Lumbar Disc Replacement - Market Insights, Competitive Landscape and Market Forecast-2030

Lumbar Disc Replacement Devices Market By Product (Metal-On-Metal, Metal-On-Polymer), End-User (Hospitals, Outpatient Surgical Centers, And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to the growing prevalence of osteoporosis and arthritis, and the rising geriatric population

The global lumbar disc replacement devices market is estimated to grow at a CAGR of 9.13% during the forecast period from 2024 to 2030. The demand for lumbar disc replacement devices is primarily being boosted by the growing prevalence of bone-related disorders including osteoporosis and arthritis. Additionally, the growing geriatric population is also one of the key factor responsible for contributing to the positive growth of the lumbar disc replacement devices market during the forecast period from 2024-2030.

Lumbar Disc Replacement Devices Market Dynamics:

According to the data provided by the World Health Organization (WHO) in 2023, it was estimated that around 528 million people were living with osteoarthritis in the year 2019, globally. Additionally, as per the same source 344 million people were living with severe osteoarthritis in 2019 and could be benefited from rehabilitation.

Further, according to statistics provided by the World Health Organization (WHO) in the year 2023, around 18 million individuals worldwide suffered from rheumatoid arthritis in 2019. According to the same source, around 70% of persons suffering from rheumatoid arthritis in 2019 were women, with 55% being over the age of 55.

Thus, the rising prevalence of bone-related disorders such as arthritis, osteoporosis, and rheumatoid arthritis will create a need for the treatment and management of bone-related disorders, thus resulting in the positive growth of the lumbar disc replacement devices market.

As per data provided by the World Health Organization 2021, people falling between 60 years and above will be doubled from 12-22%, and will eventually reach 2.1 billion by the year 2050, globally. Moreover, by 2030, 1 in 6 people will age 60 years or above. As age increases, older adults have a natural decline in muscle mass, strength, and function, thus leading to musculoskeletal disorders such as osteoarthritis, and osteoporosis. Therefore, with the increase in the geriatric population, the demand for lumbar disc replacement devices will also increase, thus resulting in the overall growth of the lumbar disc replacement devices market.

However, the various complications associated with lumbar disc replacement devices, and their high cost are expected to limit their end-user base, thus limiting the growth of the lumbar disc replacement devices market.

Lumbar Disc Replacement Devices Market Segment Analysis:

Lumbar Disc Replacement Devices Market by Product (Metal-on-Metal, Metal-on-Polymer), End-User (Hospitals, Outpatient Surgical Centers, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the product segment of the lumbar disc replacement devices market, the metal-on-metal category is estimated to amass a significant revenue share in the lumbar disc replacement devices market in 2023. This can be attributed to the various advantages and applications provided by metal-on-metal lumbar disc replacement devices.

Metal-on-metal lumbar disc replacement devices are composed of surgical metals such as surgical stainless steel or titanium. The metal surfaces of the implants securely glide across the plastic bearings, replicating normal spinal motion. In addition, metal-on-metal lumbar discs have the potential to produce wear of magnitude and mechanism in vivo.

Moreover, the rising research and development activities in metal-on-metal devices are also expected to drive the overall market for lumbar disc replacement devices. For example, the FlexiCore Intervertebral Disc by Stryker is a metal-on-metal artificial lumbar disc replacement device for the treatment of Degenerative Disc Disease, under an investigational device exemption protocol approved by the United States Food and Drug Administration. Such metal-on-metal lumbar artificial disc replacement devices for the spine are designed to preserve motion at the intervertebral segment and subsequently reduce adjacent segment degeneration.

Therefore, owing to the various advantages and applications provided by the metal-on-metal lumbar artificial disc replacement devices, this category is expected to drive the overall growth of the lumbar disc replacement devices market during the forecast period.

North America Is Expected To Dominate The Overall Lumbar Disc Replacement Devices Market:

North America is expected to account for the highest proportion of the lumbar disc replacement devices Market in 2023, out of all regions. This is due to the presence of a large patient pool suffering from arthritis and osteoporosis. Additionally, the increasing incidence of sports-related injuries, the growing geriatric population, and the presence of developed and sophisticated healthcare infrastructure in the region are some of the key factors driving the growth of the lumbar disc replacement devices market in North America.

According to the data provided by the Centers for Disease Control and Prevention (CDC) in 2023, it was estimated that around 53.2 million people (21.2%), had been diagnosed with some kind of bone disorder such as spinal arthritis and rheumatoid arthritis in the United States, between 2019-2021. Thus, the rising prevalence of bone-related disorders such as arthritis, osteoporosis, and rheumatoid arthritis, will create a need for the management and treatment of these disorders, thus eventually contributing to the positive growth of the lumbar disc replacement devices market in the United States.

