Artificial Disc Market by Type, by Material and by Geography- Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024

  • ID: 4470338
  • Report
  • Region: Global
  • 124 pages
  • P&S Market Research
1 of 4

FEATURED COMPANIES

  • Axiomed LLC
  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Johnson & Johnson
  • K2M Inc.
  • Medtronic PLC
  • MORE
Artificial Disc Market by Type (Cervical Disc, Lumbar Disc), by Material (Metal-on-Polymer, Metal-on-Metal, Metal-on-Ceramic, Polymer-on-Ceramic), by Geography (U.S., Canada, Germany, France, U.K., Italy, Spain, Japan, China, India, Brazil) - Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024

The growth in the industry is expected to be majorly led by product and technological innovations, increasing incidence of degenerative disc diseases, rising propensity for minimal incision surgeries, better clinical trial results with cervical total disc replacement (C-TDR) compared to anterior cervical discectomy and fusion (ACDF), long-term cost benefits of disc replacement over spinal fusion procedures, surging geriatric population, and rising healthcare expenditure.

Insights on Market Segments:

On the basis of material, the market has been categorized into metal-on-polymer and others; the other materials used primarily include metal-on-ceramic, polymer-on-ceramic, and metal-on-metal. Metal-on-polymer is estimated to hold a larger share, of 82.9%, in 2017, with the demand for metal-on-polymer discs majorly driven by their higher impact strength, better motion, and easier insertion capabilities.

On the basis of type of artificial disc available in the market, cervical discs are estimated to garner a larger share of 68.0%, in the artificial disc market in 2017, as they facilitate early postoperative neck motion and reduce the chances of the cervical degenerative disc disease of adjacent segments of the cervical spine, post-surgery.

Asia-Pacific (APAC) expected to be the fastest growing market for artificial discs

The APAC artificial disc market is expected to witness the fastest growth in demand, at a CAGR of 20.6%, during the forecast period, owing to growing geriatric population, rising healthcare expenditure, increasing per capita income, and increasing public and private investments in the healthcare sector to cater to the unmet medical needs of the people in the region.

According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), people aged 65 years and above constituted approximately 11.4% of the population in 2013, and the count is estimated to increase by approximately 20% by 2050. Thus, these rising figures with respect to the geriatric population, are an important factor leading to the increasing demand for artificial disc replacement surgeries/procedures in the region.

The rising per capita income is likely to increase the affordability of patients for expensive surgical procedures, including artificial disc replacement surgeries. According to the World Bank, the GDP per capita of India increased from $1,345.8 in 2010 to $1,709.4 in 2016. A similar trend has been observed for other developing countries, such as Papua New Guinea, the Philippines, and Indonesia, which is contributing to the growth of the APAC artificial disc market.

Rise in the number of mergers and acquisitions among market players to attain a larger market share

Globally, the key players in the artificial disc market are acquiring other companies to gain a larger market share. For instance, in December 2017, NuVasive Inc. and SafePassage, a privately held provider of intraoperative neurophysiological monitoring (IONM) services, entered into a definitive agreement, under which NuVasive Inc. agreed to acquire SafePassage. The acquisition aimed at strengthening NuVasive Inc.’s IONM business line, formed in July 2016, when the company acquired Biotronic NeuroNetwork (Biotronic) and combined its service offerings with its subsidiary namely, Impulse Monitoring Inc.

Further, In September 2017 NuVasive Inc, acquired Vertera Spine, a privately held medical device company developing and commercializing highly innovative inter-body implants for spinal fusion using the patented porous PEEK technology. The acquisition aimed at continuing NuVasive’s commitment to pursue strategic opportunities for a larger market share.

Some of the other key players operating in the artificial disc market are AxioMed LLC, Simplify Medical Inc., K2M Inc., Spinal Kinetics Inc., Globus Medical Inc., Johnson & Johnson, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., and Medtronic PLC.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Axiomed LLC
  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Johnson & Johnson
  • K2M Inc.
  • Medtronic PLC
  • MORE
1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by Material
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 by region
2.2.1.2 by industry participant
2.2.1.3 by company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

3. Executive Summary

4. Introduction
4.1 Definition of Market Segments
4.1.1 by Type
4.1.1.1 Cervical disc
4.1.1.2 Lumbar disc
4.1.2 by Material
4.1.2.1 Metal-on-polymer
4.1.2.2 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Surge in the merger and acquisition activity
4.2.2 Drivers
4.2.2.1 Product and technological innovations
4.2.2.2 Increasing incidence of degenerative disc diseases
4.2.2.3 Rising propensity for minimal incision surgeries
4.2.2.4 Better clinical trial results with C-TDR compared to ACDF procedures
4.2.2.5 Long-term cost benefits of disc replacement over spinal fusion procedures
4.2.2.6 Surging geriatric population
4.2.2.7 Rising healthcare expenditure
4.2.2.8 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 Lack of reimbursement facilities by government bodies
4.2.3.2 High cost of implants
4.2.3.3 Lack of skilled healthcare professionals
4.2.3.4 Stringent regulatory guidelines
4.2.3.5 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Increasing number of clinical studies on artificial discs over ACDF surgeries
4.2.4.2 Rising healthcare expenditure and government funding in R&D in emerging countries
4.3 Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Intensity of Rivalry
4.3.4 Threat of New Entrants
4.3.5 Threat of Substitutes

