According to the latest report by IMARC Group, titled “Artificial Disc Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” The global artificial disc market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.1 Billion by 2027, exhibiting a growth rate (CAGR) of 18.4% during 2022-2027.
An artificial disc is an arthroplasty implant used to replace degenerated intervertebral discs in the spinal cord. It is manufactured using surgical-grade stainless steel, titanium, polyethylene and polymer fibers and is implanted into the cervical spine or lumbar. Artificial disks are biocompatible and durable and aid in relieving back pain and increasing mobility. They also act as shock absorbers for the spine and in comparison to spinal fusions, artificial disk replacement is minimally invasive, promotes faster postoperative recovery and offers enhanced flexibility and reduced risks of long-term complications.
Artificial Disc Market Trends:
The increasing prevalence of spinal disorders and degenerative disc disease (DDD) is one of the key factors driving the growth of the artificial disc market. The rising geriatric population, which is more susceptible to such ailments, is also contributing to the growth of the market. Furthermore, patients’ growing preference for minimally invasive surgeries (MIS) has resulted in the widespread use of artificial cervical disks. Other factors, including rising healthcare expenditures, along with various technological advancements, such as the use of innovative imaging and robotic technologies, are favoring the growth of the market.
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Global Artificial Disc Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- B. Braun Melsungen Aktiengesellschaft (B. Braun Holding GmbH & Co. KG)
- Depuy Synthes Inc. (Johnson & Johnson)
- Globus Medical Inc.
- Medtronic plc
- Nuvasive Inc.
- Orthofix Medical Inc.
- Paradigm Spine LLC (RTI Surgical Holdings Inc.)
- Smith & Nephew Plc
- Stryker Corporation and Zimmer Biomet Holdings Inc.
The report has segmented the market on the basis on region, disc type, material type and end user.
Breakup by Disc Type:
- Cervical Artificial Disc
- Lumbar Artificial Disc
Breakup by Material Type:
- Metal on Polymer
- Metal on Metal
Breakup by End User:
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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