Artificial Disc Market – Global Industry Analysis and Forecast (2023-2029)

Artificial Disc Market is expected to grow at a CAGR of 18.4% during the forecast period and the market size is expected to reach nearly US$ 8.66 Bn by 2029.

A rising incidence of degenerative diseases and increasing preference for minimally invasive surgical procedures should drive Artificial Disc Market size. Low re-operation rate associated with artificial discs coupled with better clinical trials results compared to fusion techniques should also boost industry growth. Product innovation and technological innovation, along with increasing research activities for multi-level artificial disc should propel market growth. High device cost, stringent regulatory guidelines and lack of uniform reimbursement policies for disc replacement, should restraint artificial disc industry growth.To know about the Research Methodology :- Request Free Sample Report

Growing healthcare expenditure, supportive reimbursements, and increasing disposable income are projected to drive the Artificial Disc Market in the U.S. High success rate of artificial disc replacements are also spurring market growth. In addition, the prevalence of degenerative disc disease and demand for non-invasive procedures are likely to augment the market. The growth in the industry is expected to be majorly led by product and technological innovations, increasing incidence of degenerative disc diseases, rising propensity for minimal incision surgeries, better clinical trial results with cervical total disc replacement (C-TDR) compared to anterior cervical discectomy and fusion (ACDF), long-term cost benefits of disc replacement over spinal fusion procedures, surging geriatric population, and rising healthcare expenditure.Cervical discs held over 65% of Artificial Disc Market share in 2022.

Growing number of surgeries and the availability of a number of products should lead the industry expansion. The rising per capita income is likely to increase the affordability of patients for expensive surgical procedures, including artificial disc replacement surgeries. According to the World Bank, the GDP per capita of India increased from $1,345.8 in 2010 to $1,709.4 in 2022. A similar trend has been observed for other developing countries, such as Papua New Guinea, the Philippines, and Indonesia, which is contributing to the growth of the Asia-Pacific Cervical disc market.

North America Artificial Disc Market accounted for the highest revenue in 2022 and is projected to grow at a significant rate during the forecast period. U.S. Artificial Disc Market was the highest Artificial Disc Market share in North America. Higher disposable income along with increasing healthcare expenditure should spur business growth. Presence of advanced facilities for disc replacement surgeries, trained surgeons, and favorable reimbursement policies will also contribute to regional growth.

Maximize Market Research has comprehensively analyzed the Artificial Disc Market emphasizing on each segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario. The report classifies Artificial Disc Market into various segments such as Type, Applications, and Regions providing a thorough understanding of the Artificial Disc Ecosystem. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Artificial Disc Market.

The objective of the report is to present comprehensive North America Artificial Disc Market  including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The report also helps in understanding North America Artificial Disc Market  North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the North America Artificial Disc Market  North America for Asia Pacific   size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the North America Artificial Disc Market  North America for Asia Pacific make the report investor’s guide
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Global Artificial Disc Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 2.65 Bn.


Forecast Period 2023 to 2029 CAGR:
18.4%
Market Size in 2029:
US $ 8.66 Bn.


 Segments Covered:
by Type
Cervical Artificial Disc
Lumbar Artificial Disc


by Material
Metal on Metal
Metal on Biopolymer


by Application
Hospitals and Clinics
Ambulatory Surgery Centers
Others


by Indication
Spinal trauma
Degenerative spine disease



Artificial Disc Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Artificial Disc Market, Key Players are
1.AxioMed LLC
2.Simplify Medical Inc.
3.K2M Inc.
4.Spinal Kinetics Inc.
5.Globus Medical Inc.
6.   Johnson & Johnson
7. B. Braun Melsungen AG
8. Zimmer Biomet Holdings Inc.
9. Medtronic PLC.
10. Nuvasive Inc.
11. Stryker Corporation
12. Aesculap Implant System, LLC
13. Alphatec Spine Inc.
14. Smith & Nephew
15. Orthovita Inc.
16. Synthes Holding AG
17. LDS Spine
18. De Puy Spine
19. Audubon
20. Joimax GmbH
21. Orthofix Inc.

Frequently Asked Questions:

1. Which region has the largest share in Global  Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global  Market?
Ans: The Global  Market is growing at a CAGR of 18.4% during forecasting period 2023-2029.

3. What is scope of the Global  market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global  market?
Ans: The important key players in the Global Market are – AxioMed LLC, Simplify Medical Inc., K2M Inc., Spinal Kinetics Inc., Globus Medical Inc., Johnson & Johnson, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Medtronic PLC., Nuvasive Inc., Stryker Corporation, Aesculap Implant System, LLC, Alphatec Spine Inc., Smith & Nephew, Orthovita Inc., Synthes Holding AG, LDS Spine, De Puy Spine, Audubon, and Joimax GmbH

5. What is the study period of this market?
Ans: The Global  Market is studied from 2022 to 2029.