Artificial Cervical Intervertebral Disc Market Analysis and Forecast to 2032: By Material (Biopolymer Material, Metal Material), End User (Hospitals, Ambulatory Surgical Centers, Others), and Region

Artificial Cervical Intervertebral Disc Market Analysis and Forecast to 2032: By Material (Biopolymer Material, Metal Material), End User (Hospitals, Ambulatory Surgical Centers, Others), and Region

The global artificial cervical intervertebral disc market was valued at USD 1621 million in 2022 and it is anticipated to grow further till USD 8480 million by 2032, at a CAGR of 18.0% during the forecast period.

The cervical intervertebral disc has the ability to absorb a huge compressive load while providing different types of motion between the bones in the neck. Market players have developed various artificial intervertebral cervical discs which are used to treat cervical disc problems. An artificial cervical disc replaces the movement and cushioning function of the damaged cervical disc.

Market Trends and Drivers

The rising geriatric population is anticipated to boost the growth of the global artificial intervertebral cervical disc market. The aging process affects the cervical spine, neck, shoulders, upper back, and arms. Cervical spondylosis is a term for age-related wear and tear of the spinal disks in the neck. It is a common disease and worsens with age. As per the American Academy of Orthopedic surgeons, ~85% of people with age more than 60 are affected by cervical spondylosis. With age, the vertebral discs, which serve as shock absorbers, gradually dry out and affect the strength. As per the Fact Sheet: Aging in the United States, the number of individuals in aged 65 and older is estimated to reach ~95 million by 2060 from 52 million in 2018, and its share in the total population is anticipated to spike up to 23% from 16%.

Market Restraints and Challenges

All elective procedures, including spine surgeries, were delayed between 17 March 2020 and 8 June 2020, and the hospital was transformed into a recognized COVID-19 treatment facility. As a result, these issues are having a detrimental effect on the market expansion. The demand for healthcare-related items, particularly spinal surgical products, is expected to increase as a result of healthcare reforms that are increasing access to treatments for a larger portion of the populace in many emerging markets. The demand for these products will continue to rise as economic prosperity in important developing regions rises, which will further fuel market expansion.

Global Artificial Cervical Intervertebral Disc Market Segmental Overview

The report analyses the global artificial cervical intervertebral disc market based on the material, end user, and region.

Global Artificial Cervical Intervertebral Disc Market by Material

Based on the material, it is segmented into biopolymer material, and metal materials. The biopolymer segment is anticipated to dominate the market during the forecast period. The growth is primarily attributed to the biocompatibility and ease of insertion offered by biopolymer material discs. However, the metal material segment is anticipated to register the highest CAGR during the forecast period.

Global Artificial Cervical Intervertebral Disc Market by End User

Based on the end user, it is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment is anticipated to dominate the market during the forecast period. The incidence of sports and active participation in fitness activities owing to the growing focus on healthy living across the globe. Adding to that, as per the National Spinal Cord Injury Statistical Center, diving is the fifth leading cause of severe cervical spinal cord injury. So, the demand for the artificial cervical intervertebral disc is boosting owing to increasing incidences of cervical injuries.

Geographical Analysis of the Global Artificial Cervical Intervertebral Disc Market

Region-wise, it is studied across the North America, Europe, Asia Pacific, and the Rest of the World. The North America region is accounted to hold the majority of market share during the forecast period. The growth of the region is primarily attributed to the increasing aging population and the rising number of product approvals and developments.

Major Players in the Global Artificial Cervical Interventional Disc Market

The major player analyzed in the report are Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Centinel Spine, LLC., Synergy Spine Solutions, Inc., B. Braun Melsugen AG, Aditus Medical, AxioMed LLC, NuVasive, Inc., Medtronic, Orthofix Medical Inc. among others.

COVID-19 Impact

The COVID-19 pandemic has impacted everyone in the world and is still spreading. The outbreak has impacted healthcare operations as well, causing non-essential treatments and procedures to be suspended or delayed. To stop the virus from spreading, the manufacturing sector is also concentrating on producing more critical protective gear and apparel. As a result, the CTDR device market may experience slower growth than usual in the near future.

Recent Developments

April 2021, NuVasive’s simplify disc received FDA approval for two-level cervical total disc replacement.

November 2019, FDA approved Orthofix’s M6-C Artificial Cervical Disc for Cervical Disc Degeneration treatment. The disc was developed by Spinal Kinetics, a company Orthofix acquired last spring.

March 2018, Orthofix announced agreement to acquire Spinal kinetics.

Frequently Asked Questions

Q1. How big is the Artificial Cervical Intervertebral Disc market?

Ans. The global Artificial Cervical Intervertebral Disc market size was USD 1621 million in 2022 and is anticipated to reach USD 8480 million in 2032, growing at a rate of 18.0% from 2023 to 2032.

Q2. What is the Artificial Cervical Intervertebral Disc market growth rate?

Ans. The growth rate of the Artificial Cervical Intervertebral Disc market is 18.0%.

Q3. Which region holds a major market share for the Artificial Cervical Intervertebral Disc market?

Ans. North America holds a major market share of the Artificial Cervical Intervertebral Disc market in 2021.

Q4. Which segment accounted for the largest Artificial Cervical Intervertebral Disc market share?

Ans. By end user, the hospitals segment accounted for the largest Artificial Cervical Intervertebral Disc market share.

Q5. Who are the key players in the Artificial Cervical Intervertebral Disc market?

Ans. The global Artificial Cervical Intervertebral Disc market report includes players such as Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Centinel Spine, LLC., Synergy Spine Solutions, Inc., B. Braun Melsugen AG, Aditus Medical, AxioMed LLC, NuVasive, Inc., and Medtronic among others.

Q6. What are the factors driving the Artificial Cervical Intervertebral Disc market growth?

Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.

Q7. What are the key growth strategies of Artificial Cervical Intervertebral Disc market players?

Ans. The key growth strategies of Artificial Cervical Intervertebral Disc market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Artificial Cervical Intervertebral Disc market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Artificial Cervical Intervertebral Disc market during the forecast period.

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