Artificial Disc Market Size is estimated to grow at a CAGR of 18.1% during the forecast period


Posted December 20, 2023 by Jameslin

The artificial disc market was estimated to be worth USD 1.9 billion in 2022, and over the course of the forecast period, a CAGR of 18.1% is anticipated.

 
The artificial disc market was estimated to be worth USD 1.9 billion in 2022, and over the course of the forecast period, a CAGR of 18.1% is anticipated. The spine's degenerative disc condition is treated with artificial discs. In an effort to lessen pain and restore function and movement, they repair damaged discs. Patients can keep their range of motion and flexibility thanks to these implants, which replicate the natural mobility of spinal discs.

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The demand for minimally invasive surgeries, the aging population, the rising incidence of degenerative disc diseases, technological advancements, and the desire for better patient outcomes and quicker recovery times are all driving factors in the artificial disc market, which is expected to grow significantly. The market is growing at a substantial rate thanks to rising patient and healthcare professional awareness. The market has grown significantly due to growing disposable income and developing healthcare infrastructure.
Growth Drivers
The need for artificial disc implementation is driven by growing understanding of degenerative disc diseases and ailments related to the spine. Continuous technological advancements, including better artificial disc materials and designs, promote the use of these devices and enhance patient outcomes. The market is expanding as a result of consumers' growing preferences for minimally invasive surgeries since they require less recovery time, require shorter hospital stays, and have lower complication rates.
Globally aging populations are a major factor in the rising incidence of spine-related problems, which is propelling the market's expansion. The market is expanding because more physicians and patients are aware of artificial disc implants. The market is expanding due to improvements in surgical techniques and healthcare infrastructure. Throughout the projection period, government measures to upgrade healthcare infrastructure will also be a major factor in the growth of the North American and European markets.
Segmentation
Disc Type
· Cervical
· Lumbar
Material Type
· Metal on Metal
· Metal on Polymer
Indication
· Spinal Trauma
· Degenerative Spine Disease
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Globus Medical
· Medtronic Plc
· Centinel Spine
· Zimmer Biomet
· B. Braun Melsengen
· Orthofix Medical
· NuVasive INC
· Aesculap INC
· Spine Art S.A.
· AxioMed LLC
· Other Players

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Issued By James
Country United Arab Emirates
Categories Health , Manufacturing , Medical
Tags artificial disc market , artificial disc market size , artificial disc market share , artificial disc market news
Last Updated December 20, 2023