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Pulished Date February, 2020
ID: 9388
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Global Artificial Disc Market Size, Share, Trends & 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.

The disc refers to a flexible cushioning structure made of cartilage-like tissue located between the individual bones of the spine. An artificial disc, commonly called a spinal replacement device or disc prosthesis, is a device implanted in the spine to emulate the functions of a healthy disc. These compressible discs, which are made primarily of metal or biopolymer, or a combination of both, help maintain movement and flexibility. The artificial disc is a rapidly growing segment in the spinal implant market.

Artificial disc replacement is an emerging procedure that replaces the function of a damaged or diseased spinal disc. It is an alternative to spinal fusion for the surgical treatment of severe disc problems. A herniated disc, bone spurs, spondylosis, or radiculopathy should relieve pinched nerves, causing pain that has not been relieved by conservative measures. The spines are replaced by artificial devices in the lumbar (lower) or cervical (upper) spine. During the process, the damaged disc is removed, and the area surrounding the bone is cleaned of any debris. The bone is also deposited to make room for the artificial disc, and the disk is inserted into space. Once secured and the soft tissues of the neck in place, the incision is closed. The procedure is used to treat chronic low back pain and neck pain due to degenerative disc disease.

MARKET DRIVERS

The artificial disc is used to treat chronic pain, severe back pain, and neck pain. An artificial disc is used to treat pain that has not been sufficiently reduced by non-surgical care such as injections, physical therapy, medications, etc. Replacing the artificial disc is more advantageous because it allows a faster return to activities than traditional surgical fusion. Based on the global burden of the disease, low back pain is the leading cause of disability worldwide, affecting approximately 540 million people at any time. Additionally, low back pain was responsible for about 60.1 million disability-adjusted life years in 2015, an increase of 54% since 1990, with the most substantial increase observed in low- and low-income countries. It is anticipated to driving the demand in the global artificial disc market.

The low reoperation rate associated with artificial discs, coupled with better clinical trial results than fusion techniques, is expected to stimulate growth in the industry. Product innovation and technological innovation, combined with an increase in research activity for artificial discs on several levels, is estimated to boost the market growth.

MARKET RESTRAINTS

The high cost of the device, strict regulatory guidelines, and the lack of uniform reimbursement policies for disc replacements are supposed to slow the growth of the artificial disc market.

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 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 the 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. 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 progression of the disease, 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 due to their training. The United States is foreseen to dominate the artificial disc market until 2025. Germany represented more than 20% of the European market in 2018 and should record a notable growth rate.

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 currently 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 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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