The global cervical total disc replacement device market size was worth around USD 1.7 billion in 2021 and is predicted to grow to around USD 7.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 18.5% between 2022 and 2030.
Cervical Total Disc Replacement Device Market
The global cervical total disc replacement device market size was worth around USD 1.7 billion in 2021 and is predicted to grow to around USD 7.8 billion by 2030 with a compound annual growth rate (CAGR) of roughly 18.5% between 2022 and 2030. The report analyzes the global cervical total disc replacement device market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cervical total disc replacement device market.
The purpose of cervical total disc replacement devices is to replace the worn-out, degenerative disc and so restore motion to the spine. The cervical total disc replacement devices are used during cervical total disc replacement surgeries to treat degenerative disc disorders (DDD), a condition where the spinal disc is afflicted and decreases from its normal height, pressing on the nerves and producing pain in the neck and arms. This condition may result from susceptibility to spinal diseases brought on by genetic conditions, unintentional traumas, obesity, older age, and other risk factors related to employment, among other things. The conventional cervical disc replacement device is made up of a ridged outer body and a soft inner core for treatment.
The increasing prevalence of cervical degenerative disc disease coupled with the growing geriatric population drives the market growth
It has been discovered that the aging population is directly correlated with cervical disc degenerative diseases. According to numerous studies, DDD is 40% more common in adults under the age of 50. When people reach the age of 70, though, it rises to as much as 80%. Additionally, 20 to 30 % of patients won't benefit from non-surgical treatments, promoting the global cervical total disc replacement market expansion. Additionally, the elderly population is growing, according to several groups. According to the CDC, the distribution of young adults and seniors in the US population will be break-even by 2036. Additionally, since 21% of the population in Europe is above the age of 65, patterns have been seen there as well. Thus, the growing elderly population is expected to drive market growth during the forecast period.
Alternative treatment plans might be hampering the market growth
The alternative treatment for disc disease symptoms significantly restricted the market growth. According to the secondary analysis, 60 to 80 percent of people begin to feel better after non-operative treatments. Moreover, 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.
Rising technological advancements along with growing product approvals are expected to provide lucrative opportunity
The global cervical total disc replacement market is expected to rise as a result of technological developments, rising product approval rates, company & product acquisitions by major players, and other factors. For instance, the M6-C artificial cervical disc, created by Spinal Kinetics, a business that Orthofix Medical acquired in April 2018, was approved by the US Food and Drug Administration (FDA) in February 2019. Orthofix Medical is a global medical device company focused on musculoskeletal products and therapies. Additionally, in February 2021 NuVasive, a pioneer in the development of spinal technology, purchased Simplify Medical, the company behind the Simplify Cervical Artificial Disc (Simplify Disc), which was created for the replacement of the cervical complete disc (cTDR). The company's portfolio of cervical complete discs has grown stronger as a result of this acquisition.
High cost of cervical total disc replacement act as a major challenge for the market growth
The high cost of cervical total disc replacement act as a major challenge for the market growth during the forecast period. There have been incidents recorded when consumers had to pay for the therapy out of pocket because it was still unclear how much the insurance companies would pay for the operation. According to US estimates, the cost of the same procedure might reach $30,000–$50,000. Hence, impeding market expansion.
The global cervical total disc replacement device market is segmented based on the disc type, material, design, end user, and region
Based on the disc type, the global market is bifurcated into metal on metal and metal on biocompatible. The metal on biocompatible is expected to grow significantly over the forecast period. In artificial disc procedures, metals on biocompatible materials (M-o-B) such as titanium, tantalum, zirconium, cobalt-nickel-chromium-molybdenum, and chromium-cobalt-molybdenum are frequently employed. Titanium is superior in terms of biocompatibility, corrosion resistance, and Young's modulus. Based on their physiologic resistance to mechanical loads, biocompatibility, and acceptable durability, biomaterials are chosen for usage. This type of category accounted for the biggest market growth during the predicted period because of its biocompatibility and super corrosion resistance characteristics.
Based on material, the global cervical total disc replacement device is categorized into polyethylene, stainless steel, titanium, cobalt-chrome, polycrystalline diamond, and others. In 2021, Cobalt-Chrome had a substantial market share. It is because it has better qualities than the older version, such as titanium and stainless steel. In comparison to titanium, it delivers exceptional strength and approximately doubles the stiffness. Moreover, CoCr alloys have a low risk of irritability, an allergic reaction, or an immunological response due to their superior biocompatibility and resistance to corrosion. Last but not least, a key factor driving its acceptance is its remarkable resistance to wear and tear.
|Report Attributes||Report Details|
|Report Name||Global Cervical Total Disc Replacement Device Market Research Report|
|Market Size in 2021||USD 1.7 Billion|
|Market Forecast in 2030||USD 7.8 Billion|
|Compound Annual Growth Rate||CAGR of 18.5%|
|Number of Pages||288|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Dynamic Spine Inc., Applied Spine Technologies Inc., Stryker Corporation, Abbott Laboratories, Medtronic Inc., Globus Medical Inc., Synthes AG, Johnson & Johnson, Innovative Spinal Technologies Inc, Zimmer Inc.|
|Segments Covered||By Disc Type, By Material, By Design, By End User and, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global cervical total disc replacement market during the forecast period owing to the rising prevalence of cervical degenerative disorder and the growing usage of devices. For instance, about 40% of people over the age of 40 have one or more degenerating spinal discs, according to the Spine Center at Bone & Joint Clinic of Baton Rouge. Cervical spinal stenosis, cervical disc herniation, and cervical spondylosis are among the main degenerative cervical conditions in North America.
Moreover, one of the factors propelling the growth of the cervical disc replacement devices market in the US is the large percentage of industry players and approvals of innovative cervical discs. Simplify Cervical Artificial Disc (Simplify Disc), which NuVasive developed for two-level cervical complete disc replacement, was given FDA approval in April 2021. (cTDR). It is projected that the region's market would increase as a result of the ongoing product releases and approvals. Furthermore, the growing healthcare spending in the region is one of the prominent factors that propel the market expansion during the forecast period. For instance, as per CMS.gov, in the US, National Health Expenditure (NHE) grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of the Gross Domestic Product (GDP). Thus, the aforementioned facts support the market growth during the forecast period.
Besides, the Asia Pacific market is expected to grow at the highest CAGR during the forecast period. The growth in the region is attributable to the progressive adoption of more advanced disc replacement techniques, a sizable patient population, and rising healthcare expenses. For instance, as per Knoema, In 2019, India's per capita health spending was USD 64. India's per capita health expenditure climbed from USD 19 in 2000 to USD 64 in 2019, expanding at a 6.91% annual rate.
The global cervical total disc replacement device market is dominated by players like:
By Disc Type
By End User
The rise in the elderly population, the rise in cervical degenerative disc disease patients, and the low rate of cervical disc replacement surgical revision are anticipated to propel the cervical total disc replacement market over the forecast period.
According to the report, the global cervical total disc replacement device market size was worth around USD 1.7 billion in 2021 and is predicted to grow to around USD 18.5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 18.5% between 2022 and 2030.
The global cervical total disc replacement device market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the rising prevalence of cervical degenerative disorder and the growing usage of devices.
The global cervical total disc replacement device market is dominated by players like Dynamic Spine, Inc., Applied Spine Technologies, Inc., Stryker Corporation, Abbott Laboratories, and Medtronic, Inc. Other players influencing the global market are Globus Medical, Inc., Synthes AG, Johnson & Johnson, Innovative Spinal Technologies, Inc., and Zimmer, Inc., among others.