Artificial Disc Market Recent Trends, Growth, Demand, Top Companies, Opportunities And Industry Forecast By 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Artificial Disc Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The artificial disc market size has grown rapidly in recent years. It will grow from $2.31 billion in 2023 to $2.73 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth in the historic period can be attributed to cost-efficiency and healthcare accessibility, patient preference for motion preservation, regulatory approval and standards, clinical efficacy and long-term outcomes, enhancements in materials science..

The artificial disc market size is expected to see rapid growth in the next few years. It will grow to $5 billion in 2028 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to competitive industry landscape, healthcare cost-efficiency, favorable clinical outcomes, preference for motion preservation, rise in minimally invasive procedures.. Major trends in the forecast period include patient-centric care and shared decision-making, advancements in surgical techniques, regenerative medicine approaches, expansion of indications for use, integration of advanced imaging techniques..

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Key Market Players:
Johnson & Johnson, Medtronic plc, Stryker Corporation, Zimmer Biomet Holding Inc., SIGNUS Medizintechnik GmbH, B. Braun SE, Globus Medical Inc., Medacta International SA, Aesculap Inc., NuVasive Inc., RTI Surgical, Exactech Inc., Orthofix Medical Inc., Spineart, VTI - Vertebral Technologies Inc., Life Spine Inc., Spinal Elements, DePuy Synthes, Neuro France Implants, Paradigm Spine LLC, Xenco Medical, Osimplant, Synergy Spine Solutions Inc., Ranier Technology Limited, FH Orthopedics S.A.S, X-spine Systems Inc., Aditus Medical GmbH, AxioMed LLC are prominent players in the industry.

Market Drivers:
The rising incidence of spinal cord injuries is expected to propel the growth of the artificial disc market going forward. Spinal cord injuries refer to any trauma, damage, or harm to the spine's structures, including the bones (vertebrae), intervertebral discs, ligaments, muscles, nerves, and other supporting structures. Artificial discs benefit spinal cord injuries as they offer a surgical alternative to spinal fusion, restore normal motion, lessen discogenic back pain, offer flexibility, and prevent possible side effects of fusion surgery. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sporting and recreational spinal cord injuries (SCI) experienced a rise, increasing from 14% in 2020 to 19% in 2021. Wheeled non-motorsports (such as mountain biking and cycling) accounted for 25% of these injuries, followed by water-related accidents (18%) and horse-related accidents (14%). Therefore, the rising incidence of spinal cord injuries is driving the growth of the artificial disc market.

Market Segments Include:
1) By Type: Cervical Disc, Artificial Disc, Lumbar
2) By Material: Metal And Plastic, Metal
3) By Indication: Spinal trauma, Degenerative spine disease
4) By End User: Hospitals, Specialty Clinics

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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