bibliography 28
8.2 Abbreviations 28
8.3 Methodology 29
8.3.1 Overview 29
8.3.2 Coverage 29
8.3.3 Secondary Research 29
8.3.4 Forecasting Methodology 30
8.3.5 Primary Research Summary 31
8.4 About MediPoint 32
8.5 About GlobalData 32
8.6 Contact Us 32
8.7 Disclaimer 33
List of Tables
Table 1: Key Metrics in the Europe ADR Market 6
Table 2: Europe Artificial Discs Volume Forecast, 2014-2023 11
Table 3: Europe Artificial Discs Average Selling Price Forecast ($), 2014-2023 13
Table 4: Europe Artificial Discs Market Revenue Forecast ($M), 2014-2023 15
Table 5: Europe Spinal Nonfusion Company Share Analysis, 2016 16
Table 6: DePuy Synthes - Key Marketed Products Assessment 21
Table 7: Globus Medical - Key Marketed Products Assessment 23
Table 8: Medtronic - Key Marketed Products Assessment 24
Table 9: Zimmer Biomet - Key Marketed Products Assessment 26
Table 10: Summary of Other Players in the ADR Market, 2017 27
List of Figures
Figure 1: ADR Sales for Europe, by Country, 2016 and 2023 7

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