Summary

Artificial Disc Replacement Market Growth & Trends

The global artificial disc replacement market size is anticipated to reach USD 1.09 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 11.7% from 2021 to 2028. The key factors driving the market growth include the rising number of spinal surgeries across the globe, the growing aging population, high demand for surgical alternatives with less tissue disruption, and technological advancements. The COVID-19 pandemic resulted in several challenges, such as logistical bottlenecks, low demand, and decreased sales & marketing activities.

This resulted from supply chain challenges, deferred or canceled elective procedures, and movement restrictions due to lockdowns. Zimmer Biomet, for instance, reported a negative impact of COVID-19 on its annual revenue for 2020. It reported a 12% decrease in its total revenues from 2019 to 2020. The company was also impacted by the postponed elective and semi-elective procedures that use Medtronic’s products. The reluctance of people for undergoing non-COVID-19 emergency procedures affected the company’s revenue.

The broader acceptance of surgical treatments along with less tissue disruption as well as patient trauma is expected to boost the growth of the market. Furthermore, market players are anticipating broader consolidation of vendors in the spine segment, which is also expected to provide opportunities in the market. This is further complemented by the rising number of technological advancements.

The market growth is also supported by the increasing number of clinical trials related to artificial discs by market players. For instance, Medtronic is sponsoring a clinical trial related to the Prestige LP Cervical Disc for treatment of the cervical degenerative disc disease, radiculopathy, and myelopathy. The study is expected to be completed by August 2022. Such activities provide various growth opportunities to the market.

Market players are investing in many strategic initiatives, such as acquisitions, mergers, partnerships, and product launches, among others to maintain a competitive edge in the market. For instance, in February 2021, NuVasive, Inc. acquired Simplify Medical, developer of the Simplify Cervical Artificial Disc for cervical total disc replacement.

Artificial Disc Replacement Market Report Highlights

• The market was valued at USD 471.0 million in 2020 and is expected to grow at a CAGR of 11.7% during the forecast period

• The rising prevalence of degenerative disc disease due to chronic back pain is increasing the number of spinal surgeries performed around the globe. This is one of the key factors driving the market growth

• The metal + plastic material type segment led the market in 2020 owing to the wide usage of plastics for manufacturing artificial discs, while the metal segment held a significant share owing to rising research activities in the segment

• The cervical disc replacement segment held the largest share of the market in 2020 owing to the high product availability

• North America led the global market in 2020 accounting for a revenue share of more than 48.5% owing to the presence of major players in the region

• Asia Pacific is expected to be the fastest-growing regional market from 2021 to 2028 owing to the rising awareness regarding spinal surgeries in the region

