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Pulished Date February, 2020
ID: 9388
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Global Artificial Disc Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type (Lumbar Artificial Disc and Cervical Artificial Disc), Material & Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Industry Forecast (2020 to 2025)

Pulished: February, 2020
ID: 9388
Pages: 140

Artificial Disc Market Size (2020 to 2025)

The global artificial disc market size was estimated at USD 2.20 billion in 2019. This value is expected to reach USD 3.94 billion by 2025, expanding at a CAGR of about 19% between 2020 and 2025.

Artificial discs are implants made of metal or metal-polymer inserted into the spine to replicate the functions of actual discs. A new procedure called artificial disc replacement replaces the function of a damaged or diseased spinal disc. For the surgical treatment of severe disc problems, it is used as an alternative to spinal fusion. Artificial devices replace spinal columns in the lumbar (lower) or cervical (upper) spine. The damaged disc is removed during the procedure, and the area around the bone is cleaned of any debris. Post to that, the disc is inserted into the available space. The incision is closed until the incision is secure and the soft tissues of the neck are in place. Degenerative disc disease causes chronic, extreme low back and cervical pain treated with this treatment. Artificial disc replacement is most common in North America, followed by Europe and the Asia Pacific. Artificial Disc Replacement (ADR) is a significant advancement in spinal surgery. In 1982, Charite, the first disc implant for total disc replacement, was developed in Germany. Also, in 1966, Fernstrom developed and implanted the first cervical artificial disc prototype.

MARKET DRIVERS:

Factors such as growing awareness among people regarding the benefits of the disc replacing process over spinal fusion surgeries and the rapid rise in the growth of demand for minimal surgical procedures are majorly promoting the global artificial disc market growth.

The global artificial disc market receives support from technological advancements and an increase in the prevalence of degenerative spine conditions. Growing healthcare expenditure, increasing disposable income, and supportiveness of reimbursement are further adding fuel to the growth rate of the market. The artificial disc market is also owning innovations of technology, the growth of numerous surgeries, and numerous products' availability, leading to the expansion of industries.

Additionally, the increasing understanding of disc replacement benefits over spinal fusion surgeries and the rapid rise in demand for minimal surgical procedures are some of the primary factors driving the global artificial disc market. Furthermore, technical advances and an increase in the prevalence of degenerative spine disorders drive the artificial disc market. Growing healthcare spending, disposable income, and favorable reimbursement policies contribute to the market's rapid expansion. Sports and trauma-related accidents are becoming more common, and the increasing geriatric population is propelling the demand for the artificial disc market.

MARKET RESTRAINTS:

The high cost of the product, strict regulatory requirements, technical challenges faced by surgeons during replacement surgeries, and a lack of uniform reimbursement policies for disc replacements hamper the demand of the artificial disc market.

MARKET OPPORTUNITIES:

Globally, there has been an increase in the number of clinical trials on artificial discs over ACDF (Anterior cervical discectomy and fusion) surgeries. For example, in November 2016, Spineart SA concluded that Baguera C cervical disc replacement is a safe and effective procedure for treating radiculopathy caused by soft disc herniation or moderate uncarthrosis on levels. The opportunities for key players in the artificial disc industry to obtain regulatory approvals for the commercialization of these products have dramatically improved because research has shown promising results using these discs. Besides, some artificial discs have been studied in FDA-supervised IDE prospective randomized clinical trials. Several opportunities for industry growth have arisen in recent years due to a large number of new artificial discs in the IDE stage of development.

MARKET CHALLENGES:

Risks associated with the surgery are a big challenging factor for the market players. 

COVID-19 Impact on the global artificial disc market:

COVID-19 pandemic outbreak affected every market in some or another way. After the WHO's official announcement, every market observed that the COVID-19 pandemic changed the market's dynamic, trends, and observed requirements. The financial status of the artificial disc market had an impact on COVID-19 during the lockdown days. It is anticipated that the global artificial disc market will regain the loss by the COVID-19 pandemic in the coming days.  

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 to 2025

Base Year

2019

Forecast Period

2020 to 2025

Segments Covered

By Type, Material, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global artificial disc market has been segmented and sub-segmented into the following categories:

Artificial Disc Market – By Type:

  • Lumbar Artificial Disc
  • Cervical Artificial Disc

Depending on the type, the world market for artificial discs is segmented into an artificial lumbar disc and an artificial cervical disc. The cervical artificial disc segment is expected to have a significant share of the global market. Cervical disc replacement is a surgical procedure in which a damaged or degenerated disc is removed and replaced with an artificial disc. These discs are the cushions between the bones (vertebrae) of the neck (cervical spine). According to the World Health Organization (WHO), the prevalence of low back pain for life is estimated at 60% -70% in industrialized countries (the one-year prevalence rate is 15% -45%, in adults, the incidence rate of low back pain is 5% annually) and the prevalence rate in children and adolescents is lower than that of adults, but it increases.

