Artificial Disc Market Report, Size, Key Vendors, Demand 2024-2032

Written by Devid Won » Updated on: October 01st, 2024

The Reports and Insights, a leading market research company, has recently releases report titled “Artificial Disc Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Artificial Disc Market Analysis share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Artificial Disc Market?

The global artificial disc market was valued at US$ 1.6 Billion in 2023 and is expected to register a CAGR of 11.1% over the forecast period and reach US$ 4.1 Bn in 2032.

What are Artificial Disc?

An artificial disc, also called a disc replacement or disc prosthesis, is a medical device utilized for treating severe back pain caused by disc issues. It is crafted to substitute a damaged or degenerated spinal disc in the spine. Constructed from materials like metal or a blend of metal and plastic, the artificial disc emulates the function of a natural disc by preserving the spine's flexibility and offering support between neighboring vertebrae. This surgical solution aims to lessen pain and maintain or enhance spinal motion, contrasting with traditional spinal fusion surgery.

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What are the growth prospects and trends in the Artificial Disc industry?

The artificial disc market growth is driven by various factors and trends. The artificial disc market is growing significantly as more patients opt for alternatives to traditional spinal fusion surgery to address severe back pain. This growth is fueled by factors like technological advancements, increased awareness of minimally invasive procedures, and a growing aging population. Innovative designs, offering better durability and motion preservation, are also driving market expansion. North America leads the market, followed by Europe and Asia Pacific. Key players are focusing on strategic collaborations, product launches, and geographical expansions to bolster their market presence. Hence, all these factors contribute to artificial disc market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

Cervical Artificial Disc

Lumbar Artificial Disc

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

AxioMed LLC

Simplify Medical, Inc.

Stryker

Orthofix

Globus Medical

Johnson & Johnson Services, Inc.

Braun Melsungen AG

Zimmer Biomet

Medtronic

LDR Holding Corporation

NuVasive, Inc.

joimax GmbH

VTI - Vertebral Technologies, Inc.

View Full Report: https://www.reportsandinsights.com/report/Artificial Disc-market

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