Abstract
Summary
Introduction
The global Artificial Disc Replacement Market accrued earnings worth approximately 502 (USD Million) in 2021 and is predicted to gain revenue of about 1,090 (USD Million) by 2028, is set to record a CAGR of nearly 11.8% over the period from 2022 to 2028. The report offers assessment and analysis of the Artificial Disc Replacement Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Million). Artificial Disc Replacement Market: Overview
An artificial disk is also referred to as disc replacement and is an instrument inserted in the spine for imitating normal disc functions such as load carrying allowing motion. Moreover, artificial discs are categorized into two kinds, namely, disc nucleus replacement and total disc replacement. Apparently, these products are made from biopolymers or metallic materials as well as blend of both biopolymers and metallic materials. Artificial discs are used for treating chronic pain, back pain, and cervical pain. Additionally, the product is utilized for treating pain not adequately reduced due to non-operative care, including medications and injections.
Artificial Disc Replacement Market: Growth Dynamics
Growth of artificial disc replacement market over assessment period is subject to surge in number of trauma-related disorders, sports injuries, and orthopedic surgeries. In addition to this, increase in technological breakthroughs and rise in aging population will steer size of artificial disc replacement industry. Furthermore, artificial disc replacement surgical operations are performed on individuals having chronic back pain as a result of degenerated discs. Massive awareness among individuals pertaining to advantages of artificial disc replacement methods as compared to spinal fusion surgeries will steer artificial disc replacement industry growth.
Moreover, artificial disc replacement is a paradigm shift in spinal surgery. For record, Charite first disc implant utilized as total disc replacement- was created in Germany during 1982. Reportedly, Fernstrom had produced as well as inserted the first cervical artificial disc type in 1966. All such moves have favorably influenced growth in volume of production revenue of artificial disc replacement market. Rise in degenerative disc disorders has paved the way for impeccable growth of artificial disc replacement market. Need of minimal incision surgeries and launching of multi-level disc replacement methods has drawn immaculate growth trajectory for artificial disc replacement market. However, high implantation costs and low reimbursement for disc replacement surgical procedures has decimated utility of artificial disc replacement methods in surgeries, thereby severely affecting growth of market.
Report Scope:
Artificial Disc Replacement Market: Regional Landscape
North American Market To Exhibit Market Growth Over 2022-2028
Growth of artificial disc replacement market in North America over the next six years can be credited to sedentary life patterns in countries such as the U.S. Increase in market size of the region is due to rise in occurrence of disc degenerative disorders in the U.S. and increment in proportion of individuals opting for disc replacement over other forms of surgeries. With key players already based in the U.S. and Canada, the market in the region is likely to gain traction in upcoming years.
Competitive Insights
Inorganic growth strategies have provided attractive avenues for industry players in terms of both revenue growth and business expansion. Some of them are profiled in our report and include Centinel Spine, Synergy Spine Solutions, Inc., SpineArt SA, Orthofix Medical Inc., NuVasive, Inc., Zimmer Biomet, Aesculap, Inc., AxioMed LLC, Globus Medical, Inc., and Medtronic plc.
The global Artificial Disc Replacement Market is segmented as follows:
By Material Type
Metal-on-metal
Metal-on-biopolymer
By Product Type
Cervical Artificial Disc
Lumbar Artificial Disc
By Region
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
Table of Contents
1 Preface
1.1 Report Description and Scope
1.2 Research scope
1.3 Research methodology
1.3.1 Market Research Type
1.3.2 Market research methodology
2 Executive Summary
2.1 Global Artificial Disc Replacement Market, (2022 - 2028) (USD Million)
2.2 Global Artificial Disc Replacement Market : snapshot
3 Global Artificial Disc Replacement Market - Industry Analysis
