MediPoint: Artificial Disc Replacement - Global Analysis and Market Forecasts
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.
Globally, South American ADR market is projected to grow at a CAGR of 12.4% during the forecast period, followed by North America, APAC and Europe at a CAGR of 12.2%, 8.6% and 8.4%. Brazil represented the largest portion of the market in 2016, holding 86.7% of the regional revenue, and is expected to maintain this dominance through the forecast period. Brazil is also expected to be the fastest-growing market through 2023, at a CAGR of 12.9%, while the slowest growth will be observed in Chile at a CAGR of 8.4%.
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 - Global Analysis and Market Forecasts focuses on the market outlook for ADR devices in the 39 markets across North America (Canada, Mexico, and US), Europe (Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, Turkey, and UK), Asia-Pacific (APAC: Australia, China, India, Japan, New Zealand, South Korea, and Taiwan), South America (Argentina, Brazil, and Chile), and the Middle East and Africa (Egypt, Israel, Saudi Arabia, South Africa, and United Arab Emirates). The analysis discusses the major drivers and barriers of adoption and provides an in-depth understanding of physicians’ perceptions and the future outlook for this market by segment and geography, with an overall emphasis on current and future trends in the 39 countries.
In particular, this report provides the following -
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