Artificial Disc Market by Product and Material - Global Industry Analysis and Forecast to 2025

Published On : May 2017 Pages : 95 Category: Medical Devices Report Code : HC051

Industry Trend Analysis

Artificial disc market is expected to be around $4.8 billion by 2025. This is attributed to the development of technologically advanced treatment options, rising prevalence of degenerative disc diseases, and increased inclination for minimally invasive medical interventions. Moreover, an improvement in clinical trial results for artificial disc is set to increase demand among surgeons and patients. On the other hand, unfavorable reimbursement policies and high cost of devices will hamper the market growth.

Product Outlook and Trend Analysis

Cervical artificial disc segment accounted for the highest share of the global market in 2016, due to availability of large number of products for the treatment of cervical disorders and rise in number of surgeries related to cervical artificial discs. Lumbar disc replacement is the most common non-surgical treatment alternative for the people suffering from severe back pain as it helps to gain normal motion with substantial progress in back pain.

Material Outlook and Trend Analysis

Metal on biopolymer segment occupied largest share of the overall market in 2015, due to increased acceptance among healthcare professionals and enhanced biocompatibility. Metal on metal segment is expected to witness high growth rate primarily due to low cost in comparison with metal on biopolymer artificial disc. Additionally, a growing need for cost efficient products in developing nations is further contributing to the segment growth.

Regional Outlook and Trend Analysis

North America dominated the global market in 2016, followed by Europe and Asia-Pacific. This large share is attributed to developed healthcare infrastructure, supportive reimbursement policies, high disposable income, high success rate of artificial disc clinical trials, rising prevalence of degenerative disc diseases, and preference for non-invasive procedures. The United States is the major contributor to the North American artificial disc market and is projected to continue its lead during the forecast period.

Asia-Pacific is poised to grow at the highest CAGR over the forecast period, due to rapidly increasing geriatric population, rising disposable income and improving healthcare infrastructure. China is expected to grow at double digit CAGR from 2017 to 2025, due to huge patient population, growth in medical tourism, and advanced healthcare infrastructure. Japan artificial disc market held major share of the Asia-Pacific market, due to high adoption of advanced products.

Competitive Analysis

Artificial disc market is dominated by key players such as Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic, LDR Holding Corporation, Aesculap Implant Systems, LLC, Globus Medical, Inc., DePuy Synthes Spine, Inc., NuVasive, Inc. Product development and strategic acquisition are the strategies adopted by these players to increase their share and sustain their positions in the global market.

Market Opportunities

The major expansion opportunities for the players in this market lie in the developing countries such as India and China, where there is increasing prevalence of degenerative disc diseases coupled with rapidly aging population, improving healthcare infrastructure, and rising disposable income.

Artificial Disc Market Segmentation

By Product:

  • Lumbar Disc
  • Cervical Disc

By Material:

  • Metal on Biopolymer
  • Metal on Metal

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2016 and forecast from 2017 to 2025?
  • What will be the industry market growth from 2017 to 2025?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Market Classification

