Artificial Disc Market to Expand at a Considerable CAGR of 11.15% Reaching USD 2.69 Billion by 2026, Analyzes DelveInsight
The Artificial Disc market is slated towards a positive market growth owing to factors such as the increasing geriatric population, rising prevalence of degenerative disc disorders, growing number of trauma cases & sports-related injuries, and increasing product development activities, among other factors.
LAS VEGAS, March 21, 2022 /PRNewswire/ -- DelveInsight's Artificial Disc Market Insights and Forecast report provides the current and forecast Artificial Disc Market, upcoming innovation in the devices, individual market shares, challenges, drivers and barriers, market trends, and key competitors in the Artificial Disc Market.
Some of the salient features from the Artificial Disc Market report:
- As per DelveInsight analysis, in terms of revenue share, North America is predicted to register the fastest growth in the Artificial Disc market.
- Key players working proactively in the Artificial Disc Market include Stryker, Zimmer Biomet, DePuy Synthes (Medical Devices Business Services, Inc.), Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine®, LLC, SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.
- DelveInsight analyzes that Global Artificial Disc Market was valued at USD 1.44 billion in 2020, growing at a CAGR of 11.15% during the forecast period from 2021 to 2026 to reach USD 2.69 billion by 2026.
- In July 2021, Aesculap Implant Systems, LLC announced the long-term reporting from its pivotal trial for the activl® Artificial Disc.
- In April 2021, NuVasive Inc. received the product FDA approval for the Simplify® Cervical Artificial Disc for two-level cervical total disc replacement (cTDR).
- In February 2021, NuVasive Inc. acquired Simplify Medical helping the former expand its product portfolio with the acquisition of the most clinically effective cTDR technology
- In March 2018, Orthofix International N.V acquired Spinal Kinetics LLC which helped Orthofix expand their Spine Fixation product portfolio with the inclusion of the Spinal Kinetics M6™ Artificial Discs.
To pick on the latest highlights related to Artificial Disc, get the snapshot of the key highlights entailed in the Artificial Disc Market Report
Artificial Disc Overview
An Artificial Disc is a prosthetic device that is used in the replacement of diseased vertebrae and substitute for the functionality of normal disc in providing load-bearing capacity and allowing for unhindered and painless movement of the spine. For most patients, an Artificial Disc replacement will last an average of 70 years without the need for a revision Artificial Disc replacement. Most of the Artificial Discs are made of a metal (such as titanium or cobalt-chromium) outer shell with an inside made of medical-grade plastics. However, all Artificial Discs share the same purpose: to replace damaged discs while retaining movement and flexibility.
Artificial Disc Market Insight
Among all the regions, North America is expected to occupy a major share in the overall Artificial Disc market during the forthcoming years. This domination can be ascribed to the significant growth factors such as the rising prevalence of geriatric population, increasing incidence of spinal disorders, rising government initiatives, and increased awareness regarding the disease progression and possible treatments are expected to aid in the growth of North America Artificial Disc Market. Furthermore, high disposable income, healthcare expenditure, new product approvals, and increased awareness regarding available treatments for spine-related disorders also propelled the Artificial Disc market growth in this region. Moreover, the presence of a well-regulated reimbursement channel for spine surgeries and the presence of highly equipped healthcare facilities in Northern America are further expected to drive the North America Artificial Disc market during the forecast period.
For instance, in February 2021, NuVasive Inc. acquired Simplify Medical helping the former expand its product portfolio with the acquisition of the most clinically effective cTDR technology and further distinguishing NuVasive's cervical portfolio in the Artificial Disc market.
Click here to understand more about the Artificial Disc Market Landscape @ Artificial Disc Market Assessment
Artificial Disc Market Dynamics
The Artificial Disc market is slated towards a positive market growth due to factors such as the increasing geriatric population, rising prevalence of degenerative disc disorders, a growing number of trauma cases and sports-related injuries, technological advancements and increasing product development activities. Furthermore, lower back pain is considered as one of the chief complaints pointing towards underlying spine-related disorder, increasing the scope of growth for the Artificial Disc market. In addition, to address the shortcomings associated with spinal fusion procedures, spinal non-fusion approaches such as Artificial Discs Replacement are gaining popularity among end-users impacting the growing demand for spinal Artificial Discs in the market globally.
However, on the other hand, limited applicability in patients with advanced bone degeneration and stringent regulatory process for market approval may be certain impeding factors to the Artificial Disc market growth. Also, the sudden outbreak of COVID-19 led to a backlog of surgical procedures and interruption in routine patient care followed by suspension of routine surgeries during the crisis. Also, many health organizations have canceled routine clinical visits to curb the transmission of the virus. These are
To gain a better understanding of the COVID-19 impact on Artificial Disc, get a snapshot of the Artificial Disc Market Analysis
Scope of the Artificial Disc Market Report
- Coverage: Global
- Study Period: 2021-2026
- Market Segmentation By Product Type - Cervical and Lumbar
- Market Segmentation By Material Type - Metal-On-Polymer, and Others
- Market Segmentation By End-User- Hospitals and Specialty Clinics
- Market Segmentation By Geography - North America, Europe, Asia-Pacific, and Rest of World
- Key Artificial Disc Companies - Stryker, Zimmer Biomet, DePuy Synthes (Medical Devices Business Services, Inc.), Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine®, LLC, SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.
- Porter's Five Forces Analysis
- Product Profiles
- Case Studies
- KOL's Views
- Analyst's View
Delveinsight Analysis: The Global Artificial Disc market was valued at USD 1.44 billion in 2020, growing at a CAGR of 11.15% during the forecast period from 2021 to 2026 to reach USD 2.69 billion by 2026.
