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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 & Global Forecast, 2023 - 2032


Published on: 2024-08-01 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

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 & Global Forecast, 2023 - 2032

Artificial Disc Market Size

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

Artificial Disc Market

Surging incidences of degenerative disc diseases across the world are expected to positively impact the 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.
 

COVID-19 Impact

The COVID-19 crisis introduced several challenges in the healthcare sector, including the artificial disc market. It led to a significant decline in the number of artificial disc replacement procedures performed owing to the increasing focus on the treatment of the infected patients. Several government authorities worldwide imposed stringent lockdowns along with trade restrictions, hampering the supply chain. Additionally, the growing concerns associated with the risk of virus transmission within hospital settings negatively influenced the patient willingness toward hospitalization. Furthermore, numerous healthcare facilities delayed non-emergency procedures due to the burgeoning hospitalization rate driven by the pandemic, limiting the requirement for artificial discs.
 

Artificial Disc Market Trends

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.
 

Artificial Disc Analysis

Global Artificial Disc Market Share, By Type

Artificial disc market valuation from cervical artificial discs segment 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.
 

Global Artificial Disc Market Share, By Material, 2022

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )