Artificial disc replacement is an emerging procedure that replaces the function of a damaged or diseased spinal disc. It is as an alternative to spinal fusion for the surgical treatment of severe disc problems. Herniated disc, bone spurs, spondylosis, or radiculopathy are to relieve pinched nerves causing pain that has been unrelieved by conservative measures. Spinal columns are replaced with artificial devices in the lumbar (lower) or cervical (upper) spine. During the procedure, the damaged disc is removed and the area around the bone is cleaned of any debris. The bone is also filed to make room for the artificial disc. The disc is then inserted into the space. Once secure and the soft tissues of the neck are in place, the incision is closed. The procedure is used to treat chronic, severe low back pain and cervical pain resulting from degenerative disc disease.
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Growing health care expenditure, supportive reimbursements, and increasing disposable income are projected to drive the market in the U.S. High success rate of artificial disc replacements is also spurring market growth. In addition, the prevalence of degenerative disc disease and demand for non-invasive procedures are likely to augment the market. An absence of standardized reimbursement as well as high cost of the procedure and devices are the major restraints of the market.
Geographically, North America is the largest market for artificial disc replacement, followed by Europe and Asia Pacific. Asia Pacific is projected to have the fastest growth, owing to a rapidly developing medical infrastructure, increasing spending on health care, and growing medical tourism in developing nations such as China, Japan, and India in this region. Artificial disc replacement growth is significantly high in the U.S. and Mexico compared to other countries due to fast disease progression technology, highest prevalence, better health care infrastructure, good economic growth, high insurance payer, developing and expending private health care sector, and increased awareness among people due to educational background. The global artificial disc market is projected to witness strong by 2025. The U.S. is expected to dominate the artificial disc market till 2025. Germany accounted for over 20% of the market in Europe in 2015, and is estimated to record high growth rate.
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Major players in the global artificial disc market include Audubon, Globus Medical, DePuy Synthes, NuVasive, Inc., Zimmer Biomet, Stryker Corporation, Medtronic, and Aesculap Implant Systems.