  • Artificial Disc Market, By Product, Estimates and Forecast, 2016-2025 ($Million)
    • Cervical Disc
    • Lumbar Disc
  • Artificial Disc Market, By Material, Estimates and Forecast, 2016-2025 ($Million)
  • Metal on Metal
  • Metal on Biopolymer
  • Artificial Disc Market, By Region, Estimates and Forecast, 2016-2025 ($Million)
    • North America
  • North America Artificial Disc Market, By Country
  • North America Artificial Disc Market, By Product
  • North America Artificial Disc Market, By Material
    • U.S. Artificial Disc Market, By Product
    • U.S. Artificial Disc Market, By Material
    • Canada Artificial Disc Market, By Product
    • Canada Artificial Disc Market, By Material
    • Mexico Artificial Disc Market, By Product
    • Mexico Artificial Disc Market, By Material
    • Europe
  • Europe Artificial Disc Market, By Country
  • Europe Artificial Disc Market, By Product
  • Europe Artificial Disc Market, By Material
    • Germany Artificial Disc Market, By Product
    • Germany Artificial Disc Market, By Material
    • France Artificial Disc Market, By Product
    • France Artificial Disc Market, By Material
    • UK Artificial Disc Market, By Product
    • UK Artificial Disc Market, By Material
    • Italy Artificial Disc Market, By Product
    • Italy Artificial Disc Market, By Material
    • Spain Artificial Disc Market, By Product
    • Spain Artificial Disc Market, By Material
    • Rest of Europe Artificial Disc Market, By Product
    • Rest of Europe Artificial Disc Market, By Material
    • Asia-Pacific
      • Asia-Pacific Artificial Disc Market, By Country
      • Asia-Pacific Artificial Disc Market, By Product
      • Asia-Pacific Artificial Disc Market, By Material
        • Japan Artificial Disc Market, By Product
        • Japan Artificial Disc Market, By Material
        • China Artificial Disc Market, By Product
        • China Artificial Disc Market, By Material
        • Australia Artificial Disc Market, By Product
        • Australia Artificial Disc Market, By Material
        • India Artificial Disc Market, By Product
        • India Artificial Disc Market, By Material
        • South Korea Artificial Disc Market, By Product
        • South Korea Artificial Disc Market, By Material
        • Rest of Asia-Pacific Artificial Disc Market, By Product
        • Rest of Asia-Pacific Artificial Disc Market, By Material
    • Rest of the World
      • Rest of the World Artificial Disc Market, By Country
      • Rest of the World Artificial Disc Market, By Product
      • Rest of the World Artificial Disc Market, By Material
        • Brazil Artificial Disc Market, By Product
        • Brazil Artificial Disc Market, By Material
        • South Africa Artificial Disc Market, By Product
        • South Africa Artificial Disc Market, By Material
        • Saudi Arabia Artificial Disc Market, By Product
        • Saudi Arabia Artificial Disc Market, By Material
        • Turkey Artificial Disc Market, By Product
        • Turkey Artificial Disc Market, By Material
        • United Arab Emirates Artificial Disc Market, By Product
        • United Arab Emirates Artificial Disc Market, By Material
        • Others Artificial Disc Market, By Product
        • Others Artificial Disc Market, By Material

Table of Contents

1. Introduction

1.1. Report Description

1.2. Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2. Executive Summary

2.1. Key Highlights

3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Share Analysis

3.3. Market Dynamics

3.3.1. Drivers

3.3.1.1. Technological Advancements to Develop Effective Treatment Options

3.3.1.2. Rising Prevalence of Degenerative Disc Diseases

3.3.1.3. Lower Re-operation Rate

3.3.1.4. Increased Preference for Minimally Invasive Medical Interventions

3.3.2. Restraints

3.3.2.1. Lack of Uniform and Adequate Reimbursement

3.3.2.2. High Procedure Cost

3.3.2.3. Expensive Devices

3.3.3. Opportunities

3.3.3.1. Increase Awareness Among People

3.3.3.2. Improved Healthcare Infrastructure in Developing Nations

3.3.3.3. Rising Medical Tourism

3.4. Industry Trends

3.5. Reimbursement Scenario

4. Artificial Disc Market, By Product

4.1. Introduction

4.2. Artificial Disc Market Assessment and Forecast, By Product, 2016-2025

4.3. Cervical Disc

4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

4.4. Lumbar Disc

4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5. Artificial Disc Market, By Material

5.1. Introduction

5.2. Artificial Disc Market Assessment and Forecast, By Material, 2016-2025

5.3. Metal on Metal

5.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

5.4. Metal on Biopolymer

5.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6. Artificial Disc Market, By Region

6.1. Introduction

6.2. Artificial Disc Market Assessment and Forecast, By Region, 2016-2025 ($Million)

6.3. North America

6.3.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.3.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.3.3.1. U.S.

