According to the research report titled ‘Asia Pacific Artificial Disc Market Size By Material, Type, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, Asia-Pacific artificial disc market is expected to surpass a valuation of USD 0.8 billion by the year 2026.
 

Increased pervasiveness of vertebral and compression fractures, bone disorders, and osteoporosis is a prime factor fueling the growth of Asia-Pacific artificial disc market. Inclination towards musculoskeletal and orthopedic surgeries is further aiding the market expansion.
 

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Low calcium levels among the population have impelled the demand for artificial disc replacement procedures. In addition, technological advancements and availability of high-quality orthopedic surgery facilities are favoring Asia-Pacific artificial disc industry outlook. However, concerns regarding risks of artificial disc surgeries such as paralysis, implant degradation and complications during pregnancies may act as a restraining factor to the overall market growth.
 

In terms of material type, metal-on-metal segment accounted for a significant market share and is expected to grow with a CAGR of 18.5% during 2020-2026. Metal-on-metal implants are made using biomaterials which offer high resistance to corrosion, durability and biocompatibility. Additionally, low costs and increasing awareness pertaining to benefits of such implants are boosting the growth of Asia-Pacific artificial disc market from metal-on-metal segment.
 

As per type, the report claims that lumbar artificial disc segment generated revenues worth USD 70 million in the year 2019 and is predicted to expand consistently during the study duration. This type of surgery helps in reducing back pain among patients with degenerative disc disease. Thus, rising prevalence of LDD (lumbar degenerative disc) coupled with shifting preferences towards lumbar artificial disc replacement is fueling the segmental share.
 

Considering the geographical landscape, India artificial disc industry is estimated to surpass a valuation of USD 145 million by the year 2026. High occurrence of orthopedic diseases in tandem with increasing number of road accidents are swaying the business dynamics in India. Apart from this, growing elderly population and rising adoption of sedentary lifestyle are augmenting the regional demand for artificial disc surgeries.
 

The key participants in Asia-Pacific artificial disc market are Zimmer Biomet, Synergy Disc Replacement Inc., Stryker Corp., Spineart Geneva SA, NuVasive Inc., Medtronic plc, Globus Medical Inc., DePuy Synthes Inc. (Johnson & Johnson), B. Braun Melsungen AG, and Alcor Scientific Inc. among others.