Artificial disc replacement market Research Report- Forecast to 2030

Artificial Disc Replacement Market: Information, by Disc Type (Composite Discs, Elastic Discs, Mechanical Discs, Others), Location (Cervical Discs Replacement and Lumber Disc Replacement), Material (Metal, Biopolymer, and Others)–Global Forecast Till 2030

ID: MRFR/MED/0886-HCR | August 2022 | Region: Global | 85 Pages         

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porterā€™s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Artificial Disc Replacemnet, by Disc Type

6.1 Introduction

6.2 Composite Disc

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.3 Elastic Disc

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4 Mechanical Disc

6.4.1 Maverick Discs

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4.2 Kineflex Discs

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.4.3 Flexcore Discs

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

6.5 Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027


Chapter 7. Artificial Disc Replacement Market, by Location

7.1 Introduction

7.2 Cervical Discs Replacement

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

7.3 Lumber Disc Replacement

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 8. Artificial Disc Replacement Market, by Material

8.1 Introduction

8.2 Metal

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.3 Biopolymer

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.4 Mixed

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

8.5 Others

Market Estimates & Forecast, by Region, 2020-2027

Market Estimates & Forecast, by Country, 2020-2027

Chapter 9. Artificial Disc Replacement Market, by Region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 South America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10. Company Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Key Development & Strategies

Chapter 11. Company Profiles

11.1 Alphatec Spine Inc.

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 Medtronic

11.2.1 Company Overview

11.2.2 Product Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 DePuy Spine

11.3.1 Company Overview

11.3.2 Product Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 Stryker

11.4.1 Company Overview

11.4.2 Technologys/Business Segment Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

11.5 Smith & Nephew Plc

11.5.1 Company Overview

11.5.2 Product Overview

11.5.3 Financial overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.6 Globus Medical Inc.

11.6.1 Company Overview

11.6.2 Product Overview

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.7 Aesculap Implant Systems, LLC

11.7.1 Overview

11.7.2 Product Overview

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.8 NuVasive, Inc.

11.8.1 Overview

11.8.2 Product/ Technology Overview

11.8.3 Financials

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.9 ZimmerBiomet

11.9.1 Overview

11.9.2 Product Overview

11.9.3 Financials

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.10 AxioMed LLC

11.10.1 Overview

11.10.2 Product Overview

11.10.3 Financials

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.11 Joimax GmbH

11.11.1 Overview

11.11.2 Product Overview

11.11.3 Financials

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.12 Orthofix Inc.

11.12.1 Overview

11.12.2 Product Overview

11.12.3 Financials

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.13 Simplify Medical Inc.

11.13.1 Overview

11.13.2 Product Overview

11.13.3 Financials

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.14 K2M Inc.

11.14.1 Overview

11.14.2 Product Overview

11.14.3 Financials

11.14.4 Key Developments

11.14.5 SWOT Analysis

Chapter 12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEOā€™s Viewpoint

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Predictions for the Artificial Disc Replacement Industry

Chapter 13. Appendix



LIST OF TABLES

Table 1 Artificial Disc Replacement Market Synopsis, 2020-2027

Table 2 Artificial Disc Replacement Market Estimates and Forecast, 2020-2027 (USD Million)

Table 3 Artificial Disc Replacement Market, by Region, 2020-2027 (USD Million)

Table 4 Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD Million)

Table 5 Artificial Disc Replacement Market, by Location, 2020-2027 (USD Million)

Table 6 Artificial Disc Replacement Market, by material, 2020-2027 (USD Million)

Table 7 North America: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD

Million)

Table 8 North America: Artificial Disc Replacement Market, by Location, 2020-2027 (USD

Million)

Table 9 North America: Artificial Disc Replacement Market, by Material, 2020-2027 (USD

Million)

Table 10 US: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD Million)

Table 11 US: Artificial Disc Replacement Market, by Location, 2020-2027 (USD Million)

Table 12 US: Artificial Disc Replacement Market, by Material, 2020-2027 (USD Million)

Table 13 Canada: Artificial Disc Replacement Market,by Disc Type, 2020-2027 (USD Million)

Table 14 Canada: Artificial Disc Replacement Market, by Location, 2020-2027 (USD Million)

Table 15 Canada: Artificial Disc Replacement Market, by Material, 2020-2027 (USD

Million)

Table 16 South America: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD

Million)

Table 17 South America: Artificial Disc Replacement Market, by Location, 2020-2027 (USD

Million)

Table 18 South America: Artificial Disc Replacement Market, by Material, 2020-2027 (USD

Million)

Table 19 Europe: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD Million)

Table 20 Europe: Artificial Disc Replacement Market, by Location, 2020-2027 (USD Million)

Table 21 Europe: Artificial Disc Replacement Market, by Material, 2020-2027 (USD Million)

Table 22 Western Europe: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD

Million)

