Artificial Cervical Intervertebral Disk Market Is Expected To See Huge Growth Globally By 2033

Market Definition

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.

Market Outlook.

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.

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%.

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Research Objectives

• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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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.

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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.

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Research Scope

• Scope - Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics - Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape - Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Company Profiles - Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
• Market Size in 2021 - US$ 1,621 Million
• Market Size in 2031 - US$ 8,480 Million
• CAGR - 18.0%
• Historic Period - 2016-2022
• Forecast Period - 2024-2033
• Base Year - 2024

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This release was published on openPR.