As per a study published in the American Academy of Orthopedic Surgeons in the year 2023 "Epidemiology of sports injuries among high school athletes in the United States" it was estimated that 15,531 injuries occurred during 6,778,209 athletic Exposures (AE), which accounted for an overall rate of 2.29 injuries per 1,000 athletic exposures, during the period 2015-2019, in the United States. Thus, the rising incidence of sports-related injuries is one of the key factors driving the growth of the lumbar disc market in the United States, which will eventually drive the overall market in North America during the forecast period.

Lumbar Disc Replacement Devices Market Key Players:

Some of the key market players operating in the Lumbar Disc Replacement Devices market include Stryker, Zimmer Biomet, Johnson and Johnson Services, Inc., Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine(R), SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.

Recent Developmental Activities In The Lumbar Disc Replacement Devices Market:

• In June 2023, Orthofix US LLC, announced the launch of WaveForm, an interbody for Anterior Lumbar Interbody Fusion (ALIF) procedures. It smoothly integrates with its Meridien ALIF System, for the treatment of patients in need of fusion due to degenerative disc disease.
• In January 2023, Centinel Spine LLC, announced the utilization of a new Current Procedural Terminology (CPT) code while performing two-level lumbar total disc replacement (TDR) for individuals experiencing degeneration of the intervertebral discs. It is the only total disc replacement system in the U.S., approved for two-level use in the lumbar spine.

Key Takeaways From The Lumbar Disc Replacement Devices Market Report Study

• Market size analysis for current Lumbar Disc Replacement Devices Market size (2023), and market forecast for 6 years (2024-2030)
• Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened for the last 3 years
• Key companies dominating the global Lumbar Disc Replacement Devices market.
• Various opportunities available for the other competitors in the Lumbar Disc Replacement Devices Market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current Lumbar Disc Replacement Devices market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Lumbar Disc Replacement Devices market growth in the coming future?

Target Audience Who Can Be Benefited From This Lumbar Disc Replacement Devices Market Report Study

• Lumbar Disc Replacement Devices product providers
• Research organizations and consulting companies
• Lumbar Disc Replacement Devices-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in Lumbar Disc Replacement Devices
• Various end-users who want to know more about the Lumbar Disc Replacement Devices Market and the latest technological developments in the Lumbar Disc Replacement Devices Market.

Frequently Asked Questions For The Lumbar Disc Replacement Devices Market:

1. What are Lumbar Disc Replacement Devices?

Lumbar disk replacement involves replacing a worn or degenerated disk in the lower part of your spine with an artificial disk made of metal or a combination of metal and plastic. Lumbar disk replacement is generally seen as an alternative to the more common spinal fusion surgery.

2. What is the market for Lumbar Disc Replacement Devices?

The lumbar disc replacement devices market is estimated to grow at a CAGR of 9.13% during the forecast period from 2024 to 2030.

3. What are the drivers for the global Lumbar Disc Replacement Devices market?

The Lumbar Disc Replacement Devices Market is slated to witness prosperity owing to factors such as the growing prevalence of bone-related disorders including osteoporosis and arthritis. Additionally, the growing geriatric population is one of the other key factor responsible for contributing to the positive growth of the lumbar disc replacement devices market during the forecast period from 2024-2030.

4. Who are the key players operating in the global Lumbar Disc Replacement Devices market?

Some of the key market players operating in the Lumbar Disc Replacement Devices include Stryker, Zimmer Biomet, Johnson and Johnson Services, Inc., Medtronic, Globus Medical, B. Braun Melsungen AG, Orthofix Medical Inc., NuVasive Inc., Centinel Spine(R), SYNERGY SPINE SOLUTIONS INC., AxioMed LLC, Spineart, NEURO FRANCE Implants, Norm Medical Devices Co. Ltd., Ackermann Medical GmbH & Co. KG, Aditus Medical, Evospine GmbH, Prodorth Spine, SIGNUS Medizintechnik GmbH, Spine Innovations SAS, and others.

5. Which region has the highest share in the global Lumbar Disc Replacement Devices market?

North America is expected to dominate the overall lumbar disc replacement devices market during the forecast period from 2024 to 2030. This is due to the presence of a large patient pool suffering from arthritis and osteoporosis in North America. Additionally, the increasing incidence of sports-related injuries, the growing geriatric population, and the presence of developed and sophisticated healthcare infrastructure in the region are some of the key factors driving the growth of the lumbar disc replacement devices market in North America.