Report Feature
The technologies in artificial disc has undergone significant change in recent years, with metal on metal based artificial disc to metal-on-biopolymer based artificial disc material. The rising wave of new material technology such as metal-on- biopolymer technology is creating significant potential for advanced artificial disc in various medical platforms due to their benefiting features such as metal-on-polymer discs have a higher inflammatory response than metal-on-metal discs.
In artificial disc market, various material technologies such as metal-on-metal and metal-on-biopolymer are used in the cervical and lumber applications. Increasing incidence of degenerative disc diseases and rising propensity for minimal incision surgeries are creating new opportunities for various artificial disc technologies.
Some of the latest technological developments by various countries in the artificial disc market are as follows:
In artificial disc market, various material technologies such as metal-on-metal and metal-on-biopolymer are used in the cervical and lumber applications. Increasing incidence of degenerative disc diseases and rising propensity for minimal incision surgeries are creating new opportunities for various artificial disc technologies.
Some of the latest technological developments by various countries in the artificial disc market are as follows:
- United States: NuVasive Inc., a leading medical device company, received FDA approval for their Simplify Cervical Disc, designed for two-level cervical spine replacements. This minimally invasive option caters to a growing patient preference for motion preservation.
- Europe: EOS GmbH, a German additive manufacturing company, partnered with several European hospitals to explore using 3D-printed personalized titanium implants for spinal surgeries. This technology holds promise for improved biocompatibility and patient-specific disc replacements.
- South Korea: South Korean government, aiming to foster domestic medical device innovation, announced grants to support research in biocompatible materials for artificial discs. This initiative could lead to the development of next-generation discs with reduced wear and tear.
- China: Weigao Orthopaedic Device Co., Ltd., a major Chinese medical device player, launched their domestically produced metal-on-polyethylene disc. This development indicates China's growing focus on offering cost-effective artificial disc solutions.
The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global artificial disc technology by application, material technology, and region as follows:
Technology Readiness by Material Technology
Competitive Intensity and Regulatory Compliance
Disruption Potential by Material Technology
Trends and Forecasts by Material Technology [$M shipment analysis from 2018 to 2030]:
- Metal-on-Metal Based
- Metal-on-Biopolymer Based
Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
-
Cervical
- Metal-on-Metal Based
- Metal-on-Biopolymer Based
-
Lumbar
- Metal-on-Metal Based
- Metal-on-Biopolymer Based
Technology Trends and Forecasts by Region [$M shipment analysis for 2018 to 2030]:
-
North America
- United States
- Canada
- Mexico
-
Europe
- United Kingdom
- Germany
- France
-
Asia Pacific
- Japan
- China
- South Korea
- India
- The Rest of the World
Latest Developments and Innovations in the Artificial Disc Technologies
Companies / Ecosystems
Strategic Opportunities by Material Technology
Some of the artificial disc companies profiled in this report include AxioMed, Simplify Medical, K2M, Spinal Kinetics, Globus Medical, B. Braun Melsungen AG, Zimmer Biomet Holdings, and Medtronic.
Below are the latest technological developments from top companies in the artificial disc market:
Q.1 What are some of the most promising and high-growth technology opportunities for the artificial disc market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in artificial disc market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in artificial disc market?
Q.6 What are the latest developments in artificial disc technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this artificial disc market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this artificial disc technology space?
Companies / Ecosystems
Strategic Opportunities by Material Technology
Some of the artificial disc companies profiled in this report include AxioMed, Simplify Medical, K2M, Spinal Kinetics, Globus Medical, B. Braun Melsungen AG, Zimmer Biomet Holdings, and Medtronic.
Below are the latest technological developments from top companies in the artificial disc market:
- Zimmer Biomet received FDA 510(k) clearance for its Mobi-C cervical artificial disc. This clearance expands their metal-on-metal portfolio and targets a broader range of cervical spine surgeries.
- Exactech announced a $20 million expansion of its manufacturing facility to meet the growing demand for its Viper spinal disc system, a metal-on-metal solution. This indicates a strong focus on this technology and potential market share gain.
- Stryker acquired Alphatec Spine for $1.6 billion. Alphatec has a leading metal-on-biopolymer artificial disc technology, the Sequoia®, which strengthens Stryker's position in this growing segment.
- Globus Medical presented positive long-term data from its ongoing clinical trial of the Kinetix® artificial disc at the North American Spine Society (NASS) meeting. This biopolymer-based disc is showing promising results and could gain significant market share in the coming years.
Q.1 What are some of the most promising and high-growth technology opportunities for the artificial disc market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in artificial disc market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in artificial disc market?
Q.6 What are the latest developments in artificial disc technologies? Which companies are leading these developments?
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this artificial disc market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this artificial disc technology space?
Table of Contents
2.2 Technology and Application Mapping
2.3 Supply Chain
3.1 Technology Commercialization and Readiness
3.2 Drivers and Challenges in Artificial Disc Technologies
3.3 Competitive Intensity
3.4 Regulatory Compliance
4.1 Artificial Disc Opportunity
5.1 Artificial Disc Market by Region
5.5 ROW Artificial Disc Technology Market
7.1 Product Portfolio Analysis
7.2 Market Share Analysis
7.3 Geographical Reach
8.1 Implications
8.3 Emerging Trends in the Artificial Disc Market
8.4 Disruption Potential
9.1 AxioMed
9.2 Simplify Medical
9.3 K2M
9.4 Spinal Kinetics
9.5 Globus Medical
9.6 B. Braun Melsungen AG
9.7 Zimmer Biomet Holdings
9.8 Medtronic
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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