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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
An artificial disc is an arthroplasty device that is implanted into the lumbar or cervical spine to imitate the function of damaged intervertebral discs. It is composed of two endplates that are generally made using medical-grade polyethylene, cobalt-chromium or titanium alloy. It is soft and compressible and helps relieve back pain while retaining movement and flexibility. Nowadays, artificial disc replacement, also known as arthroplasty, is gaining traction over fusion surgical procedures across various regions. Its eligibility is determined by doctors using several tests, such as X-rays, discography, computed tomography (CT) scans and magnetic resonance imaging (MRI).
Artificial Disc Market Trends:
The rising prevalence of degenerative disc disease (DDD), along with the growing geriatric population and increasing adoption of minimally invasive surgery (MIS), represents one of the key factors impelling the global artificial disc market growth. Moreover, rising awareness about the benefits of arthroplasty, along with reimbursements provided by insurance companies, is escalating the demand for artificial discs. Apart from this, governments of several countries are improving healthcare infrastructure and encouraging medical tourism, which represents another growth-inducing factor bolstering the market growth. However, due to the mass spread of the coronavirus disease (COVID-19), governments of numerous countries have imposed lockdowns and are encouraging social distancing measures. As a result, several medical centers have postponed non-essential arthroplasty procedures, which has impacted the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global artificial disc market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on 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
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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.
|Base Year of the Analysis
||Disc Type, Material Type, End User Region
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the global artificial disc market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global artificial disc market?
- What are the key regional markets?
- What is the breakup of the market based on the disc type?
- What is the breakup of the market based on the material type?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global artificial disc market and who are the key players?
- What is the degree of competition in the industry?