global lumbar disc replacement devices market

1. Market - Overview The global lumbar disc replacement devices market size was valued US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029). Lumbar disc replacement is a spine surgery that involves replacing a damaged or degenerated disc of the spine with an artificial lumbar disc replacement device in the lumbar region. It helps treat lower back pain. Get Free SAMPLE : https://www.datamintelligence.com/download-sample/lumbar-disc- replacement-devices-market View Full Report : https://www.datamintelligence.com/research-report/lumbar-disc- replacement-devices-market# Market Dynamics Rising awareness among healthcare professionals about advanced spine surgeries is expected to drive market growth. The Philippine Spine Society (PSS) and the Philippine General Hospital (PGH) co-hosted the 5th Association of Southeast Asian Nations (ASEAN) Minimally Invasive Spine Surgical Techniques (MISST) conference in Manila, National Capital Region, Philippines, in 2019. The focus of the meeting was on the utilization of minimally invasive procedures in cervical, thoracic, and lumbosacral spine surgery. Moreover, Robotic guidance can help with more accurate implant placement within the coronal plane and lower radiologic exposure, according to a small case series of anterior LTDR operations. Compared to intraoperative fluoroscopy alone, this technology adds only a few minutes to the total operational duration. Navigation can also be employed to help with orientation in locations that are difficult to see and posterior decompression of the spinal canal, lateral recess, and neural foramen. Robotic navigation systems are likely to improve the accuracy of anterior lumbar disc space navigation in the future. Thus, the market is expected to drive in the forecast period from the above statements. Fewer Risks associated with lumbar disc replacement are expected to hamper the market growth. Lumbar artificial disc replacement surgery is an alternative to spinal fusion for treating disc-related low back pain and other symptoms. Lumbar disc replacement, like all operations, comes with some risks. Unlike normal lumbar fusion surgery, disc replacement necessitates more access to the spine. As a result, it's a risky process. For instance, the potential risks of this surgery include infection of the artificial disk or the area around it, dislocation or dislodging of the artificial disk, narrowing of the spine (stenosis) because of the breakdown of spinal bones and blood clots in the legs due to

2. decreased activity. Thus, the market is expected to hamper the forecast period from the above statements. Industry Analysis Porter’s Five Forces: Supply Chain Analysis: COVID-19 Impact Analysis The COVID-19 pandemic has moderately impacted healthcare systems and the market. With the outbreak of the COVID-19 pandemic, the American College of Surgeons and the Centers for Disease Control and Prevention in the United States suggested that nonemergency treatments be postponed until the public health issue is resolved. The pattern of work from home and online classes has taken hold, which is now the new normal, following the COVID proper behavior and the idea of social separation. In addition to bone health difficulties, restricted and limited physical activities are causing spine health issues. Continuous sitting in front of a laptop or other gadget has an adverse effect on spinal health, resulting in back discomfort, neck pain, and other neurological difficulties. If not treated early, it can become a significant condition in the long run. Moreover, Non-essential orthopedic treatments have resumed in some locations as of July 2020. During the peak of the epidemic in March 2020, hospitals in Italy performing necessary lumbar disc replacement surgery took special precautions to guarantee the safety of patients, surgeons, and other hospital personnel. The patients were tested and then tested again before surgery during their stay. Additionally, the pandemic is interrupting the supply chain, and many companies will vary to other geographic regions in the future to ensure that products remain available and protect their supply chain. Thus, the COVID-19 pandemic has affected the market. Segment Analysis Metal-on-Biopolymer segment is expected to hold the largest market share in lumbar disc replacement devices market The metal-on-biopolymer segment is expected to dominate in 2020. The segment growth is attributed because this device is more compatible, has a higher degree of rotation and flexibility in the spine, and is easier to place. Thus, the market segment is expected to hold the largest market share in the forecast period. Geographical Analysis

3. North America region holds the largest market share in the global lumbar disc replacement devices market In 2020, North America accounted for the highest revenue share. The increasing number of people with lower back pain, key players in the market are focusing on raising funds for the development of lumbar disc replacement devices, increasing demand for lumbar disc replacement devices, an expansion that includes several indications for the use of lumbar disc devices approval in the United States and well-established healthcare system are some of the factors the market is expected to boost in the forecast period. For instance, In 2019, around 39 percent of adults in the United States stated they had experienced back pain within the past three months. Back pain is more common among older adults, and non-Hispanic whites are more likely to report back pain than any other race or ethnicity. Moreover, Companion Spine has raised US$55 million in a Series A investment round for the development and commercialization of its minimally invasive diagnostic and therapeutic solutions for the treatment of degenerative disc disease (DDD) and lumbar spine stenosis in the United States and globally. Therefore, it has increased the demand for lumber disc replacement devices. Thus, the North American region is expected to hold the largest market share in the forecast period from the above statements. View Full Report : https://www.datamintelligence.com/research-report/lumbar-disc- replacement-devices-market Competitive Landscape Major key players in the lumbar disc replacement devices market are AxioMed, Zimmer Biomet, DePuy Synthes, Stryker Corporation, B.Braun Melsungen, LDR Holding Corporation, Spineart and Orthofix US LLC. Enquiry Before Buying : https://www.datamintelligence.com/enquiry/lumbar-disc-replacement- devices-market About US DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world. For more information:

4. Sai Kiran Sales Manager at DataM Intelligence Email: info@datamintelligence.com Tel: +1 877 441 4866 Website: www.datamintelligence.com