Market Overview:
The global artificial disc replacement systems market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spinal disorders, technological advancements in artificial disc replacement systems, and rising demand for minimally invasive surgeries. The global artificial disc replacement systems market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into hardware and software. Hardware dominates the global artificial disc replacement systems market owing to its wide usage in various applications such as hospitals, clinics, and other applications. Software is expected to grow at a higher CAGR during the forecast period due to its growing demand for use in complex surgeries.
Product Definition:
An artificial disc replacement system (ADRS) is a device that can be inserted into the intervertebral space to replace a damaged or degenerated spinal disc. ADRS offer several potential advantages over traditional spinal fusion surgery, including less postoperative pain, faster recovery times, and improved range of motion.
Hardware:
Hardware is the part of artificial disc replacement system that includes implants, instruments and fixation devices. The hardware components are used to replace a natural disc in the spine. Artificial discs have been found to be more effective than conventional discs for providing relief from back pain due to their ability to reduce inflammation and provide stability when compared with other treatment options such as medication or surgery.
Software:
Software is the part of Artificial Disc Replacement (ADR) systems that controls and monitors the overall process. It helps in maintaining a database with information related to patient history, treatment regimen, medication schedules and other data. The software also generates reports which are helpful in analyzing outcomes &instructions for surgeons as well as patients.
The global ADR Systems market was valued at USD 1,452 million in 2016.
Application Insights:
The hospitals segment dominated the market in 2017 and accounted for more than half of the overall revenue. This is due to factors such as high prevalence of diabetes, which increases the risk of complications associated with artificial discs replacement surgery. Also, increasing number of hospitals offering advanced healthcare services is expected to boost industry growth over the forecast period.
The clinics segment is expected to witness significant growth over the forecast period owing to rising awareness about A/D R&D and growing preference for minimally invasive surgeries among patients seeking treatment at low cost providers. In addition, companies such as Genzyme are focusing on providing advanced disc replacement systems through clinical trials that target specific patient groups based on age and other health related information collected from them during their visits at primary care settings or hospital outpatient departments (OPDs). Such initiatives by key players in clinics segment are anticipated to drive demand over next seven years.
Regional Analysis:
North America dominated the global market in 2017 owing to high prevalence of osteoporosis and other spinal disorders. According to the National Spinal Cord Injury Statistical Center, approximately 285,000 people in the U.S. are estimated to suffer from spinal cord injuries resulting into partial or complete disability every year.
Asia Pacific is expected to witness lucrative growth over the forecast period due disc replacement surgery being cost-effective as compared with other artificial joint replacement surgeries performed on patients suffering from arthritis.
Growth Factors:
- Increasing incidence of spinal disorders: The increasing incidence of spinal disorders is one of the key growth drivers for the artificial disc replacement systems market. This is because a large number of people are suffering from various types of spinal disorders, which can be treated with the help of artificial disc replacement systems.
- Rising demand for minimally invasive surgeries: The demand for minimally invasive surgeries is rising rapidly across the world due to several advantages such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. This is boosting the growth prospects for the artificial disc replacement systems market as these devices are used in minimally invasive surgeries.
- Technological advancements: The technological advancements in the field of medical devices are leading to innovative products that offer better treatment outcomes to patients suffering from various types of spine disorders. This is propellingthe growthoftheartificialdiscreplacementsystemsmarketasmoreandmorepeopleareusingthesedevicesfortheirspinecareneeds.
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Disc Replacement Systems Market Research Report
By Type
Hardware, Software
By Application
Hospitals, Clinics, Other
By Companies
ALCeraX Medizintechnik GmbH, Articulus Bio LLC, C.I. Takiron Corp, City, University of London, Disc Motion Technologies (Inactive), Globus Medical Inc, Integra Spine, K2M Inc, Medical University of South Carolina, Meliora Medical BV, MiMedx Group Inc, NEXUS TDR Inc, Precision Spine Inc, RE Spine, LLC, SeaSpine, Inc., Simplify Medical, Inc., SINTX Technologies Inc, Smart Disc, Inc., Spinal Kinetics Inc, SpinalMotion Inc, SpineSmith Holdings LLC, TranS1 Inc, TrueMotion Spine, Inc., University of South Florida, Weill Cornell Medical College, Zimmer Biomet Holdings Inc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Disc Replacement Systems Market Report Segments:
The global Artificial Disc Replacement Systems market is segmented on the basis of:
Types
Hardware, Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ALCeraX Medizintechnik GmbH
- Articulus Bio LLC
- C.I. Takiron Corp
- City, University of London
- Disc Motion Technologies (Inactive)
- Globus Medical Inc
- Integra Spine
- K2M Inc
- Medical University of South Carolina
- Meliora Medical BV
- MiMedx Group Inc
- NEXUS TDR Inc
- Precision Spine Inc
- RE Spine, LLC
- SeaSpine, Inc.
