Categories: Market Research

Artificial Disc Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Artificial Disc Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Artificial Disc Global Market Report 2024, 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..

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.

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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

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 report table of contents includes: