An artificial disc, also known as disk arthroplasty, is an implantable medical device used to replace damaged discs in the spine. Artificial discs aim to restore physiological function by replicating natural disc motion and maintaining the natural curvature of the spinal column. They are made from materials such as metal alloys and plastics that can withstand millions of cycles of compression and shearing forces without wear or fatigue. Artificial discs provide an alternative to spinal fusion surgery and an option to treat degenerative disc disease without resorting to lifetime immobilization of the spine joint.
The Global Artificial Discs Market is estimated to be valued at US$ 0.86 Bn in 2024 and is expected to exhibit a 13% CAGR over the forecast period 2024 to 2030..
Key Takeaways
Key players operating in the Artificial Discs Market are Sichuan Yongxiang Co. Ltd (Tongwei Co. Ltd), GCL-TECH, DaqoNew Energy Co. Ltd, Wacker Chemie AG, and XinteEnergy Co. Ltd. Major companies are focusing on new product development and approvals to expand their market share. For instance, in 2023, Sichuan Yongxiang received FDA approval for its M6-C artificial cervical disc for the treatment of one or two-level symptomatic cervical disc disease.
The growing prevalence of degenerative disc disease worldwide presents significant opportunities for players in the Artificial Discs Market Size . According to estimates, around 80% of the global population suffers from back pain due to a degenerative spine at some point in their lifetime. With rising healthcare expenditure and awareness, more patients are opting for advanced disc replacement therapies.
Globally, companies are focused on expanding into emerging markets to tap the high growth potential. For example, in 2022, Stryker Corporation received CE Mark approval to market its Modic Lumbar Artificial Disc in Europe. Meanwhile, companies like Johnson & Johnson are strengthening their presence across Asia Pacific and Latin America through strategic partnerships and acquisitions.
Market drivers: Increasing incidence of degenerative disc disease (DDD) due to sedentary lifestyles and obesity is a major market driver. DDD affects over 86% of the global population at some stage of life. Additionally, advantages of artificial discs over fusion surgery such as restored mobility and reduced risk of adjacent level degeneration are increasing adoption.
Market restrain: High costs associated with artificial disc replacement procedures limit their uptake in price-sensitive markets. According to studies, the average cost of a cervical or lumbar disc replacement surgery in the US ranges between USD 30,000 to USD 120,000 without implants. Additionally, the lack of long-term clinical evidence on durability and outcomes restrains market growth to some extent.
Segment Analysis
The artificial discs market can be segmented by material, design, and end-user. The material type segment can further be divided into metal-on-metal and metal-on-biopolymer. The metal-on-biopolymer segment currently dominates the artificial discs market due to its biocompatibility and ability to mimic natural intervertebral discs. In terms of design, the artificial discs are available in unilateral and bilateral types. The bilateral artificial discs are more effective in mimicking natural disc movement and are commonly preferred by surgeons for lumbar disc replacement surgeries. In terms of end users, hospitals account for the maximum share as artificial disc replacement surgeries are usually performed in hospital settings. Orthopedic clinics also contribute to the market growth.
Global Analysis
Regionally, North America has been the largest market for artificial discs due to the rising prevalence of degenerative disc disease and initiatives to promote spine surgery rates in the region. Moreover, the presence of key players and availability of advanced healthcare infrastructure have further strengthened market growth here. Europe holds the second position due to supportive reimbursement structure and government funding for product innovation. Asia Pacific is projected to witness the fastest growth during the forecast period credited to growing health awareness, increasing healthcare spending, and improving access to modern spine treatments in emerging countries like China and India.
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