North America Artificial Cervical Intervertebral Disc Market Forecast to 2028 – COVID

North America Artificial Cervical Intervertebral Disc Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Biopolymer Material and Metal Material) and End User (Hospitals, Ambulatory Surgical Centers, and Others)

Report Code : BMIRE00025523 | Region : North America | Industry : Medical Device | Published Date : 10/Aug/2022

North America's artificial cervical intervertebral disc market is expected to grow from US$ 572.89 million in 2022 to US$ 1,557.82 million by 2028. It is estimated to grow at a CAGR of 18.1% from 2021 to 2028.

Trauma is the major contributor to cervical injuries, including vehicle accidents, penetrating or blunt trauma, falls, and sports or diving injuries. As per the study "Estimating the number of traffic crash-related cervical spine injuries in the US; an analysis and comparison of the national crash and hospital data" published in 2020, in the US, ~869,000 traffic crash-related cervical spine injuries are observed in hospitals annually, of which ~841,000 are sprain/strain (whiplash) injuries, 2800 are spinal disk injuries, 23,500 are fractures, 2800 are spinal cord injuries, and 1500 dislocations.

Further, most sports injuries are orthopedic, including strains, sprains, fractures, broken ligaments, pain, and swelling; these may be acute or chronic. According to Stanford Children's Health, approximately 30 million youth and children in the US play sports annually, and more than 3.5 million sports-related injuries are reported yearly. A cervical fracture results from high-energy trauma, such as a fall in gymnastics, hockey, football, or diving. The incidence of fractures is high in athletes. As per the Spinal Cord Injury Facts and Figures at a Glance, 2020, in the US, approximately 7.8% of the total spinal cord injuries (SCI) are due to sports.

According to the US Consumer Product Safety Commission (CPSC), in 2018, approximately 23,720 neck fractures were treated at US hospital emergency rooms. Of which, ~3194 fractures were due to sports. The incidence of sports injuries increases with increased participation in sports and active participation in fitness activities due to the growing focus on healthy living. Additionally, as per the National Spinal Cord Injury Statistical Center, diving is the fifth leading cause of severe cervical spinal cord injury. Therefore, the demand for the artificial cervical intervertebral disc is increasing due to rising cervical injuries.

North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

North America Artificial Cervical Intervertebral Disc Market Segmentation

The North America 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 North America market is fragmented into the US, Canada, and Mexico. The US will hold the largest share of this regional market by the end of 2022.

AxioMed LLC; B. Braun Melsugen AG.; Centinel Spine, LLC; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; Synergy Spine Solutions, Inc.; and Zimmer Biomet Holdings, Inc. are the leading companies in the market.

At 18.1% CAGR, the North America Artificial Cervical Intervertebral Disc Market is speculated to be worth US$ 1,557.82 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the North America artificial cervical intervertebral disc market was valued at US$ 572.89 million in 2022 and is expected to reach US$ 1,557.82 million by 2028, registering an annual growth rate of 18.3% from 2022 to 2028. Rising aging population and increasing incidences of cervical injuries 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. As per the American Academy of Orthopaedic Surgeons, over 85% of people more than 60 years of age are affected by cervical spondylosis. With age, the vertebral discs that serve as shock absorbers gradually dry out and affect the strength. As per the Factsheet, the number of Americans aging 65 and older in 2018 is estimated to double from 52 million to 95 million by 2060. It is also estimated that the 65-and-older age groups will rise from 16% to 23%. 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 North America artificial cervical intervertebral disc market.

The North America artificial cervical intervertebral disc market, based on material, has been bifurcated into biopolymer material and metal material. The biopolymer material segment held 63.2% market share in 2022, amassing US$ 362.20 million. It is projected to garner US$ 974.75 million by 2028 to expand at 17.9% CAGR during 2022–2028.

The North America artificial cervical intervertebral disc market based on end user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held 48.8% market share in 2022, amassing US$ 279.62 million. It is projected to garner US$ 767.30 million by 2028 to expand at 18.3% CAGR during 2022–2028.

Based on country, the North America artificial cervical intervertebral disc market is fragmented into the US, Canada, and Mexico. Our regional analysis states that US captured 78.5% market share in 2022. It was assessed at US$ 449.75 million in 2022 and is likely to hit US$ 1,232.39 million by 2028, exhibiting a CAGR of 18.3% during the forecast period.

Key players dominating the North America artificial cervical intervertebral disc market are AxioMed LLC; B. Braun Melsugen AG.; Centinel Spine, LLC; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; Orthofix Medical, Inc.; Synergy Spine Solutions, Inc.; and Zimmer Biomet Holdings, Inc. among others.

In Dec 2021, AxioMed viscoelastic lumbar and cervical artificial disc replacements are widely anticipated in the USA and internationally as a significant advance in artificial disc replacement technology. The company stands as the only viscoelastic total disc replacement to complete a US IDE Clinical study in the USA and will be only one of three discs expected to be on the market in 2022. Over 3,700 pages of Module I documents was submitted to the FDA at the end of October 2021. The clinical data was robust, with no reported device-related failures, revisions, and rare cases of heterotopic bone formation In Aug 2021, Orthofix Medical’s first patient implant in a U.S. Food and Drug Administration (FDA) IDE clinical study that evaluated the safety and effectiveness of the M6-C artificial cervical disc compared to anterior cervical discectomy and fusion (ACDF) for the treatment of contiguous two-level symptomatic cervical radiculopathy.

