Healthy spinal discs have a cushion and a joint between the adjacent vertebrae. When the discs deteriorate, the vertebrae space narrows while compressing and pinching nearby nerves. In order to relieve the pain and discomfort caused by the compression, the collapsed disc can be replaced with an artificial disc that replicates a healthy disc function. The procedure is termed cervical artificial disc replacement. The prestige cervical disc is a stainless steel surgical implant that is made to treat patients suffering from degenerative disc disease (DDD) of the cervical spine. The implant is inserted into the affected disc space of the neck, acting like a joint, ball-and-trough design that allows the variable center of rotation. The disc is designed for better replication of the natural functioning cervical spine motion.
MARKET SCOPE
The "Global Prestige Cervical Disc Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the prestige cervical disc market with detailed market segmentation by product, end user, and geography. The report provides key statistics on the market status of the leading prestige cervical disc market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on product, the global prestige cervical disc market is segmented into metal-on-metal, metal-on-polymer and others.
-On the basis of end-users, the market is bifurcated into hospital, clinic and others.
MARKET DYNAMICS
Drivers
-Increasing incidences of degenerative disc disease and the rising aging population drive the prestige cervical disc market.
-Increasing funding for the development of noble spinal implants and improving healthcare infrastructure fuel the market growth.
-Increasing technological advancements propel market growth.
Restraints
-Complications associated with prestige cervical disc surgery.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The prestige cervical disc market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the prestige cervical disc market in these regions.
IMPACT OF COVID-19 ON PRESTIGE CERVICAL DISC MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. During the pandemic outbreak, the market faced disruptions due to various restrictive measures being imposed worldwide and a decreased patient pool. In order to prevent infection transmission, all non-urgent and elective surgical procedures were canceled or postponed. Moreover, due to proximity during a surgical procedure, the cross-transmission of COVID-19 infection was very high, i.e., from doctors to other patients and the surroundings. Hence, only emergency procedures were allowed. Although, the market may witness slow growth in the future after the removal of restrictive measures.
MARKET PLAYERS
The report covers key developments in the prestige cervical disc market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from prestige cervical disc market are anticipated to have lucrative growth opportunities in the future with the rising demand for prestige cervical disc in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the prestige cervical disc market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Medtronic Plc.
-Zimmer Biomet Holdings, Inc.
-NuVasive Inc.
-B. Braun Melsungen
-Orthofix Holdings, Inc.
-Globus Medical Inc.
-Simplify Medical
-Centinel Spine
-Alphatec Spine Inc.
-Stryker Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.