Product Code: 1183
Global Artificial Disc Market is poised to witness significant growth between 2023 and 2032. The market growth can be credited to the long-term cost benefits of artificial disc replacement surgeries and the increasing propensity of minimally invasive surgeries.
Overall, the artificial disc market is segmented in terms of type, material, indication, end-use, and region.
Based on type, the lumbar artificial disc segment is set to witness massive growth by 2032 end. An increasingly sedentary lifestyle along with an aging population is resulting in more degenerated spinal disc cases, which will drive the requirement for this kind of surgery in the next ten years. As per reports, in the USA, 54.1 million people were aged above 65 in 2019, depicting a 36% increase since 2009.
On the basis of material, the metal-on-polymer segment will grow substantially through 2032. The segmental growth will be mainly driven by a high demand for biopolymer products. Besides, metal-on-biopolymer materials offer certain benefits such as biocompatibility, a higher degree of rotation, easy insertion, and flexible movement of the spine, which will also contribute to the market demand.
In terms of indication, the spinal trauma segment will register robust growth through 2023-2032, owing to the increasing cases of spinal injuries from auto accidents, falls, and sports-related accidents. A report in the "Journal of Neurosurgery", 2021, claims that the injury rates among young athletes have increased significantly in the last couple of years. It was further revealed that most of the sports related TSIs (traumatic spinal injuries) resulted from cycling, skiing, snowboarding, aquatic sports, and contact sports.
In the context of end-use, the specialty clinic segment accounted for about USD 450 million in terms of revenue in 2022. The growing demand for artificial discs in specialty clinics can be attributed to the availability of range of advanced treatment options for treating patients suffering from spinal conditions. Besides, government-backed initiatives are also increasing the construction of facilities offering spinal solutions in developing countries, which will also add impetus to the market.
In the regional context, the Asia Pacific artificial disc market was valued at more than USD 215 million in 2022 and will further grow by 2032. The regional market growth can be accredited to the increasing cases of degenerative disc diseases and the betterment of healthcare infrastructure in the region. For instance, Vietnam announced hefty investment in its public healthcare system, and as per sources, while USD 46.2 was spent for an individual in 2000, the spending rose to USD 129.6 in 2017.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market scope & definitions
- 1.3 Base estimates & working
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 MEA
- 1.4 Forecast calculations
- 1.5 Data validation
- 1.6 COVID-19 impact analysis at global level
- 1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
- 1.7.2.1 Paid sources
- 1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
- 2.1 Artificial disc industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Type trends
- 2.1.3 Material trends
- 2.1.4 Indication trends
- 2.1.5 End-use trends
- 2.1.6 Regional trends
Chapter 3 Artificial Disc Industry Insights
- 3.1 Industry landscape, 2018 - 2032
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Product & technological innovation such as multi-level disc replacement
- 3.2.1.2 Increasing incidence of degenerative disc diseases
- 3.2.1.3 Long-term cost benefits of artificial disc replacement surgery
- 3.2.1.4 Rising propensity for minimal incision surgery
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 Lack of reimbursement for disc replacement
- 3.2.2.2 High cost of implants
- 3.3 Growth potential analysis
- 3.3.1 By material
- 3.3.2 By material
- 3.3.3 By indication
- 3.3.4 By end-use
- 3.4 COVID-19 impact analysis
- 3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
- 3.5.3 Asia Pacific
- 3.6 Porter's analysis
- 3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2021
- 4.1 Introduction
- 4.1.1 B. Braun Melsungen AG
- 4.1.2 Medtronic PLC
- 4.1.3 NuVasive Inc.
- 4.2 Competitive dashboard, 2021
- 4.3 Company matrix analysis, 2021
- 4.4 Competitive analysis of major market players
- 4.5 Competitive positioning matrix
- 4.6 Strategic outlook matrix
Chapter 5 Artificial Disc Market, By Type
- 5.1 Key segment trends
- 5.2 Cervical artificial disc
- 5.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 5.3 Lumbar artificial disc
- 5.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
Chapter 6 Artificial Disc Market, By Material
- 6.1 Key segment trends
- 6.2 Metal-on-metal
- 6.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 6.3 Metal-on-polymer
- 6.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
Chapter 7 Artificial Disc Market, By Indication
- 7.1 Key segment trends
- 7.2 Spinal trauma
- 7.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 7.3 Degenerative spine disease
- 7.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
Chapter 8 Artificial Disc Market, By End-use
- 8.1 Key segment trends
- 8.2 Hospitals
- 8.2.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 8.3 Specialty clinic
- 8.3.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 8.4 Ambulatory surgical centers
- 8.4.1 Market estimates and forecast, 2018 - 2032 (USD Million)
- 8.5 Others
- 8.5.1 Market estimates and forecast, 2018 - 2032 (USD Million)
Chapter 9 Artificial Disc Market Market, By Region
- 9.1 Key regional trends
- 9.2 North America
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Poland
- 9.3.7 Switzerland
- 9.3.8 Netherlands
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Indonesia
- 9.4.7 Thailand
- 9.4.8 Vietnam
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Chile
- 9.5.5 Colombia
- 9.5.6 Peru
- 9.6 Middle East & Africa
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Iran
- 9.6.5 Egypt
- 9.6.6 Israel
Chapter 10 Company Profiles
- 10.1 AxioMed LLC
- 10.2 B. Braun Melsungen AG
- 10.3 DePuy Synthes Inc. (Johnson & Johnson)
- 10.4 Globus Medical Inc.
- 10.5 KM Inc.
- 10.6 Medtronic PLC
- 10.7 NuVasive Inc.
- 10.8 Orthofix International NV
- 10.9 Paradigm Spine LLC
- 10.10 Simplify Medical Inc.
- 10.11 Spineart SA
- 10.12 Stryker
- 10.13 Synergy Disc Replacement Inc.
- 10.14 Zimmer Biomet