Artificial Disc Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The artificial disc market was valued at USD 1.9 billion in 2022, and a CAGR of 18.1% is expected during the forecast period. Artificial discs are used to treat degenerative disc disease in the spine. They replace damaged discs, aiming to restore mobility and function while reducing pain. These implants mimic the natural motion of spinal discs, allowing patients to maintain flexibility and movement.

The artificial disc market is driven by factors such as an aging population, an increasing prevalence of degenerative disc diseases, advancements in technology, demand for minimally invasive surgeries, and the pursuit of improved patient outcomes and faster recovery times, which are driving significant growth in the market. Expanding awareness among patients and healthcare professionals is driving the growth of the market significantly. Developing healthcare infrastructure and rising disposable income are the reasons behind the market's significant growth.

Impact of Covid-19

The COVID-19 market initially led to a slowdown in elective surgeries, impacting the artificial disc market. Delays in procedures, reduced patient visits, and the prioritization of urgent cases affected market growth. However, there was an increasing focus on less invasive surgeries and innovative healthcare solutions post-pandemic, which led to a rebound in the demand for artificial discs. The adoption of telemedicine and remote consultation has influenced patient awareness and interest in these advanced treatments. Increasing awareness among people post-pandemic about health issues is the key reason behind the growth of this market. The increasing geriatric population worldwide is driving the growth of the market significantly.

Growth Drivers

·         Rising Incidences of Spinal Disorders

·         Technological Advancements

·         Increasing Health Awareness

·         Preference for minimally Invasive procedures

·         Increasing geriatric population

·         Healthcare infrastructure, and development

·         Increasing awareness about the benefits of artificial disc implant

Rising awareness about degenerative disc diseases and spine-related disorders drives the demand for artificial disc implementation. Ongoing technological innovations, such as improved material and design for artificial discs, contribute to better patient outcomes and encourage their adoption. Growing preferences for minimally invasive surgeries, due to reduced recovery time needed, shorter hospitals stays, and lower complication rates boost the growth in the market.

Increasing aging populations worldwide contribute to the increasing prevalence of spine-related issues, which is driving the growth of the market significantly. Greater awareness among patients and doctors regarding the artificial disc implant supports the growth of the market. Advancement in healthcare infrastructure, and advanced surgical techniques are driving the growth in the market. Government initiatives for improving healthcare infrastructure are also driving the growth in the North American market and the European market significantly during the forecast period.

Segmentation

Disc Type

·         Cervical

·         Lumbar

Material Type

·         Metal on Metal

·         Metal on Polymer

Indication

·         Spinal Trauma

·         Degenerative Spine Disease

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Artificial Disc Type Segmentation

On the basis of type, the artificial disc market is segmented into cervical and lumbar. The lumbar artificial disc is the leading segment due to the higher prevalence of disc-related issues and the greater number of disc replacement surgeries. Performed in the lumbar region compared to the cervical region. However, due to advancements in technologies, changes in surgical approaches, and evolving patient preferences, the market dynamics do change at times. Cervical discs are designed to maintain motion and stability in the neck. These devices aim to mimic the function of the natural disc, allowing for movement and stability in the neck while providing relief from conditions like degenerative disc diseases.

Artificial Disc Material Type Segmentation

On the basis of material segmentation, the market is divided into two types: metals on metals and metals on polymer segments. Metals on metals are those segments that are entirely made of metals. It is the leading segment. Metals on polymers indicate those with a combination of metal and polymer materials in their composition.

Artificial Disc Market Indication Segmentation

On the basis of indication, the artificial disc market is segmented into spinal trauma and degenerative spine diseases. Spinal trauma refers to injuries affecting the spinal cord, vertebrate, or surrounding tissues due to an accident, falls, or other traumatic events. These injuries vary widely in severity, ranging from minor fractures to severe spinal cord damage, which results in paralysis or loss of sensation. Treatment involves stabilizing the spine, surgery in some cases, and rehabilitation to help regain function and mobility. Degenerative spine diseases are conditions that affect the spine and its structure, often causing pain, stiffness, and reduced mobility. Common degenerative spine diseases include:

Degenerative Disc Diseases

Spinal Stenosis

Spondylosis

Herniated Disc

Regional Outlook

On the basis of the regions, the artificial disc market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The United States of America and Canada have robust healthcare infrastructure and a solid footprint of healthcare facilities. Due to the increasing awareness of people and increasing disposable income, North America will be the leading segment in the market during the forecast period. The artificial disc market in Europe and the Asia-Pacific region has shown considerable growth due to increasing cases of spinal disorders. And technological advancements in healthcare. In these regions, various companies are actively involved in developing innovative artificial disc technologies to address spinal issues and enhance patient outcomes.

Regulatory changes, healthcare infrastructure development, and ongoing research and development activities are driving the growth of the market. The increasing aging population and increasing awareness among patients as well as doctors are increasing the growth of this market. China and India, the two most populous countries in the world, are among the biggest markets worldwide. The Latin America region is witnessing moderate growth due to poor healthcare infrastructure in comparison to North America and European countries. Brazil and Argentina are showing significant growth with the passage of time.

Key Players

·         Globus Medical

·         Medtronic Plc

·         Centinel Spine

·         Zimmer Biomet

·         B. Braun Melsengen

·         Orthofix Medical

·         NuVasive INC

·         Aesculap INC

·         Spine Art S.A.

·         AxioMed LLC

·         Other Players