Artificial Discs Market 2023 Value Chain, Industry Analysis and Trends and Forecast 2030 | NuVasive Inc., Globus Medical Inc., Orthofix International N.V., Zimmer Biomet Holdings Inc

Market Overview:

Artificial discs are prosthetic implants used as an alternative to spinal fusion for treating severe back and neck pain caused due to degenerative disc disease. They aid in preserving disc height and maintain motion.

Market Dynamics:

Rising prevalence of spinal disorders such as degenerative disc disease is expected to propel the market growth over the forecast period. According to the National Institute of Neurological Disorders and Stroke, more than 80% of adults experience low back pain at some point in their lifetimes. Moreover, aging population is more susceptible to spinal disorders causing further demand for artificial discs. This is attributed to wear and tear of discs due to aging. Furthermore, artificial discs offer fewer surgical risks, shorter hospital stays, and faster recovery in comparison to spinal fusion surgery, thereby driving their adoption.

Growing Prevalence of Degenerative Disc Disease is a Major Driver for Artificial Discs Market

Degenerative disc disease is a progressive and common condition that affects the spinal discs due to normal wear and tear as people age. It majorly causes chronic back pain and restricts mobility in older population. According to research reports, around 80% of people over the age of 50 show signs of degenerative disc disease. This rising geriatric population along with sedentary lifestyle has significantly increased the cases of degenerative disc disease globally. Artificial discs provide an effective treatment option for patients suffering from severe and chronic back pain due to degenerated discs. They help restore mobility and relieve symptoms by replacing the damaged disc. Thus, growing prevalence of degenerative disc disease among aging population acts as a key growth driver for artificial discs market.

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Advancements in Material Technologies are Fueling Innovation and Adoption of Artificial Discs

Material science and engineering have advanced drastically over the past few decades. This advancement has played a vital role in the evolution and performance improvement of artificial discs. Early prosthetic discs faced challenges like mechanical failures, wear debris, and limited lifetime. However, new biomaterials like cross-linked polyethylene, titanium alloys and ceramics are now being used that can better mimic the functions of natural discs. They provide better strength, flexibility and wear resistance. Moreover, modified surface properties help enhance integration with surrounding tissues. Such technological innovations are not only improving clinical outcomes but also gaining higher acceptance from surgeons and patients. This, in turn, is positively impacting the growth trajectory of artificial discs market.

Burden of High Cost Associated with Surgical Implantation Acts as a Major Market Restrain

Artificial disc replacement surgery is a complex surgical procedure that requires specialized skills, technical equipment and extensive hospital stay. All these factors contribute to the high overall cost associated with implantation of artificial discs. The prosthetic discs themselves have a substantial price tag which is further increased by added surgical costs. Additionally, post-surgery follow-ups, therapy sessions and potential revision surgeries in case of failures also burden the total cost. High cost of treatment becomes a limiting factor especially in developing nations where healthcare budgets are already strained. Lack of adequate reimbursement policies in some regions also discourages wider adoption. This significantly restrains the artificial discs market growth globally as many patients hesitate to opt for such expensive treatment despite being eligible candidates.

Increasing Adoption of Minimally Invasive Surgical Approaches Presents Significant Growth Opportunity

Traditionally, artificial disc replacement surgeries were performed through open anterior or posterior spine approaches that involved larger incisions and extensive muscle dissection. However, driven by improving technologies, minimally invasive surgical (MIS) approaches are now gaining higher acceptance among spine surgeons. Smaller incisions, better visualization aids and specialized instruments used in MIS techniques help achieve similar clinical outcomes as open surgeries but with benefits like less post-operative pain, reduced recovery time and lower risk of complications. This makes the procedure more patient-friendly. As adoption of MIS TDR surgeries continues rising, especially in developed regions, it could play a significant role in increasing overall number of artificial disc procedures performed annually. With clear clinical and economic advantages, minimally invasive techniques are poised to drive future growth of artificial discs market.

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Rising Focus on Cervical Disc Replacement to be a Major Market Trend

While artificial lumbar discs have been in clinical use for over a decade with well-established safety and efficacy data, artificial cervical discs are still an evolving area. Recent years have witnessed aggressive efforts by industry players to design innovative prosthetic discs specifically targeted for cervical spine applications. Also, regulatory approvals for cervical disc replacements in major markets are expected to grow significantly in coming years. This rising focus on cervical discs is driven by the growing body of clinical evidence supporting neurologic, functional and quality of life benefits achieved through cervical disc arthroplasty. Higher success rates compared to fusion and ability to restore mobility makes cervical disc replacement an attractive treatment choice going forward. The trend reflects ongoing research to engineer advanced biomaterials and motions segments that can seamlessly replicate the complex anatomical functions of cervical discs.

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Artificial Discs companies, key tactics followed by Leading Key Players:

◘ Medtronic
◘ DePuy Synthes
◘ Stryker Corporation
◘ NuVasive Inc.
◘ Globus Medical Inc.
◘ Orthofix International N.V.
◘ Zimmer Biomet Holdings Inc.
◘ Alphatec Holdings Inc.
◘ B. Braun Melsungen AG
◘ Centinel Spine LLC

Note: Major Players are sorted in no particular order.

By Product Type

Cervical Artificial Discs
Lumbar Artificial Discs
Others

By Material

Metal-on-Metal
Metal-on-Biocompatible Plastic
Others

By End User

Hospitals
Ambulatory Surgery Centers
Others

The Study Objectives are:

A comprehensive insight into key players operating in the Artificial Discs Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2023

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Artificial Discs market
Chapter 2: Exclusive Summary - the basic information of the Artificial Discs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Artificial Discs
Chapter 4: Presenting the Artificial Discs Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2023 - 2030
Chapter 6: Evaluating the leading manufacturers of the Artificial Discs market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2023-2030)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Artificial Discs Market during the forecast period?
How is the growing demand impacting the growth of Artificial Discs Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Artificial Discs Market?

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