Market Overview:
The global lumbar disc replacement devices 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 spinal disorders, technological advancements in lumbar disc replacement devices, and rising demand for minimally invasive surgeries. Based on type, the global lumbar disc replacement devices market is segmented into metal-on-metal and metal-on-biopolymer implants. The metal-on-metal implant segment is expected to grow at a higher CAGR than the metal-on biopolymer implant segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as rising demand for durable implants and increasing awareness about benefits of using metal-on-metal implants over other types of implants. Based on application, the global lumbar disc replacement devices market is divided into hospitals and ambulatory surgical centers (ASCs).
Product Definition:
Lumbar disc replacement devices are medical implants used to replace a damaged or diseased lumbar disc. The devices are made of plastic, metal, or ceramic and are designed to replicate the function of a natural lumbar disc. Lumbar disc replacement is an alternative to spinal fusion surgery and is often recommended for patients with chronic back pain who have failed other treatments.
Metal-on-metal:
Metal-on-metal is a technology used to construct spinal interbody fusion devices. It is also used in the manufacturing of Lumbar Disc Replacement (LDR) devices. The metal on which the prosthesis will be mounted acts as a bone substitute and provides structural support to the spine while allowing normal body movement.
Metal-on-biopolymer:
Metal-on-biopolymer is a combination of metal and biopolymer, which enhances the mechanical properties of the final product. The most common example would be medical implants that are made by combining titanium with polymers such as Polyether Ether Ketone (PEEK). Metal on Biopolymer technology has been around for quite some time.
Application Insights:
On the basis of application, the global lumbar disc replacement devices market is segmented into hospitals and ambulatory surgical centers. The hospital segment dominated the market in 2017 owing to factors such as increasing number of surgeries being performed and rising prevalence of LBP. According to a study published by NCBI, around 60% - 80%of patients suffering from low back pain go for medical consultation due to acute onset of pain. Thus, an increase in incidence rate is expected to contribute towards growth over next few years.
The ambulatory surgical center segment is expected register highest CAGR during forecast period owing to growing awareness among individuals regarding availability of advanced treatments for lower back problems at relatively low cost as compared with hospitals.
Regional Analysis:
North America dominated the global market in 2017 owing to high demand for minimally invasive surgeries, rising prevalence of lumbar disc disease and increasing availability of highly advanced products. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies, growing awareness about benefits of surgery and rapid technological advancements.
Europe held a significant share in the global market in 2017 owing to an increase in number of patients suffering from lower back pain & related disorders coupled with rise in preference for ambulatory surgery centers. Asia Pacific is expected to grow at a lucrative rate during the forecast period due to factors such as economic development, improvement healthcare facilities & infrastructure along with increase medical tourism especially by patients from Japan, China & India thus contributing towards growth of this regional segment.
Growth Factors:
- Increasing incidence of back pain: The increasing incidence of back pain is one of the key growth drivers for the lumbar disc replacement devices market. According to a study by the American Chiropractic Association, around 31 million Americans suffer from low-back pain at any given time. This number is expected to increase in the coming years due to factors such as aging population, obesity, and sedentary lifestyle.
- Growing demand for minimally invasive procedures: The growing demand for minimally invasive procedures is another key growth driver for the lumbar disc replacement devices market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays and faster recoveries than traditional open surgeries. This has led to an increase in their popularity over the past few years.
- Technological advancements: The technological advancements in lumbar disc replacement devices are another major factor driving their growth worldwide. These advancements have resulted in newer and more advanced products that offer better outcomes for patients suffering from back pain or other spine-related conditions..
Scope Of The Report
Report Attributes
Report Details
Report Title
Lumbar Disc Replacement Devices Market Research Report
By Type
Metal-on-metal, Metal-on-biopolymer
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
AxioMed, Medtronic, B.Braun Melsungen, Stryker Corporation, J&J(DePuy Synthes), NuVasive, Paradigm Spine, Zimmer Biomet
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
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Lumbar Disc Replacement Devices Market Report Segments:
The global Lumbar Disc Replacement Devices market is segmented on the basis of:
Types
Metal-on-metal, Metal-on-biopolymer
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:
- AxioMed
- Medtronic
- B.Braun Melsungen
- Stryker Corporation
- J&J(DePuy Synthes)
- NuVasive
- Paradigm Spine
- Zimmer Biomet
Highlights of The Lumbar Disc Replacement Devices 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:
- Metal-on-metal
- Metal-on-biopolymer
- 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 Lumbar Disc Replacement Devices 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?
Lumbar disc replacement devices are medical implants that help to relieve pressure on the lower back. They are inserted into the lower back through a small incision and then secured in place with screws. The device helps to reduce pain and inflammation in the area, which can lead to improved mobility and quality of life.
Some of the major players in the lumbar disc replacement devices market are AxioMed, Medtronic, B.Braun Melsungen, Stryker Corporation, J&J(DePuy Synthes), NuVasive, Paradigm Spine, Zimmer Biomet.
The lumbar disc replacement devices 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 Lumbar Disc Replacement Devices 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 Lumbar Disc Replacement Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lumbar Disc Replacement Devices 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 Lumbar Disc Replacement Devices 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 Lumbar Disc Replacement Devices Market Size & Forecast, 2020-2028
4.5.1 Lumbar Disc Replacement Devices Market Size and Y-o-Y Growth
4.5.2 Lumbar Disc Replacement Devices Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Metal-on-metal
5.2.2 Metal-on-biopolymer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 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 Lumbar Disc Replacement Devices 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 Lumbar Disc Replacement Devices 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Metal-on-metal
9.6.2 Metal-on-biopolymer
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 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Metal-on-metal
10.6.2 Metal-on-biopolymer
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 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Metal-on-metal
11.6.2 Metal-on-biopolymer
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 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Metal-on-metal
12.6.2 Metal-on-biopolymer
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 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Metal-on-metal
13.6.2 Metal-on-biopolymer
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) 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 Lumbar Disc Replacement Devices Market: Competitive Dashboard
14.2 Global Lumbar Disc Replacement Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 AxioMed
14.3.2 Medtronic
14.3.3 B.Braun Melsungen
14.3.4 Stryker Corporation
14.3.5 J&J(DePuy Synthes)
14.3.6 NuVasive
14.3.7 Paradigm Spine
14.3.8 Zimmer Biomet
