Cervical Total Disc Replacement Device Market - Global Industry Analysis

Industry Prospective:

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.          

Cervical Total Disc Replacement Device Market: Overview

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.

Key Insights

• As per the analysis shared by our research analyst, the global cervical total disc replacement device market is estimated to grow annually at a CAGR of around 18.5% over the forecast period (2022-2030).
• In terms of revenue, the global cervical total disc replacement device market size was valued at around USD 1.7 billion in 2021 and is projected to reach USD 7.8 billion, by 2030.
• The market is expected to rise as a result of technological developments, rising product approval rates, company and product acquisitions by major players, and other factors.
• Based on the disc type, the metal on biocompatible is expected to grow significantly over the forecast period.
• Based on the material, the cobalt-chrome held a substantial market share in 2021.
• Based on region, the North American region is expected to dominate the market during the forecast period.

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Cervical Total Disc Replacement Device Market: Growth Drivers

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.

Cervical Total Disc Replacement Device Market: Restraints

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.

Cervical Total Disc Replacement Device Market: Opportunities

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.

Cervical Total Disc Replacement Device Market: Challenges

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.

Cervical Total Disc Replacement Device Market: Segmentation

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.

Recent Developments:

• In October 2022, Centinel Spine®, LLC, a leading global medical device company addressing cervical and lumbar spinal disease through anterior surgical access, announced the continued expansion of the availability of the prodisc® Cervical Total Disc Replacement (TDR) portfolio that allows the disc to be matched to patient anatomy. In July, the company received U.S. Food and Drug Administration approval for 1-level indications for prodisc C Vivo, prodisc C SK, and prodisc C Nova. Along with the currently available prodisc C implant, which remains the most studied TDR technology, Centinel Spine now has the broadest offering in the world of cervical TDR solutions to address surgeon preference and individual patient anatomy.
• In September 2021, Dymicron won the award for their product “Triadyme- C Artificial Cervical Disc.” The product has been a stalwart in the said market, as it is a motion-preserving cervical artificial disc that is made of polycrystalline diamond. The said material has been regarded as the toughest material ever discovered by humankind. The product guarantees prolonged comfort as there are no plausible wear and tear.

Global Cervical Total Disc Replacement Device Market Report Scope:

Cervical Total Disc Replacement Device Market: Regional Analysis

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.

Cervical Total Disc Replacement Device Market: Competitive Analysis

The global cervical total disc replacement device market is dominated by players like:

• 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.

The global cervical total disc replacement device market is segmented as follows:

By Disc Type

• Metal on Metal
• Metal on Biocompatible

By Material

• Polyethylene
• Stainless Steel
• Titanium
• Cobalt-Chrome
• Polycrystalline Diamond
• Others

By Design

• Constrained
• Semi-Constrained
• Un-Constrained

By End User

• Hospitals
• Ambulatory Surgical Centers
• Private Clinics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa