According to the latest report by IMARC Group, titled “Artificial Disc Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” the global artificial disc market expected to grow at a CAGR of around 10% during the forecast period (2022-2027).
Artificial Disc Industry Definition and Application:
An artificial disc is an arthroplasty implant used to replace degenerated intervertebral discs in the spinal cord. It is manufactured using surgical-grade stainless steel, titanium, polyethylene and polymer fibers and is implanted into the cervical spine or lumbar. Artificial disks are biocompatible and durable and aid in relieving back pain and increasing mobility. They also act as shock absorbers for the spine and in comparison to spinal fusions, artificial disk replacement is minimally invasive, promotes faster postoperative recovery and offers enhanced flexibility and reduced risks of long-term complications.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Artificial Disc Market Trends and Drivers:
The increasing prevalence of spinal disorders and degenerative disc disease (DDD) is one of the key factors driving the growth of the artificial disc market. The rising geriatric population, which is more susceptible to such ailments, is also contributing to the growth of the market. Moreover, the increasing preference for minimally invasive surgeries (MIS) among patients has led to the widespread adoption of artificial cervical disks. Other factors, including rising healthcare expenditures, along with various technological advancements, such as the use of innovative imaging and robotic technologies, are favoring the growth of the market.
Global Artificial Disc Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis on region, disc type, material type and end user.
Breakup by Disc Type:
Breakup by Material Type:
Breakup by End User: