Artificial Cervical Disc Market Overview
The Artificial Cervical Disc Market Size was valued at USD 2.38 Billion in 2023. The Global Artificial Cervical Disc industry is projected to grow from USD 2.65 Billion in 2024 to USD 6.21 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.68% during the forecast period (2024 - 2032).
An artificial cervical disc is a medical device designed to replace a natural disc in the neckthrough disc replacement surgery. It is an emerging procedure that replaces the function of a damaged or diseased spinal disc.These procedures will be helpful to eliminate pain caused by disc degeneration while maintaining mobility and function.
The increasing prevalence of orthopedic diseases and degenerative diseases, technological advancements in artificial discs, and the rise of a geriatric population in developed and developing economies areexpected to drive the artificial cervical disc market during the forecast period.In addition, the artificial cervical disc market is anticipated to grow duringthe forecast period due to the factors such as rising healthcare expenditure, supportive reimbursement, growing acceptance of implantation, increasing disposable income, andrising investments in healthcare infrastructure by the government and private sectors. However, lack of skilled personnel, government rules and regulations, high cost of implants, and availability of alternatives such as spinal fusion & traditional cervical discectomy are likelyto hamper the artificial cervical disc market growth.
COVID-19 Analysis of Artificial Cervical Disc Market
The emergence of the pandemic has affected people across the globe and resulted in the shutdown of operational facilities worldwide. The healthcare industry faced unprecedented encounters during the lockdown phase. The manufacturing units were shut down, affecting the production of medical products and other equipment. Also, the supply chain of the medical products was affected that led to the increase in warehouse inventory of the manufactured products. Moreover, the doctors & surgeons with personal clinics were facing tough times due to the closure of the operational facility. Likewise, 62% of healthcare practitioners in the US faced salary issues during the outbreak.
The impact of the COVID-19 pandemic is related to possible delay ofdisc replacement surgeries due to several factors such as reallocation of hospital resources like nursing staff and ICU beds for the care of patients with the coronavirusandthe cancellation of elective surgeries to reduce the chances of disease spread.
Artificial Cervical Disc Market Trends
Drivers
Increase in prevalence of degenerative spine conditions across the globe
- The global artificial cervical disc market is receiving support from technological advancements.Increasing prevalence of degenerative spine conditions, growing hospitalizations & healthcare expenditures across the globe, supportive reimbursements, and sports and trauma-related accidents are becoming more common.An increase in the geriatric population is further driving the global artificial cervical disc market.
- In addition, innovations in technology, availability of numerous products, and growth in surgeries and medical procedures in the artificial cervical disc market are leading to the expansion of industries.
Opportunities
Increase inthe number of clinical trials on artificial discs
- Worldwide, there has been an increase in the number of clinical trials on artificial discs.
- For example, in March 2016,the Charité Artificial Disc (manufactured by DePuy Spine, Inc.) has been completed, and the study results have been submitted to the FDA. In November 2016,Spineart SA concluded thatBAGUERA C cervical disc replacement is a safe and effective procedure for treating radiculopathy caused by soft disc herniation. Some artificial discs have been studies in FDA-supervised IDE prospective randomized clinical trials, so lots of opportunities for artificial cervical disc market growth rise in recent years due to more number of artificial discs in the DE stage of development.
Restraints
High cost of the product
- Major factors hindering the artificial cervical disc market are a high cost of the product, lack of uniform reimbursement policies, and technological challenges faced by surgeons during replacement surgeries.
Challenges
Risk associated with surgery and medical procedures isa big challenging factor for the market playersArtificial Cervical Disc Market Segment OverviewBy Product Type
- Cervical disc:The cervical disc segment holds a significant artificial cervical disc market share and is anticipated to show a similar trend over the forecast period due to the rising prevalence of degenerative disc disease and the growing demand for non-invasive procedures are the key driving factors of the artificial cervical disc market segment.
- Lumbar disc: Rapidly growing geriatric patient pool suffering from orthopedic diseases andlow back pain among the geriatric andincreasing prevalence of low back pain will increase the demand for lumbar total disc replacement (LTDR) procedures, thereby boosting the lumbar disc segment growth
Artificial Cervical Disc Market Segment Insights
Artificial Cervical Disc Material Insights
- Metal-on-metal material: The artificial cervical disc market segment is expected to attain significant revenue during the forecast period. Many healthcare practitioners, including doctors, surgeons,and clinicianshave been displaying a increasing preference for metal implants. Moreover,titanium alloys, zirconium alloys, cobalt-nickel-chromium-molybdenum, tantalum, and chromium-cobalt-molybdenum are some of the extensively utilized metal implants in artificial cervical disc surgeries. Metal-on-metal materials are being preferred due to their superior corrosion-resistant properties and considerably lower costs than metal-on-biopolymers.
