Artificial Cervical Disc Market Size, Share, and Analysis, By Product Type (Cervical Disc and Lumber Disc), By Material (Metal-on-Metal and Metal-on-Polymer), By End Users (Hospitals, Specialty Clinics, Orthopedic &Trauma Centers, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
Artificial Cervical Disc Market Size, Share, and Analysis, By Product Type (Cervical Disc and Lumber Disc), By Material (Metal-on-Metal and Metal-on-Polymer), By End Users (Hospitals, Specialty Clinics, Orthopedic &Trauma Centers, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2023-2032
PRODUCT OVERVIEW
Artificial Cervical Disc Market size was USD 1.8 billion in 2022 and is projected t%li%grow from USD 2 billion in 2023 t%li%USD 6.8 billion by 2032, exhibiting a CAGR of 14.4% during the forecast period
Artificial cervical disc is an advanced medical device used in spinal surgery t%li%replace damaged or degenerated cervical discs situated in the neck. The device resembles organic structure of a healthy disc by using tw%li%metallic endplates which are connect with adjacent vertebrae and a core made of titanium or medical-grade plastics. Its primary objective is t%li%restore normal functioning of spinal-cord, while providing stability through controlled movement and flexibility. Additionally, the artificial cervical disc procedure offers a natural range of motion, unlike fusion surgery, which involves combining vertebrae together. However, multiple aspects are considered before proceeding with artificial disc replacement, such as health and condition of patient, along with the advice of a healthcare professionals. Therefore, even though it offers promising alternatives t%li%conventional treatments, its suitability needs t%li%be carefully evaluated on an individual basis.
MARKET HIGHLIGHTS
Artificial Cervical Disc Market is projected t%li%achieve USD 6.8 billion, showcasing a substantial compound annual growth rate (CAGR) of 14.4% during the forecast period, owing t%li%the rising incidence of cervical spine disorders and growing awareness for non-invasive surgical treatments. The rising demand for treatments that preserve movement and reduce the need for fusion surgeries has contributed t%li%the significant expansion of artificial cervical disc market. Organizations are increasingly investing in research and development t%li%create biocompatible, durable, and technologically advanced artificial discs. Furthermore, collaborations between medical institutions and industry players have als%li%contributed t%li%developments. Therefore, the growth trajectory of artificial cervical disc appears t%li%be promising, due t%li%the rising demand for technologically advanced solutions and the expanded potential of artificial disc technology beyond its current scope.
Artificial Cervical Disc Market Segments:
Growth Drivers
Technological Developments in Healthcare t%li%Facilitate the Expansion of Artificial Cervical Disc Market
Growing Acceptance of Non-Invasive Procedures t%li%Propel Industry Expansion
Restraint
High Cost of Cervical Discs Replacement Procedures Hinders Market Growth
Key Players
PRODUCT OVERVIEW
Artificial Cervical Disc Market size was USD 1.8 billion in 2022 and is projected t%li%grow from USD 2 billion in 2023 t%li%USD 6.8 billion by 2032, exhibiting a CAGR of 14.4% during the forecast period
Artificial cervical disc is an advanced medical device used in spinal surgery t%li%replace damaged or degenerated cervical discs situated in the neck. The device resembles organic structure of a healthy disc by using tw%li%metallic endplates which are connect with adjacent vertebrae and a core made of titanium or medical-grade plastics. Its primary objective is t%li%restore normal functioning of spinal-cord, while providing stability through controlled movement and flexibility. Additionally, the artificial cervical disc procedure offers a natural range of motion, unlike fusion surgery, which involves combining vertebrae together. However, multiple aspects are considered before proceeding with artificial disc replacement, such as health and condition of patient, along with the advice of a healthcare professionals. Therefore, even though it offers promising alternatives t%li%conventional treatments, its suitability needs t%li%be carefully evaluated on an individual basis.
MARKET HIGHLIGHTS
Artificial Cervical Disc Market is projected t%li%achieve USD 6.8 billion, showcasing a substantial compound annual growth rate (CAGR) of 14.4% during the forecast period, owing t%li%the rising incidence of cervical spine disorders and growing awareness for non-invasive surgical treatments. The rising demand for treatments that preserve movement and reduce the need for fusion surgeries has contributed t%li%the significant expansion of artificial cervical disc market. Organizations are increasingly investing in research and development t%li%create biocompatible, durable, and technologically advanced artificial discs. Furthermore, collaborations between medical institutions and industry players have als%li%contributed t%li%developments. Therefore, the growth trajectory of artificial cervical disc appears t%li%be promising, due t%li%the rising demand for technologically advanced solutions and the expanded potential of artificial disc technology beyond its current scope.
Artificial Cervical Disc Market Segments:
- By Product Type
- Cervical Artificial Disc
- Lumber Artificial Disc
- By Material
- Metal-on-Metal
- Metal-on-Polymer
- By End Users
- Hospitals
- Specialty Clinics
- Orthopaedic &Trauma Centers
- Others
Growth Drivers
Technological Developments in Healthcare t%li%Facilitate the Expansion of Artificial Cervical Disc Market
Growing Acceptance of Non-Invasive Procedures t%li%Propel Industry Expansion
Restraint
High Cost of Cervical Discs Replacement Procedures Hinders Market Growth
Key Players
- Medtronic plc
- DePuy Synthes
- NuVasive, Inc.
