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Artificial Disc Market Size, By Type (Cervical Artificial Disc, Lumbar Artificial Disc), By Material (Metal-on-metal, Metal-on-polymer), Indication (Spinal Trauma, Degenerative Spine Disease), End-use (Hospitals, Specialty Clinic, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI1183
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Statistics

Artificial Disc Market size crossed USD 1.6 billion in 2022 and is anticipated to exhibit over 3% CAGR from 2023-2032. Growing demand for cervical-total disc replacement is expected to complement the market expansion.

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Surging incidences of degenerative disc diseases across the world are expected to positively impact the artificial disc market dynamics. According to Medicare, the rate of prevalence of spine degeneration is more than 25% in the U.S., with a higher incidence rate in women as compared to men. The rising geriatric population represents a massive patient pool with unmet healthcare needs associated with back pain driven by musculoskeletal aging. For instance, according to the National Commission on Population, the elderly population in India is expected to account for 18% of the total population by 2036.

High cost of implants may impede demand for artificial discs

The rising costs of implants and the lack of reimbursement are among the key roadblocks hindering the artificial discs market growth. The increasing sophistication of technologies used in medical devices and implants adds to the cost of these products. For instance, a cervical total disc replacement (CTDR) implant costs between USD 9,000 to USD 12,000. However, advancements in CTDR devices for the treatment of cervical diseases and adequate training for surgeons for proper handling of the medical equipment will enhance the industry scope.

Surging preference for cervical disc replacements for limited post-surgical complications to bolster market progress

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Artificial disc market valuation from cervical artificial discs is poised to surpass USD 1.5 billion by 2032. Cervical disc replacement procedures are extensively performed as an alternative to spinal fusion for faster recovery after replacement. The growing concerns associated with post-surgery risks of spinal fusion has accelerated the patient preference for cervical artificial disc replacement procedures. This type of disc replacement method offers less recovery time, better results than fusion, long-lasting results, and low risk of reoperation at the same/different cervical level. Additionally, the rising incidence rate of cervicogenic headaches caused by problems in the upper cervical spine will proliferate the demand for artificial discs.

Emerging demand for metal-on-metal materials to positively influence industry development

Authors: Rupali Swain, Subodh Kharad

Frequently Asked Questions (FAQ) :

Global market for artificial disc crossed USD 1.6 billion in 2022 and is anticipated to exhibit over 3% CAGR from 2023-2032.
Cervical artificial discs is poised to surpass USD 1.5 billion by 2032 due to benefits such as faster recovery, low-cost and long-lasting effects.
North America artificial disc market is estimated to surpass USD 1.3 billion by 2032 driven by the growing geriatric population in the U.S.
AxioMed LLC, Globus Medical Inc., KM Inc., Medtronic PLC, NuVasive Inc., Paradigm Spine LLC, Spineart SA, Stryker, and Zimmer Biomet are some of the major manufacturers of artificial discs.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 14
  • Tables & Figures: 181
  • Countries covered: 30
  • Pages: 125
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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