North America Artificial Cervical Intervertebral Disc Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis By Material (Biopolymer Material and Metal Material) and End User (Hospitals, Ambulatory Surgical Centers, and Others)


No. of Pages: 110    |    Report Code: BMIRE00025523    |    Category: Life Sciences

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North America Artificial Cervical Intervertebral Disc Market

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

Strategic insights for the North America Artificial Cervical Intervertebral Disc provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Artificial Cervical Intervertebral Disc Report Scope

Report Attribute Details
Market size in 2022 US$ 572.89 Million
Market Size by 2028 US$ 1,557.82 Million
Global CAGR (2021 - 2028) 18.1%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Material
  • Biopolymer Material and Metal Material
By End User
  • Hospitals
  • Ambulatory Surgical Centers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • 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.
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    North America Artificial Cervical Intervertebral Disc Regional Insights

    The geographic scope of the North America Artificial Cervical Intervertebral Disc refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    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.

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

    1. AxioMed LLC
    2. B. Braun Melsugen AG.
    3. Centinel Spine, LLC
    4. Globus Medical, Inc.
    5. Medtronic
    6. NuVasive, Inc.
    7. Orthofix Medical, Inc.
    8. Synergy Spine Solutions, Inc.
    9. Zimmer Biomet Holdings, Inc.
    Frequently Asked Questions
    How big is the North America Artificial Cervical Intervertebral Disc Market?

    The North America Artificial Cervical Intervertebral Disc Market is valued at US$ 572.89 Million in 2022, it is projected to reach US$ 1,557.82 Million by 2028.

    What is the CAGR for North America Artificial Cervical Intervertebral Disc Market by (2021 - 2028)?

    As per our report North America Artificial Cervical Intervertebral Disc Market, the market size is valued at US$ 572.89 Million in 2022, projecting it to reach US$ 1,557.82 Million by 2028. This translates to a CAGR of approximately 18.1% during the forecast period.

    What segments are covered in this report?

    The North America Artificial Cervical Intervertebral Disc Market report typically cover these key segments-

  • Material (Biopolymer Material and Metal Material)
  • End User (Hospitals, Ambulatory Surgical Centers)
  • What is the historic period, base year, and forecast period taken for North America Artificial Cervical Intervertebral Disc Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Artificial Cervical Intervertebral Disc Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in North America Artificial Cervical Intervertebral Disc Market?

    The North America Artificial Cervical Intervertebral Disc Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • 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.
  • Who should buy this report?

    The North America Artificial Cervical Intervertebral Disc Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Artificial Cervical Intervertebral Disc Market value chain can benefit from the information contained in a comprehensive market report.