Overview and Scope
A cervical total disc replacement (CTDR) device refers to a medical implant used in a surgical procedure to treat certain spine-related conditions in the cervical spine (neck) by using an artificial disc to replace an intervertebral disc that has been injured or lost its ability to function. The CTDR device is designed to mimic the natural structure and movement of the spine, including backward and forward, side to side, and rotation.
Sizing and Forecast
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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Segmentation & Regional Insights
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
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
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Major Driver Impacting Market Growth
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.
Key Industry Players
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
The cervical total disc replacement device market report table of contents includes:
1. Executive Summary
2. Cervical Total Disc Replacement Device Market Characteristics
3. Cervical Total Disc Replacement Device Market Trends And Strategies
4. Cervical Total Disc Replacement Device Market – Macro Economic Scenario
5. Global Cervical Total Disc Replacement Device Market Size and Growth
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32. Global Cervical Total Disc Replacement Device Market Competitive Benchmarking
33. Global Cervical Total Disc Replacement Device Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cervical Total Disc Replacement Device Market
35. Cervical Total Disc Replacement Device Market Future Outlook and Potential Analysis
36. Appendix
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