Global Cervical Total Disc Replacement Market

Global Cervical Total Disc Replacement Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

The Global Cervical Total Disc Replacement Market held USD 1342.7 million in 2020 and is to grow with a CAGR of 21.5% from 2020-2030. Degenerative disc disease increases with age and reduces the motor capacity of the human body. The increasing prevalence of degenerative disc disease is expected to spur market growth. For example, based on data provided by the American Academy of Orthopedic Surgeons in 2017, cervical radiculopathy affected 107 men in 100,000 and 64 women in 100,000 in the United States. In addition, various technological developments, FDA approvals, and new clinical trials in recent years have spurred growth in the cervical disc replacement market. For example, in March 2015, Simplify Medical, Inc. developed an MRI-compatible artificial disc, Simplify Disc, which has been approved by the European regulatory authority for medical devices.
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Market Dynamics and Factors :
The main factors of the rise of the global cervical total disc replacement market are rising elderly population, low rates of revised surgery for cervical disc replacement surgery, and growing demand for innovative, advanced and advanced CTDR devices for the treatment of Class I and Class II tribal disc disease are key factors. Are Increasing demand for CTDR devices is leading to growth of cervical total disc replacement market. Continuing investment in CTDR device technological advancement, research and development in major trends in the CTDR device market.
Market Segmentation:
Global Cervical Total Disc Replacement Market – By Material
Metal-On-Metal
Metal-On-Biocompatible
Global Cervical Total Disc Replacement Market – By Design
Constrained
Semi-constrained
Unconstrained
Global Cervical Total Disc Replacement Market – By End-User
Hospitals
Ambulatory Surgical Centers
Clinics
Others
Global Cervical Total Disc Replacement Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the global cervical total disc replacement market growth due to growing government focus and development in medical infrastructure. The market in Europe is expected to see rapid growth during the forecast period due to a high level of awareness of technological advances, increased affordability of healthcare services and increased expenditure on healthcare services as well as ongoing clinical trials of innovative products for cure of degenerative disc diseases. Developing countries in Asia Pacific are expected to witness rapid developments during the forecast period. owing to introduction of implants for treatment of various degenerative disc disease in the region
Due to less convenience of medical facilities and hospitals, and low growth rate of development in the healthcare domain, the Middle East & Africa cervical total disc replacement market is anticipated to garner lowest market size. Countries like Qatar and Kuwait and UAE and South Africa, however, are focusing more on the healthcare domain and developing medical facilities which will fuel this region 's market.
Competitive Scenario :
Global cervical total disc replacement market, few of the major players currently dominate the market. Key players enhancing the global cervical total disc replacement market size include Medtronic Plc, NuVasive Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, FH Orthopedics, Orthofix Medical Inc., Globus Medical, Inc., and Centinel Spine, Inc.
In July 2019, Centinel Spine LLC grabbed investigation device consent from U.S. FDA to commence a multi-level clinical trial for its anterior cervical total disc devices.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Cervical Total Disc Replacement industry, although key threats, opportunities and disruptive technologies that could shape the Global Cervical Total Disc Replacement Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Cervical Total Disc Replacement Market most.
The data analysis present in the Global Cervical Total Disc Replacement Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Cervical Total Disc Replacement Market business.
The 2021 Annual Global Cervical Total Disc Replacement Market offers:
100+ charts exploring and analysing the Global Cervical Total Disc Replacement Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Cervical Total Disc Replacement Market type
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