5. Global Market Size and Forecast
5.1 by Type
5.2 by Material
5.3 by Region

6. North America Market Size and Forecast
6.1 by Type
6.2 by Material
6.3 by Country

7. Europe Market Size and Forecast
7.1 by Type
7.2 by Material
7.3 by Country

8. APAC Market Size and Forecast
8.1 by Type
8.2 by Material
8.3 by Country

9. LATAM Market Size and Forecast
9.1 by Type
9.2 by Material
9.3 by Country
10. MEA Market Size and Forecast
10.1 by Type
10.2 by Material

11. Competitive Landscape
11.1 Product Offerings of Key Players
11.2 Approval Status of Various Artificial Discs
11.3 Global Strategic Developments of Key Players
11.3.1 Mergers and Acquisitions
11.3.2 Product Launches and Approvals
11.3.3 Other Developments

12. Company Profiles
12.1 Medtronic PLC
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.1.3 Key Financial Summary
12.1.4 Strategic Growth Plans
12.2 Zimmer Biomet Holdings Inc.
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.2.3 Key Financial Summary
12.2.4 Strategic Growth Plans
12.3 B. Braun Melsungen AG
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.3.3 Key Financial Summary
12.3.4 Strategic Growth Plans
12.4 NuVasive Inc.
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.4.3 Key Financial Summary
12.4.4 Strategic Growth Plans
12.5 Johnson & Johnson
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.5.3 Key Financial Summary
12.5.4 Strategic Growth Plans
12.6 Globus Medical Inc.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.6.3 Key Financial Summary
12.6.4 Strategic Growth Plans
12.7 Spinal Kinetics Inc.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.8 K2M Inc.
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.8.4 Strategic Growth Plans
12.9 Simplify Medical Inc.
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.1 AxioMed LLC
12.10.1 Business Overview
12.10.2 Product and Service Offerings

13. Appendix
13.1 Abbreviations
13.2 Related Reports

List of Tables
Table 1 Analysis Period of The Study
Table 2 Global Artificial Disc Market, by Type, $M (2014-2017)
Table 3 Global Artificial Disc Market, by Type, $M (2018-2024)
Table 4 Global Artificial Disc Market, by Material, $M (2014-2017)
Table 5 Global Artificial Disc Market, by Material, $M (2018-2024)
Table 6 Global Artificial Disc Market, by Region, $M (2014-2017)
Table 7 Global Artificial Disc Market, by Region, $M (2018-2024)
Table 8 North America Artificial Disc Market, by Type, $M (2014-2017)
Table 9 North America Artificial Disc Market, by Type, $M (2018-2024)
Table 10 North America Artificial Disc Market, by Material, $M (2014-2017)
Table 11 North America Artificial Disc Market, by Material, $M (2018-2024)
Table 12 North America Artificial Disc Market, by Country, $M (2014-2017)
Table 13 North America Artificial Disc Market, by Country, $M (2018-2024)
Table 14 Europe Artificial Disc Market, by Type, $M (2014-2017)
Table 15 Europe Artificial Disc Market, by Type, $M (2018-2024)
Table 16 Europe Artificial Disc Market, by Material, $M (2014-2017)
Table 17 Europe Artificial Disc Market, by Material, $M (2018-2024)
Table 18 Europe Artificial Disc Market, by Country, $M (2014-2017)
Table 19 Europe Artificial Disc Market, by Country, $M (2018-2024)
Table 20 Apac Artificial Disc Market, by Type, $M (2014-2017)
Table 21 Apac Artificial Disc Market, by Type, $M (2018-2024)
Table 22 Apac Artificial Disc Market, by Material, $M (2014-2017)
Table 23 Apac Artificial Disc Market, by Material, $M (2018-2024)
Table 24 Apac Artificial Disc Market, by Country, $M (2014-2017)
Table 25 Apac Artificial Disc Market, by Country, $M (2018-2024)
Table 26 Latam Artificial Disc Market, by Type, $M (2014-2017)
Table 27 Latam Artificial Disc Market, by Type, $M (2018-2024)
Table 28 Latam Artificial Disc Market, by Material, $M (2014-2017)
Table 29 Latam Artificial Disc Market, by Material, $M (2018-2024)
Table 30 Latam Artificial Disc Market, by Country, $M (2014-2017)
Table 31 Latam Artificial Disc Market, by Country, $M (2018-2024)
Table 32 Mea Artificial Disc Market, by Type, $M (2014-2017)
Table 33 Mea Artificial Disc Market, by Type, $M (2018-2024)
Table 34 Mea Artificial Disc Market, by Material, $M (2014-2017)
Table 35 Mea Artificial Disc Market, by Material, $M (2018-2024)
Table 36 Product Offerings of Key Players
Table 37 Approval Status of Various Artificial Discs
Table 38 Medtronic Plc - at a Glance
Table 39 Medtronic Plc - Key Financial Summary
Table 40 Zimmer Biomet Holdings Inc. - at a Glance
Table 41 Zimmer Biomet Holdings Inc. - Key Financial Summary
Table 42 B. Braun Melsungen Ag - at a Glance
Table 43 B. Braun Melsungen Ag - Key Financial Summary
Table 44 Nuvasive Inc. - at a Glance
Table 45 Nuvasive Inc. - Key Financial Summary
Table 46 Johnson & Johnson - at a Glance
Table 47 Johnson & Johnson - Key Financial Summary
Table 48 Globus Medical Inc. - at a Glance
Table 49 Globus Medical Inc. - Key Financial Summary
Table 50 Spinal Kinetics Inc. - at a Glance
Table 51 K2M Inc. - at a Glance
Table 52 K2M Inc. - Key Financial Summary
Table 53 Simplify Medical Inc. - at a Glance
Table 54 Axiomed Llc - at a Glance

