Artificial Cervical Disc Market Trends and Overview
Artificial Cervical Disc Market Size was valued at USD 2.95 billion in 2022. It is projected to reach USD 11.47 billion by 2030, with a compound annual growth rate (CAGR) of 18.5% during the forecast period from 2023 to 2030.
The Artificial Cervical Disc market has witnessed substantial growth and is expected to continue its upward trajectory in the coming years. This growth can be attributed to various factors, including the increasing prevalence of cervical disc degeneration and the rising demand for minimally invasive surgical procedures.
Cervical disc degeneration is a common condition that affects the spinal discs in the neck region. It often leads to chronic pain, reduced mobility, and decreased quality of life. As a result, there is a growing need for effective treatment options that can alleviate these symptoms and improve patient outcomes.
The Artificial Cervical Disc offers a promising solution to this problem. It is a medical device designed to replace the damaged or degenerated cervical discs in the neck. By providing stability and restoring normal motion, it helps relieve pain and restore function in patients suffering from cervical disc degeneration.
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The market for Artificial Cervical Discs is expected to witness significant growth due to the advantages it offers over traditional treatment options such as spinal fusion. Unlike fusion, which permanently joins two vertebrae together, the Artificial Cervical Disc preserves motion and flexibility in the neck. This not only improves patient comfort but also reduces the risk of adjacent segment degeneration, a common complication associated with fusion surgery.
Furthermore, the increasing adoption of minimally invasive surgical techniques is driving the demand for Artificial Cervical Discs. These procedures involve smaller incisions, reduced tissue damage, and faster recovery times compared to traditional open surgeries. As a result, patients are increasingly opting for these less invasive approaches, leading to a surge in the demand for Artificial Cervical Discs.
KEY MARKET SEGMENTATION:
By Product Type
- Cervical Disc
- Lumbar Disc
By Material
- Metal-on-metal
- Metal-on-biopolymer
By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
Major Players Listed in the Report are as Follows:
Alphatec Spine, Braun Melsungen AG, AxioMed, Centinel Spine, LLC, Aditus Medical, Globus Medical Inc, Johnson & Johnson, Orthofix Company, Medtronic PLC, Nuvasive Inc., Simplify Medical, Zimmer Biomet Holdings Inc. and Other Players.
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