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.
Please find the LIST of the 43 main competitors:http://www.thespinemarketgroup.com/category/adr/