Global Artificial Disc Market Size, Trends & Growth Opportunity, By Type (Lumbar Artificial Disc, and Cervical Artificial Disc), By Material (Metal-On-Biopolymer, and Metal-On-Metal), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100160 | Industries : Energy & Power | Published On :May 2024 | Page Count : 240
Global Artificial Disc Market Size, Trends & Growth Opportunity, By Type (Lumbar Artificial Disc, and Cervical Artificial Disc), By Material (Metal-On-Biopolymer, and Metal-On-Metal), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Artificial Disc Market
Global Artificial Disc Market was valued at USD 2.25 billion in 2021 and is expected to reach USD 5.91 billion by 2027, at a CAGR 13.60% from 2022-2027.
Artificial disc is commonly referred to as a spine arthroplasty device or disc prosthesis which is implanted into the spine to emulate functions of normal disc. It is made up of metal or biopolymer or a combination of both. Artificial disc is a substitute for spinal fusion for the surgical treatment of severe disc problems.
In more than 90% of patients, an artificial disc replacement will last approx. 10 years and likely for the rest of life. Simulated wear studies indicate artificial discs can last a minimum of 40 years and perhaps up to 100 years.
Market Drivers
Increasing healthcare expenditure is a major driving factor which is expected to boost the global artificial disc market growth. Furthermore, rising disposable income shall have a positive impact on market growth. Moreover, growing prevalence of degenerative disc diseases and demand for non-invasive procedures is expected to boost the market growth during this forecast period 2027.
Additionally, rising number of surgeries and the availability of number of products will drive the market growth. Also, the approval for new products by regulatory authority will fuel the market growth.
Market Restraints
However, high cost of implants is the major challenging factor which is expected to hinder the global artificial disc market growth. Also, lack of reimbursement for disc replacement will obstruct the market growth in future.
Market Segmentation
The Global Artificial Disc Market is segmented into type, material, and region.
Based on Material Type, the Global Artificial Disc Market is segmented into Metal-On-Biopolymer, and Metal-On-Metal.
On the other hand, the metal segment is expected to register the highest CAGR. This growth is credited to the increasing number of research activities in this segment, due to the potential of metals to remove long-term wear.
Regional Analysis
The Global Artificial Disc Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the Artificial Disc Market. The large share of the North America region is credited to the presence of key vendors and technologically equipped hospitals in the U.S. and Canada.
The European region held the second-largest share of the market due to a high aging population and prevalence of spinal disorders resulting in a growing number of disc replacement surgeries.
Key Players
Various key players are discussed into the Global Artificial Disc Market Report including: B. Braun Melsungen AG, Johnson & Johnson, Globus Medical Inc., Spinal Kinetics Inc., K2M Inc., Simplify Medical Inc., AxioMed LLC, Medtronic PLC., Nuvasive Inc, Stryker Corporation, and Others.
Market Taxonomy
By Type
• Lumbar Artificial Disc
• Cervical Artificial Disc
By Material
• Metal-On-Biopolymer
• Metal-On-Metal
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Artificial Disc Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Artificial Disc Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Artificial Disc Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Artificial Disc Market Share Analysis, By Type
5.3 Global Artificial Disc Market Size and Forecast, By Type
5.3.1 Lumbar Artificial Disc
5.3.2 Cervical Artificial Disc
6 Global Artificial Disc Market, By Material
6.1 Y-o-Y Growth Comparison, By Material
6.2 Global Artificial Disc Market Share Analysis, By Material
6.3 Global Artificial Disc Market Size and Forecast, By Material
6.3.1 Metal-On-Biopolymer
6.3.2 Metal-On-Metal
7 Global Artificial Disc Market, By Region
7.1 Global Artificial Disc Market Share Analysis, By Region
7.2 Global Artificial Disc Market Share Analysis, By Region
7.3 Global Artificial Disc Market Size and Forecast, By Region
8 North America Artificial Disc Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Artificial Disc Market Share Analysis, By Type
8.3 North America Artificial Disc Market Size and Forecast, By Material
8.4 North America Artificial Disc Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Artificial Disc Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Artificial Disc Market Share Analysis, By Type
9.3 Europe Artificial Disc Market Size and Forecast, By Material
9.4 Europe Artificial Disc Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Artificial Disc Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Artificial Disc Market Share Analysis, By Type
10.3 Asia Pacific Artificial Disc Market Size and Forecast, By Material
10.4 Asia Pacific Artificial Disc Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Artificial Disc Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Artificial Disc Market Share Analysis, By Type
11.3 Latin America Artificial Disc Market Size and Forecast, By Material
11.4 Latin America Artificial Disc Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Artificial Disc Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Artificial Disc Market Share Analysis, By Type
12.3 Middle East Artificial Disc Market Size and Forecast, By Material
12.4 Middle East Artificial Disc Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 B. Braun Melsungen AG
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Johnson & Johnson
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Globus Medical Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Spinal Kinetics Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 K2M Inc.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Simplify Medical Inc.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 AxioMed LLC
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Medtronic PLC
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Nuvasive Inc.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Stryker Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies