Industry Trends

Asia Pacific Artificial Disc Market Share was valued at USD 240.7 million in 2019 and is expected to witness 20.3% CAGR from 2019 to 2026.

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Growing prevalence of degenerative disc disease along with rapidly ageing population will foster the Asia Pacific artificial disc market growth. Rising incidence of bone disorders, has shifted the focus of manufactures on providing effective and affordable products for the disc replacement surgery. These procedures are minimally invasive and ensure overall mobility of the spine. The surgery offers deformity correction and stabilization that renders high success rate compared to fusion procedures. Such factors will thus, escalate the artificial disc industry growth over the coming years.

Advent of technology in artificial discs will serve to be another impact rendering factor in the artificial disc market growth. Introduction of multi-level artificial discs such as ProDisc-C artificial disc for patients with issues at two consecutive spinal discs will increase the product demand over the coming years. Availability of such technologically upgraded devices and accessibility to advanced surgery facilities will further prove beneficial for the artificial disc replacement market expansion. However, lack of awareness and uneven reimbursement policies in certain countries may hinder the Asia Pacific artificial disc market growth.

Asia Pacific Market, By Type

Cervical artificial disc segment accounted for more than USD 160 million revenue in 2019 and is anticipated to witness lucrative growth over the coming years. Cervical artificial disc surgery, also known as cervical disc arthroplasty, helps to relieve nerve compression and maintain motion. The procedure involves removal of degenerated disc and its replacement with artificial disc. The cervical disc replacement procedure ensures minimum blood loss and reduced risk of infection. Increasing adoption of these procedures among the elderly and adult patients owing to its high success rate, will thus, escalate the segment expansion.

Asia Pacific Market, By Material

Metal-on-biopolymer segment held substantial revenue in 2019 and is estimated to witness over 20% CAGR across the analysis period. Metal-on-biopolymer implants are generally made up of magnesium, zinc or iron due to their low degradation rate. Biodegradability, biocompatibility and mechanical properties of these materials help to ensure better movement and improved stability. Additionally, independent motion offered by the metal-on-biopolymer artificial discs will foster segment growth over the forecast timeframe.

Asia Pacific Market, By Country

China artificial disc market is anticipated to witness around 21% CAGR over the analysis period due to increasing burden of spinal degenerative disease (SDD) in the country. Bone health in China is deteriorating due to vitamin D deficiency, genetic predisposition and unhealthy dietary habits. Various healthcare reforms in the country and availability of advanced healthcare facilities will augment the China artificial disc market progression.

Competitive Market Share

Some of the major players operating in the market include Medtronic, Globus Medical, Synergy Disc Replacement, DePuy Synthes, B. Braun Melsungen, Stryker, Zimmer Biomet, NuVasive and others. The companies are adopting various inorganic strategies such as mergers, collaborations and acquisitions for novel product development and sustaining market competition. For instance, in October 2018, Zimmer Biomet launched Mobi-C Cervical Disc in Japan. This product launch enabled the company to strengthen its cervical artificial disc product portfolio in the country.

Asia Pacific Industry Background

Artificial disc replacement surgery involves replacement of degenerated spinal column or disc with artificial disc made up of metal or biodegradable material. Initially, fusion surgery was performed to treat degenerative disc diseases due to lack of advancement. Advent in technology has led to improvizations in surgical techniques to improve patient’s movement as well as overall health. The initiation of technology in artificial discs industry and FDA approvals for these implants have led to increased patient preference towards artificial disc replacement over the recent years. Rising orthopaedic disease burden, increasing healthcare expenditure and growing awareness regarding advantages of replacement procedure over fusion surgeries will drive  the market growth.