Cervical Total Disc Replacement Market
Global Market Study on Cervical Total Disc Replacement (CTDR) Devices: Rising Incidence of Cervical Degenerative Diseases Aiding Market Growth
Cervical Total Disc Replacement Market Segmented By Artificial Disc Replacement, Cervical Total Disc Replacement Device By Biocompatible Material and Metal on Metal Material
Cervical artificial discs are used to treat degenerative disc disorders (DDDs) in the cervical region from C3 to C7. Cervical artificial discs are inserted between two cervical discs after removal of a degenerated intervertebral disc.
The basic functionality of this device is to preserve motion in the disc space. Cervical disc replacement procedure is an alternative to the spinal fusion procedure for the treatment of DDDs.
Increasing prevalence of chronic diseases and growing ageing population are the main factors expected to positively affect the growth of the cervical total disc replacement (CTDR) device market across the globe over the next decade.
Find Out More about the Report Coverage
- Medtronic, Plc.
- Depuy Synthes (Johnson & Johnson Inc.)
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Globus Medical, Inc.
- NuVasive, Inc.
- Orthofix Medical Inc.
- LDR Holding Corporation
- Centinel Spine, Inc.
- FH Orthopaedics S. A. S.
Cervical Total Disc Replacement Device Market Trends
Cervical Disc Replacement Being Preferred Over Spinal Fusion: Neck pain is the major cause for the development of DDDs in the cervical region of the spine. Cervical total disc replacement devices are used to treat patients suffering from degenerative disc disorders (DDDs).
This is a minimal incision surgery (MIS) and results in quick recovery post-surgery, short hospital stay, and low revision surgery rate. Various benefits of this procedure are increasing the adoption rate of this surgery over conventional spinal fusion surgery.
Conventionally, DDD is treated through spinal fusion surgery, but due to high rate of revision surgery and increasing prevalence of adjacent segment disc degeneration post fusion surgery, doctors are considering cervical disc replacement over spinal fusion.
Growing Ageing Population & Innovative Products Aiding Market Growth: Growing ageing population, low revision surgery rate of cervical disc replacement surgery, and increasing demand for advanced innovative CTDR devices for the treatment of both, class I and class II degenerative disc diseases, are major factors leading to increased demand for CTDR devices, thereby fuelling the growth of the cervical total disc replacement device market.
Other important trends in the CTDR device market include technological advancements with regard to these devices, consistent investment in research & development, and surge in acquisitions and mergers by major players in the CTDR device market space.
Regional Outlook of CTDR Device Market
Customize this Report
Explore Intelligence Tailored to Your Business Goals.
Regional Outlook of CTDR Device Market
The prevalence of neck pain is comparatively higher in Western countries around the world as compared to APAC. North America is the most dominant region in this space, holding more than 50% of the global cervical total disc replacement device market share. Europe holds the second-largest share in the global market, with more than ¼ market share, and is projected to maintain this position through 2030.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
Cervical Total Disc Replacement Device Market: Competition Analysis
Key market players covered in this report are Medtronic, plc, Depuy Synthes, Globus Medical, Inc., NuVasive, Inc., LDR Holding Corporation, and many others. Major players in the cervical total disc replacement device market are focusing on enhancing their global and regional presence through strategic acquisitions and mergers, operational expansion, and R&D that leads to the invention of innovative products.
Explore Persistence Market Research’s expertise in promulgation of the business !
COVID-19 Impact on Cervical Total Disc Replacement Device Market
The COVID-19 pandemic has affected the whole world, and shows no signs of slowing down. The outbreak has affected the working of the healthcare community too, with non-essential treatments and procedures either put on hold or postponed. The manufacturing sector too is focusing on increasing the output of essential protective equipment and gear, to combat the spread of the virus. As such, the CTDR device market will witness less than normal growth in the near-term.
Analysis of the global cervical total disc replacement device market has led our analysts to conclude that, the market is set to expand around six-fold over the next ten years. Hospitals will continue to be the largest end users of CTDR devices. Market players can be assured that North America, followed by Europe, will lead the growth of the market through 2030.
Key Segments of Cervical Total Disc Replacement Device Market
Questions Answered in PMR’s Report on the CTDR Device Market Report
- Which regions will continue to remain the most profitable regional markets for CTDR device market players?
- Which factors will induce a change in the demand for cervical total disc replacement during the assessment period?
- What are the different opportunities available for emerging players in the cervical total disc replacement device market?
- How are supply-side and demand-side drivers impacting the cervical total disc replacement device market?
- How will changing trends impact the cervical total disc replacement device market?
- How can market players capture the low-hanging opportunities in the CTDR device market in developed regions?
- Which companies are leading the cervical total disc replacement device market?
- What are the winning strategies of stakeholders in the cervical total disc replacement device market to upscale their position in this landscape?