Artificial Disc Replacement Market - Global Industry Analysis, Size, Share, Growth, Trends, & Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America & Middle East & Africa)

Description

The global Artificial Disc Replacement Market is set to continue its growth trajectory during forecast period 2024 to 2031. In 2024, the market's size stood at US$ 1 billion, and it is projected to reach a valuation of US$ 1.6 billion by 2031.

Driving Factors for the Artificial Disc Replacement Market

"Rising Adoption of Artificial Discs"

The artificial disc replacement market is poised for growth, primarily due to the increasing adoption of artificial discs, especially among the elderly population suffering from orthopedic problems. Low back pain (LBP), a prevalent condition among the elderly, has led to a growing demand for disc replacement treatments. The adoption of artificial discs in patients with discogenic pain and deteriorated lumbar spines is expected to fuel market expansion.

"Increasing Demand for Outpatient Surgeries"

The shift from inpatient to outpatient spine-related surgeries is a significant economic driver for the artificial disc replacement market. The rising number of outpatient procedures is expected to create substantial growth opportunities in the near future.

"Technological Advancements"

Technological advancements in the field of artificial disc replacement are enhancing the value of this market. These advancements are leading to more precise surgeries and quicker recovery times. Many countries worldwide are prioritizing the improvement of healthcare infrastructure and the availability of modern therapies, contributing to the market's growth.

Challenges Faced by the Artificial Disc Replacement Market

"High Costs and Surgical Risks"

The high cost of artificial disc replacement products, stringent regulatory standards, and inconsistent reimbursement policies for disc replacements are challenges inhibiting market growth. Surgical risks associated with these procedures also present a significant hurdle for market players.

Impact of COVID-19 on the Artificial Disc Replacement Market

"Significant Decrease in Demand"

The global Artificial Disc Replacement Market experienced a decline in demand between March 2020 and September 2021 due to the COVID-19 pandemic. The healthcare sector's operations were hampered by the pandemic, with non-essential treatments and procedures postponed or halted to prioritize COVID-19 patients and adhere to government restrictions. Global lockdowns disrupted supply chains, affecting the transportation of goods and impeding market growth. However, the market began to recover after September 2021.

Competitive Landscape

The Artificial Disc Replacement industry is moderately competitive, featuring several prominent players. Key market participants are focusing on mergers and acquisitions to expand their product portfolios and increase market share, capitalizing on the industry's growth phase. Strategic decisions encompass both organic and inorganic expansion efforts.

Key Companies Profiled

Zimmer Biomet Holdings, Inc.
Medtronic Plc.
B.Braun Melsungen AG
Johnson and Johnson (DePuy Synthes)
Medicrea International
Orthofix Holdings, Inc.
NuVasive, Inc.
Globus Medical Inc.
Stryker Corporation (K2M Group Holdings, Inc.)
Alphatec Spine, Inc.

Artificial Disc Replacement Market Segmentation

Artificial Disc Replacement Market by Indication

Cervical
Lumbar

Atherectomy Devices Market by Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

1. Executive Summary

1.1. Global Artificial Disc Replacement Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023

3.1. Global Artificial Disc Replacement Production Output, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2023
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023

4.1. Global Average Price Analysis, by Product, US$ Per Unit, 2018 - 2023
4.2. Prominent Factor Affecting Artificial Disc Replacement Prices
4.3. Global Average Price Analysis, by Region, US$ Per Unit

5. Global Artificial Disc Replacement Market Outlook, 2018 - 2031

5.1. Global Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. Cervical
  - 5.1.1.2. Lumbar
5.2. Global Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Hospitals
  - 5.2.1.2. Orthopaedic Clinics
  - 5.2.1.3. Ambulatory Surgical Centers
5.3. Global Artificial Disc Replacement Market Outlook, by Region, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. North America
  - 5.3.1.2. Europe
  - 5.3.1.3. Asia Pacific
  - 5.3.1.4. Latin America
  - 5.3.1.5. Middle East & Africa

6. North America Artificial Disc Replacement Market Outlook, 2018 - 2031

6.1. North America Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. Cervical
  - 6.1.1.2. Lumbar
6.2. North America Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Hospitals
  - 6.2.1.2. Orthopaedic Clinics
  - 6.2.1.3. Ambulatory Surgical Centers
- 6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Artificial Disc Replacement Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. U.S. Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.2. U.S. Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.3. Canada Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 6.3.1.4. Canada Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Artificial Disc Replacement Market Outlook, 2018 - 2031

7.1. Europe Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. Cervical
  - 7.1.1.2. Lumbar
7.2. Europe Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.2.1. Key Highlights
  - 7.2.1.1. Hospitals
  - 7.2.1.2. Orthopaedic Clinics
  - 7.2.1.3. Ambulatory Surgical Centers
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Artificial Disc Replacement Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Germany Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.2. Germany Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.3. U.K. Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.4. U.K. Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.5. France Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.6. France Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.7. Italy Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.8. Italy Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.9. Turkey Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.10. Turkey Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.11. Russia Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.12. Russia Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.13. Rest of Europe Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 7.3.1.14. Rest of Europe Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Artificial Disc Replacement Market Outlook, 2018 - 2031