6.3.3.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.1.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.3.3.2. Canada

6.3.3.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.2.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.3.3.3. Mexico

6.3.3.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.3.3.3.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4. Europe

6.4.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.4.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.1. Germany

6.4.3.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.1.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.2. France

6.4.3.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.2.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.3. UK

6.4.3.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.3.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.4. Italy

6.4.3.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.4.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.5. Spain

6.4.3.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.5.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.6. Russia

6.4.3.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.6.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.4.3.7. Rest of Europe

6.4.3.7.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.4.3.7.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5. Asia-Pacific

6.5.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.5.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.1. Japan

6.5.3.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.1.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.2. China

6.5.3.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.2.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.3. Australia

6.5.3.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.3.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.4. India

6.5.3.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.4.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.5. South Korea

6.5.3.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.5.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.6. Taiwan

6.5.3.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.6.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.5.3.7. Rest of Asia-Pacific

6.5.3.7.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.5.3.7.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.6. Rest of the World

6.6.1. Market Assessment and Forecast, By Country, 2016-2025 ($Million)

6.6.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.6.3.1. Brazil

6.6.3.1.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.1.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.6.3.2. Turkey

6.6.3.2.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.2.2. Market Assessment and Forecast, By Material, 2016-2025 ($Million)

6.6.3.2.3.

6.6.3.3. Saudi Arabia

6.6.3.3.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.4. South Africa

6.6.3.4.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.4.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.4.3.

6.6.3.5. United Arab Emirates

6.6.3.5.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.5.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.5.3.