Artificial Disc Market – By Material:

  • Metal-On-Biopolymer
  • Metal-On-Metal

As for materials, the world industry is divided into metal on biopolymer and metal on metal. Both the materials are supposed to contribute similarly to the world market in the coming years.

Artificial Disc Market – By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America is the largest market for artificial discs, followed by Europe and Asia-Pacific.

North American region is currently dominating the global artificial disc market due to supporting factors such as the presence of a well-established healthcare sector, the high adoption rate of advanced technology, and the increment of orthopedic surgeries. Additionally, the artificial disc market has favorable reimbursement policies. These factors are attributing factors of the North American region in the artificial disc market. The United States artificial disc market is foreseen to dominate the North American artificial disc market until 2025.

As expected, The European artificial disc market is recoded as the second-largest artificial disc replacement market after Americans. Many factors propel European regions' growth-share, such as the increment of healthcare expenditure and the increment of the geriatric population. Moreover, the artificial disc market has favorable government regulatory policies as a driver of the European region. Germany represented more than 20% of the European market in 2018 and should record a notable growth rate.

Asia-Pacific is expected to experience the fastest growth due to rapidly developing medical infrastructure, increased spending on preventive care, and increased medical tourism in developing countries like China, Japan, and India in this region. The growth of artificial discs is significantly high in the United States. Compared to other countries due to technology for rapid disease progression, USA and Mexico, higher prevalence, better health care infrastructure, good economic growth, payments high insurance, development, and spending of the private health sector, and increased awareness among people training.

Finally, the smallest growth share is attributing to the Middle East and Africa region due to the underdevelopment of the healthcare sector and poor economic conditions in countries. Moreover, the Middle East and Africa region is lacking technical knowledge.  

KEY MARKET PLAYERS:

The artificial disc market is moderately competitive and consists of several major players. In terms of market share, few of the leading players currently dominate the market. Some of the companies that now dominate the market are Globus Medical, Zimmer Biomet, B. Braun Melsungen, Centinel Spine, LLC, Medtronic Plc, AxioMed LLC, NuVasive Inc, Orthofix Medical Inc, K2M, Inc, RTI Surgical Holdings, Inc and Synergy Disc Replacement Inc.

RECENT HAPPENINGS IN THIS MARKET:

  • In January 2018, an acquisition was made between NUVasive Inc with SafePassage to strengthen its IONM business line.
  • In September 2016, Globus Medical Inc. acquired the international operations and distribution channels of Alphatec Holdings, a leading company in the field of medical devices. The acquisition was aimed at expanding the geographic scope and customer base of the business.
  • In February 2016, K2M Inc. received CE marking approval for its new generation Rin Cervical Disc System to treat degenerative disc disease. This approval has helped the company strengthen its existing product portfolio and generate more revenue.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Artificial Disc Market, By Type                            

                                6.1.1 Lumbar Artificial Disc           

                                6.1.2 Cervical Artificial Disc          

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Artificial Disc Market, By Material                     

                                6.2.1 Metal-On-Biopolymer        

                                6.2.2 Metal-On-Metal   

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Material             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Material             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Material             

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Material             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Material             

8. Key Player Analysis                                    

                8.1 Globus Medical                         

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Zimmer Biomet                         

                8.3 B. Braun Melsungen                               

                8.4 Centinel Spine, LLC                  

                8.5 Medtronic Plc                            

                8.6 AxioMed LLC                              

                8.7 NuVasive Inc                              

                8.8 Orthofix Medical Inc                               

                8.9 K2M, Inc                      

                8.10 RTI Surgical Holdings, Inc                    

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Type, By Material and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Artificial Disc Market By Region, From 2020-2025 ( USD Billion )
  2. Global Artificial Disc Market By Type, From 2020-2025 ( USD Billion )
  3. Global Lumbar Artificial Disc Market By Region, From 2020-2025 ( USD Billion )
  4. Global Cervical Artificial Disc Market By Region, From 2020-2025 ( USD Billion )
  5. Global Artificial Disc Market By Material, From 2020-2025 ( USD Billion )
  6. Global Metal-On-Biopolymer Market By Region, From 2020-2025 ( USD Billion )
  7. Global Metal-On-Metal Market By Region, From 2020-2025 ( USD Billion )

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