Artificial Disc Replacement Market - Global Industry Analysis

Artificial Disc Replacement Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Healthcare Report Format : PDF Report Code: ZMR-6768 Status : Upcoming

Description

Global Artificial Disc Replacement Market: Overview

Artificial disc replacement is a device implanted into the cervical or spine area to facilitate the work of a normal disc. Cervical artificial disc replacement is a kind of procedure where a diseased cervical disc is replaced by an artificial one. It is developed to maintain the space between two cervical vertebrae. Lumbar disc replacement is a kind of surgery that replaces the degenerated disc in the lower spine with an artificial one, which is made up of a combination of metal or plastic and sometimes solely of metals. This kind of replacement is a substitute for spinal fusion surgery.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Artificial Disc Replacement Market: Growth Factors

The growing number of sports injuries, trauma-related, and orthopedic surgeries is likely to steer the growth of the global artificial disc replacement market. As per the NFL physician society, around 1.2 million cases were witnessed annually due to football-associated injuries alone. The ongoing technological advancements are offering ample thrust to the growth of the market. The outbreak of the Covid-19 pandemic has negatively impacted the demand and sales of artificial discs as several elective surgeries were postponed due to the worldwide lockdowns. But the graph of the post-pandemic period of the global artificial disc replacement market is tracing a positive trajectory as it is expected that postponed surgeries and growing health awareness among people will significantly accelerate the demand. However, the transforming healthcare reforms in several economies are expanding the accessibility of high-end treatments to a large population, which in turn will further augment the demand for healthcare-related products, including spinal and cervical surgery solutions. Patients facing back pain issues owing to the problem of degenerated discs are widely undergoing artificial disc replacement surgeries, and as per the American Chiropractic Association, 80% of people all around the globe suffer from back pain at least once in their lifetime. Also, it states, the cost involved in treating lower back pain costs around USD 50 billion to every American every year. Therefore, the implementation of favorable reimbursement policies in developing regions to curb the growing healthcare costs is likely to allow people to avail of complete treatment, which in turn will also positively impact the growth rate. Also, there is a significant spike in the cases of musculoskeletal pain along with the constantly growing geriatric population. All these aforementioned factors are likely to fuel the demand for artificial disc replacement procedures exponentially.

Global Artificial Disc Replacement Market: Segmentation

The global artificial disc replacement market can be segmented into indication, material type, and region.

By indication, the market can be segmented into lumbar and cervical disc replacement. The cervical disc replacement segment holds the largest share in the global artificial disc replacement market due to the growing cases of degeneration in cervical disc globally. Also, the wide and easy availability of the products involved in artificial cervical disc replacement are likely to further augment the growth of the segment.

By material type, the market can be segmented into a combination of metal & plastic and metal. The combination of metal & plastic segment accounts for the largest share in the global artificial disc replacement market as most of the cervical total disc replacement implants are the iteration of metal alloys superior and inferior prosthetic endplates, which has a central plastic core. Also, the preference for this combination is growing owing to the overall success rate, and the segment is expected to continue dominating the global artificial disc replacement market over the forecast period.

Global Artificial Disc Replacement Market: Regional analysis

North America accounts for the largest share in the global artificial disc replacement market due to the presence of strong market players in the region. Also, the region is well equipped with advanced hospitals offering high end treatments, thereby fueling the regional market growth.

Europe accounts for the second-largest share in the global artificial disc replacement market due to the constantly growing geriatric population along with the high prevalence of spinal disorders in the region. According to the federal statistical office, around 17.2 million surgical cases were reported in 2019 in Germany. Among all, spinal implant surgeries were the most common. However, the growing investment by giant organizations to widen their customer base and expand their regional presence is likely to further augment the growth of the regional market.

Asia Pacific is expected to be the fastest-growing region in the global artificial disc replacement market due to the growing efforts from the government to create advanced healthcare infrastructure in the region.

Global Artificial Disc Replacement Market: Competitive Players

Some of the significant players in the global artificial disc replacement market are Centinel Spine, Synergy Spine Solutions, Inc., SpineArt SA, Zimmer Biomet, AxioMed LLC, NuVasive, Inc., Aesculap, Inc., Globus Medical, Orthofix Medical Inc., and Medtronic.

Global Artificial Disc Replacement Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing number of sports injuries, trauma-related, and orthopedic surgeries is likely to steer the growth of the global artificial disc replacement market. As per the NFL physician society, around 1.2 million cases were sustained annually due to football-associated injuries alone. The ongoing technological advancements are offering ample thrust to the growth of the market.

 

Some of the significant players in the global artificial disc replacement market are Centinel Spine, Synergy Spine Solutions, Inc., SpineArt SA, Zimmer Biomet, AxioMed LLC, NuVasive, Inc., Aesculap, Inc., Globus Medical, Orthofix Medical Inc., and Medtronic.

North America accounts for the largest share in the global artificial disc replacement market due to the presence of strong market players in the region. Also, the region is well equipped with advanced hospitals offering high and treatments, thereby fueling the regional market growth.

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