The Global Artificial Disc Market is slated towards a positive market growth owing to factors such as the increasing geriatric population, rising prevalence of degenerative disc disorders, growing number of trauma cases & sports-related injuries, and increasing product development activities, among other factors.
According to the latest report published by DelveInsight Artificial Disc Market Insight, Competitive Landscape & Market Forecast 2027, the global Artificial Disc market is expected to witness appreciable growth in product demand owing to various reasons, one of the major factors influencing the growth of the Artificial Disc market is the new product approvals, and increased awareness regarding available treatments for spine-related disorders.
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Artificial Disc Overview
An Artificial Disc is a prosthetic device that is used in the replacement of diseased vertebrae and substitutes for the functionality of a normal disc in providing load-bearing capacity and allowing for unhindered and painless movement of the spine. For most patients, an Artificial Disc replacement will last an average of 70 years without the need for a revision Artificial Disc replacement. Most Artificial Discs are made of a metal (such as titanium or cobalt-chromium) outer shell with an inside made of medical-grade plastics. However, all Artificial Discs share the same purpose: to replace damaged discs while retaining movement and flexibility.
Artificial Disc Market Insights
North America is expected to occupy a major share in the overall Artificial Disc market during the forthcoming years. This domination can be ascribed to the significant growth factors such as the rising prevalence of the geriatric population, increasing incidence of spinal disorders, rising government initiatives, and increased awareness regarding the disease progression and possible treatments are expected to aid in the growth of North America Artificial Disc Market. Furthermore, high disposable income, healthcare expenditure, new product approvals, and increased awareness regarding available treatments for spine-related disorders also propelled the Artificial Disc market growth in this region. Moreover, the presence of a well-regulated reimbursement channel for spine surgeries and the presence of highly equipped healthcare facilities in Northern America are further expected to drive the North America Artificial Disc market during the forecast period.
For further information about the scenario of the Artificial Disc market in other geographies, visit Artificial Disc Market
Recent Developments in the Artificial Disc Market report:
- In July 2021, Aesculap Implant Systems, LLC announced the long-term reporting from its pivotal trial for the activl® Artificial Disc.
- In April 2021, NuVasive Inc. received the product FDA approval for the Simplify® Cervical Artificial Disc for two-level cervical total disc replacement (cTDR).
- In February 2021, NuVasive Inc. acquired Simplify Medical helping the former expand its product portfolio with the acquisition of the most clinically effective cTDR technology
- In March 2018, Orthofix International N.V acquired Spinal Kinetics LLC which helped Orthofix expand their Spine Fixation product portfolio with the inclusion of the Spinal Kinetics M6™ Artificial Discs.
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Key Players in the Artificial Disc Market
Some of the leading Artificial Disc Market players operating in the Artificial Disc market include Stryker, Zimmer Biomet, DePuy Synthes (Medical Devices Business Services, Inc.), Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine®, LLC, SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.
Artificial Disc Market Dynamics
The Artificial Disc market is slated towards positive market growth due to factors such as the increasing geriatric population, rising prevalence of degenerative disc disorders, a growing number of trauma cases and sports-related injuries, technological advancements, and increasing product development activities. Furthermore, lower back pain is considered one of the chief complaints pointing toward underlying spine-related disorders, increasing the scope of growth for the Artificial Disc market. In addition, to address the shortcomings associated with spinal fusion procedures, spinal non-fusion approaches such as Artificial Discs Replacement are gaining popularity among end-users impacting the growing demand for spinal Artificial Discs in the market globally.
However, on the other hand, limited applicability in patients with advanced bone degeneration and stringent regulatory process for market approval may be certain impeding factors to the Artificial Disc market growth. Also, the sudden outbreak of COVID-19 led to a backlog of surgical procedures and interruption in routine patient care followed by the suspension of routine surgeries during the crisis. Also, many health organizations have canceled routine clinical visits to curb the transmission of the virus.
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Scope of the Artificial Disc Market Report
- Coverage: Global
- Study Period: 2019-2027
- Market Segmentation By Product Type – Cervical and Lumbar
- Market Segmentation By Material Type – Metal-On-Polymer, and Others
- Market Segmentation By End-User– Hospitals and Specialty Clinics
- Market Segmentation By Geography – North America, Europe, Asia-Pacific, and Rest of World
- Key Artificial Disc Companies – Stryker, Zimmer Biomet, DePuy Synthes (Medical Devices Business Services, Inc.), Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine®, LLC, SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
Which MedTech player is set to emerge as the trendsetter explore @ Key Artificial Disc Companies
Table of Contents
|3||Regulatory and Patent Analysis|
|4||Artificial Disc Market Key Factors Analysis|
|5||Porter’s Five Forces Analysis|
|6||COVID-19 Impact Analysis on Artificial Disc Market|
|7||Artificial Disc Market Layout|
|8||Artificial Disc Global Company Share Analysis – Key 3-5 Companies|
|9||Market Company and Product Profiles|
Learn more about the Artificial Discs @ Artificial Disc Regulatory And Patent Analysis
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