Global Cervical Total Disc Replacement Device Market: Overview
The cervical spine comprises of seven vertebras, which are separated by an inter-vertebral disc from each other. Cervical discs are helpful in the movement of neck and back; they allow sideward and bending movement of the body. They are also useful in neck stabilizing and shock absorbing. Cervical discs stop functioning owing to disc herniation, which is caused by degenerative diseases or trauma. Disc herniation can be recognized by symptoms such as a headache, weakness, shoulder pain, numbness, and neck pain. Degenerative disc disease results in pain, the stiffness of the neck, and less flexibility. Initially, these diseases are tackled with anti-inflammatory medications, spine injections, physical therapy, and cold or heat therapy. However, the surgical treatments are recommended when these conventional treatments fail to recover.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Cervical Total Disc Replacement Device Market: Growth Factors
Nowadays, there is growth in the total disc replacement surgery due to rising prevalence of pseudo-arthrosis. Changing lifestyle, growth in aging population, and improved government funding is some other key factors responsible for the growth of the total cervical disc replacement market. Moreover, rising healthcare awareness is also expected to further contribute to the global market. Conversely, side effects associated with surgery, higher cost, and nucleus replacement devices restrain the market growth to some extent.
Global Cervical Total Disc Replacement Device Market: Segmentation
The cervical total disc replacement device market is bifurcated based on end-use hospitals and ASCs. Of these, hospitals segment is a leading end-use segment in the global market. However, the ASCs end-use segment is expected to grow at a faster rate in the coming future as major cervical disc replacement cases are performed in ASCs. A number of people prefer ASCs for quick discharge and cost-effectiveness. The global cervical total disc replacement device market is further divided based on material type as biocompatible material (M-o-B) and metal on metal (M-o-M).
Global Cervical Total Disc Replacement Device Market: Regional Analysis
North America holds the largest market share in the global cervical total disc replacement device market. However, the higher percentage of aging population living in this region is anticipated to boost the global market growth. Asia Pacific is emerging as the second largest market for cervical total disc replacement as healthcare industries are growing at the faster rate, which in turn may fuel the global cervical total disc replacement device market. In addition, China and India are major competitors in the global cervical total disc replacement device market. Moreover, rising government funding and the large pool of patients are expected to propel the global market growth in future.
Global Cervical Total Disc Replacement Device Market: Competitive Players
The major industries operating in the global cervical total disc replacement device market are 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.
Global Cervical Total Disc Replacement Device Market: Regional Segment Analysis
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