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.
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Market Trends and Drivers
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%.
Market Restraints and Challenges
All elective procedures, including spine surgeries, were delayed between 17 March 2020 and 8 June 2020, and the hospital was transformed into a recognized COVID-19 treatment facility. As a result, these issues are having a detrimental effect on the market expansion. The demand for healthcare-related items, particularly spinal surgical products, is expected to increase as a result of healthcare reforms that are increasing access to treatments for a larger portion of the populace in many emerging markets. The demand for these products will continue to rise as economic prosperity in important developing regions rises, which will further fuel market expansion.
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Global Cervical Intervertebral Disc Market Segmentation
By Material
- Biopolymer Material
- Metal Material
By End User
- Hospitals
- Ambulatory Surgical Centers
- Others
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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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