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 increase observed in the historical period can be credited to cost-efficiency and improved healthcare accessibility, the preference of patients for motion preservation, regulatory approval and adherence to standards, clinical efficacy, and long-term outcomes, as well as advancements 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 increase anticipated in the forecast period can be ascribed to a competitive industry landscape, cost-efficiency in healthcare, positive clinical outcomes, a preference for motion preservation, and a rise in minimally invasive procedures. Prominent trends expected in the forecast period involve patient-centric care and shared decision-making, advancements in surgical techniques, approaches in regenerative medicine, the expansion of indications for use, and the integration of advanced imaging techniques.

The anticipated increase in spinal cord injuries is expected to drive the growth of the artificial disc market in the future. Spinal cord injuries encompass trauma, damage, or harm to various structures within the spine, including vertebrae, intervertebral discs, ligaments, muscles, nerves, and supporting structures. Artificial discs prove beneficial in these cases by providing a surgical alternative to spinal fusion, restoring normal motion, alleviating discogenic back pain, offering flexibility, and mitigating potential side effects associated with fusion surgery. For example, a report from the New Zealand Spinal Trust in October 2022 highlighted a rise in the incidence of sporting and recreational spinal cord injuries, increasing from 14% in 2020 to 19% in 2021. Wheeled non-motorsports, water-related accidents, and horse-related accidents accounted for significant percentages of these injuries. Hence, the increasing occurrence of spinal cord injuries is a key factor propelling the growth of the artificial disc market.

The growing preference for minimal surgical procedures is expected to contribute to the growth of the artificial disc market. Minimal surgical procedures involve medical interventions with minimal disruption to the body's tissues and structures, often utilizing artificial discs in spine surgeries. Patients opt for these procedures due to reduced pain, faster recovery times, fewer complications, improved outcomes, and cost savings in healthcare. For instance, a report from the International Society of Aesthetic Plastic Surgery in January 2023 noted a 19.3% overall increase in procedures performed by plastic surgeons in 2021 compared to 2020. This included both surgical and non-surgical procedures performed globally. Thus, the increasing adoption of minimal surgical procedures is fostering the growth of the artificial disc market.

The high cost associated with artificial discs is expected to pose a challenge to the market's growth during the forecast period. The significant expense linked to the surgical implantation of artificial intervertebral discs can impact their availability, adoption, and utilization in medical practices. For instance, as of May 2023, the Center for Artificial Disc Replacement reported that lumbar artificial disc replacement surgery might cost up to 50% more than cervical disc replacement surgery. Consequently, the high cost of artificial discs is hindering the growth of the artificial disc market.

Leading companies in the artificial disc market are actively developing innovative products with advanced technologies to enhance their market presence and revenues. One such example is the Simplify Disc designed for two-level cervical total disc replacement, offering comprehensive solutions for cervical spine procedures. In April 2021, NuVasive Inc., a US-based medical device company, received approval from the US Food and Drug Administration for NuVasive Simplify Cervical Artificial Disc, designed for two-level cervical total disc replacement. This disc, part of NuVasive's C360 portfolio, features enhanced MRI visibility, multiple anatomical disc height options, and a proprietary design mimicking natural spine motion.

In February 2021, NuVasive's acquisition of Simplify Medical Inc. for $150 million aims to expand its product offerings in the cervical spine market and leverage Simplify Medical's expertise in minimally invasive spine surgery. Simplify Medical Inc. is a US-based company specializing in manufacturing artificial cervical discs for the spine.

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.

North America was the largest region in the artificial disc market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial disc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the artificial disc market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The artificial disc market consists of sales of composite discs, hydraulic discs, elastic discs, and saddle discs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The primary categories of artificial discs encompass cervical discs, lumbar discs, and artificial discs. The term 'cervical disc' pertains to intervertebral discs situated in the cervical spine, which constitutes the uppermost section of the vertebral column in the human spine. The materials utilized for these artificial discs include metal and plastic. The diverse applications encompass spinal trauma and degenerative spine disease, catering to various end-users such as hospitals and specialty clinics.

The artificial disc market research report is one of a series of new reports that provides artificial disc market statistics, including the artificial disc industry global market size, regional shares, competitors with an artificial disc market share, detailed artificial disc market segments, market trends and opportunities, and any further data you may need to thrive in the artificial disc industry. This artificial disc market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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