As per the research report titled ‘North America Artificial Disc Market Share By Material, Type, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, North America artificial disc market is anticipated to surpass a valuation of USD 2.9 billion by the year 2026.
 

Rising prevalence of osteoporosis and other orthopedic ailments, escalating demand for artificial disc replacement, and growing geriatric population in Canada and the U.S. are bolstering the growth of North America artificial disc market share. Additionally, low recovery time and reduced risk of post-surgical complications associated with disc replacement are positively swaying the market dynamics.
 

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Shifting preference among patients as well as surgeons towards minimally invasive disc replacement procedures due to low blood loss and minimal infection risk are further stimulating the overall market outlook. However, lack of reimbursement coupled with high costs of the implants are expected to impede North America artificial disc industry growth throughout the study period.
 

Based on type, the lumbar artificial disc segment is predicted to register a robust CAGR of 18% over 2020-2026, owing to rising adoption of the procedure in order to reduce recovery time and enable easy movement.
 

With regards to material, the metal-on-biopolymer segment of North America artificial disc market accounted for around USD 800 million in the year 2019 and is expected to attain considerable expansion through 2026. Increasing emphasis of industry players towards development of the product along with escalating demand due to easy insertion of the material are fueling the expansion of the segment.
 

Additionally, beneficial attributes associated with metal implants such as better biocompatibility, flexible spine movement, and higher degree of movement with low friction are favoring the market outlook.
 

Moving on to the country-level analysis, Canada artificial disc market is projected to exhibit a 19.5% CAGR over 2020-2026. Increasing healthcare expenditure coupled with rising awareness regarding advantages of disc replacement procedures are adding traction to the regional market growth.
 

The companies that define the North America artificial disc market trends are Zimmer Biomet Holdings, Inc., Synergy Disc Replacement, Inc. (SDRI), Stryker Corporation, SpineArt SA, Simplify Medical, Inc., Paradigm Spine, LLC, Orthofix International N.V., NuVasive Inc., Medtronic PLC, K2M Inc., Globus Medical Inc., DePuy Synthes Inc. (Johnson & Johnson), and AxioMed LLC.