- Globus Medical, Inc.
- Zimmer Biomet Holdings, Inc.
- Stryker Corporation
- Orthofix Medical Inc.
- LDR Holding Corporation
- Centinel Spine, LLC
- AxioMed LLC
- Spinal Kinetics
- Paradigm Spine
- Simplify Medical, Inc.
- Raymedica, LLC
- FH Orthopedics
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2.Business Trends
1.3. Artificial Cervical Disc Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Artificial Cervical Disc Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.ARTIFICIAL CERVICAL DISC MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.ARTIFICIAL CERVICAL DISC MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Product Type
11.3.1.1.Cervical Artificial Disc
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Lumber Artificial Disc
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Material
11.3.2.1.Metal-on-Metal
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Metal-on-Polymer
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By End Users
11.3.3.1 Hospitals
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2Specialty Clinics
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3Orthopedic and Trauma Centers
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.4Others
11.3.3.4.1 By Value (USD Million) 2022-2032F
11.3.3.4.2Market Share (%) 2022-2032F
11.3.3.4.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2. By Material
12.3.3. By End Users
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2. By Material
13.3.3. By End Users
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Product Type
14.3.2. By Material
14.3.3. By End Users
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2. By Material
15.3.3. By End Users
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2. By Material
16.3.3. By End Users
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Medtronic plc
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.DePuy Synthes
18.3.NuVasive, Inc.
18.4.Globus Medical, Inc.
18.5.Zimmer Biomet Holdings, Inc.
18.6.Stryker Corporation
18.7.Orthofix Medical Inc.
18.8.LDR Holding Corporation
18.9.Centinel Spine, LLC
18.10.AxioMed LLC
18.11. Spinal Kinetics
18.12.Paradigm Spine
18.13.Simplify Medical, Inc.
18.14.Raymedica, LLC
18.15.FH Orthopedics
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2.Business Trends
1.3. Artificial Cervical Disc Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1.Market Definition
3.2.Artificial Cervical Disc Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.ARTIFICIAL CERVICAL DISC MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7. MARKET DYNAMICS
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.RISK ANALYSIS
9. MARKET ANALYSIS
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.ARTIFICIAL CERVICAL DISC MARKET
10.1.Overview
10.2. Historical Analysis (2019-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Product Type
11.3.1.1.Cervical Artificial Disc
11.3.1.1.1.By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Lumber Artificial Disc
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2.Market Share (%) 2022-2032F
11.3.1.2.3.Y-o-Y Growth (%) 2022-2032F
11.3.2. By Material
11.3.2.1.Metal-on-Metal
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2.Market Share (%) 2022-2032F
11.3.2.1.3.Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Metal-on-Polymer
11.3.2.2.1.By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.3.By End Users
11.3.3.1 Hospitals
11.3.3.1.1By Value (USD Million) 2022-2032F
11.3.3.1.2 Market Share (%) 2022-2032F
11.3.3.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.2Specialty Clinics
11.3.3.2.1 By Value (USD Million) 2022-2032F
11.3.3.2.2Market Share (%) 2022-2032F
11.3.3.3.1 Y-o-Y Growth (%) 2022-2032F
11.3.3.3Orthopedic and Trauma Centers
11.3.3.3.1 By Value (USD Million) 2022-2032F
11.3.4.1.2 Market Share (%) 2022-2032F
11.3.4.1.3 Y-o-Y Growth (%) 2022-2032F
11.3.3.4Others
11.3.3.4.1 By Value (USD Million) 2022-2032F
11.3.3.4.2Market Share (%) 2022-2032F
11.3.3.4.3Y-o-Y Growth (%) 2022-2032F
12.NORTH AMERICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product Type
12.3.2. By Material
12.3.3. By End Users
12.4. Country
12.4.1. United States
12.4.2. Canada
13.EUROPE ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product Type
13.3.2. By Material
13.3.3. By End Users
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.ASIA-PACIFIC ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Product Type
14.3.2. By Material
14.3.3. By End Users
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.MIDDLE EAST AND AFRICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product Type
15.3.2. By Material
15.3.3. By End Users
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. LATIN AMERICA ARTIFICIAL CERVICAL DISC MARKET SIZE & FORECAST 2022A-2032F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product Type
16.3.2. By Material
16.3.3. By End Users
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1.Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Medtronic plc
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.DePuy Synthes
18.3.NuVasive, Inc.
18.4.Globus Medical, Inc.
18.5.Zimmer Biomet Holdings, Inc.
18.6.Stryker Corporation
18.7.Orthofix Medical Inc.
18.8.LDR Holding Corporation
18.9.Centinel Spine, LLC
18.10.AxioMed LLC
18.11. Spinal Kinetics
18.12.Paradigm Spine
18.13.Simplify Medical, Inc.
18.14.Raymedica, LLC
18.15.FH Orthopedics
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
