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 Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationArtificial 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.
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.
| Report Attribute | Details |
|---|---|
| Base Year | 2019 |
| Artificial Disc Market Size in 2019 | USD 1.6 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 3.1% |
| 2032 Value Projection | USD 2.2 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 125 |
| Tables, Charts & Figures | 181 |
| Segments covered | Type, Material, Indication, End-use, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
COVID-19 Impact
The COVID-19 pandemic hit the healthcare world hard, and the market for artificial discs was no exception. With all the attention going to treating people who were sick with the virus, surgeries to replace discs in people's backs and necks took a big hit. Governments around the globe locked down, which made it tough to get the supplies needed for these procedures. On top of that, people were nervous about catching the virus in hospitals, so they were less likely to go in for non-urgent surgeries. And because hospitals were filling up with COVID-19 patients, they were putting off non-essential procedures like disc replacements.
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
The demand for artificial discs, especially in the neck (cervical discs), is skyrocketing. By 2032, experts predict the market to be worth over 1.5 billion dollars. This is because more and more people are choosing artificial disc replacement instead of spinal fusion, which is a more traditional surgery. Spinal fusion is like welding two vertebrae together, and it can take a long time to recover from. On the other hand, artificial disc replacement involves inserting a new, artificial disc between the vertebrae. This makes recovery much quicker, and it also leads to better outcomes, such as less pain and stiffness. Plus, artificial discs have a lower risk of re-operation, and they can last for many years. Another reason for the growing popularity of artificial discs is the increasing number of people suffering from cervicogenic headaches. These headaches are caused by problems in the upper neck, and they can be debilitating. Artificial discs can help relieve these headaches by reducing pressure on the nerves in the neck. So, all in all, the market for artificial discs is growing fast, and it's expected to continue to grow in the years to come. This is great news for people who are suffering from neck pain or headaches, as it gives them a new option for treatment.
Based on material, the metal-on-metal material segment accounted for more than 36% share of the artificial disc market in 2022. As compared to metal-on-biopolymer, metal-on-metal devices are relatively cheaper, and thus record significant preference. Metal-based implants made up of cobalt-based alloys, stainless steel, and titanium-based alloys are extensively used to manufacture diverse orthopedic implants. These implants are cost-effective, durable, and feature excellent mechanical properties. The ongoing developments and studies conducted for the development of degradable metal-based implants will also augment the artificial disc industry.
In terms of revenue, the artificial disc market share from degenerative spine diseases is poised to exceed USD 1.7 billion by 2032. The growing number of patients suffering from degenerative spine disease is expected to fuel the demand for artificial disc replacement procedures across the globe. The presence of degenerated discs in the lumbar spine increases the risk of chronic lower back pain, necessitating appropriate treatment. Low back pain (LBP) is a major contributor to the healthcare burden and has thus compelled several governments to introduce favorable policies.
Artificial disc market from ambulatory surgical centers segment is projected to exhibit over 2.5% CAGR from 2023-2032. The growing number of artificial disc replacement procedures performed in ambulatory surgical centers (ASCs) can be credited to the presence of favorable reimbursement scenario. Additionally, ASCs offer convenient and affordable healthcare along with access to state-of-the-art medical equipment and implants, thus attracting a large patient pool. Moreover, the advent of outpatient spine surgery and the growing preference for minimally invasive spine treatment will boost the demand for artificial discs across these settings.
The artificial disc market in North America is expected to grow massively, reaching over 1.3 billion USD by 2032. This growth is driven by countries like the US and Canada, which have well-developed healthcare systems and plenty of healthcare centers. The US alone has over 6,000 hospitals, according to the American Hospital Association. As more and more people get older, the demand for artificial discs will increase. Advanced medical treatments are also being adopted more widely, and people have more money to spend on healthcare. The US Census Bureau predicts that in 2022, there will be 56 million people aged 65 and older. By 2030, that number will rise to 73 million, and by 2050, it will pass 85 million. This means that one in five Americans will be over 65 by 2050.
Artificial Disc Market Share
Some of the leading companies in the artificial disc market include
- AxioMed LLC
- B. Braun Melsungen AG
- DePuy Synthes Inc. (Johnson & Johnson)
- Globus Medical Inc.
- KM Inc.
- Medtronic PLC
- NuVasive Inc.
- Orthofix International NV
- Paradigm Spine LLC
- Simplify Medical Inc.
- Spineart SA
- Stryker
- Synergy Disc Replacement Inc.
- Zimmer Biomet
These firms are focusing on the development of novel technologies and innovative products to improve their market identity. For instance, in September 2022, NuVasive, Inc. unveiled Reline Cervical fixation system designed for posterior cervical fusion.
The artificial disc market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments
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By Type
- Cervical artificial disc
- Lumbar artificial disc
By Material
- Metal-on-metal
- Metal-on-polymer
By Indication
- Spinal trauma
- Degenerative spine disease
End-use
- Hospitals
- Specialty clinic
- Ambulatory surgical centers
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Poland
- Switzerland
- Netherlands
- Others
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Indonesia
- Thailand
- Vietnam
- Others
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Colombia
- Peru
- Others
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Iran
- Egypt
- Israel
- Others
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