Artificial Disc Replacement Market Size, Share, Growth Report 2030

Introduction

The global Artificial Disc Replacement Market accrued earnings worth approximately 502 (USD Million) in 2021 and is predicted to gain revenue of about 1,090 (USD Million) by 2028, is set to record a CAGR of nearly 11.8% over the period from 2022 to 2028. The report offers 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).

Artificial Disc Replacement Market: Overview

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 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.

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Artificial Disc Replacement Market: Growth Dynamics

Growth of artificial disc replacement market over assessment period is subject to surge in number of trauma-related disorders, sports injuries, and orthopedic surgeries. In addition to this, increase in technological breakthroughs and rise in aging population will steer size of 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 advantages of artificial disc replacement methods as compared to spinal fusion surgeries will steer artificial disc replacement industry growth.

Moreover, artificial disc replacement is a paradigm shift in spinal surgery. For record, Charite – first disc implant utilized as total disc replacement- was created in Germany during 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 volume of production & revenue of artificial disc replacement market. Rise in degenerative disc disorders has paved the way for impeccable growth of artificial disc replacement market. Need of minimal incision surgeries and launching of multi-level disc replacement methods has drawn immaculate growth trajectory for artificial disc replacement market. However, high implantation costs and low reimbursement for disc replacement surgical procedures has decimated utility of artificial disc replacement methods in surgeries, thereby severely affecting growth of market.

Report Scope:

Artificial Disc Replacement Market: Regional Landscape

North American Market To Exhibit Market Growth Over 2022-2028

Growth of 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 rise in occurrence of disc degenerative disorders in the U.S. and increment in 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 upcoming years.

Competitive Insights

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 Centinel Spine, Synergy Spine Solutions, Inc., SpineArt SA, Orthofix Medical Inc., NuVasive, Inc., Zimmer Biomet, Aesculap, Inc., AxioMed LLC, Globus Medical, Inc., and Medtronic plc.

The global Artificial Disc Replacement Market is segmented as follows:

By Material Type

• Metal-on-metal
• Metal-on-biopolymer

By Product Type

• Cervical Artificial Disc
• Lumbar Artificial Disc

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa