Artificial disc replacement market Research Report- Forecast to 2027

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 2027

ID: MRFR/MED/0886-HCR | February 2021 | Region: Global | 85 pages

Artificial Disc Replacement Market Scenario


The artificial disc replacement market is expected to grow during the forecast period (2018–2023) at a CAGR of ~19.6%.


Artificial discs replacement surgery is done to treat back pain. In this medical procedure degenerated intervertebral discs are replaced by artificial discs. It helps to reduce or eliminate the back pain as well as to maintain the spine mobility. Factors propelling the growth of the market are rising occurrence of sports and trauma-related injuries, increasing orthopedic surgeries, and increasing geriatric population. Moreover, increasing spending on research and development and aggressive strategies acquired by top players are contributing to the growth of the market.   For instance, in July 2016, Zimmer Biomet acquired LDR holdings for USD 1 billion. This acquisition has added LDR products: Mobi-C cervical disc replacement and Mivo lumbar and cervical fusion device into their portfolio for treating the spine disorders.


However, the rising cost of disc replacement surgeries, technical challenges faced by surgeons during replacement surgeries and increasing cost of artificial discs may hamper the growth of the market during the assessment period.


Segmentation


The artificial disc replacement market has been segmented on the basis of disc type, location, and material.


On the basis of disc type, the market has been classified as composite discs, elastic discs, mechanical discs and others. The mechanical discs segment has been further divided into maverick discs, kineflex discs, and flex-core discs. The location segment has been further divided into cervical disc replacement and lumbar disc replacement.


The market, by material, has been segmented into metal, biopolymer, mixed and others.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The artificial disc replacement market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European artificial disc replacement market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The artificial disc replacement market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The artificial disc replacement market in the Middle East & Africa has been segmented into the Middle East and Africa.


Regional Market Summary


The Americas are likely to dominate the artificial disc replacement industry owing to the well-established healthcare sector, increasing orthopedic surgeries, adoption of advanced technologies and favorable reimbursement policies. For instance, In October 2016, Anthem BlueCross and BlueShield, major players in the health insurance market, started covering the new disc replacement procedures, which includes one- and two-level cervical total disc replacements performed with the Mobi-C.


The European market is expected to be the second-largest Artificial disc replacement market after Americas. Factors propelling the growth of the market in this region are increasing expenditure on healthcare, increasing geriatric population in this region, and favorable government and regulatory policies. For instance, in July 2016, Medtronic received FDA clearance for its Prestige LP Cervical Disc. The device is used to treat cervical disc disease at two adjacent levels between the C3-C7 segments.


Asia-Pacific is expected to be the fastest-growing artificial disc replacement market during the forecast period owing to the, rising use of minimally invasive methods, rising cases of disc degenerative disorders,  and government initiative to provide quality healthcare services in affordable prices. According to a study conducted by NCBI, disc degenerative disorders are commonly found in the aging population, roughly 40% population of age group 40 and above is suffering from disc degenerative disorders and this number increases to 80% for age group 80 years above.


The market in the Middle East & Africa is expected to account for the smallest share of the artificial disc replacement market due to the underdeveloped healthcare sector in this area, poor economic condition and lack of technical knowledge.


Key Players


Some of the key players in the artificial disc replacement market are 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.


Artificial Disc Replacement Market, by Disc Type



  • Composite

  • Elastic

  • Mechanical


    • Maverick Discs

    • Kineflex Discs

    • Flexcore Discs


  • Others


Artificial Disc Replacement Market, by Location



  • Cervical Discs Replacement

  • Lumbar Disc Replacement


Artificial Disc Replacement Market, by Material



  • Metal

  • Biopolymer

  • Mixed

  • Others


Artificial Disc Replacement Market, by Region



  • Americas

  • North America

  • US

  • Canada

  • South America

  • Europe

  • Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Western Europe

  • Eastern Europe

  • Asia-Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Middle East

  • Africa


Intended Audience



  • Artificial disc manufacturers

  • Medical device manufacturers

  • Healthcare providers

  • Government associations

  • Artificial disc distributors and suppliers

  • Research institutes and academic centers

  • Contract research organizations (CROs)

  • Market research and consulting


 



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   19.6% (2018-2023)
  Base Year   2019
  Forecast Period   2020-2027
  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


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    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 19.6% CAGR during the assessment period (2018-2023).

    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.

    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 Porter’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 CEO’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 NuVasive®, Inc.: Key Financials

    Figure 35 NuVasive®, Inc.: Segmental Revenue

    Figure 36 NuVasive®, 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