Lumbar Disc Replacement Device Market

Lumbar Disc Replacement Device Market, By Material, By End User, By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Lumbar disc replacement is a surgical procedure performed in patients with lower back pain. In this procedure, the damaged disc material between the small bones in the spine (vertebrae) is removed and replaced with a synthetic disk at the lumbar region. Lumbar disc replacement is a surgical alternative to fusion surgery for the treatment of lumbar degenerative disc disease. According to NCBI (National Center for Biotechnology Information) data, long-term satisfactory results of lumbar disc replacement is registered in the U.S. Even though the implantation rate of lumbar disc replacement is not increased in the last decade. The major challenges of lumbar disc replacement include surgical techniques and fear among patients of late spinal complications over time. According to the same data source, the total cost of low-back pain in the U.S. exceeds US$100 billion per year. Such high expenditure on low back pain is expected to provide huge market opportunities for key players operating in the market. Fusion permanently joins 2 vertebrae together. Lumbar disk replacement is a major surgery that requires general anesthesia and a hospital stay. A lumbar disc replacement device is a form of surgery that includes replacing a damaged or deteriorated disc in the lumbar with an artificial lumbar disc replacement device. The problematic lumbar disc is removed during the treatment and replaced with an artificial disc designed to maintain natural spine movement.

Market Dynamics

High incidence of spinal cord injuries due to the increase in road accidents is expected to drive the growth of global lumbar disc replacement device market. Whereas, increasing advancements in products and ongoing research by companies are expected to propel the growth of the market over the forecast period. For instance, on June 06, 2023, according to the National Spinal Cord Injury Statistical Center, in 2020, the annual incidence of traumatic spinal cord injury (tSCI) is approximately 54 cases per one million people in the U.S., which equals about 18,000 new tSCI cases each year. New tSCI cases do not include those who die at the location of the incident that caused the tSCI.

Key features of the study:

• This report provides in-depth analysis of the global lumbar disc replacement device market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global lumbar disc replacement device market based on the following parameters–company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study are AxioMed LLC., Medtronic, B. Braun SE, DePuy Synthes, NuVasive, Inc., Paradigm Spine LLC., Zimmer Biomet, Centinel Spine, LLC., Aesculap, Inc., Orthofix US LLC., and SYNERGY SPINE SOLUTIONS INC.
• Insights from this report will allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global lumbar disc replacement device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lumbar disc replacement device market

Detailed Segmentation:

• Global Lumbar Disc Replacement Device Market, By Material:
• Metal-on-metal
• Metal-on-biopolymer
• Global Lumbar Disc Replacement Device Market, By End User:
• Hospitals
• Ambulatory Surgical Centers
• Global Lumbar Disc Replacement Device Market, By Region:
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• South Africa
• Central Africa
• North Africa
• Company Profiles
• AxioMed LLC.
• Medtronic
• Braun SE
• DePuy Synthes
• NuVasive, Inc.
• Paradigm Spine LLC.
• Zimmer Biomet
• Centinel Spine, LLC.
• Aesculap, Inc.
• Orthofix US LLC.
• SYNERGY SPINE SOLUTIONS INC.