Artificial Cervical Disc Market showing strong growth driven by technological advancements and rising demand
From GlobeNewswire: 2024-12-10 08:00:00
The Artificial Cervical Disc Market was valued at USD 2.43 Billion in 2023, projected to reach USD 8.56 Billion by 2032, with a CAGR of 15.10% from 2024 to 2032. The market growth is driven by the rising prevalence of cervical degenerative disc diseases and spinal disorders, offering improved mobility and faster recovery compared to traditional fusion.
2. The FDA’s approval of ZimVie Inc.’s hybrid approach combining Mobi-C Artificial Disc with traditional fusion is expected to enhance patient outcomes, driving further market expansion. Innovations in biomaterials, minimally invasive techniques, and robotic-assisted surgeries are contributing to the increased adoption of artificial cervical disc replacements globally.
3. Metal-On-Metal discs accounted for 64% of the market in 2023 due to durability and cost-effectiveness, while Metal-On-Polymer discs are expected to grow at the fastest CAGR of 16.53% from 2024 to 2032. Hospitals currently dominate the market, but Ambulatory Surgical Centers are experiencing rapid growth due to cost-effectiveness and faster recovery.
4. North America leads the market with around 48% of the revenue, driven by advanced healthcare infrastructure and a high prevalence of spinal disorders. Asia Pacific is showing rapid growth with a CAGR of 18.81% from 2024 to 2032, fueled by improving healthcare infrastructure and rising awareness of advanced treatments.
5. NGMedical showcased its MOVE-C cervical artificial disc prosthesis, while Orthofix revealed superior clinical success data for its M6-C artificial cervical disc, further highlighting the advancements and developments in the Artificial Cervical Disc Market. S&S Insider is a leading market research and consulting agency providing clients with valuable knowledge to navigate changing market conditions. They offer current market data, consumer insights, and opinions through surveys, video talks, and focus groups globally. For more information or customization research, contact [email protected].
The Artificial Cervical Disc Market report includes market definition, scope, research assumptions, executive summary, regional analysis, and competitive landscape. It also covers market dynamics impact analysis, statistical insights, trends reporting, and segmentation by material, indication, and end use. The report provides a comprehensive overview of the market with strategic initiatives and technological advancements.
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