Artificial Disc Market Size
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 12.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Artificial Disc Market Analysis
The artificial disc market is expected to register a CAGR of 12.5% during the forecast period.
The pandemic had a significant impact on market growth due to the reduction in the number of spinal cord surgeries around the world. For instance, according to an article published by PubMed Central in October 2021, a study was conducted in Ireland, which showed that the COVID-19 pandemic significantly decreased the National Spinal Injuries Unit's (NSIU) clinical workload, with national spine referrals reduced by 47% and surgical cases performed were reduced by 61%. Thus, the pandemic had an adverse effect on the market growth initially. However, as the pandemic has subsided now, spinal cord surgeries are taking place generally around the world. Hence, the artificial disc market is expected to have stable growth in the future.
Factors such as the growing burden of degenerative spine conditions, the growing geriatric population, the growing demand for minimal surgical procedures, and technological advancements in artificial discs are the key driving factors in the artificial disc market. For instance, according to an article published by the NCBI, in 2021, stated that in the United States, there are approximately 17,000 new cases of spinal cord injuries (SCI) each year. The increasing incidences of degenerative disc diseases also increase the demand for spinal surgical procedures.
Furthermore, according to an article published by the NCBI in 2021, a study was conducted in the United States which showed disc abnormalities at any level in a meta-analysis of 20 studies evaluating the magnetic resonance imaging (MRI) of asymptotic individuals. It was found to be 20% to 83% for a reduction in signal intensity, 10% to 81% for disc bulges, 3% to 63% for disc protrusion, 3% to 56% for disc narrowing, and 6% to 56% for annular tears. Hence, the high prevalence of disc abnormalities is expected to increase the adoption of artificial discs.
Additionally, initiatives by key market players are another factor in market growth, as it is expected to boost the adoption of artificial discs. For instance, in March 2021, Gleneagles Global Health City launched an advanced endoscopic spine center to treat spinal disorders requiring surgery in Chennai, India, which will cater to the problems of the lower back, facet joint pain, sciatic pain, and neck pain radiating to the hands. Thus, the abovementioned factors such as the initiatives by key market players, the high prevalence of disc abnormalities, the growing burden of degenerative spine conditions, and the growing geriatric population are expected to increase the market growth. However, reimbursement issues and high costs of procedures are expected to hinder market growth.
Artificial Disc Market Trends
This section covers the major market trends shaping the Artificial Disc Market according to our research experts:
Cervical Artificial Disc Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Cervical artificial disk replacement surgery involves the addition of an artificial disk to replace the natural cervical disk in case of any injury or other spinal cord degenerating diseases. This type of disc replacement allows more movement and creates less stress on the remaining vertebrae than traditional cervical disk surgery. Factors such as the increasing prevalence of spinal diseases, the growing geriatric population, and initiatives by market players are expected to increase the adoption of cervical artificial discs, thus leading to segment growth. For instance, according to the National Spinal Cord Injury Statistical Center report in 2022, the estimated number of people with spinal cord injury living in the United States in 2021 is approximately 299,000 persons, with a range from 253,000 to 378,000. Hence, the high prevalence of spinal cord injury is expected to boost the adoption of cervical artificial discs.
Furthermore, according to the data published by the UN in 2022, it is estimated that the share of the global population of people aged 65 years and above is projected to rise from 10 percent in 2022 to 16 percent in 2050. With the increasing geriatric population, it is expected that the number of spinal cord disorders will rise, which will require cervical artificial disc replacement. Thus, the rising geriatric population may further increase the demand for cervical artificial disc replacements which may lead to the growth of the segment.
Moreover, initiatives by the key market players to address cervical chronic pain will also drive the market. For instance, in July 2021, NuVasive Inc. received United States FDA approval for two-level cervical total disc replacement (cTDR) with its Simplify Cervical Artificial Disc (Simplify Disc). Thus, the abovementioned factors such as the increasing prevalence of spinal cord injuries, the growing geriatric population, and initiatives by the key market players to address chronic cervical pain, are expected to increase the market growth.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America is expected to hold a major market share in the artificial disc market due to the growing geriatric population, higher success rate of artificial disc replacements, and the increasing number of people suffering from lower back problems and spine-related disorders. For instance, according to an article published by the NCBI in March 2021, the prevalence rate of diagnosed spine degenerative disease was determined to be 27.3% in the United States.
