According to our new research study on "Artificial Cervical Intervertebral Disc Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Material, End User and Geography," the market is expected to grow from US$ 1,621.66 million in 2022 to US$ 4,375.29 million by 2028. It is estimated to grow at a CAGR of 18.0% during 2022–2028.

Based on material, the artificial cervical intervertebral disc market is segmented into biopolymer material and metal material. The biopolymer material segment accounted for a larger share of the market in 2022. However, the metal material segment is anticipated to register a higher CAGR during the forecast period. There are several types of artificial discs, and most are made of a metal (such as titanium or cobalt chromium). Titanium is a low-density transition metal with high strength and corrosion resistance. It can be alloyed with multiple other metals, such as iron, aluminum, vanadium, and molybdenum, to create strong, lightweight alloys for use in various industries. The biocompatibility of titanium makes it an ideal substance for manufacturing prosthetics used in medical implantation procedures. Cobalt-chrome (CoCr) is a metal alloy of cobalt and chromium with enormous specific strength and approximately twice the stiffness of titanium. A few of the examples of metal artificial discs are Medtronic’s PRESTIGE Cervical Disc – The PRESTIGE Cervical Disc is made of a titanium ceramic composite and titanium carbide. The PRESTIGE Cervical Disc design and composition makes it highly durable and give the spine outstanding motion at one- and two-disc levels in the cervical spine.

Leading companies operating in the artificial cervical intervertebral disc market have undertaken various organic and inorganic growth strategies. The artificial cervical intervertebral disc market majorly comprises of Zimmer Biomet Holdings, Inc.; Globus Medical, Inc.; Centinel Spine, LLC; Synergy Spine Solutions, Inc.; Aditus Medical; AxioMed LLC; NuVasive, Inc.; Orthofix Medical, Inc.; Medtronic; B. Braun Melsugen AG amongst others. The companies have been implementing various strategies that have helped their growth and, in turn, brought about several breakthroughs and transitions in the industry. The companies have utilized organic strategies such as launches, and product approvals. Moreover, the market players have also deployed several utilized inorganic strategies, including mergers & acquisitions, partnerships, and collaborations.

Geographically, the artificial cervical intervertebral disc market has been segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and Rest of Europe), APAC (China, India, Japan, Australia, South Korea, and Rest of APAC), the MEA (Saudi Arabia, UAE, South Africa, and Rest of MEA), and SCAM (Brazil, Argentina, and Rest of SCAM).

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