Quick Summary:
In an era of rapidly evolving healthcare technologies, staying ahead of the curve is key to success. With the global market for Artificial Disc Replacement expected to grow substantially over the coming decade, it's critical to be armed with the latest industry insights and data. Our comprehensive market research report presents a forward-looking perspective on different factors driving or constraining market growth.
Considering the significant growth potential of the Artificial Disc Replacement market in the U.S. and China, the report has meticulously examined both these markets, together with other notable geographic regions. With 43 key competitors featured, the report also gives a complete view of the competitive scene, a crucial element for crafting sound, informed business strategies. Also included are insightful segment analyses, like the Cervical and Lumbar Disc Replacement. With these insights within your reach, you will be in an excellent position to make smarter, data-driven decisions for your organization.
Global Artificial Disc Replacement Market to Reach $2.3 Billion by 2030
The global market for Artificial Disc Replacement estimated at US$510.4 Million in the year 2022, is projected to reach a revised size of US$2.3 Billion by 2030, growing at a CAGR of 20.6% over the analysis period 2022-2030. Cervical Disc Replacement, one of the segments analyzed in the report, is projected to record 20.9% CAGR and reach US$1.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lumbar Disc Replacement segment is readjusted to a revised 20.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $149.3 Million, While China is Forecast to Grow at 19.3% CAGR
The Artificial Disc Replacement market in the U.S. is estimated at US$149.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$376.7 Million by the year 2030 trailing a CAGR of 19.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.Select Competitors (Total 43 Featured) -
- AxioMed LLC
- DePuy Synthes
- Globus Medical, Inc.
- joimax GmbH
- Medtronic PLC
- NuVasive, Inc.
- Orthofix
- Spinal Kinetics, Inc.
- Vertebral Technologies, Inc.
- Zimmer Biomet Holdings, Inc.
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Artificial Disc Replacement?
What is the growth rate of the Global Market for Artificial Disc Replacement?
What is the forecasted size of the Global Market for Artificial Disc Replacement?
Who are the key companies in the Global Market for Artificial Disc Replacement?
| Report Attribute | Details |
|---|---|
| No. of Pages | 193 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 510.4 Million |
| Forecasted Market Value ( USD | $ 2300 Million |
| Compound Annual Growth Rate | 20.7% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- AxioMed LLC
- DePuy Synthes
- Globus Medical, Inc.
- joimax GmbH
- Medtronic PLC
- NuVasive, Inc.
- Orthofix
- Spinal Kinetics, Inc.
- Vertebral Technologies, Inc.
- Zimmer Biomet Holdings, Inc.
