Rheumatoid Arthritis in Elbows

Artificial Disc Market To Crack $1B By 2030

The artificial disc replacement market is expexted to surpass $1.3 billion by 2030, according to Vantage Market Research.

Five notes: 

1. The disc replacement market, which was valued at $600 million in 2022, is projected to grow 12.3 percent between 2023 to 2030, according to a Sept. 25 news release.

2. One of the main growth-driving factors is the uptick in degenerative disc disease cases. Cervical disc replacement in 2022 saw the largest share of the market.

3. North America led the artificial disc replacement market in 2022, and the Asia-Pacific region is expected to see the fastest growth between 2023 and 2030.

4. Top companies in the disc replacement market include Medtronic, Orthofix and Aesculap.

5. Additional growth factors named include a growing aging population, advancements in disc replacement technology and the increased preference for motion preservation instead of spinal fusion.

Cervical Myelopathy: Cervical Spinal Cord Compression

Content

Cervical myelopathy is a condition that happens when the spinal cord in the neck is compressed or squeezed. There are many things that can cause this, but one of the most common is cervical spondylotic myelopathy, which happens when the spine changes with age. This condition is more common in individuals over 50. The changes in the spine can cause disc herniations or growth in the ligaments in the back of the spine. Other causes include hardening of the posterior longitudinal ligament or the ligamentum flavum, which are soft tissue bands that normally help support the cervical spine. Sometimes people are born with a narrow spinal canal, which can also make them more likely to develop cervical myelopathy.

Symptoms of myelopathy can include a loss of fine motor skills, coordination problems and pain or stiffness in the neck. Patients may also experience numbness, tingling and weakness in the shoulders, arms and hands. Symptoms typically start slowly and worsen gradually over time, leading to a decrease in functional ability. Older patients and those who have had symptoms for more than 18 months generally have a worse prognosis.

Non-surgical treatments for myelopathy include anti-inflammatory medications, physical therapy and corticosteroid injections. However, these treatments only provide temporary relief, and if symptoms continue to worsen, surgery may be necessary. The goal of surgery is to relieve pressure on the spinal cord by decompressing the spinal canal.

There are two main approaches to surgery: the posterior approach, in which a portion of the posterior aspect of the spinal canal is removed in a procedure known as laminectomy, and the anterior approach, in which the intervertebral disc is removed and the remaining vertebral bones are fused to create more space in the spinal canal. This procedure is known as an anterior cervical discectomy and fusion (ACDF). Your surgeon can recommend a specific surgery based on your situation and symptoms. 

Artificial Disc Replacement Market Size & Share To Surpass $1.3 Billion By 2030Vantage Market Research

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WASHINGTON, Sept. 25, 2023 (GLOBE NEWSWIRE) -- As per Vantage Market Research, the Global Artificial Disc Replacement Market has been steadily growing due to the increasing prevalence of degenerative disc diseases and the rising geriatric population.

According to Vantage Market Research, the global Artificial Disc Replacement Market is estimated to be valued at USD 1.3 Billion by 2030 and is expected to exhibit a CAGR of 12.3% from 2023 to 2030. The global Artificial Disc Replacement market grew to USD 0.6 Billion in 2022.

Artificial Disc Replacement is a surgical intervention that replaces a damaged or degenerated spinal disc with an artificial one. There are two main types of artificial discs: total disc replacement and disc nucleus replacement. Total disc replacement involves replacing the entire disc with a prosthetic, while disc nucleus replacement only replaces the disc's inner core. Artificial Disc Replacement aims to relieve pain, restore mobility, and maintain normal spinal function for individuals with disc-related problems.

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Key Highlights

The increasing prevalence of degenerative disc disease owing to chronic back pain is raising the number of spinal surgeries performed around the globe. This is one of the main factors driving the industry's growth.

The Metal & Plastic category of the Material Type segment led the market in 2022 owing to the vast usage of plastics for manufacturing artificial discs, while the metal segment held a significant share due to rising research activities in the segment.

