Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Artificial Disc Market: By Product Type, By Material Type, By End User, and Geography
Artificial Disc Market size was valued at US$ 1.1 billion in 2022 and is expected to grow at a CAGR of 18.9% from 2023-2029. The disc is a soft cushioning-like structure located in between the bones of the spine, known as the “vertebra.” The disc is made up of cartilage-like tissue and contains an inner portion, a nucleus, and an outer portion called an annulus. In the majority of cases, the disc is flexible enough to allow the spine to bend. Artificial discs are synthetic replacements for damaged intervertebral discs present in the lumbar and cervical regions of the spine. In artificial disc surgery, worn or damaged disk material between the small bones in the spine (vertebrae) is removed and replaced with a synthetic or "artificial" disc. Artificial disc surgery is performed on the lower back or lumbar spine and the neck or cervical spine. The artificial discs are designed with the goal of resembling the form and function of the spine’s natural disc. The artificial disc market is in the developing stage. Launch of new products, technological development, collaborations, acquisitions, and mergers are the key strategies followed by various medical device companies to increase revenue share in the global artificial disc market.
Artificial Disc Market Key Developments:
Study Period
2024-2030Base Year
2023CAGR
18.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Technological developments and an increase in the prevalence of degenerative spine disorders are driving the worldwide artificial disc market. Growing healthcare spending, rising disposable income, and favourable reimbursement policies are all contributing to the market's rapid expansion. The artificial disc market is also characterised by technological advancements, the expansion of multiple surgeries, and the availability of numerous goods, all of which contribute to the expansion of industries. Furthermore, the growing awareness of the benefits of disc replacement over spinal fusion surgeries, as well as the rapid growth in desire for minimal surgical treatments, are boosting the worldwide artificial disc market. Furthermore, the artificial disc industry is driven by technological advancements and an increase in the prevalence of degenerative spine conditions. The market's rapid rise is aided by rising healthcare spending, disposable income, and attractive reimbursement regulations. Furthermore, sports and trauma-related accidents are becoming more common, and the growing senior population is driving demand for artificial discs. The artificial disc market is hampered by the high cost of the device, tight regulatory regulations, technical obstacles experienced by surgeons during replacement surgeries, and a lack of uniform payment policies for disc replacements. The risks connected with surgery are a significant challenge for market participants.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2022 |
US$ 1.1 billion |
Market CAGR |
18.9% |
By product type |
|
By material type |
|
By End User |
|
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The artificial disc market size was valued at US$ 1.1 billion in 2022
The artificial disc market key players are: Medtronic Globus Medical Inc Johnson and Johnson Services Inc., NuVasive Inc. Zimmer-Biomet Stryker Corporation Aesculap Implant System Alphatec Spine Smith & Nephew Orthovita Synthes Holding LDS Spine Spinal Kinetics
The artificial disc market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2.Global Artificial Disc Market Introduction |
2.1.Global Artificial Disc Market - Taxonomy |
2.2.Global Artificial Disc Market - Definitions |
2.2.1.Product Type |
2.2.2.material type |
2.2.3.End Users |
2.2.4.Region |
3.Global Artificial Disc Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Artificial Disc Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Artificial Disc Market By Product Type , 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
5.1. Cervical disc |
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Lumbar disc |
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Artificial Disc Market By material type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
6.1. Metal on metal |
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Metal on the biopolymer |
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Artificial Disc Market By End Users, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Orthopaedic Clinics |
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Ambulatory surgical centers |
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
8. Global Artificial Disc Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Artificial Disc Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Cervical disc |
9.1.2.Lumbar disc |
9.2. material type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Metal on metal |
9.2.2.Metal on the biopolymer |
9.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Orthopaedic Clinics |
9.3.3.Ambulatory surgical centers |
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Artificial Disc Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Cervical disc |
10.1.2.Lumbar disc |
10.2. material type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Metal on metal |
10.2.2.Metal on the biopolymer |
10.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Orthopaedic Clinics |
10.3.3.Ambulatory surgical centers |
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Artificial Disc Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Cervical disc |
11.1.2.Lumbar disc |
11.2. material type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Metal on metal |
11.2.2.Metal on the biopolymer |
11.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Orthopaedic Clinics |
11.3.3.Ambulatory surgical centers |
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Artificial Disc Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Cervical disc |
12.1.2.Lumbar disc |
12.2. material type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Metal on metal |
12.2.2.Metal on the biopolymer |
12.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Orthopaedic Clinics |
12.3.3.Ambulatory surgical centers |
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Artificial Disc Market,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Cervical disc |
13.1.2.Lumbar disc |
13.2. material type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Metal on metal |
13.2.2.Metal on the biopolymer |
13.3. End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Orthopaedic Clinics |
13.3.3.Ambulatory surgical centers |
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.Medtronic |
14.2.2.Globus Medical Inc |
14.2.3.Johnson and Johnson Services Inc., |
14.2.4.NuVasive Inc. |
14.2.5.Zimmer-Biomet |
14.2.6.Stryker Corporation |
14.2.7.Aesculap Implant System |
14.2.8.Alphatec Spine |
14.2.9.Smith & Nephew |
14.2.10.Orthovita |
14.2.11.Synthes Holding |
14.2.12.LDS Spine |
14.2.13.Spinal Kinetics |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players