Artificial Disc Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Medtronic, Johnson & Johnson, Globus Medical, Smith & Nephew, Stryker

Acknowledging the kind of traction gained by this market, recently published a study report asserts the Lab Furniture market is expected to reach USD 2247.5 million by 2027, registering a phenomenal CAGR of  12.4% during the review period (2022 to 2027).

Artificial Disc Market Overview

The global artificial disc market is expected to grow at a CAGR of around 12.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are constantly tracking and assessing the direct as well as the accidental effect of the pandemic on dissimilar end use sectors. These insights are included in the report as a major market contributor.An artificial disc is an arthroplasty device that is implanted into the lumbar or cervical spine to imitate the function of injured intervertebral discs. It is composed of two end-plates that are usually made using medical-grade polyethylene, cobalt-chromium or titanium alloy. It is soft and compressible and helps dismiss back pain while retaining movement and flexibility. Nowadays, artificial disc replacement, also known as arthroplasty, is gaining traction over fusion surgical procedures across various regions. Its eligibility is determined by doctors using several tests, such as X-rays, discography, computed tomography (CT) scans and magnetic resonance imaging (MRI).

Artificial discs are segmented into cervical and lumbar artificial discs. Lumbar artificial disc market segment is estimated to witness around 18% CAGR over the forecast period due to rapidly growing geriatric patient pool suffering from orthopaedic diseases. Low back pain (LBP) is one of the major disabilities among the geriatric population that limits functionality and decreases the quality of life. 

Who are the Major Players in Artificial Disc Market?

The global Artificial Disc includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Medtronic, Orthofix Medical Inc., Globus Medical, Aesculap, Inc., NuVasive, Inc., AxioMed LLC, Zimmer Biomet, SpineArt SA, Synergy Spine Solutions, Inc., Centinel Spine

Industry News and Updates:

October 13, 2020: Aesculap, Inc. and Ascendco Health Announce Strategic Partnership

Aesculap, Inc., an industry leader in sterile processing and operating room solutions, is pleased to announce its strategic partnership with Ascendco Health, an emerging health tech company. Combining industry-leading expertise with innovative technology, Aesculap, Inc. powered by Ascendco Health’s proprietary technology provides an unparalleled solution for modernizing surgical operations.

In March 2021:Gleneagles Global Health City has launched an advanced endoscopic spine centre to treat spinal disorders requiring surgery in Chennai, which will cater to the problems of the lower back, facet joint pain, sciatic pain, and neck pain radiating to the hands.

What are the major Applications, Types and Regions for Artificial Disc Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Cervical artificial disc


• Lumbar artificial disc

By Material, it is segmented into

• Metal


• Biopolymer

By Application, it is segmented into

• Hospitals


• Orthopaedic Clinics


• Ambulatory Surgical Centers

Artificial Disc Market Regional Analysis

North America accounted for more than half of the total artificial disc market in 2020 and is expected to increase significantly over the forecast period. The rising prevalence of degenerative disc disorders in the region as a result of the region's high adoption of a sedentary lifestyle will drive the market size. In 2020, demand for artificial discs in the United States was estimated to be approximately USD 820 million. The increase in the number of patients getting disc replacement procedures in the country is due to the increased prevalence of DDD. People will seek new and innovative products as a result of the strong footing of key industry players in the United States, fueling regional market expansion in the future years. Furthermore, partial government backing for disc replacement techniques, which has advantages over traditional methods, will help the artificial disc business flourish in the region.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  • France
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Artificial Disc Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Artificial Disc Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Artificial Disc Market report scope?

Key Takeaways from this Artificial Disc Report

• Evaluate Artificial Disc market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Artificial Disc market entropy - M&A's, deals, partnerships, product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Question -

What is the study period of this market?

The Artificial Disc Market is studied from 2022-2027.

Who are the prime players in the Artificial Disc Market?

Medtronic, Orthofix Medical Inc., Globus Medical, Aesculap, Inc., NuVasive, Inc., AxioMed LLC, Zimmer Biomet, SpineArt SA

Which region held the largest share in the Artificial Disc Market?

United States, Europe, China, Japan, Southeast Asia, India and Rest of World

What are the significant types of Artificial Disc Market?

Cervical artificial disc, Lumbar artificial disc

What are the major end-use applications of Artificial Disc Market?

Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centers