Artificial Disc Market Analysis, Revenue, Price, Market Share, Growth Rate, Forecast to 2032

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Artificial Disc Market Analysis, Revenue, Price,
Market Share, Growth Rate, Forecast to 2032
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• Industry Insights

• Artificial Disc Market is poised to witness
  significant growth between 2023 and 2032. The
  market growth can be credited to the long-term
  cost benefits of artificial disc replacement
  surgeries and the increasing propensity of
  minimally invasive surgeries.
• Based on type, the lumbar artificial disc segment
  is set to witness massive growth by 2032 end. An
  increasingly sedentary lifestyle along with an
  aging population is resulting in more degenerated
  spinal disc cases, which will drive the
  requirement for this kind of surgery in the next
  ten years. As per reports, in the USA, 54.1
  million people were aged above 65 in 2019,
  depicting a 36 increase since 2009.
• On the basis of material, the metal-on-polymer
  segment will grow substantially through 2032. The
  segmental growth will be mainly driven by a high
  demand for biopolymer products.

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• Besides, metal-on-biopolymer materials offer
  certain benefits such as biocompatibility, a
  higher degree of rotation, easy insertion, and
  flexible movement of the spine, which will also
  contribute to the market demand.
• In terms of indication, the spinal trauma segment
  will register robust growth through 2023-2032,
  owing to the increasing cases of spinal injuries
  from auto accidents, falls, and sports-related
  accidents.
• A report in the "Journal of Neurosurgery", 2021,
  claims that the injury rates among young athletes
  have increased significantly in the last couple
  of years.
• It was further revealed that most of the sports
  related TSIs (traumatic spinal injuries) resulted
  from cycling, skiing, snowboarding, aquatic
  sports, and contact sports.

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• Regional Analysis

• In the regional context, the Asia Pacific
  artificial disc market was valued at more than
  USD 215 million in 2022 and will further grow by
  2032. The regional market growth can be
  accredited to the increasing cases of
  degenerative disc diseases and the betterment of
  healthcare infrastructure in the region.

• Competitive Analysis

• AxioMed LLC, B. Braun Melsungen AG, DePuy Synthes
  Inc. (Johnson Johnson), Globus Medical Inc., KM
  Inc., Medtronic PLC, NuVasive Inc., Orthofix
  International NV, Paradigm Spine LLC, Simplify
  Medical Inc., Spineart SA, Stryker

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