Titanium alloy-based Pedicle screw-rod fusion is a very common technique to provide higher fusion regularity than other methods. In recent times, Carbon-fibre-reinforced (CFR)-PEEK rod is used to better reduce the fusion rate. Alternatively, total disc replacement (TDR) is also very common for the non-fusion treatment method for degenerative disc disease (DDD). This study aims to investigate flexibility (ROM), stability, stress condition in implant, implant adjacent bone of the implanted lumbar spine during different physiological movements and loading environments. The finite element (FE) intact model of the lumbar spine (L2-L5) with two-level pedicle screw-rod fusion at L3-L4-L5 and two-level artificial disc replacement was developed. CFR-PEEK was taken for rod for semi-rigid fusion. UHMWPE was taken as core part of the artificial disc. The FE models were simulated under 6, 8 and 10 Nm moments in left right lateral bending, flexion and extension movements. The total ROM was reduced for two-level pedicle screw fixation and increased for the artificial disc replacement model during flexion extension compared to the intact spine. The total ROM was reduced by around 54% and 25% for two-level fixation and increased by 30% and 19.5% for artificial disc replacement spine, under flexion-extension and left-right lateral bending respectively. For screw fixation, the ROM increased by 15% and 18% reduced by 4.5% and 14% for disc replacement at the adjacent segments for flexion-extension and left-right lateral bending.