Global Disc Prostheses market will reach 1135 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/6/27

An artificial disc (also called a disc replacement, disc prosthesis or spine arthroplasty device) is a device that is implanted into the spine to imitate the functions of a normal disc (carry load and allow motion).

Disc Prostheses is a rapidly growing segment of the spinal implants market. The market is well established in developed countries; however, developing countries are still dependent on traditional treatment such as spinal fusion surgery for degenerative disc treatment. Developing economies are projected to show robust growth in the coming years due to increasing healthcare spending and advancement in artificial discs. Cervical artificial disc segment currently represents largest segment in the industry and will witness lucrative growth over the forthcoming years. Industry players are engaged in the development of better products such as multi-level artificial disc to garner higher revenue shares. Developments in existing technologies and growing demand for minimally invasive procedures, artificial disc industry will offer promising growth opportunities in near future.

Some of the major factors supporting the growth of the artificial disc market include product and technological innovations; increasing incidence of degenerative disc diseases; rising propensity for minimal incision surgeries; better clinical trial results with cervical total disc replacement (C-TDR) compared to anterior cervical discectomy and fusion (ACDF); long-term cost benefits of disc replacement over the spinal fusion procedures; surging geriatric population; and rising healthcare expenditure.

Cost of total disc replacement procedures is high and therefore unaffordable in the developing economies. Moreover, reimbursement plan for artificial disc varies geographically. Partial reimbursement is provided by Medicare and Medicaid in the U.S. However, countries in the Asia Pacific have no reimbursement plan for such disc replacement surgeries. High out-of-pocket spending required for artificial disc replacement procedures may hamper industry growth in the coming years.

The Disc Prostheses industry was 365 million USD in 2018 and is projected to reach 1135 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 17.58% between 2019 and 2025.  In terms of volume. The objectives of this study are to define, segment, and project the size of the Disc Prostheses market based on company, product type, end user and key regions.

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