- Simplify Medical, Inc.
- SINTX Technologies Inc
- Smart Disc, Inc.
- Spinal Kinetics Inc
- SpinalMotion Inc
- SpineSmith Holdings LLC
- TranS1 Inc
- TrueMotion Spine, Inc.
- University of South Florida
- Weill Cornell Medical College
- Zimmer Biomet Holdings Inc
Highlights of The Artificial Disc Replacement Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- By Application:
- Hospitals
- Clinics
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Artificial Disc Replacement Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Artificial Disc Replacement Systems are a type of medical device that helps to replace a damaged or worn out disc in the spine. The system uses small, artificial discs that are inserted into the spinal canal and then secured with screws or other devices. When the artificial discs become worn or damaged, they can be replaced with new ones to help restore function and stability to your back.
Some of the key players operating in the artificial disc replacement systems market are ALCeraX Medizintechnik GmbH, Articulus Bio LLC, C.I. Takiron Corp, City, University of London, Disc Motion Technologies (Inactive), Globus Medical Inc, Integra Spine, K2M Inc, Medical University of South Carolina, Meliora Medical BV, MiMedx Group Inc, NEXUS TDR Inc, Precision Spine Inc, RE Spine, LLC, SeaSpine, Inc., Simplify Medical, Inc., SINTX Technologies Inc, Smart Disc, Inc., Spinal Kinetics Inc, SpinalMotion Inc, SpineSmith Holdings LLC, TranS1 Inc, TrueMotion Spine, Inc., University of South Florida, Weill Cornell Medical College, Zimmer Biomet Holdings Inc.
The artificial disc replacement systems market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Artificial Disc Replacement Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Artificial Disc Replacement Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Artificial Disc Replacement Systems Market - Supply Chain
4.5. Global Artificial Disc Replacement Systems Market Forecast
4.5.1. Artificial Disc Replacement Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Artificial Disc Replacement Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Artificial Disc Replacement Systems Market Absolute $ Opportunity
5. Global Artificial Disc Replacement Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
5.3.1. Hardware
5.3.2. Software
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Artificial Disc Replacement Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Artificial Disc Replacement Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Artificial Disc Replacement Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Artificial Disc Replacement Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Artificial Disc Replacement Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Artificial Disc Replacement Systems Demand Share Forecast, 2019-2026
9. North America Artificial Disc Replacement Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Artificial Disc Replacement Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
9.7.1. Hardware
9.7.2. Software
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Artificial Disc Replacement Systems Demand Share Forecast, 2019-2026
10. Latin America Artificial Disc Replacement Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Artificial Disc Replacement Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
10.7.1. Hardware
10.7.2. Software
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Artificial Disc Replacement Systems Demand Share Forecast, 2019-2026
11. Europe Artificial Disc Replacement Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Artificial Disc Replacement Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
11.7.1. Hardware
11.7.2. Software
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Artificial Disc Replacement Systems Demand Share, 2019-2026
12. Asia Pacific Artificial Disc Replacement Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Artificial Disc Replacement Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
12.7.1. Hardware
12.7.2. Software
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Artificial Disc Replacement Systems Demand Share, 2019-2026
13. Middle East & Africa Artificial Disc Replacement Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Artificial Disc Replacement Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Artificial Disc Replacement Systems Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Artificial Disc Replacement Systems Market Size and Volume Forecast by Type
13.7.1. Hardware
13.7.2. Software
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Artificial Disc Replacement Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Artificial Disc Replacement Systems Market: Market Share Analysis
14.2. Artificial Disc Replacement Systems Distributors and Customers
14.3. Artificial Disc Replacement Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ALCeraX Medizintechnik GmbH
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Articulus Bio LLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. C.I. Takiron Corp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. City, University of London
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Disc Motion Technologies (Inactive)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Globus Medical Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Integra Spine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. K2M Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medical University of South Carolina
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Meliora Medical BV
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MiMedx Group Inc
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NEXUS TDR Inc
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Precision Spine Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. RE Spine, LLC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. SeaSpine, Inc.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Simplify Medical, Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SINTX Technologies Inc
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Smart Disc, Inc.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Spinal Kinetics Inc
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. SpinalMotion Inc
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