The cervical disc replacement segment held the largest share of the market in 2022 because of the high product availability.

North America led the global Artificial Disc Replacement industry in 2022, accounting for a revenue share of more than 42.90% owing to the presence of significant companies in the area.

The Asia Pacific is expected to be the fastest- CAGR from 2023 to 2030 because of the region's rising awareness regarding spinal surgeries.

Story continues

The Artificial Disc Replacement market is set to experience substantial growth due to the rising prevalence of spinal disorders and the demand for minimally invasive surgeries. Factors such as advancements in Artificial Disc Replacement devices and the growing geriatric population also contribute to market growth. Key players in the market are Medtronic, Orthofix Medical Inc., Globus Medical, Aesculap Inc., Zimmer Biomet, to mention a few. Hence, there are several choices for patients in a very competitive market.

Top Companies in The Global Artificial Disc Replacement Market

Medtronic PLC (Ireland)

Orthofix Medical Inc. (U.S.)

Globus Medical (U.S.)

Aesculap Inc. (U.S.)

NuVasive Inc. (U.S.)

AxioMed LLC (U.S.)

Zimmer Biomet (U.S.)

SpineArt SA (Switzerland)

Synergy Spine Solutions Inc. (U.S.)

Centinel Spine (U.S.)

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Factors affecting the growth of the Artificial Disc Replacement Industry

There are notable factors influencing the growth of the Artificial Disc Replacement industry and, in turn, shall affect the global market. Some of these factors include:

Increasing prevalence of degenerative disc diseases: The Artificial Disc Replacement industry is primarily driven by the rising incidence of degenerative disc diseases, such as herniated discs, osteoarthritis, and spinal stenosis. According to the Global Burden of Disease Study (GBD) report, approximately 10-15% of the global population experiences lower back pain due to these conditions.

Aging population and associated spinal disorders: The aging population is also a significant factor in the industry's growth. As people age, the risk of developing spinal disorders increases. According to the United Nations, the global population of individuals aged 60 years or above is expected to reach 2.1 billion by 2050, further driving the demand for Artificial Disc Replacements.

Advancements in technology: Technological progress in the field of Artificial Disc Replacements, such as the development of next-generation materials (e.G., metal-on-metal, metal-on-polymer, or ceramic-on-ceramic), minimally invasive surgical techniques, and computer-assisted navigation, have tremendously improved the success rates and efficacy of these devices. These advancements have attracted both patients and healthcare providers to this treatment option.

Growing preference for motion preservation over fusion surgeries: Spinal fusion surgeries were traditionally performed to treat degenerative disc diseases. However, these surgeries restrict the natural movement of the spine, leading to increased stress on adjacent discs and potential long-term complications. As a result, there is a growing preference for motion-preserving treatments like Artificial Disc Replacements, as they allow for restoring normal spinal movement and conceivably reduce the risk of adjacent segment degeneration.

Top Trends in the Global Artificial Disc Replacement Market

The global Artificial Disc Replacement market is witnessing several key trends, including a rise in minimally invasive surgeries and increased adoption of synthetic disc replacement procedures. Advancements in implant materials and designs also contribute to market growth, along with the growing prevalence of degenerative disc diseases and favorable reimbursement policies. For example, 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. Furthermore, the market is expected to expand in emerging economies due to technological advancements and the development of next-generation Artificial Disc Replacement devices.

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Recent Development of the Global Artificial Disc Replacement Market

In September 2022, NuVasive, Inc. Introduced Reline Cervical, a new posterior cervical fusion (PCF) fixation system. This product aims to offer a less invasive spinal disc replacement procedure. The launch of Reline Cervical is part of an integrated solution that aims to provide compatibility and a comprehensive solution for patients. NuVasive, Inc. Hopes to strengthen its position in the competitive artificial disc market by offering this innovative product.

In July 2022, Medtronic recently received approval from the U.S. FDA for its UNiD Spine Analyzer. This advanced algorithm utilizes machine learning and Artificial Disc Replacement data to assist surgeons in planning lower lumbar spinal replacements and designing compensative mechanisms after six months of surgery. This development provides Medtronic with a notable competitive edge in the market as it allows for highly customized patient procedures.