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Table of Contents

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation and Scope
1.1.1 Segment scope
1.1.2 Regional scope
1.1.3 Estimates and forecast timeline
1.2 Research Methodology
1.3 Information procurement
1.3.1 Purchased database
1.3.2 GVR’s internal database
1.3.3 Secondary sources
1.3.4 Primary research
1.3.5 Details of primary research
1.4 Information or Data Analysis
1.4.1 Data analysis models
1.5 Market Formulation & Validation
1.6 Model Details
1.7 List of Secondary Sources
1.8 Objectives
Chapter 2 Executive Summary
2.1 Artificial Disc Replacement Market Summary
Chapter 3 Artificial Disc Replacement Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Penetration & Growth Prospect Mapping, 2020
3.3 Artificial Disc Replacement Market Dynamics
3.3.1 Market driver analysis
3.3.1.1. Increasing number of spinal surgeries
3.3.1.2. Rising technological advancements
3.3.1.3 Increasing demand for surgical alternatives with less tissue disruption
3.3.1.4. Growing geriatric population
3.3.2 Market restraint analysis
3.3.2.1. Stringent regulations and unfavorable reimbursement scenario
3.3.3. Market opportunity analysis
3.3.4. Market challenge analysis
3.4 Artificial Disc Replacement Market Analysis Tools: Porters
3.4.1 Supplier Power
3.4.2. Buyer Power
3.4.3. Substitution Threat
3.4.4. Threat of New Entrants
3.4.5. Competitive Rivalry
3.5 Artificial Disc Replacement Industry Analysis - PEST (Political & Legal, Economic, Social, and Technological)
3.5.1 Political/Legal Landscape
3.5.2 Economic Landscape
3.5.3 Social Landscape
3.5.4 Technology Landscape
3.6. Technology Trend Analysis
3.7. Consumer Preference Matric
3.8. Regulatory Landscape
Chapter 4 COVID-19 Impact Analysis
4.1 COVID-19 Prevalence Analysis
4.2. Current and Future Impact Analysis
4.3. Impact of COVID-19 on Market Players
Chapter 5 Artificial Disc Replacement Market: Segment Analysis, By Material Type, 2016 - 2028 (USD Million)
5.1 Material Type Market Share Analysis, 2020 & 2028
5.2 Artificial Disc Replacement market, by Material Type, 2016 to 2028
5.3 Metal
5.3.1 Metal market, 2016-2028 (USD Million)
5.4 Metal + Plastic
5.4.1 Metal + Plastic market, 2016-2028 (USD Million)
Chapter 6 Artificial Disc Replacement Market: Segment Analysis, By Indication, 2016 - 2028 (USD Million)
6.1 Indication Market Share Analysis, 2020 & 2028
6.2 Artificial disc replacement market, by Indication, 2016 to 2028
6.3 Cervical Disc Replacement
6.3.1 Cervical Disc Replacement market, 2016-2028 (USD Million)
6.4 Lumbar Disc Replacement
6.4.1 Lumbar Disc Replacement market, 2016-2028 (USD Million)
Chapter 7 Artificial Disc Replacement Market: Regional Market Analysis 2016 - 2028 (USD Million)
7.1 Definition & Scope
7.2 Regional Movement Analysis, 2020 & 2028
7.3 Regional Market Snapshot
7.4 North America
7.4.1 North America Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.4.2. The U.S.
7.4.2.1 The U.S. Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.4.3 Canada
7.4.3.1 Canada Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5 Europe
7.5.1 Europe Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5.2 The U.K.
7.5.2.1 The U.K. Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5.3 Germany
7.5.3.1 Germany Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5.4 France
7.5.4.1 France Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5.5 Italy
7.5.5.1 Italy Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.5.6 Spain
7.5.6.1 Spain Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.6 Asia Pacific
7.6.1 Asia Pacific Artificial disc replacement market, 2016 - 2028 (USD Million)
7.6.2 Japan
7.6.2.1 Japan Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.6.3 China
7.6.3.1 China Artificial disc replacement Market, 2016 - 2028 (USD million)
7.6.4 India
7.6.4.1 India Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.6.5 Australia
7.6.5.1 Australia Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.6.6 South Korea
7.6.6.1 South Korea Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.7 Latin America
7.7.1 Latin America Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.7.2 Brazil
7.7.2.1 Brazil Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.7.3 Mexico
7.7.3.1 Mexico Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.7.4 Argentina
7.7.4.1 Argentina Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.8 MEA
7.8.1 MEA Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.8.2 South Africa
7.8.2.1 South Africa Artificial disc replacement Market, 2016 - 2028 (USD Million)
7.8.3 Saudi Arabia
7.8.3.1 Saudi Arabia Artificial disc replacement Market, 2016 - 2028 (USD Million)
Chapter 8 Artificial Disc Replacement Market - Competitive Analysis
8.1 Market Participant Categorization
8.2. Competitive Dashboard Analysis
8.3. Public Companies
8.3.1. Company Market Position/Share/Ranking Analysis
8.3.2. Heat Map Analysis
8.4. Private Companies
8.4.1. Heat Map Analysis
8.5. Detailed List of Market Players
Chapter 9 Artificial Disc Replacement Market - Company Profiles
9.1 Medtronic
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 Orthofix Medical Inc.
9.2.1 Company overview
9.2.2 Financial performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 Globus Medical
9.3.1 Company overview
9.3.2 Financial performance
9.3.3 Product benchmarking
9.3.4 Strategic initiatives
9.4 Aesculap, Inc.
9.4.1 Company overview
9.4.2 Financial performance
9.4.3 Product benchmarking
9.4.4 Strategic initiatives
9.5 NuVasive, Inc.
9.5.1 Company overview
9.5.2 Financial performance
9.5.3 Product benchmarking
9.5.4 Strategic initiatives
9.6 AxioMed LLC
9.6.1 Company overview
9.6.2 Financial performance
9.6.3 Product benchmarking
9.6.4 Strategic initiatives
9.7 Zimmer Biomet
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.7.4 Strategic initiatives
9.8 SpineArt SA
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.8.4 Strategic initiatives
9.9 Synergy Spine Solutions Inc.
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Strategic initiatives
9.10 Centinel Spine
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Strategic initiatives



