Artificial disc market poised for growth

Editor's Note

A GlobalData analysis predicts the US artificial disc replacement market will double by 2023, reaching $614.5 million, with a compound annual growth rate of 12.2%, the May 17 Becker’s Spine Review reports.

The growth is a result of the increasing number of degenerative spine conditions and the advantages of artificial disc replacement procedures over traditional spinal fusions.

The approval of cervical systems for multi-level indications also will expand the market.

DePuy Synthes, Medtronic, Zimmer Biomet, and Globus Medical are among the dominant market players.

The North American artificial disc replacement market will likely double by 2023, according to GlobalData analysis. Here are seven observations: 1. Valued at $274.6 million in 2016, analysts expect the market to jump to $614.5 million by 2023. 2. This increase reflects a 12.2 percent compound annual growth rate between 2016 and 2023.