Know more about which MedTech player is set to emerge as the trendsetter in Artificial Disc Industry, Visit @ Artificial Disc Market Landscape Analysis
Table of Contents
1 |
Artificial Disc Market Report Introduction |
2 |
Artificial Disc Market Executive summary |
3 |
Regulatory and Patent Analysis |
4 |
Artificial Disc Market Key Factors Analysis |
5 |
Artificial Disc Porter's Five Forces Analysis |
6 |
COVID-19 Impact Analysis on Artificial Disc Market |
7 |
Artificial Disc Market Layout |
8 |
Artificial Disc Market Global Company Share Analysis – Key 3-5 Companies |
9 |
Artificial Disc Market Company and Product Profiles |
9.1 Stryker 9.2 Zimmer Biomet 9.3 DePuy Synthes 9.4 Medtronic 9.5 Globus Medical 9.6 B. Braun Melsungen AG 9.7 Orthofix Medical Inc 9.8 NuVasive Inc 9.9 Centinel Spine®, LLC 9.10 SYNERGY SPINE SOLUTIONS INC |
|
10 |
Project Approach |
11 |
KOL Views |
12 |
DelveInsight Capabilities |
13 |
Disclaimer |
14 |
About DelveInsight |
Learn more about the report offerings @ Artificial Disc Market Outlook
Related Reports
DelveInsight's 'Skin Grafting Devices Market Insights, Competitive Landscape and Market Forecast–2026' report delivers an in-depth understanding of Skin Grafting Devices and the historical and forecasted Skin Grafting Devices market trends in the US, EU5, Japan, market drivers, market barriers and key Skin Grafting Devices companies involved like Zimmer Inc, Aesculap, Inc, B. Braun Company, Exsurco Medical, PFM Medical, Rudolf Storz, AYGUN Surgical Instruments Co. Inc, Desoutter Medical, LUTZ blades, Spiggle & Theis, and many more.
DelveInsight's 'Dermatoscopes Market Insights, Competitive Landscape and Market Forecast-2026' report delivers an in-depth understanding of Dermatoscopes and the historical and forecasted Dermatoscopes market trends, market drivers, market barriers, and key Dermatoscopes companies involved like Canfield Scientific, Inc, 3Gen, FotoFinder Systems, Inc, Optilia, HEINE Optotechnik GmbH & Co. KG, Caliber Imaging & Diagnostics, Inc, Firefly Global, ILLUCO Corporation Ltd, Welch Allyn, Bio-Therapeutic, and many more.
DelveInsight's 'Dermatome Devices Market Insights, Competitive Landscape and Market Forecast-2026' report deliver an in-depth understanding of dermatome devices and the historical and forecasted dermatome devices market trends, market drivers, market barriers, unmet needs, and key Dermatome Devices companies involved like Nouvag, Aesculap, Integra, Zimmer Biomet, B.Braun Melsungen, Humeca, DeSoutter Medical, Aygun Surgical Instruments, Richard Wolf GmbH, Surtex Instruments Limited, and many more.
Radiofrequency Ablation Devices Market
DelveInsight's 'Radiofrequency Ablation Devices Market Insights, Competitive Landscape and Market Forecast - 2026' report delivers an in-depth understanding of Radiofrequency Ablation Devices and the historical and forecasted Radiofrequency Ablation Devices market trends in the US, EU5, Japan, market drivers, market barriers and unmet medical needs to curate best of the opportunities and key Radiofrequency Ablation Devices companies involved like Stryker Corporation, St. Jude Medical, Inc, Medtronic Plc, Boston Scientific Corporation, C. R. Bard, Inc., AngioDynamics, Inc., Hologic, Inc., AtriCure, Inc., Johnson & Johnson, Baylis Medical, Arthrex, Inc, and many more.
Laser Resurfacing Devices Market
DelveInsight's 'Laser Resurfacing Devices Market Insights, Competitive Landscape and Market Forecast - 2026' report delivers an in-depth understanding of Laser Resurfacing Devices and the historical and forecasted Laser Resurfacing Devices market trends, market drivers, market barriers, and key Laser Resurfacing Devices companies involved like Altair Instruments, Lynton Lasers Ltd, Cutera, Quanta System, Candela Medical, Quanta System, Sciton, Inc, SharpLight Technologies Inc, Coherent, Inc. and many more.
DelveInsight's 'Urology Lasers Market Insights, Competitive Landscape, and Market Forecast–2026' report delivers an in-depth understanding of Urology Lasers and the historical and forecasted Urology Lasers market trends, market drivers, market barriers, and key Urology Lasers companies involved such as Olympus Corporation, Stryker Corporation, Boston Scientific Corporation, Richard Wolf GmbH, Cook Medical Incorporated, KARL STORZ GmbH, Lumenis Ltd. and many others.
Interested to know more about the breakthrough happenings? Take a look at the posts below
- MedTech Industry Roars Back as FDA Approvals Soar
- The New Buzz of Transcranial Stimulation Devices in the Neurological Disorders Market
- Medical Devices Market Blooms as the Key MedTech Companies Continue to Bring-In Innovation
- Wearable Devices: Weighing the Potential Benefits and Pitfalls of the Innovative Wearable Products
- Market Heats Up as Managing Benign Prostatic Hyperplasia Through Devices Gains Traction
About DelveInsight
DelveInsight is a leading Business Consultant, and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing comprehensive end-to-end solutions to improve their performance. Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.
Connect With Us at LinkedIn | Facebook | Twitter
Contact Us
Shruti Thakur
[email protected]
+1(919)321-6187
www.delveinsight.com
SOURCE DelveInsight Business Research, LLP
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO98028&Transmission_Id=202203211130PR_NEWS_USPR_____IO98028&DateId=20220321)
Share this article