- Metal-on-biopolymer: Industry players are focusing on developing metal-on-biopolymer artificial discs due to their advantages like better biocompatibility, high degree of rotation, and flexible movement of spine and insertion. The rising adoption of such advanced artificial discs for the treatment of degenerative disc diseases will accelerate the artificial cervical disc market growth during the forthcoming years.
Artificial Cervical Disc End User Insights
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Hospitals: The advancement in the hospital infrastructure across the globe is driving the artificial cervical disc market. Hospitals provide better treatment and have skilled medical staff, which attractsa high number of patients.
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Ambulatory Surgical Centers: The demand for ambulatory surgical centers is increasing dueto the immediate requirement for the treatment. These centers offer immediate treatment to the patient and discharge them the same day. Such procedures are effective and economical as they do not include expenses of overnight or long stays.
Artificial Cervical Disc Regional Insights
North America
- The increasing geriatric population and higher success rate of artificial disc replacement surgeries across the region are driving the North American artificial cervical disc market.
- North America is expected to hold the largest share in the global artificial disc market due to the increasing geriatric population, higher success rate of artificial disc replacement surgery, and growing awareness among the patients about the availability of various treatment options.
Asia-Pacific
- Advancements in healthcare infrastructure are fueling the Asia-Pacific artificial cervical disc market
- Asia-Pacific is projected to have the fastest growth during the forecast period due to a rapidly developing medical infrastructure, increasing spending on healthcare, large population, and growing medical tourism in developing nations such as China, Japan, and India.
Artificial Cervical Disc Market Competitive Landscape
The industry players are coming up with various business strategies to increase the artificial cervical disc market presence. The companies are investing in R&D activities to expand their product portfolio, further driving the cellulite treatment market. In addition, the market players are offering mergers and acquisitions, contractual agreements, new product launches, increasing investments, and partnering with other players to expand their global footprint. For instance, in February 2021, NuVasive Inc. acquired Simplify Medical. The acquisition of Simplify Medical adds the most clinically effective cTDR technology and further distinguishes NuVasive’s cervical portfolio in the artificial cervical disc market.
List of Key Companies Covered in this Report
- Globus Medical Inc (US)
- Zimmer Biomet Holdings Inc. (US)
- Braun Melsungen AG (Germany)
- Centinel Spine, LLC (Switzerland)
- Medtronic PLC (Ireland)
- Nuvasive Inc. (US)
- Johnson & Johnson (US)
- Orthofix Company (US)
- Alphatec Spine (US)
- Simplify Medical (US)
- AxioMed (US)
- Aditus Medical (Germany)
- FH Orthopedics (France)
- Medicrea (France)
- Spineart (Switzerland)
Report Attribute/Metric |
Details |
  Market Size 2032 |
 USD 6.21 Billion |
  CAGR 2032 |
 11.68% (2024-2032) |
  Base Year |
  2023 |
  Forecast Period |
 2024-2032 |
  Historical Data |
  2018-2019 |
  Forecast Units |
  Value (USD Billion) |
  Report Coverage |
  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
  Segments Covered |
  By Product Type, By Material, and End User |
  Geographies Covered |
  North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
  Key Vendors |
  Globus Medical Inc (US), Zimmer Biomet Holdings Inc. (US), B. Braun Melsungen AG (Germany), Centinel Spine, LLC (Switzerland), Medtronic PLC (Ireland), Nuvasive Inc. (US), Johnson & Johnson (US), Orthofix Company (US), Alphatec Spine (US), Simplify Medical (US), AxioMed (US), Aditus Medical (Germany), FH Orthopedics (France), Medicrea (France), Spineart (Switzerland) |
  Key Market Opportunities |
  Increase in the number of clinical trials on artificial discs |
  Key Market Drivers |
  Growing prevalence of degenerative spine conditions across the globe |
Artificial Cervical Disc Market Highlights:
Frequently Asked Questions (FAQ) :
Artificial Cervical Disc Market is projected to grow at a 11.68% CAGR between 2024-2032.
Artificial Cervical Disc Market predicted to touch USD 6.21 Billion by 2032.
Increase in prevalence of degenerative spine conditions across the globe is the key factors driving the Artificial Cervical Disc Market
The Product Type included in the Artificial Cervical Disc Market are Cervical Disc and Lumbar Disc
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