List of Figures
Fig 1 Research Scope
Fig 2 Research Methodology
Fig 3 Regional Split of Primary And Secondary Research
Fig 4 Breakdown of Primary Research by Region
Fig 5 Breakdown of Primary Research by Industry Participant
Fig 6 Breakdown of Primary Research by Company Type
Fig 7 Data Triangulation Approach
Fig 8 Global Artificial Disc Market Summary
Fig 9 Geriatric Population as a Percentage of Total Population
Fig 10 Drivers For The Market: Impact Analysis
Fig 11 Restraints For The Market: Impact Analysis
Fig 12 Porter’S Five Forces Analysis
Fig 13 Global Artificial Disc Market Shapshot, by Type
Fig 14 Global Artificial Disc Market, by Type, $M (2014-2024)
Fig 15 Global Artificial Disc Market Split, by Material
Fig 16 Global Artificial Disc Market, by Material, $M (2014-2024)
Fig 17 Worldwide Major Markets For Artificial Discs
Fig 18 North America Artificial Disc Market Snapshot
Fig 19 North America Artificial Disc Market, by Type, $M (2014-2024)
Fig 20 North America Artificial Disc Market, by Material, $M (2014-2024)
Fig 21 North America Artificial Disc Market, by Country, $M (2014-2024)
Fig 22 Europe Artificial Disc Market Snapshot
Fig 23 Europe Artificial Disc Market, by Type, $M (2014-2024)
Fig 24 Europe Artificial Disc Market, by Material, $M (2014-2024)
Fig 25 Europe Artificial Disc Market, by Country, $M (2014-2024)
Fig 26 Apac Artificial Disc Market Snapshot
Fig 27 Apac Artificial Disc Market, by Type, $M (2014-2024)
Fig 28 Apac Artificial Disc Market, by Material, $M (2014-2024)
Fig 29 Apac Artificial Disc Market, by Country, $M (2014-2024)
Fig 30 Latam Artificial Disc Market Snapshot
Fig 31 Latam Artificial Disc Market, by Type, $M (2014-2024)
Fig 32 Latam Artificial Disc Market, by Material, $M (2014-2024)
Fig 33 Latam Artificial Disc Market, by Country, $M (2014-2024)
Fig 34 Mea Artificial Disc Market Snapshot
Fig 35 Mea Artificial Disc Market, by Type, $M (2014-2024)
Fig 36 Mea Artificial Disc Market, by Material, $M (2014-2024)
Fig 37 Medtronic Plc - Revenue Split by Segment And Geography (2017)
Fig 38 Zimmer Biomet Holdings Inc. - Revenue Split by Segment And Geography (2016)
Fig 39 B. Braun Melsungen Ag - Revenue Split by Segment And Geography (2016)
Fig 40 Nuvasive Inc. - Revenue Split by Product Line And Geography (2016)
Fig 41 Johnson & Johnson - Revenue Split by Segment And Geography (2016)
Fig 42 Globus Medical Inc. - Revenue Split by Segment And Geography (2016)
Fig 43 K2M Inc. - Revenue Split by Product Category And Geography (2016)
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Axiomed LLC
  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Johnson & Johnson
  • K2M Inc.
  • Medtronic PLC
  • Nuvasive Inc.
  • Simplify Medical Inc.
  • Spinal Kinetics Inc.
  • Zimmer Biomet Holdings Inc.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll