The Cervical Total Disc Replacement Device Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cervical Total Disc Replacement Device Global Market Report 2024, The cervical total disc replacement device market size has grown exponentially in recent years. It will grow from $2.29 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to surge in degenerative disc conditions, early device innovations, patient demand for mobility, addressing fusion surgery limitations, research and clinical trials.
The cervical total disc replacement device market size is expected to see rapid growth in the next few years. It will grow to $5.6 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. The growth in the forecast period can be attributed to patient-centric approach and customization, advancements in material science, aging population and degenerative conditions, shift towards motion preservation techniques, continued technological innovations.. Major trends in the forecast period include surgeon training and education, regulatory advancements and approvals, patient preference for active lifestyles, surge in demand for non-fusion alternatives, technological innovations in device design
The increase in spine-related injuries is expected to propel the growth of the cervical total disc replacement device market. Spine-related injuries are injuries that affect the spinal cord, the nerves that run through the spine, or the bones that make up the spine. Cervical total disc replacement devices are useful in spinal cord injuries and treat spinal instability, which is a condition in which the bones in the neck are not aligned properly. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sporting and recreational spinal cord injuries (SCI) experienced a rise, increasing from 14% in 2020 to 19% in 2021. Therefore, an increase in spine-related injuries is driving the growth of the cervical total disc replacement device market.
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The cervical total disc replacement device market covered in this report is segmented –
1) By Disc Type: Metal On A Biocompatible Material (M-o-B), Metal On Metal (M-o-M)
2) By Material: Polymeric, Metallic, Biocompatible
3) By Design: Constrained, Semi-Constrained, Unconstrained
4) By End User: Hospitals, Ambulatory Surgical Center, Specialty Clinics, Clinics
Major companies operating in the cervical total disc replacement device market are developing innovative products such as the cervical artificial disc to meet larger customer bases, increase sales, and increase revenue. A cervical artificial disc is a prosthetic device used to replace a damaged or degenerated cervical disc in the neck, designed to mimic the natural movement and function of the disc, and it can help relieve pain and improve the range of motion. For instance, in April 2021, NuVasive Inc., a US-based medical device company, received approval for NuVasive Simplify Cervical Artificial Disc (Simplify Disc) from the U.S. Food and Drug Administration (FDA), a US-based regulatory agency. The Simplify Disc is designed to fit patient anatomy, protect facets, and prevent overstuffing, and is offered in 12 size combinations. It is the only cervical total disc replacement device to achieve clinical superiority at primary endpoints for 1- and 2-levels compared to anterior cervical discectomy and fusion (ACDF). It is designed for enhanced visualization through magnetic resonance imaging (MRI) and offers nickel-free materials and metal-free articulating surfaces, significantly minimizing the risk of metal-wear debris.
The cervical total disc replacement device market report table of contents includes:
1. Executive Summary
2. Cervical Total Disc Replacement Device Market Characteristics
3. Cervical Total Disc Replacement Device Market Trends And Strategies
4. Cervical Total Disc Replacement Device Market – Macro Economic Scenario
5. Global Cervical Total Disc Replacement Device Market Size and Growth
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26. South America Cervical Total Disc Replacement Device Market
27. Brazil Cervical Total Disc Replacement Device Market
28. Middle East Cervical Total Disc Replacement Device Market
29. Africa Cervical Total Disc Replacement Device Market
30. Cervical Total Disc Replacement Device Market Competitive Landscape And Company Profiles
Top Major Players:
- Medtronic PLC
- Johnson and Johnson Pvt Ltd
- Stryker Corporation
- Zimmer Biomet Holdings Inc
- DePuy Synthes Inc
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