Artificial Disc Replacement Market

The global artificial disc replacement market is projected to reach USD 2.25 billion by 2027 from USD 1.32 Billion in 2022, at a CAGR of 11% during the forecast period. The growth in the market is attributed to the increasing number of spinal surgeries, increased demand for minimally invasive surgeries, and continued technological advancements in musculoskeletal surgeries.

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However, lack of reimbursement in developing regions and regulatory ambiguity will likely hinder market growth over the forecast period.

As of 2022, major players operating in the artificial disc replacement market are Zimmer Biomet (US), Medtronic Plc (Ireland), B. Braun Melsungen AG (Germany), Johnson & Johnson (US), Medicrea International (France), Ecolab (US), Orthofix (US), Nuvasive (US), Globus Medical (US), Stryker Corporation (US), Alphatec Holdings (US), Aditus Medical (Germany), Spinal Kinetics (US), Medicrea (US), Evospine (Germany), among others.

Research Methodology

The study involved four major activities in estimating the current size of the artificial disc replacement market. Exhaustive secondary research was conducted to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.

Secondary Research

The secondary sources referred to in this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; and press releases; trade, business, and professional associations. Secondary sources were used to identify and collect helpful information for this extensive and commercial study of the artificial disc replacement market. Secondary research was mainly used to obtain critical information about the industry’s total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, market trends, and necessary developments by both the public and private organizations in the artificial disc replacement market.

The secondary sources for this research study include government, independent or public, paid/private, and research databases, among others. Secondary data was collected and analyzed to arrive at the overall market size of the artificial disc replacement market, which was further validated by primary research. Some of the critical secondary sources referred to during the preparation of this report are listed below-

• Governmental and inter-governmental sources & databases such as World Health Organization (WHO), World Bank, Organisation for Economic Co-operation and Development (OECD), and Centers for Disease Control and Prevention (CDC), among others.
• Business and research articles such as Springer Nature, The Lancet, PubMed, and the US National Library of Medicine, among others.
• Company sources include annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements.

Primary Research

Extensive primary research was conducted after acquiring knowledge about the artificial disc replacement market scenario through secondary research. A significant number of primary interviews were conducted from both the demand (healthcare payers and providers, physicians, research and academic institutes, hospitals, ambulatory surgical centers) and supply sides (manufacturers and distributors of artificial disc replacement products). The primaries interviewed for this study include experts from the orthopaedics industry (such as CEOs, VPs, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering replacement disc across the globe) and administrators & procurement managers of hospitals and diagnostic centers.

Around 65% and 35% of primary interviews were conducted from the supply and demand sides. A robust primary research methodology has been adopted to validate the report's contents and fill gaps. Telephonic and e-mail communications were adopted to conduct interviews (questionnaires were designed and sent to primary participants at their convenience).

The growing incidence of casualties characterizes the demand side of this market, sedentary lifestyle increasing back problems. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the artificial disc replacement market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research
• All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources

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Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the artificial disc replacement market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the artificial disc replacement industry.

Report Objectives

• To define, describe, and forecast the artificial disc replacement market by disc product type, disc type, end user, and region
• To provide detailed information about significant factors influencing the market growth (key drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets1 concerning individual growth trends, prospects, and their contributions to the overall artificial disc replacement market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the market value of various segments and sub-segments concerning five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
• To profile the key players active in the artificial disc replacement market and comprehensively analyze their global revenue shares and core competencies2
• To track and analyze competitive market-specific developments such as product approvals & commercialization, agreements, partnerships, collaborations, acquisitions, and expansions in the artificial disc replacement market

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Scope of the Report

This research report categorizes the artificial disc replacement market based on the disc type, product, end-user, and region

By Product Type

• Biomaterial
• Metal and metal alloys
• Ceramic

By Disc Type

• Cervical Disc
• Lumbar Disc

By End User

• Hospitals & Surgical Centers
• Ambulatory Surgical Centers
• Other end users

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • RoE
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • RoAPAC
• Latin America
  • Brazil
  • Mexico
  • RoLATAM
• The Middle East and Africa

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the artificial disc replacement market report:

DISC TYPE ANALYSIS

• Product Matrix, which gives a detailed comparison of the product portfolios of the top five global players

PRODUCT ANALYSIS

• Further breakdown of the Rest of Europe’s artificial disc replacement market into Russia, Portugal, Belgium, Denmark, Switzerland, and other European countries (aggregated)

COMPANY INFORMATION

• Detailed analysis and profiling of additional market players (up to 5 OEMs)

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