Global Lumbar Disc Replacement Device Market Size, Trends & Growth Opportunity, By Material (Metal-On-Metal, and Metal-On-Biopolymer), By End User (Hospital, Clinics, and Ambulatory Surgical Centers), By Region and Forecast till 2027
Report ID : IR100668 | Industries : Healthcare | Published On :May 2024 | Page Count : 230
"Global Lumbar Disc Replacement Device Market Size, Trends & Growth Opportunity, By Material (Metal-On-Metal, and Metal-On-Biopolymer), By End User (Hospital, Clinics, and Ambulatory Surgical Centers), By Region and Forecast till 2027
Global Lumbar Disc Replacement Device Market
Global Lumbar Disc Replacement Device Market was valued at USD 621.1 million in 2022 and is slated to reach at USD 1019.04 million by 2027 at a CAGR of 11.4% from 2022-2027.
Lumbar Disc replacement device is a type of spine arthroplasty disc or device which is made up with various materials such as metal-on-metal, and metal-ob-biopolymer or a combination of both. Change in lifestyle, lack of exercise, and high work load are some of the common factors responsible for back pain which is expected to drive the market growth.
Market Drivers
Rise in incidences of spinal disorders is the key driving factor which is expected to boost the global lumbar disc replacement device market. Also, increase in awareness disc replacement among patients will positively contribute the market growth. Furthermore, continuous improvements in surgical procedures and benefits of minimally invasive surgery procedures will fuel the market growth during this forecast period. Moreover, rise in prevalence of lower back pain is expected to propel the market growth. For instance, according to spinal cord injury data was estimated in 2019, that incidence of spinal cord injury was around cases per 1 million population, in United States.
Market Restraints
However, high cost of spinal surgeries and its devices is the major challenging factor which is expected to hinder the global lumbar disc replacement device market growth. Also, increase in spread of COVID 19 is negatively impacting on lumbar disc replacement device market. These devices are widely used for spinal surgeries as many surgeries were cancelled due to COVID 19 crisis.
Impact of COVID-19
The market for lumbar disc replacement devices, which are mostly utilised in spine procedures, is suffering as a result of the coronavirus's expansion because many surgeries had to be postponed because of the COVID-19 pandemic. Non-essential orthopaedic treatments are currently being performed again in some locations as of July 2020. The hospitals in Italy performing crucial lumbar disc replacement surgery took extra precautions to guarantee the safety of patients, physicians, and other hospital employees during the pandemic's height in March 2020.
Recent Development
In April 2021, The NuVasive Simplify Cervical Artificial Disc (Simplify Disc) was approved for two-level cervical complete disc replacement by the US Food and Drug Administration (FDA).
In March 2021, Gleneagles Global Health City opened an advanced endoscopic spine centre in Chennai to treat spinal illnesses requiring surgery. This facility will address issues with the lower back, facet joint discomfort, sciatic pain, and neck pain that radiates to the hands.
Market segmentation
Global Lumbar Disc Replacement Device Market is segmented into material such as Metal-On-Metal, and Metal-On-Biopolymer. Further, market is segmented into end user such as Hospital, Clinics, and Ambulatory Surgical Centers.
Regional Analysis
Also, Global Lumbar Disc Replacement Device Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed into this report such as Medtronic, AxioMed LLC.,DePuy Synthes, Braun Melsungen, NuVasive Inc., Zimmer Biomet, Paradigm Spine LLC., and Others
Market Taxonomy
By Material
• Metal-On-Metal
• Metal-On-Biopolymer
By End User
• Hospital
• Clinics
• Ambulatory Surgical Centers
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Lumbar Disc Replacement Device Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
"Global Lumbar Disc Replacement Device 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 Lumbar Disc Replacement Device 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 Lumbar Disc Replacement Device Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Lumbar Disc Replacement Device Market Share Analysis, By Material
5.3 Global Lumbar Disc Replacement Device Market Size and Forecast, By Material
5.3.1 Metal-on-Metal
5.3.2 Metal-on-Biopolymer
6 Global Lumbar Disc Replacement Device Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Lumbar Disc Replacement Device Market Share Analysis, By End User
6.3 Global Lumbar Disc Replacement Device Market Size and Forecast, By End User
6.3.1 Hospital
6.3.2 Clinics
6.3.3 Ambulatory Surgical centres
7Global Lumbar Disc Replacement Device Market, By Region
7.1 Global Lumbar Disc Replacement Device Market Share Analysis, By Region
7.2 Global Lumbar Disc Replacement Device Market Share Analysis, By Region
7.3 Global Lumbar Disc Replacement Device Market Size and Forecast, By Region
8North America Lumbar Disc Replacement Device Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Lumbar Disc Replacement Device Market Share Analysis, By Material
8.3 North America Lumbar Disc Replacement Device Market Size and Forecast, By End User
8.4 North America Lumbar Disc Replacement Device Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Lumbar Disc Replacement Device Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Lumbar Disc Replacement Device Market Share Analysis, By Material
9.3 Europe Lumbar Disc Replacement Device Market Size and Forecast, By End User
9.4 Europe Lumbar Disc Replacement Device Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Lumbar Disc Replacement Device Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Lumbar Disc Replacement Device Market Share Analysis, By Material
10.3 Asia Pacific Lumbar Disc Replacement Device Market Size and Forecast, By End User
10.4 Asia Pacific Lumbar Disc Replacement Device 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
11Latin America Lumbar Disc Replacement Device Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Lumbar Disc Replacement Device Market Share Analysis, By Material
11.3 Latin America Lumbar Disc Replacement Device Market Size and Forecast, By End User
11.4 Latin America Lumbar Disc Replacement Device Market Size and Forecast, By Country
12Middle East Lumbar Disc Replacement Device Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Lumbar Disc Replacement Device Market Share Analysis, By Material
12.3 Middle East Lumbar Disc Replacement Device Market Size and Forecast, By End User
12.4 Middle East Lumbar Disc Replacement Device Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 Medtronic
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 AxioMed LLC
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 DePuy Synthes
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Braun Melsungen
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 NuVasive Inc
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Zimmer Biomet
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Paradigm Spine LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Others
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
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