According to the National Spinal Cord Injury Statistical Center in 2022, about 30% of persons with spinal cord injury (SCI) are re-hospitalized one or more times during any given year following injury, and among those re-hospitalized, the length of hospital stay averages about 18 days. The indirect costs of SCI averaged USD 82,329 per year in the United States in 2021. Hence, the high burden of spinal cord injury in the United States is expected to increase the demand for artificial discs. The rising incidence of spinal cord injury in Canada is also expected to enhance the market growth in the region. For instance, according to an article published by frontiers in November 2022, it is estimated that in Canada more than 86,000 people are affected by spinal cord injuries every year, from either a traumatic (e.g., fall) or non-traumatic injury (e.g., tumor).
Moreover, the organic and inorganic strategies adopted by the companies such as mergers and acquisitions will also propel the market. For instance, in February 2021, NuVasive Inc. acquired Simplify Medical, which develops the Simplify Cervical Artificial Disc for cervical total disc replacement (cTDR). This will help NuVasive to address all key parts of the cervical spine by providing inclusive, procedurally integrated solutions across anterior cervical discectomy and fusion (ACDF), posterior cervical fusion (PCF), and cTDR procedures. Thus, the above-mentioned factors are likely to increase market growth in the future.
Artificial Disc Industry Overview
The Artificial Disc Market is moderately competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the key companies in the market are Globus Medical, Zimmer Biomet, B. Braun Melsungen, Centinel Spine, LLC and Medtronic Plc among others.
Artificial Disc Market Leaders
Globus Medical
B. Braun Melsungen
Centinel Spine, LLC
Medtronic Plc
Zimmer Biomet
*Disclaimer: Major Players sorted in no particular order
Artificial Disc Market News
- In November 2022, Centinel Spine, LLC announced the first implantation of its prodisc C SK, a cervical artificial disc.
- In October 2022, Orthofix and SeaSpine announced that they have entered into a definitive merger agreement to create a leading spine and orthopedics company.
Artificial Disc Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Spine Related Diseases
4.2.2 Increasing Research and Development Activities in Relation to Spine Technologies
4.2.3 Growing Geriatric Population and Increasing Preference for Minimally Invasive Surgeries
4.3 Market Restraints
4.3.1 Reimbursement Issues
4.3.2 High Cost of Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Disc Type
5.1.1 Cervical Artificial Disc
5.1.2 Lumbar Artificial Disc
5.2 By Material Type
5.2.1 Metal on Metal
5.2.2 Metal on Polymer
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AxioMed LLC
6.1.2 B. Braun Melsungen
6.1.3 Centinel Spine, LLC
6.1.4 Globus Medical
6.1.5 Medtronic PLC
6.1.6 NuVasive Inc
6.1.7 Orthofix Medical Inc
6.1.8 Prodorth Spine
6.1.9 Spineart SA
6.1.10 Synergy Spine Solutions Inc.
6.1.11 Zimmer Biomet
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Artificial Disc Industry Segmentation
As per the scope of the report, an artificial disc also called disc prosthesis or disc replacement or spine arthroplasty device is a medical device that is implanted into the spine to imitate the functions of a normal disc that carry load and allow motion. The Artificial Disc Market is Segmented by Disc Type (Cervical Artificial Disc, and Lumbar Artificial Disc), Material Type (Metal on Metal, and Metal on Polymer), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.
| By Disc Type | |
| Cervical Artificial Disc | |
| Lumbar Artificial Disc |
| By Material Type | |
| Metal on Metal | |
| Metal on Polymer |
| Geography | ||||||||
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Artificial Disc Market Research FAQs
What is the current Artificial Disc Market size?
The Artificial Disc Market is projected to register a CAGR of 12.5% during the forecast period (2024-2029)
Who are the key players in Artificial Disc Market?
Globus Medical, B. Braun Melsungen, Centinel Spine, LLC, Medtronic Plc and Zimmer Biomet are the major companies operating in the Artificial Disc Market.
Which is the fastest growing region in Artificial Disc Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Artificial Disc Market?
In 2024, the North America accounts for the largest market share in Artificial Disc Market.
What years does this Artificial Disc Market cover?
The report covers the Artificial Disc Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Artificial Disc Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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