Global Artificial Discs Market, By Types (Cervical Disc, Artificial Disc, Lumbar, Artificial Disc), Applications (Hospitals, Ambulatory Surgical Centers) – Industry Trends and Forecast to 2029.
Artificial Discs Market Analysis and Size
According to the Global Burden of Disease, low back pain, which is estimated to impact 540 million people globally at any given moment, is the most significant cause of disability in the world. Additionally, low back pain contributed to 60.1 million disability-adjusted life years in 2015, 54 percent from 1990, with the most significant increases occurring in low- and middle-income nations. The main reasons driving the artificial disc market are the rising prevalence of degenerative spine disorders because of the ageing population, the increasing demand for minimal surgical treatments, and technological developments in artificial discs.
Data Bridge Market Research analyses that the artificial discs market which was USD 2.09 billion in 2021, would rocket up to USD 7.91 billion by 2029, and is expected to undergo a CAGR of 18.10% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Artificial Discs Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Types (Cervical Disc, Artificial Disc, Lumbar, Artificial Disc), Applications (Hospitals, Ambulatory Surgical Centers)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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AxioMed LLC (U.S.), Simplify Medical, Inc. (U.S.), Stryker (U.S.), Orthofix (U.S.), Globus Medical (U.S.), Johnson & Johnson Services, Inc (U.S.), B. Braun Melsungen AG (Germany), Zimmer Biomet (U.S.), Medtronic (Ireland), LDR Holding Corporation (U.S.), NuVasive, Inc. (U.S.), joimax GmbH (Germany), VTI - Vertebral Technologies, Inc (U.S.), K2M, Inc (U.S.), RTI Surgical (U.S.) and SYNERGY SPINE SOLUTIONS INC. (Canada)
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Market Opportunities
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Market Definition
An arthroplasty device called an artificial disc is implanted into the cervical or lumbar spine to mimic the function of injured intervertebral discs. It consists of two endplates, which are often constructed of titanium alloy, cobalt-chromium, or medical-grade polyethylene. It is supple and compressible, allowing for movement and flexibility while also reducing back strain.
Artificial Discs Market Dynamics
Drivers
- Rising prevalence of orthopaedic illnesses
The main driver of artificial disc market revenue throughout the forecast period would be the rising prevalence of orthopaedic illnesses in both developed and developing nations. Frequently, upright and bipedal walking, which places mechanical stress on the spinal column, is to blame for degenerative disc disorders (DDD).
- Growing knowledge of technologically sophisticated spinal discs
Another important factor that will fuel the expansion of the artificial disc industry is the public's growing knowledge of technologically sophisticated spinal discs and the rising desire for minimally invasive procedures. Patients with problems at two successive spinal discs will be encouraged to use advanced goods like the Mobi-C multi-level artificial disc.
Opportunities
Additionally, a clinical investigation showed that the cervical-total disc replacement (C-TDR) technique was practically always clinically better to anterior cervical discectomy and fusion. This will increase the number of patients with disc replacement procedures, accelerating market expansion.
Restraints/Challenges
The lack of reimbursement for disc replacement and high cost of implants will obstruct the market's growth rate. However, the high out-of-pocket costs associated with artificial disc replacement procedures could impede market expansion in the years to come.
This artificial discs market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the artificial discs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Artificial Discs Market
The COVID-19 epidemic had a positive impact on the companies' sales. Lockdowns arising from the COVID-19 epidemic forced people to put off getting their health checked, reducing the amount of tests performed and reagent sales. In the covid times the demand of artificial discs increases rapidly.
Recent Development
- In April 2021, The NuVasive Simplify Cervical Artificial Disc (Simplify Disc) was approved for two-level cervical complete disc replacement by the US Food and Drug Administration (FDA).
- In March 2021, Gleneagles Global Health City opened an advanced endoscopic spine centre in Chennai to treat spinal illnesses requiring surgery. This facility will address issues with the lower back, facet joint discomfort, sciatic pain, and neck pain that radiates to the hands.
Global Artificial Discs Market Scope
The artificial discs market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Cervical Artificial Disc
- Lumbar Artificial Disc
Application
- Hospitals and Clinics
- Ambulatory Surgery Centers
- Others
Artificial Discs Market Regional Analysis/Insights
The artificial discs market is analysed and market size insights and trends are provided by country, product type, application as referenced above.
The countries covered in the artificial discs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the artificial discs market due to high adoption of sedentary lifestyle.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the large population which makes it lucrative in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The artificial discs market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global artificial discs market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial discs market. The data is available for historic period 2010-2020.
Competitive Landscape and Artificial Discs Market Share Analysis
The artificial discs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to artificial discs market.
Some of the major players operating in the artificial discs market are:
- AxioMed LLC (U.S.)
- Simplify Medical, Inc. (U.S.)
- Stryker (U.S.)
- Orthofix (U.S.)
- Globus Medical (U.S.)
- Johnson & Johnson Services, Inc (U.S.)
- B. Braun Melsungen AG (Germany)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- LDR Holding Corporation (U.S.)
- NuVasive, Inc. (U.S.)
- joimax GmbH (Germany)
- VTI - Vertebral Technologies, Inc (U.S.)
- K2M, Inc (U.S.)
- RTI Surgical (U.S.)
- SYNERGY SPINE SOLUTIONS INC. (Canada)
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