The global artificial disc replacement market size was estimated to be USD 0.658 billion in 2023 and is expected to reach at USD 2.23 billion by 2034 with a CAGR of 11.73% during the forecast period 2024-2034. A rising incidence of trauma-related and sports injuries, a surge in the number of orthopedic surgeries, increasing technological advancements, a growing geriatric population, an escalating burden of degenerative spine conditions, an increasing demand for minimally invasive surgical procedures, and increase in the approval of artificial disc replacement products are some of the key factors boosting the market growth.
Increase in the approval of artificial disc replacement products is predicted to boost the market growth during the forecast period. Artificial disc replacement surgeries are conducted for patients experiencing back pain attributable to degenerated discs. For instance, in August 2023, ZimVie has received approval from the U.S. Food and Drug Administration for a modified version of its Mobi-C spinal implant.
By material type, metal + plastic was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the most cervical total disc replacement implants consist of variations of metal alloy-based inferior and superior prosthetic endplates that articulate with a central medical-grade plastic core, growing emphasis on developing innovative products, and the generally high success rate of procedures involving metal and plastic artificial disc replacement. For instance, in November 2023, The results of a U.S. clinical research comparing the M6-C artificial cervical disc with anterior cervical discectomy and fusion (ACDF) have been made public by widely recognized worldwide spine and orthopedics business Orthofix Medical Inc. Additionally, metal is predicted to grow at the fastest CAGR during the forecast period owing to the growing number of research activities driven by the potential of metals to mitigate long-term wear, coupled with a surge in technological developments.
By indication, cervical disc replacement was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the increasing incidence of disc degeneration cases in the cervical discs compared to the lumbar discs, and there is also a high number of products available for artificial cervical disc replacement. Additionally, lumbar disc replacement is predicted to boost the market growth during the forecast period owing to the growing technological advancements, heightened research activity in the field, and increased collaborations among market players. This procedure, characterized by the absence of bone fusion, results in a shorter recovery time compared to other spinal procedures, which is anticipated to have a positive impact on market growth. For instance, in October 2022, Orthofix and SeaSpine have formally agreed to merge through a definitive merger agreement, aiming to establish a prominent company in the spine and orthopedics industry.
By end-user, ambulatory surgical centers was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the increasing prevalence of artificial disc replacement procedures conducted in ambulatory surgical centers (ASCs) is attributed to the favorable reimbursement landscape and a rising preference for minimally invasive spine treatments. ASCs provide convenient and cost-effective healthcare options, coupled with access to advanced medical equipment and implants, making them attractive to a sizable patient population. Additionally, hospitals is predicted to boost the market growth during the forecast period owing to the increasing preference among the population, a growing number of surgical procedures, and the rising adoption of advanced devices. For instance, in November 2022, Centinel Spine®, LLC, a prominent global medical device company specializing in addressing cervical and lumbar spinal disease through anterior surgical access, has reported the initial implantation of its prodisc C SK Cervical Total Disc Replacement (TDR) product.
North America region is anticipated for the highest revenue share during the forecast period owing to the key factors influencing the healthcare landscape include the significant presence of key industry players, the presence of technologically advanced hospitals, a high proportion of aging population, a rising incidence of spinal disorders leading to an increased number of disc replacement surgeries, and a notable increase in regulatory approvals for innovative products. in February 2023, NuVasive has obtained approval from the FDA for its FlexiCore artificial disc designed for the lumbar spine. The FlexiCore, which is made of non-metal materials, is crafted to offer a more natural feel and movement compared to metal discs. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the companies are increasing their investments to broaden their regional footprint, driven by the growing demand for minimally invasive procedures and the increasing number of approvals granted by regulatory bodies. For instance, in March 2023, Medtronic has obtained FDA approval for its ProDisc-L artificial disc intended for the lumbar spine. This mobile-bearing disc is specifically engineered to offer pain relief and restore spinal function.
Increase in the approval of artificial disc replacement products is predicted to boost the market growth during the forecast period. Artificial disc replacement surgeries are conducted for patients experiencing back pain attributable to degenerated discs. For instance, in August 2023, ZimVie has received approval from the U.S. Food and Drug Administration for a modified version of its Mobi-C spinal implant.
