USD 1.38 billion
Global Artificial Disc Replacement Market Size, Share, Growth Analysis, By Material type(Metal, Metal + Plastic), By Indication(Cervical Disc Replacement, Lumbar Disc Replacement) - Industry Forecast 2023-2030
Report ID: SQMIG35A2575 | Region: Global | Published Date: August, 2023 | Pages: 157 | Tables: 61 | Figures: 71
Global Artificial Disc Replacement Market Insights
Artificial Disc Replacement Market size was valued at USD 1.38 billion in 2021 and is poised to grow from USD 1.46 billion in 2022 to USD 2.29 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).
The Global Artificial Disc Replacement (ADR) Market has experienced significant growth in recent years due to its potential to address debilitating spinal conditions and offer an alternative to traditional spinal fusion surgery. ADR involves replacing damaged or degenerated intervertebral discs with artificial implants to restore spinal stability, maintain natural motion, and alleviate pain. Several factors have contributed to the market's expansion. Increasing awareness among patients about minimally invasive surgical options and their benefits has driven demand for ADR procedures. This approach preserves more natural spine movement compared to fusion surgery, potentially leading to better long-term outcomes and reduced postoperative complications. Advancements in medical technology and materials have further propelled market growth. Innovative designs and materials for artificial discs aim to closely mimic the biomechanics of natural spinal discs, enhancing patient comfort and durability. Moreover, the aging global population and rising prevalence of spinal disorders, such as degenerative disc disease, have created a substantial patient pool seeking effective treatment options like ADR.
US Artificial Disc Replacement Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Metal + Plastic
Fastest Growth
Metal + Plastic
Growth Rate
5.8% CAGR
Global Artificial Disc Replacement Market ($ Bn)
Country Share for North America Region (%)
Global Artificial Disc Replacement Market By Material type ($ Bn)
Global Artificial Disc Replacement Market By Material type (%)
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Global Artificial Disc Replacement Market Segmental Analysis
The Global Artificial Disc Replacement Market is segmented on the basis of Material type, Indication and region. By Material type, the market is segmented into Metal, Metal + Plastic. By Indication, the market is segmented into Cervical Disc Replacement, Lumbar Disc Replacement. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Artificial Disc Replacement Market Analysis By Material Type
In terms of calculation by material type, the Metal + Plastic segment is often considered the dominant material type. This combination of materials is commonly used in the design of artificial discs to mimic the natural flexibility and movement of the spinal column. The metal component provides stability and support, while the plastic (polyethylene) component allows for smooth articulation and reduces friction between the metal surfaces.
On the other hand, the metal segment has been one of the fastest-growing segments in the artificial disc replacement market. Advances in metallurgy and material science have led to the development of innovative metal alloys that offer improved durability, biocompatibility, and wear resistance. As a result, more surgeons and patients have been exploring the use of all-metal artificial discs for specific cases.
Artificial Disc Replacement Market Analysis By Indication
With respect to categorization by indication, Cervical disc replacement is the dominant segment. This involves the surgical replacement of damaged or degenerated intervertebral discs in the neck region (cervical spine) with artificial discs. This procedure aims to relieve pain and maintain mobility while preserving the natural motion of the cervical spine. Cervical disc replacement is often considered a dominant segment due to its established use and potential benefits for patients with certain cervical spine conditions.
On the other hand, Lumbar disc replacement is the fastest growing segment. It focuses on the lumbar (lower back) region of the spine. It involves the replacement of damaged or diseased discs in the lumbar spine with artificial discs. This procedure is intended to alleviate pain and maintain spine flexibility in the lower back. The lumbar disc replacement segment is noted as the fastest-growing segment, likely due to the increasing prevalence of lower back issues and advancements in surgical techniques.
Global Artificial Disc Replacement Market By Material type, 2021 (%)
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Global Artificial Disc Replacement Market Regional Insights
The global artificial disc replacement market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America, specifically the United States, has historically been a dominant region in the artificial disc replacement market. The region has a well-established healthcare infrastructure, a high prevalence of spinal disorders, and a relatively higher adoption rate of advanced medical technologies. These factors have contributed to North America's dominance in the artificial disc replacement market.
As for the fastest growing segment, Asia-Pacific showcases remarkable growth. The Asia-Pacific region, particularly countries like China and India, has been experiencing significant growth in the healthcare sector and medical technology adoption. This region has a large population base, increasing awareness about advanced medical treatments, and a growing middle class with higher healthcare spending capacity. These factors have led to a rising demand for procedures like artificial disc replacement, making Asia-Pacific one of the fastest-growing regions in this market.
Global Artificial Disc Replacement Market By Geography, 2023-2030
- Largest
- Fastest
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Global Artificial Disc Replacement Market Dynamics
Artificial Disc Replacement Market Drivers
Aging Population and Degenerative Disc Diseases:
- The global population is aging, leading to an increased prevalence of degenerative disc diseases such as herniated discs and chronic back pain. Artificial disc replacement offers an alternative to traditional spinal fusion surgery, as it aims to preserve spinal motion and potentially reduce adjacent segment degeneration. This growing patient pool seeking minimally invasive and motion-preserving treatment options could drive the demand for artificial disc replacement.
Technological Advancements and Product Innovation:
- Advancements in medical technology and materials science have led to the development of improved artificial disc designs and surgical techniques. These innovations aim to enhance the durability, range of motion, and overall performance of artificial discs. Surgeons and patients alike are often drawn to these advancements, which can potentially improve patient outcomes and reduce the need for revision surgeries.