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 North America Artificial Cervical Intervertebral Disc Market – By Material

1.3.2 North America Artificial Cervical Intervertebral Disc Market – By End User

1.3.3 North America Artificial Cervical Intervertebral Disc Market – By Country

2. North America Artificial Cervical Intervertebral Disc Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Artificial Cervical Intervertebral Disc Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.3 Expert Opinions

5. North America 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– North America Analysis

6.1 North America Artificial Cervical Intervertebral Disc Market Revenue Forecast and Analysis

6.1.1 Overview

7. North America Artificial Cervical Intervertebral Disc Market Analysis – By Material

7.1 Overview

7.2 North America Artificial Cervical Intervertebral Disc Market, By Material, 2022 & 2028 (%)

7.3 Biopolymer Material

7.3.1 Overview

7.3.2 Biopolymer Material: North America 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: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

8. North America Artificial Cervical Intervertebral Disc Market Analysis – By End User

8.1 Overview

8.2 North America Artificial Cervical Intervertebral Disc Market Share by End User - 2022 & 2028 (%)

8.3 Hospitals

8.3.1 Overview

8.3.2 Hospitals: North America 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: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

8.5 Others

8.5.1 Overview

8.5.2 Others: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

9. North America Artificial Cervical Intervertebral Disc Market– Country Analysis

9.1 North America: Artificial Cervical Intervertebral Disc Market

9.1.1 Overview

9.1.3 North America: Artificial Cervical Intervertebral Disc Market, by Country, 2022 & 2028 (%)

9.1.3.1 US: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1.1 US: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1.2 US: Artificial Cervical Intervertebral Disc Market, by Material, 2019–2028 (US$ Million)

9.1.3.1.3 US: Artificial Cervical Intervertebral Disc Market, by End User, 2019–2028 (US$ Million)

9.1.3.2 Canada: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.2.1 Canada: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.2.2 Canada: Artificial Cervical Intervertebral Disc Market, by Material, 2019–2028 (US$ Million)

9.1.3.2.3 Canada: Artificial Cervical Intervertebral Disc Market, by End User, 2019–2028 (US$ Million)

9.1.3.3 Mexico: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.1 Mexico: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.2 Mexico: Artificial Cervical Intervertebral Disc Market, by Material, 2019–2028 (US$ Million)

9.1.3.3.3 Mexico: Artificial Cervical Intervertebral Disc Market, by End User, 2019–2028 (US$ Million)

10. North America 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 AxioMed LLC

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 Globus Medical, 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 NuVasive, 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 Synergy Spine Solutions Inc.

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 ORTHOFIX MEDICAL INC.

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

11.7 B. Braun Melsungen AG

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Centinel Spine, LLC

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Medtronic

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary of Terms

LIST OF TABLES.

Table 1.             North America Artificial Cervical Intervertebral Disc Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Artificial Cervical Intervertebral Disc Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 4.             Canada: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada Artificial Cervical Intervertebral Disc Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 6.             Mexico: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Mexico Artificial Cervical Intervertebral Disc Market, by End User– Revenue and Forecast to 2028 (US$ Million)

Table 8.             Organic Developments in the North America Artificial Cervical Intervertebral Disc Market

Table 9.             Inorganic Developments in the North America Artificial Cervical Intervertebral Disc Market

Table 10.          Glossary of Terms, North America Artificial Cervical Intervertebral Disc Market

LIST OF FIGURES.

Figure 1.           North America Artificial Cervical Intervertebral Disc Market Segmentation

Figure 2.           North America Artificial Cervical Intervertebral Disc Market – By Country

Figure 3.           North America Artificial Cervical Intervertebral Disc Market Overview

Figure 4.           Biopolymer Material Held Largest Share by Material of North America Artificial Cervical Intervertebral Disc Market

Figure 5.           US to Show Significant Growth During Forecast Period

Figure 6.           North America PEST Analysis

Figure 7.           North America Artificial Cervical Intervertebral Disc Market Impact Analysis of Driver and Restraints

Figure 8.           North America Artificial Cervical Intervertebral Disc Market– Revenue Forecast and Analysis – 2022 - 2028

Figure 9.           North America Artificial Cervical Intervertebral Disc Market, by Material, 2022 & 2028 (%)

Figure 10.        Biopolymer Material: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Metal Material: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

Figure 12.        North America Artificial Cervical Intervertebral Disc Market Share by End User - 2022 & 2028 (%)

Figure 13.        Hospitals: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Ambulatory Surgical Centers: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: North America Artificial Cervical Intervertebral Disc Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America: Artificial Cervical Intervertebral Disc Market, by Key Country – Revenue (2022) (US$ Million)

Figure 17.        North America: Artificial Cervical Intervertebral Disc Market, by Country, 2022 & 2028 (%)

Figure 18.        US: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Canada: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Mexico: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - North America Artificial Cervical Intervertebral Disc Market

● AxioMed LLC

● B. Braun Melsugen AG.

● Centinel Spine, LLC

● Globus Medical, Inc.

● Medtronic

● NuVasive, Inc.

● Orthofix Medical, Inc.

● Synergy Spine Solutions, Inc.

● Zimmer Biomet Holdings, Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Artificial Cervical Intervertebral Disc Market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America Artificial Cervical Intervertebral Disc Market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Artificial Cervical Intervertebral Disc Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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