Press release
Artificial Disc Market Size, Share Report And Forecast 2024-2033
Artificial Disc Market Size
As per the report, 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 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%.
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Rising Incidence Of Spinal Cord Injuries Fueling The Growth Of The Artificial Disc Market
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.
Advanced Technologies And Innovative Products Shaping The Artificial Disc Trends
Major companies operating in the artificial disc market are developing innovative products with advanced technologies, such as Simplify Disc for two-level cervical total disc replacement, to drive their revenues in the market. The Simplify Disc offers comprehensive, procedurally integrated solutions for the cervical spine across ACDF (anterior cervical discectomy and fusion), posterior cervical fusion, and cTDR (cervical total disc replacement) procedures. For instance, in April 2021, NuVasive Inc., a US-based medical device company, announced the US Food and Drug Administration's (FDA), a US-based federal agency, approval for NuVasive Simplify Cervical Artificial Disc for two-level cervical total disc replacement (cTDR). The Simplify Disc, part of NuVasive's C360 portfolio for cervical spine procedures, is designed with features such as enhanced MRI visibility due to its unique PEEK on ceramic materials, multiple anatomical disc height options (4 mm, 5 mm, and 6 mm), and a proprietary design that closely mimics natural spine motion, resulting in the highest success rate for two-level cervical discs.
The artificial disc market covered in this report is segmented -
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
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Major companies operating in the artificial disc market report are 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
Contents of the report:
1. Executive Summary
2. Artificial Disc Market Report Structure
3. Artificial Disc Market Trends And Strategies
4. Artificial Disc Market - Macro Economic Scenario
5. Artificial Disc Market Size And Growth
…..
27. Artificial Disc Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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