Global Artificial Discs Industry

Global Artificial Discs Industry

  • July 2020 •
  • 127 pages •
  • Report ID: 5895873 •
  • Format: PDF
Global Artificial Discs Market to Reach $5.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Artificial Discs estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$5.4 Billion by 2027, growing at aCAGR of 18.7% over the period 2020-2027. Cervical Artificial Discs, one of the segments analyzed in the report, is projected to record 18.9% CAGR and reach US$4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lumbar Artificial Discs segment is readjusted to a revised 18.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $482.7 Million, While China is Forecast to Grow at 18.3% CAGR

The Artificial Discs market in the U.S. is estimated at US$482.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$945.2 Million by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 15.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.We bring years of research experience to this 5th edition of our report. The 127-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • AxioMed LLC
  • DePuy Synthes
  • Globus Medical, Inc.
  • joimax GmbH
  • Medtronic PLC
  • NuVasive, Inc.
  • Orthofix
  • Spinal Kinetics, Inc.
  • Vertebral Technologies, Inc.
  • Zimmer Biomet Holdings, Inc.