6.6.3.6. Others

6.6.3.6.1. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

6.6.3.6.2. Market Assessment and Forecast, By Product, 2016-2025 ($Million)

7. Company Profiles

7.1. Globus Medical

7.1.1. Business Overview

7.1.2. Product Portfolio

7.1.3. Key Financials

7.1.4. Strategic Developments

7.2. DePuy Synthes

7.2.1. Business Overview

7.2.2. Product Portfolio

7.2.3. Key Financials

7.2.4. Strategic Developments

7.3. NuVasive

7.3.1. Business Overview

7.3.2. Product Portfolio

7.3.3. Key Financials

7.3.4. Strategic Developments

7.4. Zimmer-Biomet

7.4.1. Business Overview

7.4.2. Product Portfolio

7.4.3. Key Financials

7.4.4. Strategic Developments

7.5. Stryker Corporation

7.5.1. Business Overview

7.5.2. Product Portfolio

7.5.3. Key Financials

7.5.4. Strategic Developments

7.6. Medtronic

7.6.1. Business Overview

7.6.2. Product Portfolio

7.6.3. Key Financials

7.6.4. Strategic Developments

7.7. Aesculap Implant Systems

7.7.1. Business Overview

7.7.2. Product Portfolio

7.7.3. Key Financials

7.7.4. Strategic Developments

7.8. Spinal Kinetics

7.8.1. Business Overview

7.8.2. Product Portfolio

7.8.3. Key Financials

7.8.4. Strategic Developments

7.9. Joimax

7.9.1. Business Overview

7.9.2. Product Portfolio

7.9.3. Key Financials

7.9.4. Strategic Developments


List of Tables

Table 1.Global Artificial Disc Market, By Product ($Million), 2016-2025
Table 2.Cervical Disc, By Region ($Million), 2016-2025
Table3.Lumbar Disc Market, By Region ($Million), 2016-2025
Table 4.Global Artificial Disc Market, By Material ($Million), 2016-2025
Table 5.Metal on Metal Market, By Region ($Million), 2016-2025
Table 6.Metal on Biopolymer Market, By Region ($Million), 2016-2025
Table 7.Artificial Disc Market, By Region, 2016-2025 ($Million)
Table 8.North America Artificial Disc Market, By Country, 2016-2025 ($Million)
Table 9.North America Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 10.North America Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 11.U.S. Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 12.U.S. Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 13.Canada Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 14.Canada Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 15.Mexico Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 16.Mexico Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 17.Europe Artificial Disc Market, By Country, 2016-2025 ($Million)
Table 18.Europe Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 19.Europe Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 20.Germany Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 22.Germany Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 23.France Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 24.France Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 25.UK Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 26.UK Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 27.Italy Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 28.Italy Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 29.Spain Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 30.Spain Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 31.Russia Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 32.Russia Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 33.Rest of Europe Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 34.Rest of Europe Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 35.Asia-Pacific Artificial Disc Market, By Country, 2016-2025 ($Million)
Table 36.Asia-Pacific Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 37.Asia-Pacific Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 38.Japan Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 39.Japan Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 40.China Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 41.China Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 42.Australia Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 43.Australia Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 44.India Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 45.India Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 46.South Korea Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 47.South Korea Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 48.Taiwan Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 49.Taiwan Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 50.Rest of Asia-Pacific Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 51.Rest of Asia-Pacific Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 52.Rest of the World Artificial Disc Market, By Country, 2016-2025 ($Million)
Table 53.Rest of the World Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 54.Rest of the World Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 55.Brazil Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 56.Brazil Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 57.Turkey Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 58.Turkey Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 59.Saudi Arabia Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 60.Saudi Arabia Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 61.South Africa Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 62.South Africa Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 63.United Arab Emirates Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 64.United Arab Emirates Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 65.Others Artificial Disc Market, By Product, 2016-2025 ($Million)
Table 66.Others Artificial Disc Market, By Material, 2016-2025 ($Million)
Table 67.Globus Medical: Key Strategic Developments, 2015-2017
Table 68.Depuy Synthes: Key Strategic Developments, 2015-2017
Table 69.NuVasive: Key Strategic Developments, 2015-2017
Table 70.Zimmer-Biomet: Key Strategic Developments, 2015-2017
Table 71.Stryker Corporation: Key Strategic Developments, 2015-2017
Table 72.Medtronic: Key Strategic Developments, 2015-2017
Table 73.Aesculap Implant Systems: Key Strategic Developments, 2015-2017
Table 74.Spinal Kinetics: Key Strategic Developments, 2015-2017
Table 75.Joimax: Key Strategic Developments, 2015-2017


List of Figures

Figure 1.Global Artificial Disc Market Share, By Product, 2016 & 2025
Figure 2.Artificial Disc Market, By Region, 2016 ($Million)
Figure 3.Artificial Disc Market, By Product, 2016 ($Million)
Figure 4.Artificial Disc Market, By Material, 2016 ($Million)
Figure 5.Globus Medical: Net Revenues, 2014-2016 ($Million)
Figure 6.Globus Medical: Net Revenue Share, By Segment, 2016
Figure 7.Globus Medical: Net Revenue Share, By Geography, 2016
Figure 8.DePuy Synthes: Net Revenues, 2014-2016 ($Million)
Figure 9.DePuy Synthes: Net Revenue Share, By Segment, 2016
Figure 10.DePuy Synthes: Net Revenue Share, By Geography, 2016
Figure 11.NuVasive: Net Revenues, 2014-2016 ($Million)
Figure 12.NuVasive: Net Revenue Share, By Segment, 2016
Figure 13.NuVasive: Net Revenue Share, By Geography, 2016
Figure 14.Zimmer-Biomet: Net Revenues, 2014-2016 ($Million)
Figure 15.Zimmer-Biomet: Net Revenue Share, By Segment, 2016
Figure 16.Zimmer-Biomet: Net Revenue Share, By Geography, 2016
Figure 17.Stryker Corporation: Net Revenues, 2014-2016 ($Million)
Figure 18.Stryker Corporation: Net Revenue Share, By Segment, 2016
Figure 19.Stryker Corporation: Net Revenue Share, By Geography, 2016
Figure 20.Medtronic: Net Revenues, 2014-2016 ($Million)
Figure 21.Medtronic: Net Revenue Share, By Segment, 2016
Figure 22.Medtronic: Net Revenue Share, By Geography, 2016
Figure 23.Aesculap Implant Systems: Net Revenues, 2014-2016 ($Million)
Figure 24.Aesculap Implant Systems: Net Revenue Share, By Segment, 2016
Figure 25.Aesculap Implant Systems: Net Revenue Share, By Geography, 2016
Figure 26.Spinal Kinetics: Net Revenues, 2014-2016 ($Million)
Figure 27.Spinal Kinetics: Net Revenue Share, By Segment, 2016
Figure 28.Spinal Kinetics: Net Revenue Share, By Geography, 2016
Figure29.Joimax: Net Revenues, 2014-2016 ($Million)
Figure 30.Joimax: Net Revenue Share, By Segment, 2016
Figure 31.Joimax: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country