CAD Segment Expected to Comprise Nearly €57M of the Overall Europe Motion Preservation Market by 2023
ROCKVILLE, Md., Nov. 22, 2017 /PRNewswire/ — According to Europe Market Report for Spinal Motion Preservation Devices 2017 – MedCore by iData Research, Inc., procedural growth, favorable reimbursement policies, and its use as an alternative to spinal fusion are driving the European cervical artificial disc market. Growth rates will be maintained due to increased adoption rates and patient education. The total artificial disc market represents a growing share of the overall motion preservation device market which includes cervical and lumbar artificial discs as well as dynamic posterior stabilization and interspinous process decompression devices.
Growth of the motion preservation market has been attributed to the continued expansion of the artificial disc market. Growth of the artificial disc market will be further fueled by cervical artificial discs (CADs) due to their simpler approach, favorable clinical results and lower average selling prices (ASPs), along with a favorable reimbursement environment.
“The CAD market grew driven by the more recent emergence of the technology, in addition to the available literature supporting the procedure,” explains Jeffrey Wong, Strategic Analyst Manager at iData Research. “The artificial disc market will continue to exhibit growth due to newer CAD devices, which will increase the prevalence and popularity of artificial discs in the market.”
Spinal Kinetics and DePuy Synthes currently lead the European market for cervical and lumbar artificial discs. DePuy Synthes’ presence is supported by brand recognition and loyalty towards their ProDisc®-L and ProDisc®-C lines of products. However, DePuy Synthes’ position will continue to be challenged with the recent emergence of numerous new products and competitors. Spinal Kinetics continues to make gains in the European market with the M6®-C and M6®-L artificial discs. These devices were the first to replicate the anatomic and biomechanical attributes of a natural intervertebral disc.
Additional competitors include Medtronic, Zimmer Biomet, Paradigm Spine, Globus Medical, Cousin Biotech, Ulrich Medical and SpineVision.
Total Unit Sales, Average Selling Prices, Market Value and Growth Trends are segmented in terms of:
- Total Motion Preservation Device Market
- Artificial Disc Market
- Cervical Artificial Disc Market
- Lumbar Artificial Disc Market
- Dynamic Stabilization Market
- Dynamic Posterior Stabilization Device Market
- Interspinous Process Decompression Device Market
All above analyzed for each of 10 regions in Europe (Germany, France, UK, Italy, Spain, Benelux, Scandinavia, Austria, Switzerland, Portugal).
More information about the report is available at
https://www.marketresearch.com/iData-Research-Inc-v3689/Europe-Spinal-Motion-Preservation-Devices-11005898/
About iData Research
iData Research is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Spinal Implants and VCF, Spinal MIS, Orthopedic Trauma, Large & Small Joints, Wound Management, Orthopedic Soft Tissue, Orthopedic Biomaterials, Orthopedic Soft Tissue Reinforcement and Regeneration, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Orthopedics and more.
We have built a reputation and earned our clients’ trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success.
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