Home > Healthcare > Medical Devices > Implantable Devices > Artificial Disc Market
Artificial Disc Market size crossed USD 1.6 billion in 2022 and is predicted to exhibit over 3% CAGR from 2023-2032. Growing demand for cervical-total disc replacement is projected to complement the market expansion.
Surging incidences of degenerative disc diseases across the world are expected to positively impact the dynamics. According to Medicare, the rate of prevalence of spine degeneration is more than 25% in the U.S., with a higher incidence rate in women as compared to men. The rising geriatric population represents a massive patient pool with unmet healthcare needs associated with back pain driven by musculoskeletal aging. For instance, according to the National Commission on Population, the elderly population in India is expected to account for 18% of the total population by 2036.
Report Attribute | Details |
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Base Year: | 2019 |
Artificial Disc Market Size in 2019: | USD 1.6 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 3.1% |
2032 Value Projection: | USD 2.2 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 125 |
Tables, Charts & Figures: | 181 |
Segments covered: | Type, Material, Indication, End-use, and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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