ARTIFICIAL DISCS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market Challenges And Opportunities

Artificial Discs Market Restraints:

• High cost of cervical and lumbar artificial discs: The high cost of artificial intervertebral discs coupled with expensive surgical procedures is a major restraint affecting the market growth. On average, artificial disc surgery costs range between US$ 50,000 - US$ 70,000 depending on the disc type and region. The exorbitant costs limit the patient population eligible for procedures based solely on economic factors. Lack of favorable reimbursement in developing regions also hinders market prospects.
• Stringent regulatory guidelines: The stringent approval norms in developed countries like the U.S. delay market entry, increase R&D costs, and restrain growth for manufacturers. The uncertain regulatory pathway for artificial disc approval with stringent clinical data requirements poses challenges. Furthermore, regulatory discrepancies across different countries hinder product commercialization and cross-border trade. This impacts strategic expansion plans of players.