Total Disc Replacement Market–Global Industry Insights,Trends,Outlook,and Opportunity Analysis,2017–2025


Posted March 25, 2021 by akshay925

Total disc replacement is a type of back/spine surgery that involves replacing a damaged or degenerated disc with an artificial replacement device in the lumbar or cervical region.

 
Total disc replacement is a type of back/spine surgery that involves replacing a damaged or degenerated disc with an artificial replacement device in the lumbar or cervical region. This surgery involves implanting an artificial disc into the spine to perform similar functions as that of normal disc in the human body. Prostheses aids in maintaining spinal curvature and improving flexibility, while reducing or possibly eliminating pain. Active reconstruction of a degenerative functional spinal unit is a rapidly growing field in the total disc replacement market.

Increasing incidence of spinal disorders and increasing awareness among patients regarding disc replacement is expected to significantly increase growth of the total disc replacement market. The benefits of minimally invasive surgery procedures have significantly contributed to the growing demand for procedures with less tissue disruption of the vertebrae, in turn boosting growth of the total disc replacement market.

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Market Dynamics

The total disc replacement market is mainly driven by growing geriatric population and increasing prevalence of rheumatoid and osteoarthritis across the globe. The market has witnessed high growth, owing to an increased awareness for total disc replacement procedures, advent of sophisticated diagnostic tools and techniques, and rising patient pool. Other conducive factors such as rising healthcare expenditure and growth in spine care surgery centers are projected to drive growth of the market for total disc replacement in foreseeable future.

However, growth of the global disc replacement market is hindered by reimbursement challenges, and high cost of implants. Additionally, lack of trained healthcare workers, increasing spontaneous fusion of implant over time, limitations in restoring disturbed curvatures, and increasing popularity of intraoperative technology are some of the factors restraining growth of total disc replacement market.

Regional Scenario

North America holds a dominant position in the market for total disc replacement, followed by Europe and Asia Pacific, respectively. Asia Pacific is projected to be the fastest-growing market, owing to developing medical infrastructure, increased spending on health care, medical literacy, and growing medical tourism in emerging economies such as China and India. In North America, the total disc replacement market growth is considerably high in the U.S. and Mexico, as compared to other countries due to advanced technology, highest prevalence of bone-related disorders, robust healthcare infrastructure, good economic conditions, favorable reimbursement scenario, and increased awareness among the populace.

Competitive Scenario

The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. Following are the major key players in the market:

Stryker Corporation, De Puy Spine, Inc., Smith & Nephew Plc., Medtronic, Globus Medical, Zimmer Biomet, NuVasive, Inc., Alphatec Spine, Inc., Stryker Corporation, and Aesculap Implant Systems are some of the major players in the global total disc replacement market.

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Key Development

In October 2019, Xtant Medical Holdings, Inc. has launched three new spinal implants two cervical interbody spacers and one plasma coated PEEK implant.
In September 2019, DePuy Synthes, a subsidiary of Johnson & Johnson Medical Devices has launched CONDUIT Interbody platform with EIT cellular titanium technology, 3d printed implant portfolio for spine surgery
In September 2019, Zimmer Biomet Holdings, Inc. launched Mobi-C Cervical Disc for cervical total disc replacement (cTDR) in Japan.
In February 2019, Orthofix Medical Inc. received U.S. Food and Drug Administration (FDA) for its M6-C artificial cervical disc.
In 2018, Orthofix International N.V. entered into definitive agreement to acquire Spinal Kinetics Inc., a developer and manufacturer of artificial and lumbar disc.
Total Disc Replacement Market Taxonomy

The global total disc replacement market is segmented on the basis of product type, material, end user and region.

By Product Type:

Cervical Discs Implant
Lumbar Discs Implant
By Material:

Metal on Biopolymer Discs
Metal on Metal Discs
By End User:

Hospitals
Orthopedic Clinics
By Region

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

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Last Updated March 25, 2021