Artificial Disc Market Size, Share Forecast Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Artificial Disc Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global artificial disc market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the artificial disc market?

The global artificial disc market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.3 Billion by 2028, exhibiting a growth rate (CAGR) of 18.3% during 2023-2028.

What is an artificial disc?

An artificial disc, also known as an artificial intervertebral disc or disc replacement, is a medical device designed to replace a damaged or degenerated intervertebral disc in the spine. It is used as an alternative to traditional spinal fusion surgery. The artificial disc is typically made of biocompatible materials such as metal or plastic and is designed to mimic the structure and function of a natural disc. It aims to restore spinal stability, preserve motion, and alleviate pain caused by conditions such as degenerative disc disease or herniated discs. Artificial discs are surgically implanted between two vertebral bodies to maintain proper spacing and facilitate normal movement in the spine.

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What are the growth prospects and trends in the artificial disc industry?

The artificial disc industry is expected to witness significant growth and exhibit several trends in the coming years. One of the key growth prospects is the increasing prevalence of spinal disorders, such as degenerative disc disease, coupled with a growing aging population worldwide. As awareness about the benefits of artificial disc replacement over traditional fusion surgeries continues to rise, the demand for artificial discs is expected to increase.

Moreover, advancements in technology and materials used in artificial disc manufacturing are anticipated to drive market growth. These advancements include the development of more durable and biocompatible materials, improved designs for better motion preservation, and enhanced surgical techniques. Additionally, regulatory agencies are actively working to streamline the approval processes for artificial disc devices, which can facilitate market expansion. Furthermore, the adoption of minimally invasive surgical procedures and the growing focus on outpatient settings are emerging trends in the industry, offering convenience and faster recovery times for patients. Overall, the artificial disc industry is poised for growth, driven by a combination of factors including increasing patient demand, technological advancements, and supportive regulatory environment.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Disc Type:

• Cervical Artificial Disc
• Lumbar Artificial Disc

Breakup by Material Type:

• Metal on Polymer
• Metal on Metal

Breakup by End User:

• Hospitals and Clinics
• Ambulatory Surgery Centers
• Others

Breakup by Region:

• North America (U.S. Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• B. Braun Melsungen Aktiengesellschaft (B. Braun Holding GmbH & Co. KG)
• Depuy Synthes Inc. (Johnson & Johnson)
• Globus Medical Inc.
• Medtronic plc
• Nuvasive Inc.
• Orthofix Medical Inc.
• Paradigm Spine LLC (RTI Surgical Holdings Inc.)
• Smith & Nephew Plc
• Stryker Corporation
• Zimmer Biomet Holdings Inc.

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