By material type, metal + plastic was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the most cervical total disc replacement implants consist of variations of metal alloy-based inferior and superior prosthetic endplates that articulate with a central medical-grade plastic core, growing emphasis on developing innovative products, and the generally high success rate of procedures involving metal and plastic artificial disc replacement. For instance, in November 2023, The results of a U.S. clinical research comparing the M6-C artificial cervical disc with anterior cervical discectomy and fusion (ACDF) have been made public by widely recognized worldwide spine and orthopedics business Orthofix Medical Inc. Additionally, metal is predicted to grow at the fastest CAGR during the forecast period owing to the growing number of research activities driven by the potential of metals to mitigate long-term wear, coupled with a surge in technological developments.
By indication, cervical disc replacement was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the increasing incidence of disc degeneration cases in the cervical discs compared to the lumbar discs, and there is also a high number of products available for artificial cervical disc replacement. Additionally, lumbar disc replacement is predicted to boost the market growth during the forecast period owing to the growing technological advancements, heightened research activity in the field, and increased collaborations among market players. This procedure, characterized by the absence of bone fusion, results in a shorter recovery time compared to other spinal procedures, which is anticipated to have a positive impact on market growth. For instance, in October 2022, Orthofix and SeaSpine have formally agreed to merge through a definitive merger agreement, aiming to establish a prominent company in the spine and orthopedics industry.
By end-user, ambulatory surgical centers was the highest revenue-grossing segment in the global artificial disc replacement market in 2023 owing to the increasing prevalence of artificial disc replacement procedures conducted in ambulatory surgical centers (ASCs) is attributed to the favorable reimbursement landscape and a rising preference for minimally invasive spine treatments. ASCs provide convenient and cost-effective healthcare options, coupled with access to advanced medical equipment and implants, making them attractive to a sizable patient population. Additionally, hospitals is predicted to boost the market growth during the forecast period owing to the increasing preference among the population, a growing number of surgical procedures, and the rising adoption of advanced devices. For instance, in November 2022, Centinel Spine®, LLC, a prominent global medical device company specializing in addressing cervical and lumbar spinal disease through anterior surgical access, has reported the initial implantation of its prodisc C SK Cervical Total Disc Replacement (TDR) product.
North America region is anticipated for the highest revenue share during the forecast period owing to the key factors influencing the healthcare landscape include the significant presence of key industry players, the presence of technologically advanced hospitals, a high proportion of aging population, a rising incidence of spinal disorders leading to an increased number of disc replacement surgeries, and a notable increase in regulatory approvals for innovative products. in February 2023, NuVasive has obtained approval from the FDA for its FlexiCore artificial disc designed for the lumbar spine. The FlexiCore, which is made of non-metal materials, is crafted to offer a more natural feel and movement compared to metal discs. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the companies are increasing their investments to broaden their regional footprint, driven by the growing demand for minimally invasive procedures and the increasing number of approvals granted by regulatory bodies. For instance, in March 2023, Medtronic has obtained FDA approval for its ProDisc-L artificial disc intended for the lumbar spine. This mobile-bearing disc is specifically engineered to offer pain relief and restore spinal function.
Segmentation: Artificial Disc Replacement Market Report 2023 - 2034
Artificial Disc Replacement Market Analysis & Forecast by Material Type 2023 - 2034 (Revenue USD Bn)
- Metal + Plastic
- Metal
Artificial Disc Replacement Market Analysis & Forecast by Indication 2023 - 2034 (Revenue USD Bn)
- Lumbar Disc Replacement
- Cervical Disc Replacement
Artificial Disc Replacement Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Specialty Clinic
- Ambulatory Surgical Centers
- Hospitals
Artificial Disc Replacement Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Artificial Disc Replacement Market: Material Type Estimates & Trend Analysis
8. Artificial Disc Replacement Market: Indication Estimates & Trend Analysis
9. Artificial Disc Replacement Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Artificial Disc Replacement Market
12. Europe Global Artificial Disc Replacement Market
13. Asia Pacific Global Artificial Disc Replacement Market
14. Latin America Global Artificial Disc Replacement Market
15. MEA Global Artificial Disc Replacement Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- AxioMed LLC
- Orthofix Medical Inc.
- Aesculap Inc.
- Medtronic
- Centinel Spine
- Zimmer Biomet
- SpineArt SA
- NuVasive Inc.
- Globus Medical
- Synergy Spine Solutions Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 0.66 Billion |
| Forecasted Market Value ( USD | $ 2.23 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
