The artificial cervical intervertebral disc market in Asia Pacific is expected to grow from US$ 369.24 million in 2022 to US$ 1,023.15 million by 2028. It is estimated to grow at a CAGR of 18.5% from 2021 to 2028.
With increasing manufacturing costs, medical device manufacturers struggle to generate enough revenue to please their investors. The emerging markets in developing economies are crucial in offering better and more lucrative growth opportunities to major players to expand their business and geographic reach. The treatment of orthopedic conditions has become simpler with the help of advanced medical technologies. Minimally invasive surgeries such as artificial cervical intervertebral disc replacement surgery have reduced the consumption of heavy-dose medicines. The adoption of these orthopedic surgeries is likely to increase in Asia Pacific.
The investment in the healthcare sector is more in Asia Pacific. Governments in this region are aggressively creating awareness regarding minimally invasive orthopedic surgeries through various initiatives. The healthcare expenditure in economies, such as India, China, and others, is growing, which has created many opportunities, thereby providing better services. These countries are witnessing an increase in adult and geriatric populations. Therefore, the incidences of orthopedic conditions are likely to increase. Also, there is a rise in the number of start-up companies operating in healthcare sectors in countries such as India and China.
In addition, the availability of technologically advanced infrastructure is likely to boost the local players in manufacturing advanced orthopedic products. Therefore, the market in developing countries is likely to show high growth potential over the next few years.
Asia Pacific Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Artificial Cervical Intervertebral Disc Market Segmentation
The Asia Pacific artificial cervical intervertebral disc market is analyzed on the basis of material, end user, and country. Based on material, the market has been bifurcated into biopolymer and metal. In 2022, the biopolymer material segment held a larger market share. Based on end user, the market is segmented into hospitals, ambulatory surgical centers, and others. In 2022, the hospitals segment held the largest market share.
Based on country, the Asia Pacific market is fragmented into Japan, China, India, Australia, South Korea, and the Rest of Asia Pacific. China will hold the largest market share by the end of 2022.
B. Braun Melsugen AG.; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; and Zimmer Biomet Holdings, Inc. are the leading companies in the Asia Pacific artificial cervical intervertebral disc market.
According to The Insight Partners’ research, the Asia Pacific artificial cervical intervertebral disc market was valued at US$ 369.24 million in 2022 and is expected to reach US$ 1,023.15 million by 2028, registering an annual growth rate of 18.5% from 2022 to 2028. Rising aging population and high market potential in developing economies are the critical factors attributed to the market expansion.
The aging process affects the cervical spine, neck, shoulders, upper back, and arms. Cervical spondylosis is a term for age-related wear and tear of the spinal disks in the neck. Cervical spondylosis is a common disease and worsens with age. With age, the vertebral discs that serve as shock absorbers gradually dry out and affect the strength. As per the Factsheet, Japan is another aging nation. The country’s 'super-aged' society is the oldest, with 28.7% of its population being 65 or older. Thus, the growing aging population is likely to increase the demand for artificial cervical intervertebral discs.
On the contrary, high cost of cervical intervertebral disc surgeries hurdles the growth of Asia Pacific artificial cervical intervertebral disc market.
The Asia Pacific artificial cervical intervertebral disc market, based on material, has been bifurcated into biopolymer material and metal material. The biopolymer material segment held 62.7% market share in 2022, amassing US$ 231.40 million. It is projected to garner US$ 634.47 million by 2028 to expand at 18.3% CAGR during 2022–2028.
The Asia Pacific artificial cervical intervertebral disc market based on end user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held 49.0% market share in 2022, amassing US$ 180.86 million. It is projected to garner US$ 505.72 million by 2028 to expand at 18.7% CAGR during 2022–2028.
Based on country, the Asia Pacific artificial cervical intervertebral disc market is fragmented into Japan, China, India, Australia, South Korea, and rest of Asia Pacific. Our regional analysis states that China captured 27.5% market share in 2022. It was assessed at US$ 101.50 million in 2022 and is likely to hit US$ 288.16 million by 2028, exhibiting a CAGR of 19.0% during the forecast period.
