Global Artificial Discs Market Overview:
A "disc" is a soft cushioning structure located between the individual bones of the spine that allows motion or carry the load. An Artificial Disc is a device that is implanted into the spine to imitate the functions of a normal disc. Artificial disc replacement technique has been recognized to have better long-term results and a cost-efficient alternative for spinal fusion. One of the major advantages of artificial disc replacement over a spinal fusion is motion preservation. Three cervical artificial discs currently have Food and Drug Administration (FDA) approval. These include the ProDisc-C cervical disc, the Prestige ST Cervical Disc, and the Bryan cervical disc, Medtronic. The global market of Artificial discs is expected to witness steady growth owing to the sedentary lifestyle.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Flexible Polymer Discs Allow Better Shock Absorption and Motion and Hence Are Gaining Popularity and Metal on Biopolymer Discs are Preferred Since They Facilitate Convenient Disc Insertion during the Operation
Market Growth Drivers:
Rise in Artificial Disc Replacement Operations due to Soaring Success Rates of Surgeries
Challenges:
Device Related Complications Such As Subsequent Surgeries, Heterotopic Ossification, Device Malfunction or Failure and Host Response to the Implant
Restraints:
Challenging Surgical Techniques with a Long Learning Curve and Fear of Late Complications, Dislocation, and Reimbursement Issues
Opportunities:
Increasing Prevalence of Spinal Disorders Owing To Sedentary Lifestyle and Obesity and Surge In Net Disposable Income and Strong Reimbursement Policies
Competitive Landscape:
Artificial Discs market is a fragmented market due to the presence of various players. The players focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Aesculap (Germany), DePuy Synthes (United States), Stryker Corporation (United States), Medtronic plc (United States), SpineGuard (France), Orthofix (United States), NuVasive (United States), Joimax Inc. (United States), Globus Medical Inc (United States), AxioMed LLC (United States) and Medicrea (France). Additionally, following companies can also be profiled that are part of our coverage like Vertebral Technologies (United States), Medacta (Switzerland), Vexim SA (France), Signus Medizintechnik GmbH (Germany) and Spinal Kinetics Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Artificial Discs market by 2028. Considering Market by By Material Type, the sub-segment i.e. Metal-on-Polymer will boost the Artificial Discs market.
Latest Market Insights:
In August 2019, NuVasive (NUVA) and Siemens Healthineers entered into a Spine Precision Partnership to integrate NUVA's Pulse surgical automation platform with Siemens' Cios Spin mobile 3D C-arm. The companies will develop intra-operative 3D imaging and navigation tools to support quality assurance in minimally invasive spine surgery and improve O.R. workflow efficiency. This can offer hospitals an alternative to cost-intensive CT scans.
In July 2021, Aesculap Implant Systems, LLC, announced the long-term reporting from its pivotal IDE trial for the activL artificial disc which is used for treatment of patients with symptomatic single-level lumbar degenerative disc disease (DDD).
The Prestige LP artificial cervical disc was approved by the FDA in 2014. The Prestige LP differs from the original Prestige cervical disc in terms of material and fixation. In more recent years, continued FDA approval requires completion of 2 post-approval studies. One of the studies provides extended follow-up of the premarket pivotal cohort out to 7 years. Another study provides 10-year enhanced surveillance of adverse event data. Continued approval is contingent on submission of annual reports, which include the number of devices sold, heterotopic ossification, device malfunction, device removal, or other serious device-related complications, and analysis of all explanted discs.
What Can be Explored with the Artificial Discs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Artificial Discs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Artificial Discs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Artificial Discs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Artificial Discs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Artificial Disc Manufacturers, Medical Device Manufacturers, Healthcare Providers, Government Associations, Artificial Disc Distributors and Suppliers, Research Institutes and Academic Centers, Contract Research Organizations (CROS) and Market Research and Consulting.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.