The Global Slip Disc Market is expected to grow at the CAGR of ~5.4% during the forecast period and is estimated to reach USD 11,011.3 million by 2023.
The global Slip Disc market is growing moderately and it is expected to grow at the same pace over the forecast period 2017-2018. Increasing number of patients suffering from slip disc is key factor for the market growth. According to the Agency for Healthcare Research and Quality of the U.S. Department of Health & Human Services, 23% of low back pain affect patients over 65 years of age.
Increasing number of treatments and growing awareness are also key drivers for the market growth. Rising demand for advanced diagnostic medical devices and drugs, especially from emerging economies of Asia Pacific is another key factor for the market growth. Growing aging population is also one of the important drivers for the market growth. Approximately one-third of adults over the age of 20 show signs of slip disc.
Key players for global Slip Disc market:
Some of the key players in this market are: Captiva Spine, Inc. (US), DePuy Synthes Companies (US), GlaxoSmithKline plc (UK), Globus Medical, Inc. (US), NuVasive, Inc. (US), Pfizer Inc. (US), and TEVA Pharmaceutical LTD (Israel).
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Regional analysis of global Slip Disc market:
Considering the global scenario of the market, the Americas hold the largest share in the global slip disc market. In the American market North America is one of the leading markets which is expected to reach 4,542.8 million in 2023. Some other factors such as increasing cases of spinal injuries plays an important role in market growth. Latin America market is also growing significantly, lumbar herniated disc market is expected to hold the largest market share in this market.
Due Increasing funding for research and new product development, European region is also expected to grow significantly during the forecast period. Europe is the second largest market and holding around 31.0% market share in global slip disc market. Availability of advanced diagnostic and treatment facilities, skilled medical professionals, high healthcare expenditure and adoption of new therapies are driving the growth for this market.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.5 Market Structure
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3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
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