Artificial Disc Market Drivers, Restraints, Opportunities, and Trends in Coming Years
The global artificial disc market generated the revenue of $1.0 billion in 2017, which is expected to reach $3.4 billion by 2024, at a CAGR of 18.8% during the forecast period (2018–2024).
By: P&S Intelligence
From a little over $1.0 billion in 2017, the artificial disc market (https://www.psmarketresearch.com/
Receive Sample Copy of this Report:https://www.psmarketresearch.com/
Another reason for the rising popularity of disc replacement is its long-term cost benefits compared to spinal fusion. Though the former procedure has more upfront costs than the latter, it has no requirement for follow up surgeries, unlike spinal fusion. According to a recent study by the Texas Back Institute and Rothman Institute, over a 48-month period, the cost of disc replacement is $5,000 less than spinal fusion. This is making the former more preferred among patients, thereby leading to the growing demand for artificial discs.
Make an Enquiry before Purchase: https://www.psmarketresearch.com/
Additionally, cervical total disc replacement (C-TDR) has fared better than anterior cervical discectomy and fusion (ACDF) in surgical trials. LDR Holding Corporation, one of the firms conducting the trials, released the results of a five-year study clinical study, in March 2016, taking into consideration the composite outcome measure for success of the U.S. Food and Drug Administration (FDA). As per the findings, the success rates were 61% for C-TDR and 31% for ACDF. Compared to those who underwent ACDF, those who were treated via C-TDR experienced improvements in their neck disability index (NDI) score.