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Title: Cervical Total Disc Replacement Device Market Analysis | CMI


1
  • Coherent Market Insights
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  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
CERVICAL TOTAL DISC REPLACEMENT DEVICE MARKET
ANALYSIS
  • Cervical Total Disc Replacement Devices Market,
    By Material (Metal-on-metal and
    Metal-on-biocompatible), By Design (Constrained,
    Semi-constrained, and Unconstrained), By End User
    (Hospitals, Ambulatory Surgical Centers, and
    Clinics), and By Region (North America, Latin
    America, Europe, Asia Pacific, Middle East, and
    Africa) - Size, Share, Outlook, and Opportunity
    Analysis, 2019 - 2027
  • The global cervical total disc replacement device
    market is estimated to be valued at US 1,105.1
    million in 2019 and is expected to exhibit a CAGR
    of 21.7 during the forecast period (2019-2027).

3
Figure 1. Global Cervical Total Disc Replacement
Devices Market Share (), by Material, 2019 and
2027
4
Global Cervical Total Disc Replacement Devices
Market Drivers
  • Major factors driving growth of the global
    Cervical Total Disc Replacement Devices Market
    are the increasing prevalence of degenerative
    disc disorders and the growing geriatric
    population across the globe.
  • According to data presented by the American
    Academy of Orthopedic Surgeons in 2017, cervical
    radiculopathy (radiating pain from cervical disc
    degeneration), in which a compressed nerve
    initiates pain, numbness, or weakness in the neck
    and surrounding areas, had an annual incidence of
    107 in 100,000 for men and 64 in 100,000 for
    women in the U.S.
  • Frequent product approvals is another major
    factor contributing to the market growth.
  • For instance, in March 2019, AxioMed LLC,
    received CE mark approval for its Cervical
    Freedom Total Disc Replacement. Moreover, in July
    2017, the U.S. Food and Drug Administration (FDA)
    approved Medtronics Prestige LP cervical disc
    for treatment of cervical disc degeneration/diseas
    e causing nerve or spinal cord compression at two
    adjacent levels between the C3-C7 segments of the
    neck. The Prestige LP disc is Medtronics third
    clinically-proven artificial cervical disc and it
    is the first to be determined safe and effective
    for both one- and two-level procedures.

5
Market Restraints
  • High cost associated with cervical total disc
    replacement which includes artificial disc
    replacement surgeries and spinal fusion surgeries
    is expected to hamper the cervical total disc
    replacement device market growth in the near
    future. For instance, the average cost of
    specific disc replacement surgery procedure
    ranges between US 16,000 to US 46,000 in
    different states of the U.S.
  • Moreover, alternative therapies such as
    physiotherapy and special exercises are also used
    for treatment of cervical disc degenerative
    disease, which is expected to hamper growth of
    the cervical total disc replacement device market
    during the forecast period. According to data
    published in Toronto Physiotherapy Journal in
    January 2014, physiotherapy is the most preferred
    first line treatment for degenerative disc
    diseases such as cervical disc degeneration and
    other spine degeneration disorders in the aging
    population.

6
Global Cervical Total Disc Replacement Devices
Market - Regional Analysis
  • Regional segmentation of the global cervical
    total disc replacement devices market includes
    North America, Latin America, Europe, Asia
    Pacific, Middle East, and Africa.
  • Among the regions, the North America cervical
    total disc replacement devices market is expected
    to show significant growth during the forecast
    period, owing to the increasing number of product
    launches by key players. For instance, in March
    2019, Atlas Spine Inc. announced the product
    launch of its HiJak AC expandable cervical
    interbody fusion device. Moreover, the increasing
    healthcare expenditure is expected to boost
    growth of the global cervical total disc
    replacement device market in this region during
    the forecast period. For instance, according to
    the National Health Expenditure report, people in
    the U.S. spent over US 1 trillion on healthcare
    in 2018.
  • Research and development of cervical total disc
    replacement technology is expected to offer
    lucrative growth opportunities to market players
    in Europe. For instance, in September 2019,
    researchers from the Institute for Biomechanics,
    Switzerland reported development of a method for
    controlled epigallocatechin 3-gallate delivery in
    the degeneration of the intervertebral disc. The
    approach is expected to restore the homeostasis
    of the degeneration of the intervertebral disc.
    Moreover, availability of CE marked products such
    as Freedom Cervical Disc developed by AxioMed
    LLC. in the region is contributing to growth of
    the Europe cervical total disc replacement device
    market.

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Figure 2 Global Cervical Total Disc Replacement
Devices Market Share (), By Region
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Market Competitive Landscape
  • Key players operating in the global cervical
    total disc replacement devices market are Stryker
    Corporation, Medtronic Plc, Zimmer Biomet
    Holdings, Inc., Globus Medical, Inc., FH
    Orthopedics, Orthofix Medical Inc., NuVasive
    Inc., and Centinel Spine, Inc.

9
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  • Reference https//www.coherentmarketinsights.com
    /market-insight/cervical-total-disc-replacement-de
    vice-market-1763

10
About Us
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11
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  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

12
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