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The cervical total disc replacement device global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cervical Total Disc Replacement Device Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cervical total disc replacement device market size has grown exponentially in recent years. It will grow from $2.29 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The growth in the historic period can be attributed to surge in degenerative disc conditions, early device innovations, patient demand for mobility, addressing fusion surgery limitations, research and clinical trials..
The cervical total disc replacement device market size is expected to see rapid growth in the next few years. It will grow to $5.6 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. The growth in the forecast period can be attributed to patient-centric approach and customization, advancements in material science, aging population and degenerative conditions, shift towards motion preservation techniques, continued technological innovations.. Major trends in the forecast period include surgeon training and education, regulatory advancements and approvals, patient preference for active lifestyles, surge in demand for non-fusion alternatives, technological innovations in device design..
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Scope Of Cervical Total Disc Replacement Device Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cervical Total Disc Replacement Device Market Overview
Market Drivers –
The increase in spine-related injuries is expected to propel the growth of the cervical total disc replacement device market. Spine-related injuries are injuries that affect the spinal cord, the nerves that run through the spine, or the bones that make up the spine. Cervical total disc replacement devices are useful in spinal cord injuries and treat spinal instability, which is a condition in which the bones in the neck are not aligned properly. For instance, in October 2022, according to a report published by the New Zealand Spinal Trust, a New Zealand-based non-profit organization dedicated to assisting individuals with spinal cord injuries, the incidence of sporting and recreational spinal cord injuries (SCI) experienced a rise, increasing from 14% in 2020 to 19% in 2021. Therefore, an increase in spine-related injuries is driving the growth of the cervical total disc replacement device market.
Market Trends –
Major companies operating in the cervical total disc replacement device market are developing innovative products such as the cervical artificial disc to meet larger customer bases, increase sales, and increase revenue. A cervical artificial disc is a prosthetic device used to replace a damaged or degenerated cervical disc in the neck, designed to mimic the natural movement and function of the disc, and it can help relieve pain and improve the range of motion. For instance, in April 2021, NuVasive Inc., a US-based medical device company, received approval for NuVasive Simplify Cervical Artificial Disc (Simplify Disc) from the U.S. Food and Drug Administration (FDA), a US-based regulatory agency. The Simplify Disc is designed to fit patient anatomy, protect facets, and prevent overstuffing, and is offered in 12 size combinations. It is the only cervical total disc replacement device to achieve clinical superiority at primary endpoints for 1- and 2-levels compared to anterior cervical discectomy and fusion (ACDF). It is designed for enhanced visualization through magnetic resonance imaging (MRI) and offers nickel-free materials and metal-free articulating surfaces, significantly minimizing the risk of metal-wear debris.
The cervical total disc replacement device market covered in this report is segmented –
1) By Disc Type: Metal On A Biocompatible Material (M-o-B), Metal On Metal (M-o-M)
2) By Material: Polymeric, Metallic, Biocompatible
3) By Design: Constrained, Semi-Constrained, Unconstrained
4) By End User: Hospitals, Ambulatory Surgical Center, Specialty Clinics, Clinics
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Regional Insights –
North America was the largest region in the cervical total disc replacement device market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cervical total disc replacement device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the cervical total disc replacement device market report are Medtronic plc, Johnson and Johnson Pvt Ltd., Stryker Corporation, Zimmer Biomet Holdings Inc., DePuy Synthes Inc., NuVasive Inc., Globus Medical Inc., ZimVie Inc., Orthofix Medical Inc., Aesculap Implant Systems Inc., Alphatec Holdings Inc., LDR Holding Corporation, Centinel Spine Inc., Spineart SA, CoreLink LLC, Innovative Spinal Technologies Inc., Precision Spine Inc., Spinal Elements Inc., Applied Spine Technologies Inc., Spinal Kinetics LLC, Paradigm Spine LLC, Implanet SA, Osimplant, Expanding Orthopedics Inc., FH Orthopedics Inc., SpineGuard S.A, ChoiceSpine, InVivo Therapeutics Hldg, Ranier Technology Limited, AxioMed LLC
Table of Contents
1. Executive Summary
2. Cervical Total Disc Replacement Device Market Report Structure
3. Cervical Total Disc Replacement Device Market Trends And Strategies
4. Cervical Total Disc Replacement Device Market – Macro Economic Scenario
5. Cervical Total Disc Replacement Device Market Size And Growth
…..
27. Cervical Total Disc Replacement Device Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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