The artificial cervical intervertebral disc market is expected to reach a $4.37 billion valuation by 2028, according to a July 25 report from Insight Partners.
The market is valued at $1.62 billion in 2022, meaning that it will experience an 18 percent growth rate in the next six years. Currently, hospitals are the largest user segment, but the ASC segment is expected to grow the most between 2022 and 2028, according to the report.
An aging population and an increase in cervical injury cases are expected to drive market growth over the period.
Growth is slowed by the high costs of disc replacements.