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Global Disc Prostheses Market Size By Type (Lumbar Disc, Cervical Disc), By Application (Metal-on-polymer, Metal-on-metal), By Geographic Scope And Forecast


Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Disc Prostheses Market Size By Type (Lumbar Disc, Cervical Disc), By Application (Metal-on-polymer, Metal-on-metal), By Geographic Scope And Forecast

Disc Prostheses Market Size And Forecast

Disc Prostheses Market size was valued at USD 794.41 Million in 2024 and is projected to reach USD 2892.25 Million by 2031, growing at a CAGR of 17.53% from 2024 to 2031.

Rising income with the increasing healthcare spending in developing countries and increase in advancements in artificial discs’ augment are the factor driving the growth of the Disc Prostheses Market. The Global Disc Prostheses Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Disc Prostheses Market Definition

A prosthesis disc is a device that is implanted in the spine to imitate the function of a regular prosthesis disc. It is also known as disc replacement or spinal arthroplasty. It is an artificial disc used in surgery to replace a damaged spinal disc with an artificial or artificial device. It can also replace a disc in the cervical or lumbar spine. For many years, anterior cervical discectomy and fusion (ACDF) have been the gold standard for cervical spine surgery. It is safe, effective, easy to implement, and fast recovery. People who have previous neck surgery harmed vertebral bones and facet joint deterioration may be candidates for ACDF. The artificial disc must be sized and placed right in a disc replacement. It does not meet a requirement for ACDF. Cervical disc replacement is known as total disc replacement or artificial disc replacement.

This procedure removes the damaged disc and replaces it with a metal or polymer prosthesis. First, the surgeon makes a slit in the side of the neck and gently moves it away from the tissue. The damaged disc is removed along with the osteophytes. Then the prosthesis is inserted, and the incision is closed. It is possible to return to work and light activity two to four weeks after a cervical disc replacement. More vigorous exercise may need to wait six to eight weeks. As ACDF did not require an artificial disc, ACDF risks nonunion, where the bone graft fails to fuse the spine. Because ACDF does not require an artificial disc, cervical disc replacement can avoid bone grafting. ACDF has a chance of nonunion when the bone graft fails to fuse the spine. On the other hand, if the size and installation of the prosthesis are correct, the risk of failure is significantly reduced.

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Global Disc Prostheses Market Overview

The primary factor driving the market growth is Rising in income with the increasing healthcare spending in developing counties and increasing advancements in artificial discs’ augment. The artificial disc treats chronic pain, severe back pain, and cervical pain. An artificial disc treats pain that has not been adequately reduced with non-operative care like injections, physical therapy, and medications. Artificial disc replacement is more helpful as it allows a more immediate return to activities than traditional fusion surgery. Growing the majority of degenerative spine disorders because of the growing geriatric population, increasing demand for minimal surgical procedures and increasing technological advancements in artificial discs are the key driving factors in the Disc Prostheses Market.

Many significant players are developing new products like a multi-level artificial disc, developments in existing technologies, and increasing demand for minimally invasive procedures also increase the market growth. Yet, developing countries are even dependent on traditional treatment like spinal fusion surgery in degenerative disc treatment, which is the factor hampering the market’s growth in developing countries. The growing geriatric population fused with substantial monetary support from government and major players, advancement in medical services consumption, and rise in use of drugs and increased cases in developing countries, increasing awareness among customers, and increase in technological advances in artificial discs are the opportunities for the Disc Prostheses Market.

Global Disc Prostheses MarketSegmentation Analysis

The Global Disc Prostheses Market is segmented on the basis of Type, Application, And Geography.

Disc Prostheses Market, By Type

  •  Lumbar Disc
  •  Cervical Disc

Based on Type, The market is classified into Lumbar Disc and Cervical Disc. The Cervical Disc segment holds a large share in the market because of the increasing number of cases across the globe. In contrast, the Cervical artificial disc sub-segment has a substantial market in the artificial disc market segment because of the benefits over more traditional fusion surgery in terms of preserving motion at the affected level, which may help protect against revved deterioration of the discs further and below the disc replacement. The increasing degenerative disc disease and demand for non-invasive procedures are the factors increasing demand for the market growth of the Cervical artificial disc segment.

Disc Prostheses Market, By Application

  •  Metal-on-polymer
  •  Metal-on-metal
  •  Others

Based on Application, The market is classified into Metal-on-polymer, Metal-on-metal, and Others. The Metal-on-polymer material segment holds a large share in the market because increasing awareness regarding the material can be ascribed to its shock absorption feature increases demand the market growth of the Disc Prostheses Market.

Disc Prostheses Market, By Geography

  •  North America
  •  Europe
  •  Asia Pacific
  •  Rest of the world

On the basis of Geography, The Global Disc Prostheses Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The North American region holds a large number of shares because of the growing geriatric population and more success rate of artificial disc replacements. Growing healthcare expenditure and well-established healthcare infrastructure is the factor that increases demand for the market growth of the Disc Prostheses Market.

Key Players

The “Global Disc Prostheses Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Alphatec Spine, AxioMed, B. Braun, Centinel Spine, Globus Medical, Medtronic, NuVasive, Orthofix Company, Simplify Medical, Zimmer Biomet.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  •  On March 2021, Gleneagles Global Health City launched an advanced endoscopic spine center to treat spinal disorders requiring surgery in Chennai. It will cater to the lower back, facet joint pain, sciatic pain, and neck pain radiating to the hands.
  •  On April 2021, NuVasive, Inc. received permission for the NuVasive Simplify Cervical Artificial Disc from the United States Food and Drug Administration for two-level cervical total disc replacement.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Alphatec Spine, AxioMed, B. Braun, Centinel Spine, Globus Medical, Medtronic, NuVasive.

SEGMENTS COVERED

• By Type• By Application• By Geography

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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