Request Sample

Global Cervical Total Disc Replacement Device Market

Dec. 1, 2019

Global Cervical Total Disc Replacement Device Market, By Material (Metal-on-Metal, Metal-on-Biocompatible), By Design (Constrained, Semi-constrained, Unconstrained), By End-User (Hospitals, Ambulatory service clinics), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR290      
Industry : Medical Devices
Pages :200 Pages
Format :   PPT Format   PDF Format

The global cervical total disc replacement device market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 21.10% during the forecast period (2020-2025). Ageing population, increased demand for advanced cervical disc replacement (CDR) products, increased prevalence of degenerative disk diseases and increased number of manufacturers investing in technologically enhanced cervical complete disk replacement devices are expected to drive the market growth. However, strict government regulations for approving replacement procedures and high surgery costs may limit the market growth.

Table 1. Global Cervical Total Disc Replacement Device Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Material)

Metal-on-Metal, Metal-on-Biocompatible

Market Segmentation (By Design)

Constrained, Semi-constrained, Unconstrained

Market Segmentation (By End-User)

Hospitals, Ambulatory service clinics

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East & Africa,

Key Players Coverage

Medtronic Plc, Zimmer Biomet Holdings, Simplify Medical Inc, Ranier Technology Limited, NuVasive Inc, Orthofix International, AxioMed LLC, Stryker Corporation, LDR Holding Corporation, and Globus Medical, Inc., among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

 

Market Dynamics

Owing to the increased prevalence of pseudo-arthrosis, there will be rise in the total disc replacement surgery. For instance, according to drugs.com, pseudo gout (pseudo arthritis) affects 3% of people of the age of 60 and half of the people in their 90’s, globally. Additionally, increased demand for advanced innovative cervical total disc replacement devices for the treatment of Class I and Class II degenerative disks disease are the major drivers of cervical total disc replacement device market. Degenerative disk disease is  a medical condition in which anatomic changes and a loss of function of varying degrees of one or more intervertebral of the spine of sufficient magnitude are occurred. The major trends include new technologies, consistent investment in research and development activities, and the rise in acquisitions and mergers for cervical total disc replacement devices. For instance, in September 2018, Medtronic launched Infinity OCT Spinal System that is a complete procedural solution that integrates navigation and biologics with Medtronic's devices and instrumentation

Figure 1. PORTER’S Analysis

 

Note: Above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America has the largest share of the global demand for cervical disk replacement devices. This can be attributed to rise in a number of frequent FDA approvals for these devices. For instance, in July 2017, the U.S. Food and Drug Administration (FDA) approved Medtronic’s Prestige LP cervical disc for treatment of cervical disc degeneration/disease-causing nerve or spinal cord compression at two adjacent levels between the C3-C7 segments of the neck

Europe market is also expected to grow at a lucrative rate owing to increasing approvals of innovative medical products by regulatory authorities. For instance, in March 2019, AxioMed LLC, received the CE mark approval for its Cervical Freedom Total Disc Replacement. Moreover,

Asia-Pacific is expected to have significant growth in cervical total disk replacement market as healthcare industries are growing at a faster rate, which in turn could fuel the global market for cervical total disk replacement devices. China and India are also major competitors in the global market for cervical total disc replacement devices owing to the growing government support and the large pool of patients having spine, head, or neck related problems. For instance, according to the WHO, in 2017, 20% of people with back and neck conditions are in the age group of 16-34 in India.

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the cervical total disc replacement device market include Medtronic Plc, Zimmer Biomet Holdings, Simplify Medical Inc, Ranier Technology Limited, NuVasive Inc, Orthofix International, AxioMed LLC, Stryker Corporation, LDR Holding Corporation, and Globus Medical, Inc., among others. Key players in the market are focused on acquisitions and mergers. Additionally, increasing R&D investments and product launches is expected to foster the market growth. For instance, in November 2019, Simplify Medical Inc. completed pivotal trial for the evaluation of Simplify Disc for two-level cervical disc replacement. Further, in February 2019, Spinal Kinetics Inc. launched its artificial disk replacement product M6-C, an artificial disc that can replace an intervertebral disc, damaged by cervical disc degeneration.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Material

  • Metal-on-Metal
  • Metal-on-Biocompatible

By Design

  • Constrained
  • Semi-constrained
  • Unconstrained

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
rm
Kindly fill the below form and we will contact you within 24 hours
I have read and accept Privacy Policy

Confidentiality

We respect your privacy rights and safeguard your personal information. We prevent the disclosure of personal information to third parties.

Note: This report provides an in-depth analysis of the global cervical total disc replacement device market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global cervical total disc replacement device market?
  • What key factors are expected to increase the demand for the cervical market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global cervical total disc replacement device market?
  • What is the total market value (US$ Mn) generated in the global cervical total disc replacement device market by material in 2019 and what are the forecasts by 2025?
  • Which design is expected to foster the cervical total disc replacement device market growth?
  • Which end-user is expected to dominate the cervical total disc replacement device market in the coming years?
  • What was the total revenue generated by the global cervical total disc replacement device market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global cervical total disc replacement device market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the cervical total disc replacement device market?
  • What are the major outcomes derived from Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

Latest Reports

Global Surgical Drainage Devices Market

Global Surgical Drainage Devices Market, By Product Type (Active Drainage Devices, Passive Drainage Devices), By Application (Neurosurgery procedures, Cardiothoracic …

Read More

Global Intraosseous Infusion Devices Market

Global Intraosseous Infusion Devices Market, By Product Type (Dieckmann Modified Needle, Bone Injection Gun (BIG) Device, FAST1 device, EZ-IO …

Read More

Global Cervical Total Disc Replacement Device Market

Global Cervical Total Disc Replacement Device Market, By Material (Metal-on-Metal, Metal-on-Biocompatible), By Design (Constrained, Semi-constrained, Unconstrained), By End-User (Hospitals, …

Read More

Global Electric Wheelchair Market

Global Electric Wheelchair Market, By Product Type (Front Wheel Drive, Rear Wheel Drive, Center Wheel Drive, Standing and Electric …

Read More

Global Collagen Meniscus Implant Market

Global Collagen Meniscus Implant Market, By Age group (Adults, Pediatrics), By End User (Orthopedic Clinics, Ambulatory Surgical Centers, and …

Read More

Global Anti-Snoring Devices Market

Global Anti-Snoring Devices Market, By Device Type (Oral Appliances, Nasal Devices, Position Control Devices, Chin Straps, Tongue-Stabilizing Devices, Expiratory …

Read More

Global 3D Printed Medical Device Market

Global 3D Printed Medical Device Market, By Application (Dental Implants, Orthopedic Implants, Cranio-Maxillofacial Implants, Internal and External Prostheses, Others), …

Read More

Global Oncology Devices Market

Global Oncology Devices Market, By Therapeutic (Chemotherapy, Hormone therapy, Biotherapy, Radiation therapy), By Diagnosis (Biopsy, Imaging, Endoscopy, Blood Tests), …

Read More
Validation error occured. Please enter the fields and submit it again.