Key players dominating the Asia Pacific artificial cervical intervertebral disc market are B. Braun Melsugen AG.; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; and Zimmer Biomet Holdings, Inc. among others.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Artificial Cervical Intervertebral Disc Market – By Material
1.3.2 APAC Artificial Cervical Intervertebral Disc Market – By End User
1.3.3 APAC Artificial Cervical Intervertebral Disc Market – By Country
2. APAC Artificial Cervical Intervertebral Disc Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Artificial Cervical Intervertebral Disc Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 APAC– PEST Analysis
4.3 Expert Opinions
5. APAC Artificial Cervical Intervertebral Disc Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Incidences of Cervical Injuries
5.1.2 Rising Aging Population
5.2 Market Restraints
5.2.1 High Cost of Cervical Intervertebral Disc Surgeries
5.3 Market Opportunities
5.3.1 High Market Potential in Developing Economies
5.4 Future Trends
5.4.1 Growing Number of Product Approvals and Developments
5.5 Impact Analysis
6. Artificial Cervical Intervertebral Disc Market– APAC Analysis
6.1 APAC Artificial Cervical Intervertebral Disc Market Revenue Forecast and Analysis
6.1.1 Overview
7. APAC Artificial Cervical Intervertebral Disc Market Analysis – By Material
7.1 Overview
7.2 APAC Artificial Cervical Intervertebral Disc Market, By Material, 2022 & 2028 (%)
7.3 Biopolymer Material
7.3.1 Overview
7.3.2 Biopolymer Material: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
7.4 Metal Material
7.4.1 Overview
7.4.2 Metal Material: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Artificial Cervical Intervertebral Disc Market Analysis – By End User
8.1 Overview
8.2 APAC Artificial Cervical Intervertebral Disc Market Share by End User - 2022 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
8.4 Ambulatory Surgical Centres
8.4.1 Overview
8.4.2 Ambulatory Surgical Centres: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Artificial Cervical Intervertebral Disc Market– Country Analysis
9.1 APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028
9.1.1 Overview
9.1.2 APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Country (2022 & 2028)
9.1.2.1 Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.2 Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.1.3 Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.2.2 China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.2 China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.2.3 China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.2.3 India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.2 India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.3.3 India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.2.4 South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.1 South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.4.2 South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.4.3 South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.2.5 Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.1 Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.5.2 Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.5.3 Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.2.6 Rest of APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.1 Rest of APAC: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.6.2 Rest of APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
9.1.2.6.3 Rest of APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
10. APAC Artificial Cervical Intervertebral Disc Market – Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 Zimmer Biomet
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Globus Medical, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 NuVasive, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 ORTHOFIX MEDICAL INC.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 B. Braun Melsungen AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Medtronic
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES.
Table 1. APAC Artificial Cervical Intervertebral Disc Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 3. Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 4. China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 5. China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 6. India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 7. India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 8. South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 9. South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 10. Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 11. Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 12. Rest of APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Material (US$ Million)
Table 13. Rest of APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 14. Organic Developments in the APAC Artificial Cervical Intervertebral Disc Market
Table 15. Inorganic Developments in the APAC Artificial Cervical Intervertebral Disc Market
Table 16. Glossary of Terms, APAC Artificial Cervical Intervertebral Disc Market
LIST OF FIGURES.
Figure 1. APAC Artificial Cervical Intervertebral Disc Market Segmentation
Figure 2. APAC Artificial Cervical Intervertebral Disc Market – By Country
Figure 3. APAC Artificial Cervical Intervertebral Disc Market Overview
Figure 4. Biopolymer Material Held Largest Share by Material of APAC Artificial Cervical Intervertebral Disc Market
Figure 5. India to Show Significant Growth During Forecast Period
Figure 6. APAC PEST Analysis
Figure 7. APAC Artificial Cervical Intervertebral Disc Market Impact Analysis of Driver and Restraints
Figure 8. APAC Artificial Cervical Intervertebral Disc Market– Revenue Forecast and Analysis – 2022 - 2028
Figure 9. APAC Artificial Cervical Intervertebral Disc Market, by Material, 2022 & 2028 (%)
Figure 10. Biopolymer Material: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. Metal Material: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. APAC Artificial Cervical Intervertebral Disc Market Share by End User - 2022 & 2028 (%)
Figure 13. Hospitals: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Ambulatory Surgical Centers: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: APAC Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Artificial Cervical Intervertebral Disc Market Overview, by Country (2022)
Figure 17. APAC: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028, by Country (2022 & 2028)
Figure 18. Japan: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. China: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. India: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. South Korea: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Australia: Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of APAC: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)
