The artificial disc replacement market is expected to grow at a compound annual growth rate of 12.3% between 2023 and 2030, according to Vantage Market Research.
By 2030, the global artificial disc replacement market is expected to reach $1.3 billion, according to a March 11 news release. One key growth driver is the increased adoption of disc replacement, but the market also faces the challenges of developing devices that best mimic the nature of the human spine.
Vantage Market Research identified prominent leaders in the disc replacement market including Medtronic, Orthofix, Globus Medical and Aesculap.