Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 677.98 Million | USD 2178.24 Million | 12.38% | 2024 |
The global Artificial Disc Replacement Market size was worth around USD 677.98 Million in 2024 and is predicted to grow to around USD 2178.24 Million by 2034 with a compound annual growth rate (CAGR) of roughly 12.38% between 2025 and 2034. The report analyzes the global artificial disc replacement market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the artificial disc replacement industry.
The report offers an assessment and analysis of the Artificial Disc Replacement Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million).
An artificial disk is also referred to as disc replacement and is an instrument inserted in the spine for imitating normal disc functions such as load carrying & allowing motion. Moreover, artificial discs are categorized into two kinds, namely, disc nucleus replacement and total disc replacement. Apparently, these products are made from biopolymers or metallic materials as well as a blend of both biopolymers and metallic materials. Artificial discs are used for treating chronic pain, back pain, and cervical pain. Additionally, the product is utilized for treating pain not adequately reduced due to non-operative care, including medications and injections.
The growth of the artificial disc replacement market over the assessment period is subject to a surge in a number of trauma-related disorders, sports injuries, and orthopedic surgeries. In addition to this, an increase in technological breakthroughs and a rise in the aging population will steer the size of the artificial disc replacement industry. Furthermore, artificial disc replacement surgical operations are performed on individuals having chronic back pain as a result of degenerated discs. Massive awareness among individuals pertaining to the advantages of artificial disc replacement methods as compared to spinal fusion surgeries will steer the artificial disc replacement industry's growth.
Moreover, artificial disc replacement is a paradigm shift in spinal surgery. For the record, Charite – the first disc implant utilized as a total disc replacement- was created in Germany in 1982. Reportedly, Fernstrom had produced as well as inserted the first cervical artificial disc type in 1966. All such moves have favorably influenced growth in the volume of production & revenue of the artificial disc replacement market.
The rise in degenerative disc disorders has paved the way for the impeccable growth of the artificial disc replacement market. The need for minimal incision surgeries and the launching of multi-level disc replacement methods has drawn an immaculate growth trajectory for the artificial disc replacement market. However, high implantation costs and low reimbursement for disc replacement surgical procedures have decimated the utility of artificial disc replacement methods in surgeries, thereby severely affecting the growth of the market.
Report Attributes | Report Details |
---|---|
Report Name | Artificial Disc Replacement Market |
Market Size in 2024 | USD 677.98 Million |
Market Forecast in 2034 | USD 2178.24 Million |
Growth Rate | CAGR of 12.38% |
Number of Pages | 169 |
Key Companies Covered | Medtronic, Orthofix Medical Inc., Globus Medical, Aesculap Inc., NuVasive Inc., AxioMed LLC, Zimmer Biomet, SpineArt SA, Synergy Spine Solutions Inc., Centinel Spine, Johnson & Johnson, B Braun Melsungen, Evospine, Stryker Corporation, and others. |
Segments Covered | By Material Type, By Indication, By End Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Exhibit Market Growth Over 2022-2028
Growth of the artificial disc replacement market in North America over the next six years can be credited to sedentary life patterns in countries such as the U.S. Increase in market size of the region is due to a rise in the occurrence of disc degenerative disorders in the U.S. and the increment in the proportion of individuals opting for disc replacement over other forms of surgeries. With key players already based in the U.S. and Canada, the market in the region is likely to gain traction in the upcoming years.
Inorganic growth strategies have provided attractive avenues for industry players in terms of both revenue growth and business expansion. Some of them are profiled in our report and include
FrequentlyAsked Questions
The global artificial disc replacement market is expected to grow due to rising prevalence of degenerative spinal disorders, advancements in implant technology, growing demand for minimally invasive surgeries, and an aging population.
According to a study, the global artificial disc replacement market size was worth around USD 677.98 Million in 2024 and is expected to reach USD 2178.24 Million by 2034.
The global artificial disc replacement market is expected to grow at a CAGR of 12.38% during the forecast period.
North America is expected to dominate the artificial disc replacement market over the forecast period.
Leading players in the global artificial disc replacement market include Medtronic, Orthofix Medical Inc., Globus Medical, Aesculap Inc., NuVasive Inc., AxioMed LLC, Zimmer Biomet, SpineArt SA, Synergy Spine Solutions Inc., Centinel Spine, Johnson & Johnson, B Braun Melsungen, Evospine, Stryker Corporation, among others.
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