Market DriversThe broader acceptance of surgical treatments, less tissue disruption, and patient trauma are expected to boost the market's growth. Furthermore, market players anticipate a more comprehensive merging of vendors in the spine segment, which is also likely to provide opportunities in the market. The rising number of technological advancements further complements this.

Market players' increasing number of clinical trials related to artificial discs also support the market growth. For instance, Medtronic is sponsoring a clinical practice related to the Prestige LP Cervical Disc for treating cervical degenerative disc disease, radiculopathy, and myelopathy. Such activities provide various opportunities for the market to grow further.

Market RestraintsThe high cost of Artificial Disc Replacement surgery is a significant obstacle in the market. Research published in the Spine Journal indicates that the average price for this procedure in the U.S. Is approximately USD 49,000. As a result, the expense becomes unaffordable for many patients, severely restricting its adoption and impeding market expansion. Moreover, numerous insurance companies do not cover Artificial Disc Replacement surgery, limiting its accessibility to patients.

Market OpportunitiesThe Artificial Disc Replacement market is witnessing significant growth as companies develop innovative products to replace traditional spinal fusion surgeries. Factors such as rising cases of chronic back pain, increasing demand for minimally invasive procedures, and technological advancements drive this growth. A finding published by the NCBI in March 2021 revealed a 27.3% prevalence rate of diagnosed spine degenerative disease in the United States. Technological advancements and FDA approvals for Artificial Disc Replacement devices also expand this market.

Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on Artificial Disc Replacement Market Forecast Report (2023-2030).

Report Segmentation of the Global Artificial Disc Replacement Market

Material Type AnalysisThe Metal & Plastic category dominated the market with the largest share because of higher operational success rates and the benefits of medical plastic and metal hybrid surfaces over traditional metal-on-metal. The global Artificial Disc Replacement market is based on material types segmented into metal and metal + plastic. For Example, an article published by The Spine Journal reported a high success rate in metal over plastic (MOP) artificial discs in healthcare seekers without developing adjacent segment disease (ASD), a condition prevalent in patients after surgery after implanting traditional discs. Additionally, the Metal segment is expected to grow during the forecast period owing to rising research applications in the area of orthopedics along with minimum wear and tear advantages of metal-on-metal discs post-surgery.

Indication AnalysisCervical Disc Replacement dominated the most significant share due to the rising number of disc degeneration cases in the cervical discs compared to the lumbar discs. The global Artificial Disc Replacement market is based on indication analysis segmented into cervical and lumbar disc replacement. 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. Furthermore, the high number of synthetic cervical disc replacement products is also expected to boost the segment growth.

Global Artificial Disc Replacement Market Segmentation

By Material Type

By Indication

By Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Scope of the Report:

Report Attributes

Details

Market Size in 2022

USD 0.6 Billion

Revenue Forecast by 2030

USD 1.3 Billion

CAGR

12.3% from 2023 to 2030

Base Year

2022

Forecast Year

2023 to 2030

Key Players

Medtronic PLC, Orthofix Medical Inc., Globus Medical, Aesculap Inc., NuVasive Inc., AxioMed LLC, Zimmer Biomet, SpineArt SA, Synergy Spine Solutions Inc., Centinel Spine

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Regional Analysis

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, North America held the dominance of the global market share for multiple sclerosis therapeutics, with a market share of 42.90% in 2022. For Example, 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. Additionally, North America has advanced healthcare infrastructure and a favorable reimbursement scenario, making it easier for patients to access this treatment option.

The Asia Pacific market is remunerative due to several possible areas for future enlargement. This can be attributed to several factors, including the increasing prevalence of degenerative disc diseases and rising healthcare expenditure in emerging economies like China and India. Moreover, advancements in technology and increasing awareness about the benefits of Artificial Disc Replacement procedures contribute to the industry's growth in this region.

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