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Artificial Disc Market
Artificial Disc Market Market Research Report – Segmented By Disc Type (Cervical Artificial Disc, Lumbar Artificial Disc), By Material Type (Metal on Metal, Metal on Polymer) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.
Table of contents
- Executive Summary
- Market Overview
- Industry Analysis
- Market Analysis
- By Disc Type
- By Material Type
- North America
- Europe
- Asia-Pacific
- Middle-East & Africa
- Latin America
- Company Analysis
- Competitive Analysis
- Research Methodology
- Appendix
Executive Summary
Artificial Disc Market was valued at US $1,093.78 million in 2021 and is projected to grow at 20.86% CAGR over the forecast period to reach US $3,408.82 million by 2027. Artificial Disc Market represented US $344.97 million opportunity over 2019-2021 and estimated to create US $2,315.05 million opportunity in 2027 over 2021.
Artificial Disc from Consainsights analyses the Artificial Disc Market in the Life Sciences industry over the forecast period to 2027.
Artificial Disc research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.
Artificial Disc segmentation includes Disc Type, Material Type and Geography.
Based on the Disc Type, the Artificial Disc analysis covers Cervical Artificial Disc, Lumbar Artificial Disc.
In Disc Type segment, Cervical Artificial Disc segment has highest cagr growth of 18.34%.
Based on the Material Type, the Artificial Disc analysis covers Metal on Metal, Metal on Polymer.
In Material Type segment, Metal on Metal segment has highest cagr growth of 18.34%.
Based on the region, the Artificial Disc analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.
Key companies operating in the market include Globus Medical, Zimmer Biomet, B. Braun Melsungen, Centinel Spine, LLC, Medtronic PLC, AxioMed LLC, RTI Surgical Holdings, Inc, NuVasive Inc, Orthofix Medical Inc, K2M, Inc and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.
Market Overview
Definition & Scope
The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.
The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.
The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.
Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.
Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.
As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.
Currency, Year & Forecast
The currency used in this report is USD, with the market size indicated in terms of USD million/billion.
For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.
For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.
Disc Type
Introduction
In 2021, Cervical Artificial Disc segment has the highest revenue of US $845.88 million and is expected to grow at CAGR of 18.34% by 2027 Cervical Artificial Disc segment has highest cagr growth of 18.34%.
Cervical Artificial Disc
Cervical Artificial Disc segment was valued at US $579.09 million in 2019 and is projected to grow at 18.34% CAGR over the forecast period to reach US $2,636.23 million by 2027. Cervical Artificial Disc segment represented US $266.78 million opportunity over 2019-2021 and estimated to create US $1,790.35 million opportunity in 2027 over 2021.
Lumbar Artificial Disc
Lumbar Artificial Disc segment was valued at US $169.71 million in 2019 and is projected to grow at 18.34% CAGR over the forecast period to reach US $772.59 million by 2027. Lumbar Artificial Disc segment represented US $78.19 million opportunity over 2019-2021 and estimated to create US $524.69 million opportunity in 2027 over 2021.
Material Type
Introduction
In 2021, Metal on Metal segment has the highest revenue of US $827.09 million and is expected to grow at CAGR of 18.34% by 2027 Metal on Metal segment has highest cagr growth of 18.34%.
Metal on Metal
Metal on Metal segment was valued at US $566.23 million in 2019 and is projected to grow at 18.34% CAGR over the forecast period to reach US $2,577.69 million by 2027. Metal on Metal segment represented US $260.86 million opportunity over 2019-2021 and estimated to create US $1,750.60 million opportunity in 2027 over 2021.
Metal on Polymer
Metal on Polymer segment was valued at US $182.57 million in 2019 and is projected to grow at 18.34% CAGR over the forecast period to reach US $831.14 million by 2027. Metal on Polymer segment represented US $84.11 million opportunity over 2019-2021 and estimated to create US $564.45 million opportunity in 2027 over 2021.