A prominent research firm, Cognizance Market Research added a cutting-edge industry report on the Global Prosthetic Disc Nucleus Market “. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2022 to 2030.
Global Prosthetic Disc Nucleus Market Analysis:
According to cognizance market research, the global prosthetic disc nucleus market was valued at US$ 103.7 Million in 2022 and is anticipated to reach US$ 204.5 Million by the end of 2030 with a CAGR of 8.9% from 2023 to 2030.
What is the Global Prosthetic Disc Nucleus Market?
The prosthetic disc nucleus is designed to help treat patients suffering from degenerative disc disease. The device consists of a hydrogel core that is encased in a polyethylene jacket and is intended to restore disc height while permitting a normal range of motion.
Clinical trials for the prosthetic disc nucleus were first conducted in 1996, and the device was found to be effective in most of the patients who were implanted.
Additional trials in 1997–1998 were less successful, with 38% of patients requiring revision surgery because of device migration. Subsequent changes were made to device shapes and to the surgical protocol to facilitate implantation, thereby eliminating the high device migration rates.
The global prosthetic disc nucleus market is being driven by an increase in the prevalence of spine disorders globally, an increase in the global geriatric population, and a high demand for minimally invasive surgeries globally.
Prosthetic discs are a potential solution for people who suffer from spinal stenosis or overcrowding of the spinal canal. These are surgically implanted to increase spinal canal space and relieve pressure on nerves that emerge from the spine. A prosthetic disc nucleus is a device that is inserted between two vertebrae to hold them together. It is common for discs in the neck or lower back to need replacement due to ageing or injury
Global Prosthetic Disc Nucleus Market Outlook:
The global prosthetic disc nucleus market includes a complete examination of critical variables such as growth-promoting factors, important difficulties, and opportunities that will influence market trends throughout the forecast period. It provides the required information and extensive research to assist in building the best company plan and determining the best path for market players to achieve the greatest growth. It thoroughly examines the industry’s geographical environment while placing a significant emphasis on key criteria such as overall sales, revenue, growth rate, and the industry’s expected future for the major regional markets.
A number of approaches are utilized in the Global Prosthetic Disc Nucleus Market study studies and analysis to offer accurate and comprehensive market information. Further information about each topic is then provided to assist the reader in understanding its potential for growth and position in the global market. To gather data for the publication, the researchers employed both primary and secondary sources. The current market environment was built on the same facts. The purpose of this research is to provide readers with a deeper, better, and more comprehensive understanding of the market.
Global Prosthetic Disc Nucleus Market Segment Analysis:
Market Size by Product Type: This section focuses on product type segments, discussing production value market share, price, and production market share by product type.
Market Size by Application: It provides a study on the consumption in the global Prosthetic Disc Nucleus Market by application in addition to an overview of the global Prosthetic Disc Nucleus Market by application.
Production by Region: This section provides information on the production value growth rate, production growth rate, import and export, and key players in each regional market.
Global Prosthetic Disc Nucleus Market Geographical Analysis:
The worldwide prosthetic disc nucleus market has been divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The regions are classified as main nations and sub-regions.
Due to the presence of a large number of players and the increased prevalence of spine injury, North America is expected to hold the majority of the global Prosthetic Disc Nucleus (PDN) Market. Approximately 80% of Americans experience back pain at least once in their lives and for many people spinal disorders are a lifelong problem. The personal and monetary costs associated with this widespread problem are staggering. The degeneration of spinal discs is one of the most common causes of back pain and spinal disorders. Disc degeneration is painful and frequently difficult to treat. The use of artificial discs is one of the most promising surgical options currently under development.
The report offers the revenue of the global prosthetic disc nucleus market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year, and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate CAGR 7.4% for the global prosthetic disc nucleus market for the forecast period. The global prosthetic disc nucleus market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the global prosthetic disc nucleus market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the global prosthetic disc nucleus market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the global prosthetic disc nucleus market.
Secondary research involved a detailed analysis of significant players’ product portfolios. Literature reviews, press releases, annual reports, white papers, and relevant documents have been also studied to understand the Global Prosthetic Disc Nucleus Market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segments included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the Global Prosthetic Disc Nucleus Market. These indices serve as valued tools for present market players as well as for companies interested in participating in the Global Prosthetic Disc Nucleus Market. The subsequent section of the Global Prosthetic Disc Nucleus Market report highlights the USPs, which include key industry events (product launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenarios.
Global Prosthetic Disc Nucleus Market Competitive Landscape:
This report profiles major players in the global prosthetic disc nucleus market based on a variety of criteria, including company overview, financial overview, product portfolio, business strategies, and recent developments.
The global prosthetic disc nucleus market is highly consolidated, with a few players controlling the vast majority of the market share. Some of the market’s major players include:
The prosthetic disc nucleus market can be segmented based on various factors such as:
Global Prosthetic Disc Nucleus Market, by Type:
Global Prosthetic Disc Nucleus Market, by End-users:
Global Prosthetic Disc Nucleus Market, by Region:
It was Valued at US$ 103.7 million in 2022.
It is projected to reach more than US$ 204.5 Million by 2030.
It is anticipated to be 8.9% from 2023 to 2030.
Trend: Personalized medicine and patient-specific implants have gained traction. Customized prosthetic disc nucleus devices tailored to an individual’s anatomy may offer improved outcomes.
Driver: Aging Population, Increasing Spinal Disorders, Patient Demand for Improved Mobility, Advancements in Healthcare Infrastructure, etc.
Opportunities: Global Expansion, Collaboration and Innovation, Healthcare Cost Reduction, etc.
Challenges: Regulatory Hurdles, Reimbursement Issues, Long-Term Efficacy, Competitive Market, etc.
Stryker Corporation, Zimmer Biomet Holdings Inc., DePuy Synthes (Johnson & Johnson), NuVasive Inc., Orthofix International N.V., Replication Medical Inc.
Prosthetic Disc Nucleus Market
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