Home Press Releases Artificial Discs Market Size Worth $9.25 Billion By 2030 | CAGR: 18.08%

Artificial Discs Market Size Worth $9.25 Billion By 2030 | CAGR: 18.08%

The global artificial discs market size is expected to reach USD 9.25 billion by 2030, according to a new study by Polaris Market Research. The report “Artificial Discs Market Share, Size, Trends, Industry Analysis Report, By Material (Metal & Plastic, Metal); By Indication; By End Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The increasing utility of artificial discs in managing spinal disorders, along with the higher success and adoption rates of these devices, are primarily responsible for the growth of the artificial disc market. Moreover, the geriatric population prone to developing bone disorders such as scoliosis, among other spinal degenerative disorders, is increasing the patient pool for these artificial disc implants. These implants are preferred over traditional non-fusion therapies owing to significant improvements in spinal motility and overall quality of life.

 

Artificial discs are either metal on metal (MoM) or metal or plastic (MoP). The MoP implants are preferred by surgical experts due to their higher success rate, although MoM implants have a superior product life due to lesser wear and tear. The market is evolving regarding product portfolios offered by key competitors alongside consistent innovation and a focus on regulatory approvals to commercialize them. This, coupled with the increased adoption of new technologies owing to the rising demand for novel solutions, is a notable trend observed in the market.

 

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Chronic spinal conditions, such as lower and upper back pain resulting in discogenic fatigue, are increasing the demand for spinal procedures and therapy. This, combined with key surgical procedures such as robotically assisted spinal surgeries, Artificial intelligence-based surgical planning tools, and minimally invasive surgical techniques, among other breakthrough technologies, promote the uptake of artificial disc implants. The increasing demand for minimally invasive procedures, along with rising cervical disc surgeries owing to a high prevalence of cervical disc conditions, is a key factor in driving the growth of the market.

 

Artificial Discs Market Report Highlights

  • Metal & Plastic segment is anticipated to grow rapidly over the forecast period owing to the higher success rates of implant procedures over transitional materials.
  • Cervical disc replacement segment accounted for a major global revenue share, which is accelerated by applications of cervical discs being less invasive in nature and the ability to operate with them on a multi-level stage. This type is also more common in spinal procedures owing to its affordability and ease of patient access.
  • Hospital segment is expected to hold a significant market share over the forecast period due to larger infrastructure catering to the high demand and reimbursement plans to keep the procedures affordable for the patient population.
  • North America is expected to grow significantly over the projected period because of the increasing consumer awareness regarding adverse health effects of synthetic colors, including terminal diseases such as cancer and other cardiovascular disorders.
  • Major players operating in the global market are Medtronic, Zimmer Biomet, B. Braun, among others.

 

Polaris Market Research has segmented the artificial discs market report based on material, indication, end-use, and region:

 

Artificial Discs, Material Outlook (Revenue – USD Billion, 2018 – 2030)

  • Metal & Plastic
  • Metal

Artificial Discs, Indication Outlook (Revenue – USD Billion, 2018 – 2030)

  • Cervical Disc Replacement
  • Lumbar Disc Replacement

Artificial Discs, End-use Outlook (Revenue – USD Billion, 2018 – 2030)

  • Hospitals
  • Ambulatory Surgical Centers

Artificial Discs, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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