USD 2.09 billion
Report ID:
SQMIG35A2626 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Artificial Disc Market size was valued at USD 2.64 Billion in 2023 and is poised to grow from USD 2.97 Billion in 2024 to USD 7.63 Billion by 2032, growing at a CAGR of 12.5% during the forecast period (2025-2032).
The increasing prevalence of degenerative disc diseases worldwide is anticipated to have a favorable impact on the situation. Medicare reports indicate that the rate of spine degeneration is over 25% in the United States, with a higher incidence among women compared to men.
The growing population of elderly individuals presents a significant group of patients with unfulfilled healthcare requirements related to back pain caused by age-related musculoskeletal issues. As an example, the National Commission on Population projects that the elderly population in India will comprise 18% of the total population by 2036.
The market is anticipated to develop as a result of an increase in orthopedic operations, sports injuries, and trauma-related injuries. The NFL Physicians Society estimates that 1.2 million injuries related to football occur each year.
The market is also expected to expand as a result of the world's aging population and growing use of technology. The market for artificial discs is expected to experience growth due to the growing utilization of artificial discs and an increasing number of artificial disc replacement procedures as a viable long-term therapeutic solution.
The DISC Surgery Center in California, U.S., achieved a significant milestone in April 2022 by successfully completing its 1000th artificial disc replacement procedure.
This accomplishment marked a significant benchmark for the institution, as 98% of patients reported satisfactory care after the surgery. The increasing demand for disc replacement surgeries, coupled with the higher success rates of artificial discs compared to traditional spinal implants, is expected to fuel market growth.
US Artificial Disc Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.09 billion
Largest Segment
Cervical
Fastest Growth
Cervical
Growth Rate
12.5% CAGR
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The global artificial disc market is segmented on the type, material type and region. By type, the market is segmented into cervical and lumbar. By material type, the market is segmented into metal on metal, metal on polymer. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Artificial Disc Market Analysis by Type
The cervical disc segment accounted for the majority of revenue share, surpassing 50%. It is projected to maintain its dominant position and exhibit the highest CAGR during the forecast period. This significant market share can be attributed to the increasing incidence of disc degeneration cases specifically in the cervical discs compared to the lumbar discs. Additionally, the availability of a wide range of products for artificial cervical disc replacement is expected to further propel the growth of this segment.
lumbar disc procedures are that they do not require bone fusion, resulting in a shorter recovery period compared to other spinal procedures. This factor is anticipated to have a positive impact on the overall market growth. Furthermore, ongoing technological advancements and research in this field are likely to contribute to the growth of the lumbar disc replacement segment throughout the forecast period.
Artificial Disc Market Analysis by Material Type
In 2022, the metal polymer material type segment dominated the market, capturing over 64% of the revenue share. Most of the cervical total disc replacement implants currently approved by the FDA in the U.S. utilize variations of metal alloy-based inferior and superior prosthetic endplates that articulate with a central core made of medical-grade plastic. The combination of metal and plastic in artificial disc replacement procedures has shown a high overall success rate, which further drives the growth of the market.
The metal-on-metal segment is anticipated to demonstrate the highest (CAGR) of 13%. This growth can be attributed to the increasing focus on research activities within this segment, driven by the potential of metals to address long-term wear. However, despite the significant opportunities in this segment, it currently holds the second-largest market share primarily due to product recalls.
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In 2022, North America emerged as the leading region in terms of revenue share, surpassing 48%. This substantial share can be attributed to the presence of key players and technologically advanced hospitals in the United States and Canada. The region benefits from a high level of research and development activities, robust reimbursement systems, and a large patient pool. The United States, in particular, has been at the forefront of adopting artificial disc technologies.
Due to its large aging population and high frequency of spinal problems, which led to an increase in the number of disc replacement surgeries, Europe had the fastest rising market share. For instance, Germany alone witnessed 17.2 million surgeries, including intestinal, spinal, endoscopic surgeries, and hip implant surgeries, contributing to the region's overall share.
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Artificial Disc Market Drivers
Aging Population
Artificial Disc Market Restraints
Product Recalls And Safety Concerns
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These companies are actively involved in the research, development, and production of artificial disc implants, striving to improve patient outcomes and meet the growing demand for disc replacement surgeries worldwide. Their competitive strategies include product innovation, mergers and acquisitions, collaborations, and geographic expansion to maintain a strong market position in the global artificial disc market.
Artificial Disc Market Top Player’s Company Profiles
Artificial Disc Market Recent Developments
Increasing Preference For Non-Fusion Alternatives
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, the global artificial disc market is experiencing robust growth. The market is driven by factors such as the increasing prevalence of degenerative disc diseases, rising preference for non-fusion alternatives, advancements in materials and designs, growing adoption of minimally invasive techniques, and expanding healthcare infrastructure in developing regions. The cervical disc replacement segment holds the largest revenue share, driven by a rising number of disc degeneration cases, while the metal-on-metal segment is expected to register the fastest growth due to ongoing research activities in this area. Overall, the global artificial disc market presents significant opportunities for market players, fuelled by technological advancements, regulatory developments, and increasing demand for advanced spinal treatments.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.64 Billion |
Market size value in 2032 | USD 7.63 Billion |
Growth Rate | 12.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Artificial Disc Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Artificial Disc Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Artificial Disc Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Artificial Disc Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2626
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