Table 23 Western Europe: Artificial Disc Replacement Market, by Location, 2020-2027 (USD

Million)

Table 24 Western Europe: Artificial Disc Replacement Market, by Material, 2020-2027

(USD Million)

Table 25 Eastern Europe: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD

Million)

Table 26 Eastern Europe: Artificial Disc Replacement Market, by Location, 2020-2027 (USD

Million)

Table 27 Eastern Europe: Artificial Disc Replacement Market, by Material, 2020-2027

(USD Million)

Table 28 Asia-Pacific: Artificial Disc Replacement Market, by Disc Type, 2020-2027 (USD

Million)

Table 29 Asia-Pacific: Artificial Disc Replacement Market, by Location, 2020-2027 (USD

Million)

Table 30 Asia-Pacific: Artificial Disc Replacement Market, by Material, 2020-2027 (USD

Million)

Table 31 Middle East & Africa: Artificial Disc Replacement Market, by Disc Type, 2020-2027

(USD Million)

Table 32 Middle East & Africa: Artificial Disc Replacement Market, by Location, 2020-2027

(USD Million)

Table 33 Middle East & Africa: Artificial Disc Replacement Market, by Material, 2020-2027

(USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Artificial Disc Replacement Market

Figure 3 Segmentation Market Dynamics for Artificial Disc Replacement Market

Figure 4 Artificial Disc Replacement Market Share, by Disc Type, 2020

Figure 5 Artificial Disc Replacement Market Share, by Location, 2020

Figure 6 Artificial Disc Replacement Market Share, by Material, 2020

Figure 7 Artificial Disc Replacement Market Share, by Region, 2020

Figure 8 North America: Artificial Disc Replacement Market Share, by Country, 2020

Figure 9 Europe: Artificial Disc Replacement Market Share, by Country, 2020

Figure 10 Asia-Pacific: Artificial Disc Replacement Market Share, by Country, 2020

Figure 11 Middle East & Africa: Artificial Disc Replacement Market Share, by Country, 2020

Figure 12 Artificial Disc Replacement Market: Company Share Analysis, 2020 (%)

Figure 13 Alphatec Spine Inc. : Key Financials

Figure 14 Alphatec Spine Inc. : Segmental Revenue

Figure 15 Alphatec Spine Inc. : Geographical Revenue

Figure 16 Medtronic : Key Financials

Figure 17 Medtronic : Segmental Revenue

Figure 18 Medtronic : Geographical Revenue

Figure 19 DePuy Spine : Key Financials

Figure 20 DePuy Spine : Segmental Revenue

Figure 21 DePuy Spine : Geographical Revenue

Figure 22 Stryker: Key Financials

Figure 23 Stryker: Segmental Revenue

Figure 24 Stryker: Geographical Revenue

Figure 25 Smith & Nephew Plc : Key Financials

Figure 26 Smith & Nephew Plc : Segmental Revenue

Figure 27 Smith & Nephew Plc . Geographical Revenue

Figure 28 Globus Medical Inc.: Key Financials

Figure 29 Globus Medical Inc.: Segmental Revenue

Figure 30 Globus Medical Inc.: Geographical Revenue

Figure 31 Aesculap Implant Systems, LLC: Key Financials

Figure 32 Aesculap Implant Systems, LLC: Segmental Revenue

Figure 33 Aesculap Implant Systems, LLC: Geographical Revenue

Figure 34 NuVasiveĀ®, Inc.: Key Financials

Figure 35 NuVasiveĀ®, Inc.: Segmental Revenue

Figure 36 NuVasiveĀ®, Inc.: Geographical Revenue

Figure 37 ZimmerBiomet : Key Financials

Figure 38 ZimmerBiomet : Segmental Revenue

Figure 39 ZimmerBiomet : Geographical Revenue

Figure 40 AxioMed LLC: Key Financials

Figure 41 AxioMed LLC: Segmental Revenue

Figure 42 AxioMed LLC: Geographical Revenue

Figure 43 Joimax GmbH: Key Financials

Figure 44 Joimax GmbH: Segmental Revenue

Figure 45 Joimax GmbH: Geographical Revenue

Figure 46 Orthofix Inc.: Key Financials

Figure 47 Orthofix Inc.: Segmental Revenue

Figure 48 Orthofix Inc.: Geographical Revenue

Figure 49 Simplify Medical Inc.: Key Financials

Figure 50 Simplify Medical Inc.: Segmental Revenue

Figure 51 Simplify Medical Inc.: Geographical Revenue

Figure 52 K2M Inc.: Key Financials

Figure 53 K2M Inc.: Segmental Revenue

Figure 54 K2M Inc.: Geographical Revenue

Artificial Disc Replacement Market

The artificial disc replacement market is expected to grow at a CAGR of 19.6% and USD 1 billion during the forecast period 2020-2030.

