Artificial Disc Market Is Expected To Reach US$ 7.3 Billion by 2028 - IMARC Group

According to the latest report by IMARC Group, titled "Artificial Disc Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2023-2028," 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.This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

An artificial disc is an arthroplasty implant used to replace degenerated intervertebral discs in the spinal cord. It is manufactured using surgical-grade stainless steel, titanium, polyethylene and polymer fibers and is implanted into the cervical spine or lumbar. Artificial disks are biocompatible and durable and aid in relieving back pain and increasing mobility. They also act as shock absorbers for the spine and in comparison to spinal fusions, artificial disk replacement is minimally invasive, promotes faster postoperative recovery and offers enhanced flexibility and reduced risks of long-term complications.

Artificial Disc Market Trends:

The increasing prevalence of spinal disorders and degenerative disc disease (DDD) is one of the key factors driving the growth of the artificial disc market. The rising geriatric population, which is more susceptible to such ailments, is also contributing to the growth of the market. Furthermore, patients' growing preference for minimally invasive surgeries (MIS) has resulted in the widespread use of artificial cervical disks. Other factors, including rising healthcare expenditures, along with various technological advancements, such as the use of innovative imaging and robotic technologies, are favoring the growth of the market.

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Global Artificial Disc Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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 and Zimmer Biomet Holdings Inc.

The report has segmented the market on the basis on region, disc type, material type and end user.

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

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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