Artificial Cervical Disc Market Size, Share, and Analysis, By Product Type (Cervical Disc and Lumber Disc), By Material (Metal-on-Metal and Metal-on-Polymer), By End Users (Hospitals, Specialty Clinics, Orthopedic &Trauma Centers, and Others), and By Regi

Artificial Cervical Disc Market Size, Share, and Analysis, By Product Type (Cervical Disc and Lumber Disc), By Material (Metal-on-Metal and Metal-on-Polymer), By End Users (Hospitals, Specialty Clinics, Orthopedic &Trauma Centers, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032

PRODUCT OVERVIEW

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 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.

Artificial Cervical Disc Market Segments:

• By Product Type
• Cervical Artificial Disc
• Lumber Artificial Disc
• By Material
• Metal-on-Metal
• Metal-on-Polymer
• By End Users
• Hospitals
• Specialty Clinics
• Orthopaedic &Trauma Centers
• Others

MARKET DYNAMICS

Growth Drivers

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

Growing Acceptance of Non-Invasive Procedures to Propel Industry Expansion

Restraint

High Cost of Cervical Discs Replacement Procedures Hinders Market Growth

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)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – 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

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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