by The global Artificial Disc Replacement market size is expected to be worth around US$ 2.09 billion by 2030, according to a new report by Vision Research Reports.
Artificial Disc Replacement Market (By Material Type: Metal, Metal + Plastic; By Indication: Cervical Disc Replacement, Lumbar Disc Replacement) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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Report Insight
| Report Coverage | Details |
| Market Size | US$ 2.09 billion by 2030 |
| Growth Rate | CAGR of 21.1% From 2021 to 2030 |
| Base year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Material type, Indication |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Medtronic; Orthofix Medical, Inc.; Globus Medical; Aesculap, Inc.; NuVasive, Inc.; AxioMed LLC; Zimmer Biomet; SpineArt SA; Synergy Spine Solutions, Inc.; Centinel Spine |
Report Highlights
The cervical disc replacement segment accounted for the maximum revenue share of more than 51% in 2020. The segment is estimated to retain the dominant position growing at the fastest CAGR of over 23% from 2021 to 2030. The key factors contributing to this share include a rising number of disc degeneration cases in the cervical discs, as compared to the lumbar discs. Furthermore, the high number of products available for artificial cervical disc replacement is also expected to boost the segment growth.
Lumbar disc replacement procedures do not require bone fusion, which leads to shorter recovery time as compared to the other spinal procedures, which is expected to positively impact the market growth. Growing technological advancements and research in the space are also anticipated to boost the segment’s growth during the forecast period.
The metal + plastic material type segment accounted for the highest revenue share of more than 74% in 2020. The majority of the cervical total disc replacement implants, which are FDA-approved in the U.S. today incorporate iterations of metal alloy-based inferior and superior prosthetic endplates, which articulate with a central medical-grade plastic core. Also, the overall success rate of metal + plastic artificial dis replacement procedures is high, which fuels the market growth.
On the other hand, the metal segment is expected to register the fastest CAGR of 23% during the forecast period. This growth is credited to the rising number of research activities in this segment, due to the potential of metals to remove long-term wear as compared to the metal + plastic materials. Despite immense opportunities in this segment, it holds the second-largest market share due to product recalls.
Key Players
- Medtronic
- Orthofix Medical Inc.
- Globus Medical
- Aesculap, Inc.
- NuVasive, Inc.
- AxioMed LLC
- Zimmer Biomet
- SpineArt SA
- Synergy Spine Solutions, Inc.
- Centinel Spine
Market Segmentation
- Material Type Outlook
- Metal
- Metal + Plastic
- Indication Outlook
- Cervical Disc Replacement
- Lumbar Disc Replacement
- Regional Outlook
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Saudi Arabia
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Artificial Disc Replacement Market, By Material Type
7.1. Artificial Disc Replacement Market, by Material Type, 2021-2030
7.1.1. Metal
7.2. Market Revenue and Forecast (2016-2030)
7.2.1. Metal + Plastic
7.2.1.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Artificial Disc Replacement Market, By Indication
8.1. Artificial Disc Replacement Market, by Indication, 2021-2030
8.1.1. Cervical Disc Replacement
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Lumbar Disc Replacement
8.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Artificial Disc Replacement Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.1.2. Market Revenue and Forecast, by Indication (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.1.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.1.4.2. Market Revenue and Forecast, by Indication (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.2.2. Market Revenue and Forecast, by Indication (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.2.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.2.4.2. Market Revenue and Forecast, by Indication (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.2.5.2. Market Revenue and Forecast, by Indication (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.2.6.2. Market Revenue and Forecast, by Indication (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.3.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.3.4.2. Market Revenue and Forecast, by Indication (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.3.5.2. Market Revenue and Forecast, by Indication (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.3.6.2. Market Revenue and Forecast, by Indication (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.4.2. Market Revenue and Forecast, by Indication (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.4.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.4.4.2. Market Revenue and Forecast, by Indication (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.4.5.2. Market Revenue and Forecast, by Indication (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.4.6.2. Market Revenue and Forecast, by Indication (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.5.2. Market Revenue and Forecast, by Indication (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.5.3.2. Market Revenue and Forecast, by Indication (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Material Type (2016-2030)
9.5.4.2. Market Revenue and Forecast, by Indication (2016-2030)
Chapter 10. Company Profiles
10.1. Medtronic
10.1.1. Company Overview
10.1.2. Material Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Orthofix Medical Inc.
10.2.1. Company Overview
10.2.2. Material Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Globus Medical
10.3.1. Company Overview
10.3.2. Material Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Aesculap, Inc.
10.4.1. Company Overview
10.4.2. Material Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. NuVasive, Inc.
10.5.1. Company Overview
10.5.2. Material Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. AxioMed LLC
10.6.1. Company Overview
10.6.2. Material Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Zimmer Biomet
10.7.1. Company Overview
10.7.2. Material Type Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. SpineArt SA
10.8.1. Company Overview
10.8.2. Material Type Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Synergy Spine Solutions, Inc.
10.9.1. Company Overview
10.9.2. Material Type Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Centinel Spine
10.10.1. Company Overview
10.10.2. Material Type Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
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