Market Overview:
The global artificial lumbar disc market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of back pain, technological advancements in the field of artificial discs, and rising demand for minimally invasive surgeries. Based on type, the global artificial lumbar disc market can be segmented into biopolymer material and metal material. The biopolymer material segment is expected to grow at a higher CAGR than the metal material segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as lower cost and better biocompatibility of biopolymer materials as compared with metal materials. Based on application, the global artificial lumbar disc market can be divided into hospitals and ambulatory surgical centers (ASCs). The hospitals segment is expected to account for a larger share of this market than ASCs during the forecast period from 2018 to 2030.
Product Definition:
An artificial lumbar disc (ALD) is a device that is used to replace a damaged or diseased lumbar disc. The ALD is made of plastic and metal, and it is designed to mimic the function of a natural lumbar disc. An ALD may be used to treat conditions such as herniated discs, spinal stenosis, and spondylolisthesis.
Biopolymer Material:
Biopolymer material is a combination of natural and synthetic polymers. It has been used as artificial lumbar discs for the treatment of spinal injuries due to its mechanical properties, biocompatibility, and osteoinductivity. Biopolymer materials are being studied extensively on account of their potential use in developing new surgical devices for treating degenerative disc diseases along with providing an alternative source of durable structural support to bone grafts.
Metal Material:
Metal Material and it's usage in Artificial Lumbar Disc market includes surgical steel, titanium alloy, chromium (Cr), stainless steel grade 17-7 (Unsaturated Polyester Resin), cobalt-based alloys, nickel alloys and others. The metal material is used for manufacturing artificial lumbar discs that are intended to be implanted into the spinal column of patients suffering from lower back pain due to degenerative disc disease or low bone mass.
Application Insights:
The hospitals segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. This can be attributed to increasing number of surgeries, especially back surgery procedures. With growing geriatric population and rising incidences of low back pain, this segment is expected to grow significantly over the forecast period.
Ambulatory surgical centers are projected to exhibit fastest CAGR during the study period owing to rising awareness about low-back disorders among individuals aged 50 years and above as well as a rise in sports injuries requiring lumbar disc surgery. Increasing number of spondylolisthesis due largelyto an increase in age group susceptible towards this condition coupled with a rise in sports related injuries are some factors that may drive demand for ADLDs from ambulatory surgical centers over the next few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing number of surgical procedures, rising geriatric population, and high adoption of advanced technologies in this region. In addition, growing demand for minimally invasive surgeries is expected to further propel growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and growing medical tourism industry in countries such as India and China. Furthermore, increasing government initiatives towards quality healthcare services are projected to boost demand for artificial lumbar disc implants during the estimated time frame.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for artificial lumbar discs as they offer a better quality of life than traditional treatment methods for elderly patients with back pain.
- Rising incidence of back pain: Back pain is one of the most common medical problems, affecting around 80% of people at some point during their lives. It is also one of the leading causes of disability worldwide, resulting in lost productivity and increased healthcare costs. This growing problem is expected to drive demand for artificial lumbar discs as they are more effective than traditional treatment methods at relieving back pain symptoms.
- Technological advancements: The development and commercialization of new technologies such as 3D printing has led to significant advancements in the fieldof artificial lumbar disc replacement surgery, making it more affordable and accessible to patients worldwide .This technological progress is likelyto spur market growth overthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Artificial Lumbar Disc Market Research Report
By Type
Biopolymer Material, Metal Material
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
Globus Medical, DePuy Synthes, Stryker, AxioMed, Paradigm Spine, B.Braun Melsungen, NuVasive, Simplify Medical, Orthofix International, K2M, Medtronic
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Artificial Lumbar Disc Market Report Segments:
The global Artificial Lumbar Disc market is segmented on the basis of:
Types
Biopolymer Material, Metal Material
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, Ambulatory Surgical Centers
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:
- Globus Medical
- DePuy Synthes
- Stryker
- AxioMed
- Paradigm Spine
- B.Braun Melsungen
- NuVasive
- Simplify Medical
- Orthofix International
- K2M
- Medtronic
Highlights of The Artificial Lumbar Disc 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:
- Biopolymer Material
- Metal Material
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- 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 Lumbar Disc 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.
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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 lumbar discs are a type of medical device that are inserted into the lower back to help support the spine. They can be used to treat conditions such as low back pain, sciatica, and herniated disks.
Some of the major companies in the artificial lumbar disc market are Globus Medical, DePuy Synthes, Stryker, AxioMed, Paradigm Spine, B.Braun Melsungen, NuVasive, Simplify Medical, Orthofix International, K2M, Medtronic.
The artificial lumbar disc market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Artificial Lumbar Disc Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Artificial Lumbar Disc Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Artificial Lumbar Disc Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Artificial Lumbar Disc Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Artificial Lumbar Disc Market Size & Forecast, 2018-2028 4.5.1 Artificial Lumbar Disc Market Size and Y-o-Y Growth 4.5.2 Artificial Lumbar Disc Market Absolute $ Opportunity
Chapter 5 Global Artificial Lumbar Disc Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Artificial Lumbar Disc Market Size Forecast by Type
5.2.1 Biopolymer Material
5.2.2 Metal Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Artificial Lumbar Disc Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Artificial Lumbar Disc Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Artificial Lumbar Disc Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Artificial Lumbar Disc Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Artificial Lumbar Disc Analysis and Forecast
9.1 Introduction
9.2 North America Artificial Lumbar Disc Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Artificial Lumbar Disc Market Size Forecast by Type
9.6.1 Biopolymer Material
9.6.2 Metal Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Artificial Lumbar Disc Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Artificial Lumbar Disc Analysis and Forecast
10.1 Introduction
10.2 Europe Artificial Lumbar Disc Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Artificial Lumbar Disc Market Size Forecast by Type
10.6.1 Biopolymer Material
10.6.2 Metal Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Artificial Lumbar Disc Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Artificial Lumbar Disc Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Artificial Lumbar Disc Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Artificial Lumbar Disc Market Size Forecast by Type
11.6.1 Biopolymer Material
11.6.2 Metal Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Artificial Lumbar Disc Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Artificial Lumbar Disc Analysis and Forecast
12.1 Introduction
12.2 Latin America Artificial Lumbar Disc Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Artificial Lumbar Disc Market Size Forecast by Type
12.6.1 Biopolymer Material
12.6.2 Metal Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Artificial Lumbar Disc Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Artificial Lumbar Disc Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Artificial Lumbar Disc Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Artificial Lumbar Disc Market Size Forecast by Type
13.6.1 Biopolymer Material
13.6.2 Metal Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Artificial Lumbar Disc Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Artificial Lumbar Disc Market: Competitive Dashboard
14.2 Global Artificial Lumbar Disc Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Globus Medical
14.3.2 DePuy Synthes
14.3.3 Stryker
14.3.4 AxioMed
14.3.5 Paradigm Spine
14.3.6 B.Braun Melsungen
14.3.7 NuVasive
14.3.8 Simplify Medical
14.3.9 Orthofix International
14.3.10 K2M
14.3.11 Medtronic