Segmentation

By Disc Type Composite Discs Elastic Discs Mechanical Discs
By Location Cervical Discs Replacement Lumber Disc Replacement
By Material Metal Biopolymer

Key Players

  • Globus Medical
  • Zimmer Biomet
  • Braun
  • Medtronic Plc
  • NuVasive Inc
  • Orthodox Medical Inc
  • K2M
  • RTI Surgical Holdings
  • Centinel Spine
  • AxioMed LLC

Drivers

  • Rising occurrence of sports
  • Trauma-related injuries
  • Increasing orthopedic surgeries
  • Increasing geriatric population
Speak to Analyst Request a Free Sample

Artificial Disc Replacement Market Overview


The artificial disc replacement market has been expected to grow at a CAGR of 11.80% during the forecast period (2020-2030). Accordingly, this treatment is necessary to treat back pain through a medical procedure. Therefore, the degeneration of the intervertebral discs has been replaced by artificial discs for relieving the pain. Apart from that, artificial disc replacement helps in reducing back pain as well as the maintenance of spinal mobility is practiced. Thus, these factors attempt to propel the market growth and have been considered as the basic medical procedure for the treatment of back pain.


Further, to this context, it has been obtained that an increase in the demand of spending on research and development has maintained spine mobility with aggressive strategies for the betterment of back pain issues. For instance, it has been noticed that Zimmer Biomet has explained to make the cost-effective up to USD 1 billion by the forecast period. However, the rise in the cost of disc replacement surgeries has been observed and it attempts to include the technical challenges faced by surgeons during the replacement surgeries. Hence, this affects or rather hamper the growth of the artificial disc replacement market during the mentioned assessment period.


Covid 19 Analysis


The sudden outbreak of the covid 19 situation has worsened the market growth in every possible way. Thus, it has been managed to mention that WHO’s statement has been considered to be official and has been addressed as the basic situational analysis. Apart from that, this particular market has observed that the pandemic situation has changed the artificial disc replacement market dynamics, observed requirements, and trends. This has been idealized as the changed situation after the covid situation and lockdown crisis. Moreover, the financial background of the mentioned artificial disc market has a huge negative impact during the lockdown days. Further, it has managed to anticipate the market effect as well as the regaining of the harmful situation after the lockdown days in the coming period.


Artificial Disc Replacement Market Dynamics



  • Drivers


The market drivers attempt to portray that the factors that involve the growing awareness also intend to state of the people have managed to benefit the devices by replacing the process over the life treatment devices. These devices have attempted to state that the rapid rise in the growth of medical procedures has been affected. Apart from that, the demand for minimal facilities of medical devices along with the global ADR of the market growth has been affected.



  • Restraints


One of the major factors of restraints states that the high cost of the devices, technical challenges, regulatory requirements, and the situations faced by the surgeons. Hence, it attempts to showcase that the importance of the artificial disc devices along with the lack of uniform reimbursement of the policies has been hampered. This has affected the demand of the artificial disc replacement market.


Opportunities


In this concise market of opportunities, it has been addressed that the increase in the spending on research and development has been addressed and it stares to be considered as an aggressive strategy. Apart from that, within this stated market, the opportunity of acquiring by the top market players for enhancing the growth of the market has been idealized as well. Therefore, the devices have been referred to as the basic structure that provides an ailment to the body of a human for better analysis. Hence, the implant of the device and the aid of retaining addresses to be flexible and its movement has been rapid growth with the artificial disc replacement market.



  • Challenges


One of the basic challenging factors addressed states that this market has been addressed and it cumulates that the lack of disc replacement has been addressed as well. This suggests the importance of the treatment has been lacking and it is indulged more for reimbursing the situation. Apart from that, another challenging factor has been addressed and it claims that the high cost of the medical structures and has been harsh for many people to afford. Hence, this factor has affected the growth of the market global market and has been addressed to be affected worldwide.


Cumulative Analysis


The Compound Annual Growth Rate (CAGR) is predicted to grow at 19.6%. Accordingly, the market growth has expanded within the forecast period of 2021-2027. Various drivers such as the growing awareness of the treatment and the medical devices for ailing the chronic diseases. This has helped in the rising industrialization of the world. 


Value Chain Analysis


An increasing emphasis on using the artificial discs for the rise in the market will impact the market positively. Also, the growing initiatives by the government for the development and research will improve the value chain of the Artificial disc replacement Market in the upcoming years.


Artificial Disc Replacement Market Segmentation


According to the market segmentation, the artificial disc market has been segmented based o the type, material, and location.


It clearly states that based on type, this particular market has been segmented under the composite classification of the disc, mechanical disc, and many more. Further, the mechanical disc has been divided into the Cineflex disc, maverick disc, and the flex core disc as well. On the other hand, the location segmentation clearly states the importance of cervical disc replacement, lumbar disc replacement as well.


