Overview

The amplified detection of back pain has been identified as misalignment of the spinal discs; this has prompted the further growth of the market. Reduced recovery time following artificial disc replacement surgeries as compared to other treatment methods is projected to act as a significant driver promoting the growth of the market over the forecast period. Increased incidence of sports injury will also modify the market’s growth pace over the forecast period.

The enhancement in the products and services is the chief factor escalating the market's productivity and controlling the trends that are acquiring distinction in the market. The essential success factors and players’ predilections are consistently growing by the strategies being used by market contenders. Besides, the introduction of new products and services will add additional impetus to the market progress. The development of the market is based on the drivers that are radically altering the market backdrop. The growth patterns are modified in tandem to the customer preferences to achieve maximum growth, and in the long run, profitability. The situation for growth plans has stimulated the market for potential new entrants. The gaps in the market are filled due to the execution of proper supply chain strategies.The major driving factors for global Artificial Disc Replacement Market Size are growing prevalence of degenerative spine condition because of increasing aging population across the globe,preference for minimal surgical procedure and many advantages over traditional spine fusion procedure.

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 The artificial disc replacement market is expected to reach USD 1,367.7 Million by 2030 at 11.8% CAGR during the forecast period 2022-2030

 Segmental Analysis 

The market for artificial disc replacement market has been segmented on the basis of location, disc type, and material for a better understanding of the market. On the basis of disc type, the market has been segmented into mechanical discs, elastic discs, composite discs, and others. The mechanical discs segment has been additionally segmented into kineflex discs, maverick discs, and flex-core discs. The location segment of the market is divided into lumbar disc replacement and cervical disc replacement. By material, the market has been segmented into biopolymer, metal, mixed and others.

 Regional Analysis

The regional analysis of the Americas region is likely to dominate the market due to the well-established healthcare sector, growing orthopedic surgeries, and favorable reimbursement policies. The European market is anticipated to be the next biggest market after the Americas region. The mounting expenditure on healthcare, rising geriatric population in this region, and promising government and regulatory policies are anticipated to power the development of the market. Asia Pacific region is projected to display rapid growth in the market through the forecast period due to the, growing use of minimally invasive methods, growing cases of disc degenerative disorders, and government initiatives to deliver superior healthcare services at reasonable prices. The market in the Middle East Africa region is anticipated to be responsible for the lowest share of the artificial disc replacement market owing to the underdeveloped healthcare sector in this area, underprivileged economic condition, and absence of technical knowledge.

Artificial Disc Replacement Market Players

The noteworthy market contenders are Medtronic, Aesculap Implant Systems LLC, DePuy Spine, Alphatec Spine Inc., Joimax GmbH, Smith Nephew Plc, Globus Medical Inc., Stryker, Orthofix Inc., Zimmer Biomet, AxioMed LLC, NuVasive Inc., and K2M Inc.

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