DUBLIN--(BUSINESS WIRE)--The "MediPoint: Artificial Disc Replacement - Asia-Pacific Analysis and Market Forecasts" report has been added to Research and Markets' offering.
Asia-Pacific (APAC) ADR market was estimated at US$20.8M in 2016 across the seven markets (Australia, China, India, Japan, New Zealand, South Korea, and Taiwan) covered in this report. By the end of the forecast period in 2023, it is estimated that the market will grow to approximately US$37.1M at a Compound Annual Growth Rate (CAGR) of 8.6%.
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.
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.
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.
Key Topics Covered:
1 About the Authors
2. Tables & Figures
3. Executive Summary
5. Market Outlook
6. Market Insights
7. Competitive Assessment
- DePuy Synthes (Johnson & Johnson)
- Globus Medical
- Zimmer Biomet
For more information about this report visit https://www.researchandmarkets.com/research/rt6873/medipoint
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Related Topics: Orthopedic Devices