According to the latest research report, the global artificial disc market is expected to record 18.6% CAGR during the forecast period 2020-2026.
With the growing number of degenerative disc disease in developed as well as developing economies, the global artificial disc market size is projected to witness a lucrative growth rate over the forthcoming time period. Factors such as technological advancement and rising demand for procedures that are minimally invasive will further push the market share.
Increasing accessibility of two-level artificial disc which provides better efficiency, in comparison to the procedure of two-level fusion would further surge the product adoption. Likewise, large investment in development of new products is also likely to stimulate the artificial market outlook.
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An estimate by the Global Spine Journal states that nearly 265 million individuals across the globe suffer from low back pain and degenerative spine disease every year. Cervical disc replacement is required and is medically proven for the treatment of one-level or two continuous levels of cervical degenerative disc disease with radiculopathy or symptomatic myelopathy.
Meanwhile, rising level of aging population throughout the globe would also serve to be yet another positive impact factor for market growth. Elderly patient population, which is susceptible to several musculoskeletal diseases like osteoarthritis would further drive artificial disc market growth in the near future.
The metal-on-biopolymer segment registered a substantial revenue share in 2019. The market is poised to record a momentous CAGR of 18.5% over the projected time period. Metal-on-biopolymer discs provide flexible spine movement, easy insertion process and high degree of rotation.
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All in all, the above-mentioned determinants are likely to offer a diverse array of growth opportunities for global artificial disc market. The competitive landscape of artificial disc market includes companies like Simplify Medical, Medtronic, Globus Medical, Zimmer Biomet, Synergy Disc Replacement, AxioMed, B. Braun Melsungen, Stryker, DePuy Synthes, NuVasive, and Orthofix International among others.
Partial Chapter of the Table of Content
Chapter 2. Executive Summary
2.1. Artificial disc industry 360º synopsis, 2015 – 2026
2.1.1. Business trends
2.1.2. Type trends
2.1.3. Material trends
2.1.4. Regional trends
Chapter 3. Artificial Disc Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2015 – 2026 (USD Billion)
3.3. Industry impact forces
3.3.1. Growth drivers
22.214.171.124. Product & technological innovation such as multi-level disc replacement
126.96.36.199. Increasing incidences of degenerative disc diseases
188.8.131.52. Long-term cost benefits for lower re-operation rate for disc replacement
184.108.40.206. Rising propensity for minimal incision surgery
220.127.116.11. Better clinical trial results with C-TDR compared to ACDF
3.3.2. Industry pitfalls & challenges
18.104.22.168. Lack of reimbursement for disc replacement
22.214.171.124. High cost of implants
3.4. Growth potential analysis
3.4.1. By type
3.4.2. By material
3.5. Regulatory landscape
3.6. Porter’s analysis
3.7. Company landscape
3.7.1. Company matrix analysis, 2019
3.8. PESTEL analysis
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