Artificial Disc Replacement Market Restraints
High Costs and Reimbursement Challenges:
- Artificial disc replacement surgery can be expensive, involving costs related to the implant, surgical procedure, hospital stay, and post-operative care. In some regions, reimbursement policies may not fully cover the costs of the procedure or may have stringent criteria for eligibility. High costs and reimbursement challenges can limit patient access to the procedure and impact the adoption rate of artificial disc replacement.
Limited Long-Term Clinical Data:
- While artificial disc replacement has shown promise as an alternative to spinal fusion, the long-term clinical data supporting its effectiveness and safety may still be evolving. Some stakeholders, including surgeons and patients, might be cautious about adopting this procedure due to the lack of extensive long-term outcome data. Concerns about potential complications or device failures could influence the adoption of artificial disc replacement.
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Global Artificial Disc Replacement Market Competitive Landscape
The global artificial disc replacement (ADR) market features a dynamic competitive landscape characterized by key players striving for innovation and market expansion. Leading companies such as Medtronic, Johnson & Johnson, Zimmer Biomet, NuVasive, and Stryker dominate the market with their advanced ADR technologies and extensive distribution networks. These players focus on research and development, aiming to enhance product durability, patient outcomes, and minimize post-surgical complications. Collaborations with healthcare institutions and regulatory bodies to ensure compliance and safety standards also contribute to their competitive advantage. Additionally, strategic partnerships, mergers, and acquisitions play a pivotal role in shaping the market landscape, enabling companies to broaden their product portfolios and geographical reach. As demand for minimally invasive spinal interventions grows, the competitive landscape is expected to evolve further with a continued emphasis on technological advancements and patient-centric solutions.
Artificial Disc Replacement Market Top Player’s Company Profile
- AxioMed LLC (U.S.)
- Simplify Medical, Inc. (U.S.)
- Stryker (U.S.)
- Orthofix (U.S.)
- Globus Medical (U.S.)
- Johnson & Johnson Services, Inc (U.S.)
- B. Braun Melsungen AG (Germany)
- Zimmer Biomet (U.S.)
- Medtronic (Ireland)
- LDR Holding Corporation (U.S.)
- NuVasive, Inc. (U.S.)
- joimax GmbH (Germany)
- VTI - Vertebral Technologies, Inc (U.S.)
- K2M, Inc (U.S.)
- RTI Surgical (U.S.)
- SYNERGY SPINE SOLUTIONS INC. (Canada)
Artificial Disc Replacement Market Recent Developments
- In January 2023, Zimmer Biomet announced the launch of its Mobi-C artificial disc for the cervical spine. The Mobi-C is a mobile-bearing disc that is designed to mimic the natural movement of the spine.
- In February 2023, NuVasive received FDA approval for its FlexiCore artificial disc for the lumbar spine. The FlexiCore is a non-metal disc that is designed to provide a more natural feel and movement than metal discs.
- In March 2023, Medtronic received FDA approval for its ProDisc-L artificial disc for the lumbar spine. The ProDisc-L is a mobile-bearing disc that is designed to provide pain relief and restore spinal function.
- In April 2023, Alphatec Spine announced the launch of its Mobi-S artificial disc for the lumbar spine. The Mobi-S is a mobile-bearing disc that is designed to provide a more natural feel and movement than metal discs.
Global Artificial Disc Replacement Key Market Trends
- Technological Advancements and Product Innovation: The artificial disc replacement market has witnessed continuous technological advancements and product innovations. Manufacturers have been focusing on developing advanced and more durable artificial disc implants that closely mimic the natural spinal movement and provide better patient outcomes. These advancements often include improvements in material design, biomechanics, and surgical techniques, leading to reduced complications and better long-term success rates of artificial disc replacement procedures.
- Growing Acceptance and Adoption: Over time, artificial disc replacement has gained greater acceptance among healthcare professionals and patients as a viable alternative to traditional spinal fusion surgery. This acceptance is driven by a growing body of clinical evidence demonstrating the effectiveness of artificial disc replacement in treating degenerative disc diseases and reducing the need for adjacent segment surgeries. As awareness about the benefits of ADR spreads and as more surgeons become proficient in performing these procedures, the market for artificial disc replacement has been experiencing gradual expansion.
Global Artificial Disc Replacement Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global artificial disc replacement market analysis, the market is experiencing significant growth due to rising instances of degenerative disc diseases, expanding aging populations, and advancements in medical technology. ADR offers an alternative to traditional spinal fusion surgeries, aiming to alleviate pain while preserving spinal flexibility and reducing long-term complications. North America and Europe lead the market, driven by well-established healthcare infrastructure and higher adoption rates of innovative treatments. The Asia-Pacific region is also witnessing rapid growth due to improving healthcare access and awareness. Key market players are focusing on research and development to enhance product efficacy and expand their product portfolios. However, challenges like regulatory hurdles and high costs may hinder market growth. Despite these obstacles, the ADR market is poised for expansion as patients and healthcare providers increasingly seek advanced solutions for spinal disorders.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.38 billion |
| Market size value in 2030 | USD 2.29 billion |
| Growth Rate | 5.8% |
| Base year | 2021 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Artificial Disc Replacement Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Artificial Disc Replacement Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Artificial Disc Replacement Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Artificial Disc Replacement Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Artificial Disc Replacement Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Artificial Disc Replacement Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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