Market Overview:
The global lumbar artificial disc 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 the field of artificial discs, and rising demand for minimally invasive surgeries. Based on type, the metal-based artificial discs are expected to dominate the global lumbar artificial disc market during the forecast period. This can be attributed to their high durability and longer life span as compared to biopolymer-based discs. However, biopolymer-based discs are expected to witness higher growth rates owing to their superior properties such as flexibility and bio compatibility. Based on application, hospitals are estimated account for a larger share of the global lumbar artificial disc market during 2018–2030 followed by ambulatory surgical centers (ASCs). Hospitals offer better reimbursement rates for implantable devices as compared ASCs which is driving its adoption among patients undergoing surgery for spine disorders.
Product Definition:
A lumbar artificial disc is a device surgically implanted in the lower back to replace a damaged or diseased spinal disc. The device is made of metal and plastic and is designed to mimic the movement of a healthy spinal disc.
Metal:
Lumbar disc degeneration is a common disorder that affects the aging population. The discs between the vertebrae deteriorate over time and cause back pain. This can be treated by replacing these discs with artificial ones made of metal or composite materials (a combination of natural rubber, plastic, ceramic material & metals).
Biopolymer:
A biopolymer is a living material that replicates biological processes such as cell division and tissue formation. Biopolymers are used to produce artificial discs for the spine. The most commonly used type of biopolymer is Polyethylene Terephthalate (PET), which provides good mechanical properties, low biofouling potential, and high thermal stability.
The global lumbar disc market size was valued at USD 2 billion in 2014.
Application Insights:
On the basis of application, the global lumbar artificial disc market is segmented into hospitals and ambulatory surgical centers. The hospital segment dominated the market in 2017 owing to increasing number of surgeries and rising prevalence of LAD injuries. According to a study published by NCBI, around 5-10% patients suffer from low back pain each year but only 1-3% seek medical consultation regarding it. Thus, majority of people suffering from low back pain do not go for medical consultation due to social pressure and denial/minimization of symptoms by doctors & other healthcare professionals. This leads to underdiagnosis and improper treatment which eventually results in high cost associated with it which encourages manufacturers for developing affordable products for these types of conditions as well as develop new products specifically designed for this purpose such as portable devices that can be used at home or while traveling etc., thereby driving the growth rate higher over forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing cases of spinal surgeries, rising geriatric population, and high adoption of lumbar fusion devices. In addition, growing number of reimbursement for spine surgeries is also one of the major factors contributing toward regional growth.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to improving healthcare infrastructure and rising patient awareness about advanced technologies such as artificial disc replacement surgery.
Growth Factors:
- Increasing geriatric population: The global geriatric population is increasing at a rapid pace and this is expected to drive the demand for lumbar artificial discs in the coming years.
- Rising incidence of back pain: Back pain is one of the most common medical conditions and its incidence is rising rapidly across the world. This is likely to boost demand for lumbar artificial discs in the near future.
- Growing awareness about benefits of lumbar artificial discs: There has been a growing awareness about the benefits of using lumbar artificial discs among patients suffering from back pain and this is likely to propel market growth in the coming years.
- Technological advancements: The development of new technologies that can improve outcomes after surgery has led to an increase in adoption rates for lumbar artificial disc implants globally, thereby propelling market growth over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lumbar Artificial Disc Market Research Report
By Type
Metal, Biopolymer
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
AxioMed, Simplify Medical, K2M, Spinal Kinetics, Globus Medical, Johnson & Johnson, B. Braun Melsungen, Zimmer Biomet Holdings, Medtronic, LDR Holdings, NuVasive
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lumbar Artificial Disc Market Report Segments:
The global Lumbar Artificial Disc market is segmented on the basis of:
Types
Metal, 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
- Simplify Medical
- K2M
- Spinal Kinetics
- Globus Medical
- Johnson & Johnson
- B. Braun Melsungen
- Zimmer Biomet Holdings
- Medtronic
- LDR Holdings
- NuVasive
Highlights of The Lumbar Artificial 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:
- Metal
- 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 Artificial 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?
A lumbar artificial disc is a type of medical device that helps support the lower back. It is made from plastic and metal and fits around the lower back between the spine and hips. The disc helps to reduce pressure on other parts of the body, such as the spinal cord, which can help prevent pain or injury.
Some of the major companies in the lumbar artificial disc market are AxioMed, Simplify Medical, K2M, Spinal Kinetics, Globus Medical, Johnson & Johnson, B. Braun Melsungen, Zimmer Biomet Holdings, Medtronic, LDR Holdings, NuVasive.
The lumbar artificial disc market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lumbar Artificial Disc 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. Lumbar Artificial Disc Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lumbar Artificial Disc Market - Supply Chain
4.5. Global Lumbar Artificial Disc Market Forecast
4.5.1. Lumbar Artificial Disc Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lumbar Artificial Disc Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lumbar Artificial Disc Market Absolute $ Opportunity
5. Global Lumbar Artificial Disc 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. Lumbar Artificial Disc Market Size and Volume Forecast by Type
5.3.1. Metal
5.3.2. Biopolymer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lumbar Artificial Disc 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. Lumbar Artificial Disc Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Ambulatory Surgical Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lumbar Artificial Disc 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. Lumbar Artificial Disc 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 Lumbar Artificial Disc 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. Lumbar Artificial Disc 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 Lumbar Artificial Disc Demand Share Forecast, 2019-2026
9. North America Lumbar Artificial Disc 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 Lumbar Artificial Disc 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 Lumbar Artificial Disc Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Ambulatory Surgical Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lumbar Artificial Disc Market Size and Volume Forecast by Type
9.7.1. Metal
9.7.2. Biopolymer
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 Lumbar Artificial Disc Demand Share Forecast, 2019-2026
10. Latin America Lumbar Artificial Disc 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 Lumbar Artificial Disc 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 Lumbar Artificial Disc Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Ambulatory Surgical Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lumbar Artificial Disc Market Size and Volume Forecast by Type
10.7.1. Metal
10.7.2. Biopolymer
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 Lumbar Artificial Disc Demand Share Forecast, 2019-2026
11. Europe Lumbar Artificial Disc 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 Lumbar Artificial Disc 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 Lumbar Artificial Disc Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lumbar Artificial Disc Market Size and Volume Forecast by Type
11.7.1. Metal
11.7.2. Biopolymer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractivness/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 Lumbar Artificial Disc Demand Share, 2019-2026
12. Asia Pacific Lumbar Artificial Disc 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 Lumbar Artificial Disc 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 Lumbar Artificial Disc Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lumbar Artificial Disc Market Size and Volume Forecast by Type
12.7.1. Metal
12.7.2. Biopolymer
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 Lumbar Artificial Disc Demand Share, 2019-2026
13. Middle East & Africa Lumbar Artificial Disc 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 Lumbar Artificial Disc 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 Lumbar Artificial Disc Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Ambulatory Surgical Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lumbar Artificial Disc Market Size and Volume Forecast by Type
13.7.1. Metal
13.7.2. Biopolymer
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 Lumbar Artificial Disc Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lumbar Artificial Disc Market: Market Share Analysis
14.2. Lumbar Artificial Disc Distributors and Customers
14.3. Lumbar Artificial Disc Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AxioMed
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Simplify Medical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. K2M
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Spinal Kinetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Globus Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Johnson & Johnson
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. B. Braun Melsungen
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Zimmer Biomet Holdings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medtronic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LDR Holdings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NuVasive
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
