South Korea Artificial Disc Replacement Market Size & Outlook
The artificial disc replacement market in South Korea is expected to reach a projected revenue of US$ 10.3 million by 2028. A compound annual growth rate of 12.7% is expected of South Korea artificial disc replacement market from 2022 to 2028.
- MedTech
- Orthopedic Devices
- Artificial Disc Replacement Market Outlook
- Orthopedic Devices
Revenue, 2021 (US$M)
$4.5
Forecast, 2028 (US$M)
$10.3
CAGR, 2022 - 2028
12.7%
Report Coverage
South Korea
South Korea Artificial Disc Replacement Market, 2016-2028 (US$M)
Global Market
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South Korea artificial disc replacement market highlights
- The South Korea artificial disc replacement market generated a revenue of USD 4.5 million in 2021 and is expected to reach USD 10.3 million by 2028.
- The South Korea market is expected to grow at a CAGR of 12.7% from 2022 to 2028.
- In terms of segment, metal + plastic was the largest revenue generating material type in 2021.
- Metal is the most lucrative material type segment registering the fastest growth during the forecast period.
Artificial disc replacement market data book summary
| Market revenue in 2021 | USD 4.5 million |
| Market revenue in 2028 | USD 10.3 million |
| Growth rate | 12.7% (CAGR from 2021 to 2028) |
| Largest segment | Metal + plastic |
| Fastest growing segment | Metal |
| Historical data | 2016 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Metal, Metal + Plastic |
| Key market players worldwide | Medtronic PLC, Orthofix Medical Inc, Globus Medical Inc Class A, NuVasive, AxioMed Spine, Zimmer Biomet Holdings Inc, Centinel Spine, Aesculap, spineart, Synergy Spine and Pain Center |
Other key industry trends
- In terms of revenue, South Korea accounted for 0.9% of the global artificial disc replacement market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, Japan artificial disc replacement market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 25.1 million by 2028.
Key Regions:U.S., UK, Japan, Brazil, South Africa
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Artificial Disc Replacement Market Scope
Artificial Disc Replacement Market segmentation & scope
Artificial Disc Replacement Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Medtronic PLC | View profile | 95,000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | www.medtronic.com |
| Zimmer Biomet Holdings Inc | View profile | 18,000 | 345 East Main Street, Warsaw, IN, United States, 46580 | www.zimmerbiomet.com |
| NuVasive | View profile | 1001-5000 | San Diego, California, United States, North America | www.nuvasive.com |
| Orthofix Medical Inc | View profile | 1,634 | 3451 Plano Parkway, Lewisville, TX, United States, 75056 | www.orthofix.com |
| Globus Medical Inc Class A | View profile | 5,000 | 2560 General Armistead Avenue, Audubon, PA, United States, 19403 | www.globusmedical.com |
| Centinel Spine | View profile | 101-250 | West Chester, Pennsylvania, United States, North America | centinelspine.com |
| AxioMed Spine | View profile | 11-50 | Malden, Massachusetts, United States, North America | www.axiomed.com |
| Aesculap | View profile | 251-500 | Kelayres, Pennsylvania, United States, North America | www.aesculapusa.com |
| spineart | View profile | 101-250 | Plan-les-ouates, Geneve, Switzerland, Europe | www.spineart.com/ |
| Synergy Spine and Pain Center | View profile | - | - | synergyspinemd.com |
South Korea Artificial Disc Replacement Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Artificial Disc Replacement Market Outlook will help companies and investors design strategic landscapes.
Metal + Plastic was the largest segment with a revenue share of 64.44% in 2021.
Horizon Databook has segmented the South Korea artificial disc replacement market based on metal, metal + plastic covering the revenue growth of each sub-segment from 2016 to 2028.
- South Korea Artificial Disc Replacement Market Material type Outlook (Revenue, USD Million , 2016-2028)
- Metal
- Metal + Plastic
- South Korea Artificial Disc Replacement Market Indication Outlook (Revenue, USD Million , 2016-2028)
- Cervical Disc Replacement
- Lumbar Disc Replacement
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Artificial Disc Replacement Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Artificial Disc Replacement Market Outlook from 2016 to 2028, including revenue numbers, major trends, and company profiles.
South Korea Artificial Disc Replacement Market, 2016-2028 (US$M)
South Korea artificial disc replacement market statistics, by material type, 2016-2028 (US$M)
