Report Id: SNS/HC/2650 | July 2022 | Region: Global | 135 Pages
Report Scope & Overview:
The Artificial Cervical Disc Market Size was valued at USD 7.61 billion in 2021, and is expected to reach USD 12.87 billion by 2028, and grow at a CAGR of 7.8% over the forecast period 2022-2028.
An artificial cervical disc is a type of medical device used during disc replacement surgery to take the place of a natural disc in the neck. It is a new surgery that takes the place of a spinal disc that has been injured or become ill. These treatments will aid in removing disc degeneration-related discomfort while preserving mobility and functionality.
Increased incidence of degenerative spine diseases worldwide
Ageing of the population in both developed and developing countries' economies
High price of the item
inconsistent reimbursement procedures
Increased number of artificial disc clinical studies
More clinical tests using artificial discs are being conducted.
A major obstacle for market players is the risk associated with surgical and medical procedures.
Artificial Cervical Disc Market Overview
IMPACT OF COVID-19
People all across the world have been impacted by the pandemic, which has forced the closure of operational facilities everywhere. During the lockdown period, the healthcare sector experienced situations that were unprecedented. The closure of the manufacturing facilities had an impact on the creation of medical supplies and other equipment. Additionally, the supply chain for medical supplies was impacted, which increased the inventory of manufactured goods in warehouses. Additionally, the closing of the operating facility put a strain on the doctors and surgeons who ran their own clinics.
Consequences of the COVID-19 pandemic include the potential delay of disc replacement surgeries due to a number of factors, including the reallocation of hospital resources, such as nursing staff and ICU beds, to care for patients with the coronavirus and the cancellation of elective surgery to reduce the risk of disease spread.
By Product Type
Cervical disc: The segment of artificial cervical discs that makes up the cervical disc currently accounts for a sizeable portion of the market for artificial cervical discs, and it is anticipated that this trend will continue over the course of the forecast period due to the increasing prevalence of degenerative disc disease and the rising demand for minimally invasive procedures.
Lumbar disc: The demand for lumbar total disc replacement (LTDR) procedures will increase due to the rapidly expanding geriatric patient pool suffering from orthopaedic diseases and low back pain among the geriatric population and the rising prevalence of low back pain, which will boost the lumbar disc segment growth.
Metal-on-metal construction: During the projected period, a sizable amount of revenue is estimated to be generated by the artificial cervical disc market sector. A growing number of medical professionals, including doctors, surgeons, and clinicians, have shown a preference for metal implants. Tantalum, tantalum, zirconium alloys, cobalt-nickel-chromium-molybdenum, and chromium-cobalt-molybdenum are a few of the often-used metal implants in artificial cervical disc procedures. Because they have better corrosion resistance than metal-on-biopolymers and are significantly less expensive, metal-on-metal materials are favored.
Due to their benefits, such as higher biocompatibility, large degrees of rotation, and flexible movement of the spine and insertion, industry participants are concentrating on creating metal-on-biopolymer artificial discs. The market for artificial cervical discs will rise more quickly in the next years due to the increasing use of these cutting-edge artificial discs for the treatment of degenerative disc disorders.
By End User
Hospitals: The development of hospital infrastructure around the world is a major market driver for prosthetic cervical discs. Because of the superior care and knowledgeable medical staff, hospitals draw a large number of patients.
Ambulatory Surgical Clinics: As a result of the need for treatment right away, ambulatory surgical centers are in greater demand. The patient receives immediate care at these facilities, and they are then released the next day. Due to the fact that they do not require overnight or extended stays, such operations are efficient and cost-effective.
Some of the major key players are as follows: Alphatec Spine, Braun Melsungen AG, AxioMed, Centinel Spine, LLC, Aditus Medical, Globus Medical Inc, Johnson & Johnson, Orthofix Company, Medtronic PLC, Nuvasive Inc., Simplify Medical, Zimmer Biomet Holdings Inc.
By Product Type
By End User
Ambulatory Surgical Centers
A growing senior population, a higher success rate for artificial disc replacement surgery, and increasing patient awareness of available treatment alternatives are all factors that will contribute to North America holding the highest share of the worldwide artificial disc market.
Due to its quickly expanding medical infrastructure, rising healthcare spending, sizable population, and rising medical tourism in developing countries like Japan, China, and India, the Asia-Pacific region is anticipated to have the quickest development throughout the projection period.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 7.61 Billion|
|Market Size by 2028||US$ 12.87 Billion|
|CAGR||CAGR of 7.8% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product Type (Cervical Disc, Lumbar Disc)
• By Material (Metal-on-metal, Metal-on-biopolymer)
• By End User (Hospitals, Ambulatory Surgical Centers, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Alphatec Spine, Braun Melsungen AG, AxioMed, Centinel Spine, LLC, Aditus Medical, Globus Medical Inc, Johnson & Johnson, Orthofix Company, Medtronic PLC, Nuvasive Inc., Simplify Medical, Zimmer Biomet Holdings Inc.|
|Key Drivers||• Increased incidence of degenerative spine diseases worldwide|
|RESTRAINTS||• High price of the item
• Inconsistent Reimbursement Procedures
Frequently Asked Questions (FAQ) :
Ans. Artificial Cervical Disc market is expected to grow at a CAGR of 7.8%.
Ans Increased number of artificial disc clinical studies, and More clinical tests using artificial discs are being conducted are the opportunities of the market.
Ans. Artificial Cervical Disc Market is divided into four segments and they are By Product Type, By Material, and By End User
Ans. North America holding the highest share of the worldwide artificial disc market.
Ans. Cervical Disc and Lumbar Disc are sub segments of by product type of the Artificial Cervical Disc Market.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine ware
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Artificial Cervical Disc Market Segmentation, By Product Type
8.1 Cervical Disc
8.2 Lumbar Disc
9. Artificial Cervical Disc Market Segmentation, By Material
10. Artificial Cervical Disc Market Segmentation, By End User
10.2 Ambulatory Surgical Centers
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Alphatec Spine
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Braun Melsungen AG
12.4 Centinel Spine, LLC
12.5 Aditus Medical
12.6 Globus Medical Inc
12.7 Johnson & Johnson
12.8 Orthofix Company
12.9 Medtronic PLC
12.10 Nuvasive Inc.
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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