South and Central 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: 98    |    Report Code: BMIRE00025528    |    Category: Life Sciences

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South and Central America Artificial Cervical Intervertebral Disc Market

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

Strategic insights for the South and Central 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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South and Central America Artificial Cervical Intervertebral Disc Report Scope

Report Attribute Details
Market size in 2022 US$ 107.89 Million
Market Size by 2028 US$ 279.70 Million
Global CAGR (2021 - 2028) 17.2%
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 South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Market leaders and key company profiles
  • B. Braun Melsugen AG.
  • Globus Medical, Inc.
  • Medtronic
  • NuVasive, Inc.
  • Orthofix Medical, Inc.
  • Zimmer Biomet Holdings, Inc.
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    South and Central America Artificial Cervical Intervertebral Disc Regional Insights

    The geographic scope of the South and Central 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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    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.

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

    1. B. Braun Melsugen AG.
    2. Globus Medical, Inc.
    3. Medtronic
    4. NuVasive, Inc.
    5. Orthofix Medical, Inc.
    6. Zimmer Biomet Holdings, Inc.
    Frequently Asked Questions
    How big is the South and Central America Artificial Cervical Intervertebral Disc Market?

    The South and Central America Artificial Cervical Intervertebral Disc Market is valued at US$ 107.89 Million in 2022, it is projected to reach US$ 279.70 Million by 2028.

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

    As per our report South and Central America Artificial Cervical Intervertebral Disc Market, the market size is valued at US$ 107.89 Million in 2022, projecting it to reach US$ 279.70 Million by 2028. This translates to a CAGR of approximately 17.2% during the forecast period.

    What segments are covered in this report?

    The South and Central 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 South and Central 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 South and Central America Artificial Cervical Intervertebral Disc Market report:

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

    The South and Central 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:

  • B. Braun Melsugen AG.
  • Globus Medical, Inc.
  • Medtronic
  • NuVasive, Inc.
  • Orthofix Medical, Inc.
  • Zimmer Biomet Holdings, Inc.
  • Who should buy this report?

    The South and Central 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 South and Central America Artificial Cervical Intervertebral Disc Market value chain can benefit from the information contained in a comprehensive market report.