Overview and Scope
An artificial disc is a medical device used in spinal surgery to replace a damaged or degenerated natural intervertebral disc in the spine. These soft, cushion-like structures between the vertebrae act as shock absorbers, providing flexibility and support to the spine.
Sizing and Forecast
The artificial disc market size has grown rapidly in recent years. It will grow from $2.31 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth in the historic period can be attributed to cost-efficiency and healthcare accessibility, patient preference for motion preservation, regulatory approval and standards, clinical efficacy and long-term outcomes, enhancements in materials science..
The artificial disc market size is expected to see rapid growth in the next few years. It will grow to $5 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to competitive industry landscape, healthcare cost-efficiency, favorable clinical outcomes, preference for motion preservation, rise in minimally invasive procedures.. Major trends in the forecast period include patient-centric care and shared decision-making, advancements in surgical techniques, regenerative medicine approaches, expansion of indications for use, integration of advanced imaging techniques..
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Segmentation & Regional Insights
The artificial disc market covered in this report is segmented –
1) By Type: Cervical Disc, Artificial Disc, Lumbar
2) By Material: Metal And Plastic, Metal
3) By Indication: Spinal trauma, Degenerative spine disease
4) By End User: Hospitals, Specialty Clinics
North America was the largest region in the artificial disc market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial disc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising incidence of spinal cord injuries is expected to propel the growth of the artificial disc market going forward. Spinal cord injuries refer to any trauma, damage, or harm to the spine's structures, including the bones (vertebrae), intervertebral discs, ligaments, muscles, nerves, and other supporting structures. Artificial discs benefit spinal cord injuries as they offer a surgical alternative to spinal fusion, restore normal motion, lessen discogenic back pain, offer flexibility, and prevent possible side effects of fusion surgery. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sporting and recreational spinal cord injuries (SCI) experienced a rise, increasing from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, the rising incidence of spinal cord injuries is driving the growth of the artificial disc market.
Key Industry Players
Major companies operating in the artificial disc market report are Johnson & Johnson, Medtronic plc, Stryker Corporation, Zimmer Biomet Holding Inc., SIGNUS Medizintechnik GmbH, B. Braun SE, Globus Medical Inc., Medacta International SA, Aesculap Inc., NuVasive Inc., RTI Surgical, Exactech Inc., Orthofix Medical Inc., Spineart, VTI - Vertebral Technologies Inc., Life Spine Inc., Spinal Elements, DePuy Synthes, Neuro France Implants, Paradigm Spine LLC, Xenco Medical, Osimplant, Synergy Spine Solutions Inc., Ranier Technology Limited, FH Orthopedics S.A.S, X-spine Systems Inc., Aditus Medical GmbH, AxioMed LLC
The artificial disc market report table of contents includes:
1. Executive Summary
2. Artificial Disc Market Characteristics
3. Artificial Disc Market Trends And Strategies
4. Artificial Disc Market - Macro Economic Scenario
5. Global Artificial Disc Market Size and Growth
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32. Global Artificial Disc Market Competitive Benchmarking
33. Global Artificial Disc Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Artificial Disc Market
35. Artificial Disc Market Future Outlook and Potential Analysis
36. Appendix
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