List of Tables

Table 1 Primary interview details: North America
Table 2 Primary interview details: Europe
Table 3 Primary interview details: Asia Pacific
Table 4 Primary interview details: Latin America
Table 5 Primary interview details: Middle East and Africa
Table 6 List of secondary sources
Table 7 List of key companies
Table 8 North America Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 9 North America Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 10 The U.S. Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 11 The U.S. Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 12 Canada Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 13 Canada Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 14 Europe Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 15 Europe Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 16 The U.K. Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 17 The U.K. Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 18 Germany Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 19 Germany Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 20 France Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 21 France Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 22 Italy Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 23 Italy Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 24 Spain Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 25 Spain Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 26 Asia Pacific Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 27 Asia Pacific Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 28 Japan Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 29 Japan Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 30 South Korea Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 31 South Korea Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 32 China Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 33 China Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 34 India Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 35 India Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 36 Australia Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 37 Australia Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 38 Latin America Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 39 Latin America Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 40 Brazil Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 41 Brazil Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 42 Mexico Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 43 Mexico Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 44 Argentina Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 45 Argentina Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 46 MEA Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 47 MEA Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 48 South Africa Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 49 South Africa Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)
Table 50 KSA Artificial Disc Replacement market, by material type, 2016 - 2028 (USD Million)
Table 51 KSA Artificial Disc Replacement market, by indication, 2016 - 2028 (USD Million)


List of Figures

Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Commodity workflow analysis
Fig. 9 Artificial disc replacement market snapshot, 2020 (USD Million)
Fig. 10 Artificial disc replacement market segmentation and scope
Fig. 11 Parent market outlook
Fig. 12 Ancillary market outlook
Fig. 13 Penetration & growth prospect mapping, 2020
Fig. 14 Artificial disc replacement market dynamics analysis
Fig. 15 Artificial disc replacement market driver analysis
Fig. 16 Artificial disc replacement market restraint analysis
Fig. 17 COVID-19 disease prevalence
Fig. 18 Artificial disc replacement market: Material type movement analysis, 2020 & 2028
Fig. 19 Artificial disc replacement market Material type outlook: Key takeaways
Fig. 20 Metal market, 2016 - 2028 (USD Million)
Fig. 21 Metal + Plastic market, 2016 - 2028 (USD Million)
Fig. 22 Artificial disc replacement market: Indication movement analysis 2020 & 2028
Fig. 23 Artificial disc replacement market Indication outlook: Key takeaways
Fig. 24 Cervical disc replacement market, 2016 - 2028 (USD Million)
Fig. 25 Lumbar disc replacement market, 2016 - 2028 (USD Million)
Fig. 26 Artificial disc replacement market: Regional movement analysis 2020 & 2028
Fig. 27 Artificial disc replacement market regional outlook: Key takeaways
Fig. 28 North America Artificial disc replacement market share, by country, 2020
Fig. 29 North America Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 30 The U.S. Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 31 Canada Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 32 Europe Artificial disc replacement market share, by country, 2020
Fig. 33 Europe Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 34 Germany Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 35 France Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 36 The U.K. Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 37 Italy Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 38 Spain Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 39 Asia Pacific Artificial disc replacement market share, by country, 2020
Fig. 40 Asia Pacific Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 41 Japan Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 42 China Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 43 India Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 44 Australia Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 45 South Korea Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 46 Latin America Artificial disc replacement market share, by country, 2020
Fig. 47 Latin America Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 48 Brazil Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 49 Mexico Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 50 Argentina Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 51 MEA Artificial disc replacement market share, by country, 2020
Fig. 52 MEA Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 53 South Africa Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 54 Saudi Arabia Artificial disc replacement market, 2016 - 2028 (USD Million)
Fig. 55 Market participant categorization
Fig. 56 Company market position analysis: Heat map analysis