Market Scenario:
The artificial disc replacement market is expected to grow during the forecast period (2018–2023) at a CAGR of ~19.6%.
Artificial discs replacement surgery is done to treat back pain. In this medical procedure degenerated intervertebral discs are replaced by artificial discs. It helps to reduce or eliminate the back pain as well as to maintain the spine mobility. Factors propelling the growth of the market are rising occurrence of sports and trauma-related injuries, increasing orthopedic surgeries, and increasing geriatric population. Moreover, increasing spending on research and development and aggressive strategies acquired by top players are contributing to the growth of the market. For instance, in July 2016, Zimmer Biomet acquired LDR holdings for USD 1 billion. This acquisition has added LDR products: Mobi-C cervical disc replacement and Mivo lumbar and cervical fusion device into their portfolio for treating the spine disorders.
Segmentation
The artificial disc replacement market has been segmented on the basis of disc type, location, and material.
On the basis of disc type, the market has been classified as composite discs, elastic discs, mechanical discs and others. The mechanical discs segment has been further divided into maverick discs, kineflex discs, and flex-core discs. The location segment has been further divided into cervical disc replacement and lumbar disc replacement.
The market, by material, has been segmented into metal, biopolymer, mixed and others.
The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The artificial disc replacement market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

Regional Analysis
The Americas are likely to dominate the artificial disc replacement market owing to the well-established healthcare sector, increasing orthopedic surgeries, adoption of advanced technologies and favorable reimbursement policies. For instance, In October 2016, Anthem BlueCross and BlueShield, major players in the health insurance market, started covering the new disc replacement procedures, which includes one- and two-level cervical total disc replacements performed with the Mobi-C.
The European market is expected to be the second-largest Artificial disc replacement market after Americas. Factors propelling the growth of the market in this region are increasing expenditure on healthcare, increasing geriatric population in this region, and favorable government and regulatory policies. For instance, in July 2016, Medtronic received FDA clearance for its Prestige LP Cervical Disc. The device is used to treat cervical disc disease at two adjacent levels between the C3-C7 segments.

Key Players for global wireless health and fitness devices market
Some of the key players in the artificial disc replacement market are Alphatec Spine Inc., Medtronic, DePuy Spine, Stryker, Smith & Nephew Plc, Globus Medical Inc., Aesculap Implant Systems, LLC, NuVasive, Inc., Zimmer Biomet, AxioMed LLC, Joimax GmbH, Orthofix Inc. and K2M Inc
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