Based on the material, the market has been segmented under biopolymer, metal, and mixed for better growth in the future.


Artificial Disc Replacement Market Regional Analysis


In this particular analysis, the regional analysis of the market has been segmented under the different regions. America has been likely to dominate the market of artificial disc globally. Further, the artificial disc replacement market has been owned to the well-established market and it signifies to be in the healthcare sector, orthopaedic surgeries, and the adoption of the market. Therefore, the replacement of the procedures and the inclusion of the two-level disc replacements. Apart from that, the European market is expected to be the second-largest disc replacement after the Americas. The factors such as propelling the regional growth of the market tend to increase the expenditure on healthcare, an increase in the geriatric population within this region. The favourable government and the regulatory policies have been increasing as well. Hence, the device has been used in treating the cervical disc with the two adjacent levels in between the C3-C7 with basic segments.


On the other hand, Asia-Pacific has expected to make the growth as the fastest growing artificial disc replacement and it attempts to level the artificial disc replacement market during the forecast period. The rise in the utility of the minimally invasive method and includes two of the degenerative disorders. Therefore, the government initiatives and the quality of the healthcare services. These accounts are to be available at affordable prices. According to the study conducted by the NCBI, the disc degenerative disorder has been commonly found in the sector, the poor economic condition has been based upon technical knowledge and it appears to be lacking in nature.


Artificial Disc Replacement Market Competitive Landscape


The Artificial Disc Replacement market comprises moderate competition and it initiates the importance of the several major players that competes with the market. Hence, some of the major key players are:



  • Globus Medical

  • Zimmer Biomet

  • Braun

  • Medtronic Plc

  • NuVasive Inc

  • Orthodox Medical Inc

  • K2M

  • RTI Surgical Holdings

  • Centinel Spine

  • AxioMed LLC

  • LLC


Recent Development



  • In 2018, January, the acquisition has been made between NuVasive Inc the SafePassage to strengthen the IONM business model.

  • In February 2016, K2M Inc received CE for the marking approval of the new generation Rin Cervical Disc System and that treatment has been done by degenerative disease. Hence, this approval has helped the company to strengthen the existing product and the generation of the revenue.

  • In September 2016 the Globus Medical Inc has been acquired to maintain the international operation as well as the distribution channel of Alphatec Holdings in the field of medical devices.


Artificial Disc Replacement Market Report Overview


This report mainly includes all the details and it tends to initialize growth along with the better efficiency of the companies with particular management. It states that the driving factors have been interrupted due to the covid 19 situation. The entire analysis is based upon the Covid 19 analysis, regional analysis, market overview, segmentation analysis, market dynamics and it mainly includes the challenges, opportunities, restraints, and driversFurther, the competitive landscape and the other sections are been presented. Hence, all of the information, that has been collected is from the primary as well as the secondary sources.


By Geographically



  • North America

  • Europe

  • Asia- Pacific

  • Middle-East

  • Africa

  • Other regions of the world


Segmentation


By Type



  • Cervical Artificial Disc

  • Lumbar Artificial Disc


By Material



  • Metal on Polymer

  • Metal on Metal


By End-User



  • Hospital and Clinics

  • Ambulatory Surgery centers


By regions



  • North America

  • Europe

  • Asia- Pacific

  • Middle-East



Report Scope:
Report Attribute/Metric Details
  Market Size   2030 : Significant Value
  CAGR   11.80% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Disc Type, Location and Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Alphatec Spine Inc., Medtronic, DePuy Spine, Stryker, Smith & Nephew Plc, Globus Medical Inc., Aesculap Implant Systems, LLC, NuVasive, Inc., Zimmer Biomet, AxioMed LLC, Joimax GmbH, Orthofix Inc. and K2M Inc.
  Key Market Opportunities   Increasing spending on research and development and aggressive strategies acquired by top players
  Key Market Drivers

  • Rising occurrence of sports and trauma-related injuries
  • Increasing orthopedic surgeries, and increasing geriatric population


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The outlook of the Global Artificial Disc Replacement Market looks very promising.

    Global Artificial Disc Replacement Market is projected to grow at 11.80% CAGR during the assessment period (2020-2030).

    Rising occurrence of sports and trauma-related injuries and increasing orthopedic surgeries are the major tailwinds pushing the growth of the Artificial Disc Replacement Market.

    North America holds the largest share in the Artificial Disc Replacement Market, followed by Europe and the Asia Pacific, respectively.

    Medtronic, Alphatec Spine Inc., DePuy Spine, Smith & Nephew Plc, Stryker, Globus Medical Inc., NuVasive, Inc., Aesculap Implant Systems, LLC, Zimmer Biomet, oimax GmbH, AxioMed LLC, K2M Inc., and J Orthofix Inc., are some of the major players operating in the artificial disc replacement market.