Artificial Disc Market Size By Type (Cervical Artificial Disc, Lumbar Artificial Disc), By Material (Metal on Metal, Metal on Biopolymer), Industry Analysis Report, Regional Outlook (US, Canada, UK, Germany, France, Spain, Italy, Japan, China, India, Mexico, Brazil, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Published Date: March 2017 | 105 Pages | Report ID: GMI1183 Report Format: PDF
Artificial Disc Market size was over USD 770 million in 2015, with expectations to grow at over 21% from 2016 to 2024.
Germany Artificial Disc Market Size, By Type (USD million)
Rising incidence of degenerative diseases and increasing preference for minimally invasive surgical procedures should drive artificial discs 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.
Artificial Discs Market, By Type
Cervical discs held over 65% of artificial disc market share in 2015 and is expected to witness more than 22% CAGR over the coming years. Growing number of surgeries and availability of number of products should lead the industry expansion.
Lumbar disc replacement has emerged as most popular non-surgical treatment option among the people with severe back pain. The procedure allows normal motion with significant improvement in back pain as compared to other fusion surgeries opted for treatment of backache.
Artificial Discs Market, By Material
Metal on Biopolymer held more than 85% of market share in 2015 and is expected to witness robust growth from 2016 to 2024 owing to its improved biocompatibility and increased acceptance among medical professionals.
Metal on Metal artificial disc market was valued at USD 72 million in 2015 and is expected to witness over 20% CAGR. The cheaper price compared to metal on biopolymer artificial disc and increasing need for affordable products in emerging economies should fuel growth.
Artificial Disc Market, By Region
US artificial disc market was valued at over USD 360 million in 2015 and is expected to witness above 22% over the forecast years. 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.
APAC is expected to witness 24% CAGR and continues to remain the highest growth contributor to the global market. Emerging economies such as China and India will drive the regional market growth. Improvements in healthcare infrastructure coupled with growing prevalence of degenerative disc diseases will spur industry growth.
UK artificial disc industry share held over 22% of the 2015 regional revenue, with expectations to witness over 19% CAGR from the base year. Soaring geriatric population, state-of-art healthcare infrastructure and increasing disposable income should drive industry expansion.
Competitive market share
Some of the key industry players include Medtronic, Globus Medical, Depuy Spine, NuVasive, Zimmer-Biomet, Stryker Corporation and Aesculap Implant System. New product launches and strategic mergers and acquisitions remains the most commonly adopted business strategies by industry participants. For instance, LDR Holding acquired Zimmer-Biomet in 2013 to launch Mobi-C. The product rapidly captured a considerable business share of the US cervical artificial discs market.
Artificial Disc Market, Industry Background
Back pain is one the most commonly encountered health complaint in a general physician’s practice. Lifestyle changes, aging population and obesity are amongst the primary reasons for rising incidences of various degenerative disorders. In the United States, Degenerative Disc Diseases (DDD) is the leading cause of pain. DDD is the manifestation of the changes in the nucleus pulposus and the anulus fibrosis due to aging.
Anterior cervical discectomy and fusion (ACDF) is the most commonly chosen treatment procedure for cervical disc degenerative disease. However, the success of Artificial disc replacement (ADR) surgeries and artificial discs for cervical and lumbar is creating a great shift from ACDF to ADR. The technological advancements in artificial discs enabled better rotational and translational movements, long-term stability of implant, minimal incision surgery and improved QALY (Quality adjusted life year).
Charite artificial disc was first US FDA approved metal on polyethylene device for lumbar artificial disc replacement. The success of the device brought many other players into the market. Since 2005, the metal on biopolymer artificial disc market has witnessed a rapid growth. Prestige, a metal on metal disc, manufactured by Depuy Synthes, was one of the first approved device for cervical disc replacement. Flexible polyurethane/ polyethylene allowed better motion and shock absorption. The metal on polyethylene device makes the insertion of the device easier, thus gaining greater acceptance among medical professionals.
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