South & Central America Artificial Cervical Intervertebral Disc Market Forecast to 2028 – COVID

South & Central 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 : BMIRE00025528 | Region : LAMEA | Industry : Medical Device | Published Date : 10/Aug/2022

The artificial cervical intervertebral disc market in South & Central America is expected to grow from US$ 107.89 million in 2022 to US$ 279.70 million by 2028; it is estimated to grow at a CAGR of 17.2% from 2021 to 2028.

Companies in the artificial cervical intervertebral disc market are undertaking many research and development activities to introduce innovative products. The new replacement therapies enable the adoption of advanced technologies, strengthening the procedural outcomes. For instance, in April 2021, UD FDA approved NuVasive Simplify Cervical Artificial Disc for two-level cervical total disc replacement (cTDR).

Additionally, in August 2020, Orthofix Medical Inc., a global medical device company focused on musculoskeletal products and therapies, received the US Food and Drug Administration (US FDA) approval for its M6-C artificial cervical disc for patients suffering from cervical disc degeneration. The M6-C artificial cervical disc, a next-generation artificial disc, is developed to replace an intervertebral disc damaged by cervical disc degeneration, which also restores physiologic motion to the spine. Moreover, in May 2018, Zimmer Biomet received approval from the Japan Ministry of Health, Labour and Welfare (MHLW) for its Mobi-C Cervical Disc for cervical total disc replacement (cTDR). Mobi-C is the first cervical disc prosthesis approved by the US FDA to reconstruct a cervical disc at one and two levels (C3-C7). Such robust developments are likely to reshape the artificial cervical intervertebral disc market during the forecast period.

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

South & Central America Artificial Cervical Intervertebral Disc Market Segmentation

The South & Central 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 market is fragmented into Brazil, Argentina, and the Rest of South & Central America. Brazil 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 South & Central America artificial cervical intervertebral disc market.

At 17.2% CAGR, the South & Central America Artificial Cervical Intervertebral Disc Market is speculated to be worth US$ 279.70 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South & Central America artificial cervical intervertebral disc market was valued at US$ 107.89 million in 2022 and is expected to reach US$ 279.70 million by 2028, registering an annual growth rate of 17.2% from 2022 to 2028. Increasing incidences of cervical injuries and growing number of product approvals and developments are the critical factors attributed to the market expansion.

Trauma is the major contributor to cervical injuries, including vehicle accidents, penetrating or blunt trauma, falls, and sports or diving injuries. Further, most sports injuries are orthopedic injuries, including strains, sprains, fractures, broken ligaments, pain, and swelling; these may be acute or chronic. 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. Therefore, the demand for the artificial cervical intervertebral disc is increasing due to the rising incidences of cervical injuries.

On the contrary, high cost of cervical intervertebral disc surgeries hurdles the growth of South & Central America artificial cervical intervertebral disc market.

The South & Central America artificial cervical intervertebral disc market, based on material, has been bifurcated into biopolymer material and metal material. The biopolymer material segment held 62.2% market share in 2022, amassing US$ 67.14 million. It is projected to garner US$ 172.24 million by 2028 to expand at 17.0% CAGR during 2022–2028.

The South & Central America artificial cervical intervertebral disc market based on end user is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment held 49.1% market share in 2022, amassing US$ 53.00 million. It is projected to garner US$ 138.69 million by 2028 to expand at 17.4% CAGR during 2022–2028.

Based on country, the South & Central America artificial cervical intervertebral disc market is fragmented into Brazil, Argentina, and rest of South & Central America. Our regional analysis states that Brazil captured 58.8% market share in 2022. It was assessed at US$ 63.42 million in 2022 and is likely to hit US$ 168.15 million by 2028, exhibiting a CAGR of 17.6% during the forecast period.

Key players dominating the South & Central America 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 South & Central America Artificial Cervical Intervertebral Disc Market – By Material

1.3.2 South & Central America Artificial Cervical Intervertebral Disc Market – By End User

1.3.3 South & Central America Artificial Cervical Intervertebral Disc Market – By Country

2. South & Central America Artificial Cervical Intervertebral Disc Market – Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. South & Central America Artificial Cervical Intervertebral Disc Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 South & Central America– PEST Analysis

4.3 Expert Opinions

5. South & Central 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– South & Central America Analysis

6.1 South & Central America Artificial Cervical Intervertebral Disc Market Revenue Forecast and Analysis

6.1.1 Overview

7. South & Central America Artificial Cervical Intervertebral Disc Market Analysis – By Material

7.1 Overview

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

7.3 Biopolymer Material

7.3.1 Overview

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

8. South & Central America Artificial Cervical Intervertebral Disc Market Analysis – By End User

8.1 Overview

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

8.3 Hospitals

8.3.1 Overview

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

8.5 Others

8.5.1 Overview

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

9. South & Central America Artificial Cervical Intervertebral Disc Market– Country Analysis

9.1 South and Central America: Artificial Cervical Intervertebral Disc Market

9.1.1 Overview

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

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

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

9.1.3.1.2 Brazil: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

9.1.3.1.3 Brazil: Artificial Cervical Intervertebral Disc Market, by End User – Revenue and Forecast to 2028 (US$ Million)

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

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

9.1.3.2.2 Argentina: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

9.1.3.2.3 Argentina: Artificial Cervical Intervertebral Disc Market, by End User – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3 Rest of South & Central America: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.1 Rest of South & Central America: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.2 Rest of South & Central America: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

9.1.3.3.3 Rest of South & Central America: Artificial Cervical Intervertebral Disc Market, by End User – Revenue and Forecast to 2028 (US$ Million)

10. South & Central 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 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.             South & Central America Artificial Cervical Intervertebral Disc Market –Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

Table 6.             Rest of South & Central America: Artificial Cervical Intervertebral Disc Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 7.             Rest of South & Central America: Artificial Cervical Intervertebral Disc Market, by End User - Revenue and Forecast to 2028 (US$ Million)

Table 8.             Organic Developments in the South & Central America Artificial Cervical Intervertebral Disc Market

Table 9.             Inorganic Developments in the South & Central America Artificial Cervical Intervertebral Disc Market

Table 10.          Glossary of Terms, South & Central America Artificial Cervical Intervertebral Disc Market

LIST OF FIGURES.

Figure 1.           South & Central America Artificial Cervical Intervertebral Disc Market Segmentation

Figure 2.           South & Central America Artificial Cervical Intervertebral Disc Market – By Country

Figure 3.           South & Central America Artificial Cervical Intervertebral Disc Market Overview

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

Figure 5.           Brazil to Show Significant Growth During Forecast Period

Figure 6.           South & Central America PEST Analysis

Figure 7.           South & Central America Artificial Cervical Intervertebral Disc Market Impact Analysis of Driver and Restraints

Figure 8.           South & Central America Artificial Cervical Intervertebral Disc Market– Revenue Forecast and Analysis – 2020 - 2028

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

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

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

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

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

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

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

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

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

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

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

Figure 20.        Rest of South & Central America: Artificial Cervical Intervertebral Disc Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - South and Central America Artificial Cervical Intervertebral Disc Market

● B. Braun Melsugen AG.

● Globus Medical, Inc.

● Medtronic

● NuVasive, Inc.

● Orthofix Medical, 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 South & Central 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 South & Central 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 South & Central 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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