3.1 Artificial Disc Replacement Market: Market Dynamics
3.2 Market Drivers
3.3 Market Restraints
3.4 Market Opportunities
3.5 Market Challenges
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market attractiveness analysis By Material Type
3.7.2 Market attractiveness analysis By Product Type
4 Global Artificial Disc Replacement Market- Competitive Landscape
4.1 Company market share analysis
4.1.1 Global Artificial Disc Replacement Market: company market share, 2021
4.2 Strategic development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, cullaborations, and joint ventures
4.2.4 Research and development and Regional expansion
4.3 Price trend analysis
5 Global Artificial Disc Replacement Market - Material Type Analysis
5.1 Global Artificial Disc Replacement Market overview: By Material Type
5.1.1 Global Artificial Disc Replacement Market share, By Material Type, 2021 and 2028
5.2 Metal-on-metal
5.2.1 Global Artificial Disc Replacement Market by Metal-on-metal, 2022 - 2028 (USD Million)
5.3 Metal-on-biopolymer
5.3.1 Global Artificial Disc Replacement Market by Metal-on-biopolymer, 2022 - 2028 (USD Million)
6 Global Artificial Disc Replacement Market - Product Type Analysis
6.1 Global Artificial Disc Replacement Market overview: By Product Type
6.1.1 Global Artificial Disc Replacement Market share, By Product Type, 2021 and 2028
6.2 Cervical Artificial Disc
6.2.1 Global Artificial Disc Replacement Market by Cervical Artificial Disc, 2022 - 2028 (USD Million)
6.3 Lumbar Artificial Disc
6.3.1 Global Artificial Disc Replacement Market by Lumbar Artificial Disc, 2022 - 2028 (USD Million)
7 Artificial Disc Replacement Market - Regional Analysis
7.1 Global Artificial Disc Replacement Market Regional Overview
7.2 Global Artificial Disc Replacement Market Share, by Region, 2021 & 2028 (USD Million)
7.3 North America
7.3.1 North America Artificial Disc Replacement Market, 2022 - 2028 (USD Million)
- 7.3.1.1 North America Artificial Disc Replacement Market, by Country, 2022 - 2028 (USD Million)
7.4 North America Artificial Disc Replacement Market, by Material Type, 2022 - 2028
7.4.1 North America Artificial Disc Replacement Market, by Material Type, 2022 - 2028 (USD Million)
7.4.2 Europe Artificial Disc Replacement Market, 2022 - 2028 (USD Million)
- 7.4.2.1 Europe Artificial Disc Replacement Market, by Country, 2022 - 2028 (USD Million)
7.5 North America Artificial Disc Replacement Market, by Product Type, 2022 - 2028
7.5.1 North America Artificial Disc Replacement Market, by Product Type, 2022 - 2028 (USD Million)
7.5.3 Asia Pacific Artificial Disc Replacement Market, 2022 - 2028 (USD Million)
- 7.5.3.1 Asia Pacific Artificial Disc Replacement Market, by Country, 2022 - 2028 (USD Million)
7.6 Latin America
7.6.4 Latin America Artificial Disc Replacement Market, 2022 - 2028 (USD Million)
- 7.6.4.1 Latin America Artificial Disc Replacement Market, by Country, 2022 - 2028 (USD Million)
7.7 The Middle-East and Africa
7.7.5 The Middle-East and Africa Artificial Disc Replacement Market, 2022 - 2028 (USD Million)
- 7.7.5.1 The Middle-East and Africa Artificial Disc Replacement Market, by Country, 2022 - 2028 (USD Million)
8 Company Profiles
8.1 Centinel Spine
8.1.1 Overview
8.1.2 Financials
8.1.3 Product Portfolio
8.1.4 Business Strategy
8.1.5 Recent Developments
8.2 Synergy Spine Solutions Inc
8.2.1 Overview
8.2.2 Financials
8.2.3 Product Portfolio
8.2.4 Business Strategy
8.2.5 Recent Developments
8.3 SpineArt SA
8.3.1 Overview
8.3.2 Financials
8.3.3 Product Portfolio
8.3.4 Business Strategy
8.3.5 Recent Developments
8.4 Orthofix Medical Inc
8.4.1 Overview
8.4.2 Financials
8.4.3 Product Portfolio
8.4.4 Business Strategy
8.4.5 Recent Developments
8.5 NuVasive Inc
8.5.1 Overview
8.5.2 Financials
8.5.3 Product Portfolio
8.5.4 Business Strategy
8.5.5 Recent Developments
8.6 Zimmer Biomet
8.6.1 Overview
8.6.2 Financials
8.6.3 Product Portfolio
8.6.4 Business Strategy
8.6.5 Recent Developments
8.7 Aesculap Inc
8.7.1 Overview
8.7.2 Financials
8.7.3 Product Portfolio
8.7.4 Business Strategy
8.7.5 Recent Developments
8.8 AxioMed LLC
8.8.1 Overview
8.8.2 Financials
8.8.3 Product Portfolio
8.8.4 Business Strategy
8.8.5 Recent Developments
8.9 Globus Medical Inc
8.9.1 Overview
8.9.2 Financials
8.9.3 Product Portfolio
8.9.4 Business Strategy
8.9.5 Recent Developments
8.10 Medtronic plc
8.10.1 Overview
8.10.2 Financials
8.10.3 Product Portfolio
8.10.4 Business Strategy
8.10.5 Recent Developments