Artificial Disc Market Size and Growth Rate:
As per the research analysts at Research Cosmos, the Size of the Global Artificial Disc Market expected to reach USD 4.8 billion by 2025, with a CAGR of 6.5% from 2018 to 2025.
Artificial Disc Market Overview:
Artificial disc replacement is an emergent procedure that replaces the function of a damaged or diseased vertebral disc. It is an alternative to spinal fusion for the surgical treatment of severe disc problems.
Artificial Disc Market – Growth Drivers and restrains:
The increasing prevalence of orthopaedic diseases in developed and developing economies is the key factor that will drive the artificial disc market during the forecast period. Degenerative disc disease (DDD) is often attributed to vertical or bipedal locomotion that exerts mechanical stress on the spine. A high adoption of the sedentary lifestyle associated with a growing number of baby boomers worldwide, subject to various musculoskeletal diseases, will accelerate the growth of the artificial disc market. Increasing people's awareness of the benefits of the disc replacement procedure compared to spinal fusion surgeries will further accelerate the growth of the sector.
Increasing the awareness of people at the forefront of the vertebral discs, together with the high demand for minimally invasive surgery, will be another key factor that will drive the growth of the market. The development of advanced products such as the multi-level artificial disc will boost its adoption in patients with problems with two consecutive spinal discs. In addition, the total cervical disc replacement procedure (C-TDR) was clinically superior in almost all clinical trial settings compared to anterior cervical discectomy and fusion. This will increase the adoption of disc replacement among the patient population, thus stimulating the growth of the market.
The cost of total disc replacement procedures is high and, therefore, unaffordable in developing economies. In addition, the amortization plan for artificial discs varies geographically. The high personal expenses required for artificial disc replacement procedures could hinder the growth of the sector in the coming years.
Artificial Disc Market – Regional Presence:
Depending on the geographic region, the global artificial disc marketis classified into seven key regions, namely North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and Middle East & Africa.North America dominated this industry, with an income share of 52.0% in 2017, will generate lucrative growth during the forecast period. The increasing prevalence of degenerative disc disease due to a sedentary lifestyle is the main factor that will increase the size of the market. In addition, the established presence of key industry players in the region will eventually increase the availability of new advanced devices among users, which will result in the US market for artificial discs in the immediate future.
The market in the Asia-Pacific region is expected to publish a CAGR of 24.0% during the forecast period. The increase of the geriatric population vulnerable to various musculoskeletal diseases, such as chronic low back pain, will greatly contribute to the expansion of the industry. Moreover, increasing treatment affordability, developments in healthcare infrastructure, and growing demand for advanced spine products will boost the Asia Pacific artificial disc industry growth in coming years.
Some of the Prominent Companies leading the Global Artificial Disc Market Profiled in the Report are:
- Stryker Corporation
- Zimmer Biomet Holdings, Inc
- LDR Holding Corporation
- Aesculap Implant Systems, LLC
- Globus Medical, Inc
- DePuy Synthes Spine, Inc
- NuVasive, Inc
The Research Report segments the Artificial Disc Market into the following submarkets and Forecast 2025
Artificial Disc Market - By Product:
- Lumbar Disc
- Cervical Disc
Artificial Disc Market - By Material:
- Metal on Biopolymer
- Metal on Metal
Artificial Disc Market – By Region:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa