Artificial Cervical Disc Market

Artificial Cervical Disc Market Size

Artificial Cervical Disc Market size was USD 1.8 billion in 2022 and is projected to grow from USD 2 billion in 2023 to USD 6.8 billion by 2032, exhibiting a CAGR of 14.4% during the forecast period

Artificial cervical disc is an advanced medical device used in spinal surgery to replace damaged or degenerated cervical discs situated in the neck. The device resembles organic structure of a healthy disc by using two metallic endplates which are connect with adjacent vertebrae and a core made of titanium or medical-grade plastics. Its primary objective is to restore normal functioning of spinal-cord, while providing stability through controlled movement and flexibility. Additionally, the artificial cervical disc procedure offers a natural range of motion, unlike fusion surgery, which involves combining vertebrae together. However, multiple aspects are considered before proceeding with artificial disc replacement, such as health and condition of patient, along with the advice of a healthcare professionals. Therefore, even though it offers promising alternatives to conventional treatments, its suitability needs to be carefully evaluated on an individual basis.

Market Highlights

Artificial Cervical Disc Market is expected to exhibit a CAGR of 14.4% during the forecast period

Artificial Cervical Disc Market is projected to achieve USD 6.8 billion, showcasing a substantial compound annual growth rate (CAGR) of 14.4% during the forecast period, owing to the rising incidence of cervical spine disorders and growing awareness for non-invasive surgical treatments. The rising demand for treatments that preserve movement and reduce the need for fusion surgeries has contributed to the significant expansion of artificial cervical disc market. Organizations are increasingly investing in research and development to create biocompatible, durable, and technologically advanced artificial discs. Furthermore, collaborations between medical institutions and industry players have also contributed to developments. Therefore, the growth trajectory of artificial cervical disc appears to be promising, due to the rising demand for technologically advanced solutions and the expanded potential of artificial disc technology beyond its current scope.

Source: Fatpos Global

Artificial Cervical Disc Market Segmentation

Hospital segment will continue to expand as a result of their extensive patient offerings

Based on End-User, the artificial cervical disc market is divided into Hospitals, Specialty Clinics, Orthopedic & Trauma Centers, and Others. Hospital segment dominated the market, owing to their comprehensive infrastructure and access to modern implants and treatment procedures. Their well-equipped resources make them suitable for patients looking for surgeries for specific medical conditions. Additionally, hospitals contain specialized expertise and multiple treatment options which are designed to address common issues such as myelopathy, radiculopathy, and severe neck pain caused by cervical spine disorders. Furthermore, growing demand for prostheses and advanced methods of treatment available in hospitals contributes to the growth of this segment. Therefore, hospitals are essential in providing emergency care, accurate diagnosis, and innovative solutions to treat cervical spine disorders, especially with the growing prevalence of cervical spine disorders.

Metal-on-Polymer segment will grow due to their widespread acceptance and trust

By Material, the artificial cervical disc market is typically segmented into Metal-on-Metal and Metal-on-Polymer. The Metal-on-Polymer (M-o-P) segment dominated the market due to their significant clinical acceptance and support in the medical literature. The majority of globally approved Total Disc Replacement (TDR) implants use a design that includes metal alloy prosthetic endplates which articulate through a central polymer core. Patients and medical professionals are increasingly approving the Metal-on-Polymer implants due to their high success rates. Furthermore, improvements in technology and materials used in these implants contribute to their enhanced performance and longevity. These technological developments improve the performance of the implants and increase the trust of medical professionals on Metal-on-Polymer discs. Therefore, these continuous innovations ensures that Metal-on-Polymer (M-o-P) segment continue to lead the cervical disc industry and provide efficient assistance to those experiencing cervical disc issues.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Technological Developments in Healthcare to Facilitate the Expansion of Artificial Cervical Disc Market

Significant catalysts behind the expansion of the artificial cervical disc market are advancements in technology. The production of effective and durable disc replacements is facilitated by ongoing advancements in materials, implant designs, and surgical methods. Additionally, technological developments in imaging are essential for ensuring accuracy and precision in surgical operations. High-resolution imaging helps surgeons in understanding more about patient anatomy, allowing for more precise implant placement and lowering the risk of complications. Furthermore, innovative surgical methods allow less invasive procedures, which leads to faster recovery periods and better results. Therefore, patients and healthcare professionals are drawn to artificial cervical disc replacements owing to the innovations of technology, which provide advanced and customized solutions for various cervical issues.

Growing Acceptance of Non-Invasive Procedures to Propel Industry Expansion

Non-invasive procedures are becoming increasingly popular in medical fields such as orthopedics and spine surgery. These approaches significantly reduce surgical trauma, post-surgery discomfort, and recovery period of patients. This tendency effectively aligns with artificial cervical disc replacements, performed using minimally invasive methods. Additionally, patients actively seek treatments that promise faster recovery and fewer complications, which increase the demand for minimally invasive procedures and acts as an important factor for the adoption of artificial cervical disc replacements. Therefore, these procedures fuel the growth trajectory of the market, driven by the surgeries that prioritize well-being of patients and improved outcomes.

Restraints

High Cost of Cervical Discs Replacement Procedures Hinders Market Growth

High cost of artificial cervical implants is a significant impediment to the widespread adoption of the artificial cervical disc market. Artificial cervical discs have complex designs, specialized materials, and strict testing methods, which contributes to their high financial costs. Furthermore, the adoption of costly procedures is impacted by uneven payment policies across healthcare systems, which leave patients with inadequate insurance coverage. Moreover, doctors face technological challenges such as the complexity of procedures and difficulties in adopting new techniques, which creates a medical challenge for surgeons. Therefore, addressing these challenges is crucial to unlock the full potential of the artificial cervical disc market.

Recent Developments

• Centinel Spine, LLC announced the first implantation of its prodisc C SK, a cervical artificial disc, in November 2022.
• Orthofix and SeaSpine announced a definitive merger agreement in October 2022 to form a leading spine and orthopedics company.
• Zimmer Biomet made an announcement about the release of its Mobi-C artificial disc for the cervical spine in January 2023. A mobile-bearing disc called the Mobi-C is made to resemble the spine's natural motion.
• The FDA approved NuVasive's FlexiCore artificial disc for the lumbar spine in February 2023. Compared to metal discs, the FlexiCore non-metal disc is made to feel and move more naturally.
• Medtronic received FDA approval for its ProDisc-L artificial disc for the lumbar spine in March 2023. A mobile-bearing disc called the ProDisc-L is intended to relieve pain and improve spinal function.

Artificial Cervical Disc Market

Key Players

• Medtronic plc
• DePuy Synthes
• NuVasive, Inc.
• Globus Medical, Inc.
• Zimmer Biomet Holdings, Inc.
• Stryker Corporation
• Orthofix Medical Inc.
• LDR Holding Corporation
• Centinel Spine, LLC
• AxioMed LLC
• Spinal Kinetics
• Paradigm Spine
• Simplify Medical, Inc.
• Raymedica, LLC
• FH Orthopedics
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Artificial Cervical Disc Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America has maintained a prominent position within the artificial disc replacement market owing to strong healthcare infrastructure, modern medical facilities, and highly skilled healthcare professionals. The strong foundation allows rapid integration and adoption of modern medical technologies, creating a favorable environment for treating spinal disorders. Additionally, North America exhibits a high incidence of spinal disorders, generating substantial demand for disc replacements.  This active approach to embracing new medical innovations reinforces North America's dominance within the artificial disc replacement industry.

Source: Fatpos Global

Impact of Covid-19 on Artificial Cervical Disc Market

COVID-19 pandemic had a profound impact on the artificial cervical disc market. The market initially experienced production and distribution delays due to logistical challenges. The pandemic caused postponement of elective surgeries, due to which a significant decrease in the adoption of artificial cervical discs was witnessed. This sudden decline in procedures affected the growth trajectory of the market. However, as healthcare systems stabilized and adapted to the evolving circumstances, there was a gradual recovery in elective surgeries. Furthermore, healthcare facilities implemented strict safety measures and rescheduled delayed procedures, with an objective to restore normalcy. Therefore, the pandemic highlighted the necessity for innovation and potential advancements within the artificial disc market to address evolving healthcare needs in the post-pandemic environment.

Artificial Cervical Disc Market is further segmented by region into

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Artificial Cervical Disc Market Scope and Segments:

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