The global Artificial Discs Market is estimated to be valued at US$ 0.74 billion in 2022 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Artificial discs offer a minimally invasive alternative to spinal fusion surgery through implantation of an artificial disc that replaces degenerated or damaged spinal discs. These discs allow for natural motion of the spine and help reduce pain. Market key trends: One of the key trends in the artificial discs market is the growing popularity of motion preserving disc replacement surgeries over fusion surgeries. Disc replacement surgery helps preserve the natural motion of the spine and prevents adjacent level degeneration that is commonly seen after fusion surgery. Also, artificial discshave demonstrated better outcomes in terms of reduced post-operative pain and faster recovery times as compared to fusion surgery. This has driven the adoption of disc replacement procedures globally in the past decade. Segment Analysis The global Artificial Discs market is segmented into metal-on-metal artificial discs and metal-on-polymer artificial discs. The metal-on-metal artificial discs segment currently dominates the market due to its superior biomechanical properties and long durability compared to metal-on-polymer artificial discs. Within the metal-on-metal artificial discs segment, the ceramic-on-ceramic artificial discs sub-segment is witnessing high growth attributable to the biocompatibility and lesser wear rate of ceramics. Key Takeaways The global Artificial Discs Market Growth is expected to witness high growth, exhibiting CAGR of 6.2% over the forecast period, due to rising geriatric population and increasing prevalence of degenerative disc diseases. Regional analysis North America currently dominates the global Artificial Discs market attributed to growing acceptance of disc replacement surgery and presence of major players in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period supported by increasing medical tourism and rising healthcare expenditure in emerging countries such as China and India. Key players Key players operating in the Artificial Discs market are Medtronic, DePuy Synthes, Stryker Corporation, NuVasive Inc., Globus Medical Inc., Orthofix International N.V., Zimmer Biomet Holdings Inc., Alphatec Holdings Inc., B. Braun Melsungen AG, Centinel Spine LLC. Medtronic dominates the global market share due to its robust product portfolio and geographical presence across major markets. Read More, https://www.insightprobing.com/artificial-discs-market-trends-size-and-share-analysis/
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