Artificial Discs Market, By Product Type, By Material, By End User, By Geography

Description

The artificial discs market size is valued at US$ 740 million in 2023 and is projected to reach US$ 1,130 million by 2030, growing at a CAGR of 6.2% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 740.0 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	6.20%	2030 Value Projection:	US$ 1,130 Mn

Figure 1. Global Artificial Discs Market Share (%), By Region, 2023

Artificial discs are advanced medical devices designed to replace damaged or degenerated spinal discs in patients suffering from chronic back pain. These disc prostheses mimic the natural function of the intervertebral discs, providing stability to the spine while allowing for controlled movement. They are considered as a viable alternative to traditional spinal fusion surgery, which eliminates the need to fuse adjacent vertebrae together.

The global artificial discs market has been witnessing significant growth in recent years, driven by the increasing prevalence of spine disorders and the growing demand for minimally invasive surgical procedures.

Market Dynamics:

The growth of the artificial discs market is primarily driven by factors such as technological advancements in disc prosthesis, rising geriatric population, and the increasing preference for minimally invasive surgical procedures. Furthermore, the growing awareness about the benefits of artificial discs, such as reduced hospital stays, quicker recovery times, and improved patient outcomes, is also contributing to the market growth. Moreover, collaborations between key market players and several organization are also expected to boost the market growth. For instance, on October 18, 2023, DiscGenics, Inc., a privately-held, late-stage clinical, biopharmaceutical company, announced a basic science Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Veterans Affairs (VA), for the development of tissue-engineered artificial discs, which is more cost effective and has lesser side effects.

However, there are certain factors restraining the market growth including high costs associated with artificial disc surgery, limited reimbursement policies, and the availability of alternative treatment options. Additionally, the lack of skilled healthcare professionals proficient in artificial disc surgery poses a challenge to market expansion.

Key Features of the Study:

This report provides an in-depth analysis of the global artificial discs market including market size (US$ million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue growth opportunities across different segments and represents attractive investment proposition matrices for the market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
The key players operating in the global artificial discs market are profiled based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies
The key companies covered in this study include Medtronic, DePuy Synthes (Johnson & Johnson), Stryker Corporation, NuVasive, Inc., Globus Medical Inc., Orthofix International N.V., Zimmer Biomet Holdings, Inc., Alphatec Holdings, Inc., B. Braun Melsungen AG, and Centinel Spine LLC
Insights from this report would enable marketers and management authorities of companies to make informed decisions regarding future product launches, product enhancements, market expansion, and marketing tactics.
The global artificial discs market report caters to various stakeholders in the industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would benefit from decision-making through various strategy matrices used in analyzing the global artificial discs market

Artificial Discs Market Segmentation:

By Product Type
- Cervical Artificial Discs
- Lumbar Artificial Discs
By Material
- Metal-on-Metal
- Metal-on-Biocompatible Plastic
By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgery Centers
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Top Companies in the Artificial Discs Market:
- Medtronic
- DePuy Synthes (Johnson & Johnson)
- Stryker Corporation
- NuVasive, Inc.
- Globus Medical Inc.
- Orthofix International N.V.
- Zimmer Biomet Holdings, Inc.
- Alphatec Holdings, Inc.
- B.Braun Melsungen AG
- Centinel Spine LLC

Product Code: CMI6439

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Artificial Discs Market, By Product Type
- Artificial Discs Market, By Material
- Artificial Discs Market, By End User
- Artificial Discs Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing prevalence of degenerative disc diseases
Technological advancements in artificial disc designs
Minimally invasive spine surgery procedures
- Restraints
- Opportunities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario

4. Artificial Discs Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Artificial Discs Market, By Product Type, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019 - 2030
- Segment Trends
Cervical Artificial Discs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Lumbar Artificial Discs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)

6. Artificial Discs Market, By Material, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019-2030
- Segment Trends
Metal-on-Metal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Metal-on-Biocompatible Plastic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)

7. Artificial Discs Market, By End User, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019-2030
- Segment Trends
Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Specialty Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Ambulatory Surgery Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)

8. Artificial Discs Market, By Region, 2018-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2019-2030
- Segment Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
U.S.
Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Mn)
GCC
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Material, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2018-2030, (US$ Mn)
North Africa
Central Africa
South Africa

9. Competitive Landscape

Medtronic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
DePuy Synthes (Johnson & Johnson)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Stryker Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
NuVasive, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Globus Medical Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Orthofix International N.V.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Zimmer Biomet Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Alphatec Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Braun Melsungen AG
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Centinel Spine LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

10. Section

Research Methodology
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