8.1. Asia Pacific Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. Cervical
  - 8.1.1.2. Lumbar
8.2. Asia Pacific Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Hospitals
  - 8.2.1.2. Orthopaedic Clinics
  - 8.2.1.3. Ambulatory Surgical Centers
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Artificial Disc Replacement Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. China Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.2. China Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.3. Japan Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.4. Japan Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.5. South Korea Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.6. South Korea Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.7. India Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.8. India Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.9. Southeast Asia Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.10. Southeast Asia Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.11. Rest of Asia Pacific Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 8.3.1.12. Rest of Asia Pacific Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Artificial Disc Replacement Market Outlook, 2018 - 2031

9.1. Latin America Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.1.1. Key Highlights
  - 9.1.1.1. Cervical
  - 9.1.1.2. Lumbar
9.2. Latin America Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.2.1. Key Highlights
  - 9.2.1.1. Hospitals
  - 9.2.1.2. Orthopaedic Clinics
  - 9.2.1.3. Ambulatory Surgical Centers
- 9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Artificial Disc Replacement Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.2. Brazil Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.3. Mexico Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.4. Mexico Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.5. Argentina Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.6. Argentina Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.7. Rest of Latin America Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 9.3.1.8. Rest of Latin America Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Artificial Disc Replacement Market Outlook, 2018 - 2031

10.1. Middle East & Africa Artificial Disc Replacement Market Outlook, by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.1.1. Key Highlights
  - 10.1.1.1. Cervical
  - 10.1.1.2. Lumbar
10.2. Middle East & Africa Artificial Disc Replacement Market Outlook, by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.2.1. Key Highlights
  - 10.2.1.1. Hospitals
  - 10.2.1.2. Orthopaedic Clinics
  - 10.2.1.3. Ambulatory Surgical Centers
- 10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Artificial Disc Replacement Market Outlook, by Country, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.2. GCC Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.3. South Africa Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.4. South Africa Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.5. Egypt Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.6. Egypt Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.7. Nigeria Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.8. Nigeria Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.9. Rest of Middle East & Africa Artificial Disc Replacement Market by Product, Value (US$ Bn) and Volume (Units), 2018 - 2031
  - 10.3.1.10. Rest of Middle East & Africa Artificial Disc Replacement Market by End User, Value (US$ Bn) and Volume (Units), 2018 - 2031
- 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1. By Product vs By End User Heatmap
11.2. Company Market Share Analysis, 2023
11.3. Competitive Dashboard
11.4. Company Profiles
- 11.4.1. Zimmer Biomet Holdings. Inc.
  - 11.4.1.1. Company Overview
  - 11.4.1.2. Product Portfolio
  - 11.4.1.3. Financial Overview
  - 11.4.1.4. Business Strategies and Development
- 11.4.2. Medtronic Plc.
  - 11.4.2.1. Company Overview
  - 11.4.2.2. Product Portfolio
  - 11.4.2.3. Financial Overview
  - 11.4.2.4. Business Strategies and Development
- 11.4.3. B.Braun Melsungen AG
  - 11.4.3.1. Company Overview
  - 11.4.3.2. Product Portfolio
  - 11.4.3.3. Financial Overview
  - 11.4.3.4. Business Strategies and Development
- 11.4.4. Johnson and Johnson (DePuy Synthes)
  - 11.4.4.1. Company Overview
  - 11.4.4.2. Product Portfolio
  - 11.4.4.3. Financial Overview
  - 11.4.4.4. Business Strategies and Development
- 11.4.5. Medicrea International
  - 11.4.5.1. Company Overview
  - 11.4.5.2. Product Portfolio
  - 11.4.5.3. Financial Overview
  - 11.4.5.4. Business Strategies and Development
- 11.4.6. Orthofix Holdings, Inc.
  - 11.4.6.1. Company Overview
  - 11.4.6.2. Product Portfolio
  - 11.4.6.3. Financial Overview
  - 11.4.6.4. Business Strategies and Development
- 11.4.7. NuVasive, Inc.
  - 11.4.7.1. Company Overview
  - 11.4.7.2. Product Portfolio
  - 11.4.7.3. Financial Overview
  - 11.4.7.4. Business Strategies and Development
- 11.4.8. Globus Medical Inc.
  - 11.4.8.1. Company Overview
  - 11.4.8.2. Product Portfolio
  - 11.4.8.3. Financial Overview
  - 11.4.8.4. Business Strategies and Development
- 11.4.9. Stryker Corporation (K2M Group Holdings, Inc.)
  - 11.4.9.1. Company Overview
  - 11.4.9.2. Product Portfolio
  - 11.4.9.3. Financial Overview
  - 11.4.9.4. Business Strategies and Development
- 11.4.10. Alphatec Spine, Inc.
  - 11.4.10.1. Company Overview
  - 11.4.10.2. Product Portfolio
  - 11.4.10.3. Financial Overview
  - 11.4.10.4. Business Strategies and Development

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations