The global artificial discs market is currently valued at US$ 905 million and is expected to skyrocket at a CAGR of 20.6% to reach a valuation of US$ 2.3 billion by the year 2027.
Demand for cervical disc replacement is expected to increase significantly at a CAGR of around 21% from 2022 to 2027, attributed to the rise in cervical disc surgeries being carried out across the world.
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Competitive Landscape
The presence of several key players in the artificial disc replacement market is moderately competitive. The market is in a boom period, as major firms are concentrating on mergers and acquisitions. Companies are making strategic decisions on both organic and inorganic expansion to broaden their product offerings and increase their market share.
- In Chennai, Gleneagles Global Health City opened a sophisticated endoscopic spine facility in March 2021 to cure spinal conditions that call for surgeries. These conditions include neck and back pain that radiates to the hands, facet joint pain, sciatica, and lower back pain.
- In September 2020, Orthofix Medical, Inc. teamed up with Neo Medical SA, a privately held medical device firm with headquarters in Switzerland, to create cutting-edge devices for spinal surgeries.
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Key Companies Profiled:
- Medtronic
- Orthofix Medical Inc.
- Globus Medical
- Aesculap, Inc.
- NuVasive, Inc.
- AxioMed LLC
- Zimmer Biomet
- SpineArt SA
- Synergy Spine Solutions, Inc.
- Centinel Spine
Key Segments in Artificial Discs Industry Research
- By Material :
- Metal & Plastic
- Metal
- By Indication :
- Cervical Disc Replacement
- Lumbar Disc Replacement
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Questionnaire answered in the Artificial Discs Market report include:
- How the market for Artificial Discs has grown?
- What is the present and future outlook of the global Artificial Discs on the basis of region?
- What are the challenges and opportunities for the Artificial Discs?
- Why the consumption of Artificial Discs highest in region?
- In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
- Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Artificial Discs market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
- Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Artificial Discs market, thus, making it different and special from other reports.
- Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
- Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Artificial Discs market and assists to create strategies to overcome the obstacles that may hinder the growth of the Artificial Discs market.
- Leverage: The Artificial Discs market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
- Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
- Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Artificial Discs market.
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