Artificial Disc Market to grow at 21% CAGR from 2016 to 2024

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Cervical Artificial Disc Market to surpass USD 3
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Artificial Disc Market

• Technological breakthroughs coupled with rise in
  research activities for treating degenerative
  disc ailments will push artificial discs market
  size. In addition to this, reduction in
  re-operation costs related to artificial discs
  will further push the industry trends.
• High occurrence of disc degenerative ailments
  along with the rise in disc surgeries is
  anticipated to influence business expansion.
  Furthermore, the growing demand for minimally
  invasive surgeries is another strong factor
  expected to fuel the product demand over the
  years to come.
• Cervical artificial discs and Lumbar artificial
  discs are the two major types of artificial
  discs. Cervical artificial discs, which accounted
  for 65 of artificial discs industry share in
  2015, will witness a high surge over the years to
  come.

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Continued...

• Increase in disc operations along with easy
  availability of cervical artificial discs will
  favorably impact the business.
• Lumbar disc replacement is highly popular
  treatment alternative among the patients
  suffering from severe back pain problems. Lumbar
  artificial discs market, having collected USD 240
  million in 2015, is expected to witness high
  surge over the coming seven years, driven by its
  extensive demand across developed countries such
  as the U.S.
• U.S. artificial discs market, estimated at USD
  360 million in 2015, is expected to exceed USD 2
  billion by 2024. Beneficial compensation
  policies, high investments in the healthcare
  sector, and rise in per capita income are few of
  the key factors projected to drive the revenue.
• Improved healthcare facilities and rising demand
  for advanced products is expected to propel Japan
  artificial discs industry size over the coming
  timeframe, having contributed over 25 of the
  overall revenue in 2015.

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Continued...

• Low cost of disc replacement along with high
  investments across the healthcare sector is
  anticipated to drive Germany market revenue over
  the next few years.
• China artificial discs industry is projected to
  grow at a rate of 24 over the coming period of
  2016-2024, driven by economic development,
  inexpensive surgeries, and rapidly expanding
  medical tourism sector.
• UK, which accounted for 22 of Europe industry
  share in terms of revenue, is projected to
  register an annual growth rate of 19 over the
  coming seven years. Rise in purchasing capacity,
  increasing aging population base, and enhanced
  healthcare infrastructure facilities are expected
  to drive the regional growth.
• India artificial discs market is also expected to
  grow considerably over the coming timeframe,
  owing to high occurrence of degenerative disc
  disorders in the region.

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Germany Artificial Disc Market Size, By Type (USD
million)
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