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Artificial Spine Discs Market Size, Share and Global Trend By Product Type (Cervical artificial disc, Lumbar artificial disc), By Material (Metal-On-Metal, Metal-On-Biopolymer), By End Users (Hospitals, Specialty clinics, Ambulatory surgical centers, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101161 | Status : Ongoing

 

KEY MARKET INSIGHTS

Degenerative disc diseases are believed to be one of the most common reasons behind back pain in many adults. According to the American Chiropractic Association, nearly 31 million people in the U.S. are likely to experience lower back pain at any given time in their life. The degenerative disc diseases can be treated by total disc replacement surgery. Artificial spine discs are now being used extensively for this purpose.

The artificial discs are based on motion-sparing technology which aids in providing extended motion as well as lateral bending. When compared to spinal fusion surgery, artificial spine disc provides a fair level of mobility restoration and hence is recommended by the healthcare professionals. In 2017, RHINE, a cervical disc system manufactured by K2M Inc., completed 300 surgical cases, which indicates the increased adoption of artificial spine discs.

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One of the key market drivers for the artificial spine discs market is considered to be the increasing number of artificial spine discs replacement surgeries undertaken. This is primarily due to the increasing prevalence of the degenerative discs diseases in individuals and the increasing technological advancements resulting in surgical accuracy and the insertion of superior artificial spine discs leading to greater ease and mobility for the patient.

Additionally, the increasing mergers and acquisitions in the companies involved in the artificial spine discs market are also projected to contribute to the considerable growth of the market. The factor that is expected to inhibit the growth of the market is the limited usage of artificial spine discs indications.

Key Players Covered


Some of the major companies that are present in the global artificial spine discs market are Medtronic, Zimmer Biomet, Johnson & Johnson Services Inc. (DePuy Synthes), B. Braun Melsungen AG, Simplify Medical, Inc., AxioMed LLC., K2M Inc., Orthofix Holdings, Inc., Globus Medical Inc., and other players.

SEGMENTATION


























SEGMENTATION

DETAILS

By Product Type


· Cervical artificial disc

· Lumbar artificial disc


By Material


· Metal-On-Metal 

· Metal-On-Biopolymer


By End Users


· Hospitals

· Specialty clinics

· Ambulatory surgical centers

· Others


By Geography


· North America (USA and Canada)

· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

· Latin America (Brazil, Mexico and Rest of Latin America)

· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)


 

At present, metal-on-biopolymer is expected to account for the largest share and fastest growing product for the artificial spine discs market due to a number of associated advantages such as the ease of insertion and the better compatibility with the body.

Key Insights



  • Prevalence of degenerative disc diseases

  • Key mergers and acquisitions

  • Technological advancements in artificial spine discs

  • Number of disc replacements for key countries


Regional Analysis


The global artificial spine discs market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are projected to be the two largest markets for artificial spine discs as of 2018 and they are expected to account for a large proportion of the market in the forecast period as well. This region accounts for the largest share of the market due to the high demand for technologically advanced artificial spine discs, developed healthcare system and the presence of key market players. In the Asia Pacific region, Japan is expected to provide the largest market opportunity. This is due to the increase in the musculoskeletal diseases in the region owing to the large proportion of the geriatric population in the country. China and India are also considered to be the key emerging markets due to their developing healthcare system, greater awareness and need for technologically advanced artificial spine discs due to increasing instances of spine surgeries.

Key Industry Developments




  • In March 2019, AxioMed announced the issuance of the CE Mark for their product offering of Cervical Freedom Total Disc Replacement, for the product’s viscoelastic disc replacement
  • In October 2018, Zimmer Biomet, one of the producers of orthopaedic products, launched Mobi-C, a cervical disc in Japan, which is expected to augment the artificial spine discs market in Asia Pacific
  • In 2019, in clinical studies conducted by the company, Centinel Spine, LLC, it has been studied that the total cervical disk replacement performed using the company’s product offering of ProDisc Vivo has significantly improved the patient outcomes.




  • Ongoing
  • 2023
  • 2019-2022

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