April 20, 2024

Artificial Discs Market Is Expected To Be Propelled By Rising Adoption Of Minimally Invasive Surgeries

Artificial discs are synthetic biomaterials used as an alternative to spinal fusion in the treatment of degenerative disc disease. Artificial discs are placed between the vertebrae and act as replacements for damaged discs to maintain spinal movement and posture. They are designed to replicate the natural anatomy and biomechanics of the spine and can reduce adjacent level degeneration caused by fusion surgery. Artificial discs offer several benefits over spinal fusion such as preserving spinal motion, lowering surgical morbidity, quicker recovery times, and lower revision surgery rates. Increased research for developing advanced biomaterials and bearings have led to new FDA approved artificial discs with improved wear resistance and longevity.

The global artificial discs market is estimated to be valued at US$ 0.86 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Rising adoption of minimally invasive implantation procedures and growing preference for motion preservation over fusion is expected to drive growth of artificial discs market. Advancements in 3D printing and additive manufacturing have enabled development of customized implants with patient-specific dimensions and motions profiles. This offers precise restoration of spinal biomechanics and facilitates less traumatic insertion techniques. Moreover, 3D printed discs provide enhanced wear properties and ability to mimic complex anatomical structures like vertebral endplates. Rising demand for personalized implants is thus expected to propel market growth over the forecast period.

While traditional spinal fusion fixes the spine at one position and immobilizes surrounding joints, artificial discs maintain natural motion patterns of spine. This reduces stress on adjacent spinal levels and risk of secondary degenerative disc disease. Preserved mobility also leads to faster recovery and return to normal activities. Motion preservation feature of artificial discs is hence gaining popularity as compared to fusion surgeries, further stimulating market expansion through 2031.

Segment Analysis
The Artificial Discs Market Size can be segmented into cervical artificial discs and lumbar artificial discs. The lumbar artificial discs segment dominated the market in 2019 and accounted for around 65% share of the overall artificial discs market. This is because a significant number of spinal disc surgeries involve lumbar intervertebral discs, which have the highest prevalence of degeneration and injury.

PEST Analysis
: Regulations around the approval and manufacturing of artificial discs are complex and vary across countries and regions. Stricter regulatory guidelines can affect the timelines of new product launches.
Economic: Rising geriatric population and increasing prevalence of degenerative disc diseases are driving demand for artificial disc replacement surgeries. However, high costs associated with these procedures can limit market growth in price-sensitive regions.
Social: Growing public awareness about artificial disc technologies and their advantages over spinal fusion surgery is positively impacting the market. However, social stigma around body modifications may discourage some patients.
Technological: Major companies are investing heavily in R&D to develop next-gen artificial discs with advanced materials, enhanced mobility, and better integration with the natural disc. 3D printing technologies also allow for patient-specific disc designs.

Key Takeaways
The global artificial discs market is expected to witness high growth over the forecast period of 2024 to 2031 due to factors such as rising geriatric population, increasing incidence of disk disorders, and technological advancements.

Regional analysis– North America dominated the global artificial discs market in 2019 led by the large patient pool, favorable reimbursement policies, and presence of major players in the region. Asia Pacific is projected to be the fastest growing market during the forecast period driven by expanding medical tourism industry, rising healthcare expenditure, and growing public awareness.

Key players operating in the artificial discs market are Sichuan Yongxiang Co. Ltd (Tongwei Co. Ltd), GCL-TECH, DaqoNew Energy Co. Ltd, Wacker Chemie AG, and XinteEnergy Co. Ltd. Key players are focusing on new product launches, strategic collaborations and partnerships to strengthen their market position. For instance, in 2021, NuVasive launched the Celect Cervical Artificial Disc in the U.S. aimed at reducing adjacent level disorders in cervical disc replacement patients.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it