Press release
Cervical Total Disc Replacement Device Market Distinguished Technology Development With Major Production Goals Analysis By 2026 | AxioMed Corporation, DePuy Synthes Spine, FH Orthopaedics, Globus Medical, LDR Holdings, Medicrea
Cervical total disc replacement devices is preferred in indications such as degenerative disc disorder etc. It is utilized in case there is no clinical improvement from pharmacological and physiotherapy intervention. There is another option against C-TDR which is traditionally used such as anterior cervical discectomy and fusion (ACDF). Cervical total disc replacement(C-TDR) carries advantage over the ACDF that it does not need use of bone graft therefore potential complications do not arise and there also less chances of failure. C-TDR also has low revision surgery rate. C-TDR preserves motion while acting as artificial disc in between two vertebrae. C-TDR comes with three designs such as constrained, semi constrained and unconstrained. They are made up of material such as stainless steel, cobalt, molybdenum and titanium. Biocompatible material such as PEEK are used in case metal over biocompatible type of C-TDR.Key players operating in the global cervical total disc replacement devices market include AxioMed Corporation, DePuy Synthes Spine, FH Orthopaedics, Globus Medical, LDR Holdings, Medicrea, Medtronic Sofamor Danek, NuVasive, Osimplant, Pioneer Surgical, Ranier Technology, Spinal Kinetics, Spinal Motion, and Stryker Corporation
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Market Dynamics
Major factor driving growth of the global cervical total disc replacement devices market is increasing prevalence of degenerative disc disorder and rise in aging population in the world. According data presented by American Academy of Orthopedic Surgeons in 2017, cervical radiculopathy (radiating pain from cervical disc degeneration), in which a compressed nerve initiates pain, numbness, or weakness in the neck and surrounding areas has an annual incidence of 107 in 100,000 for men and 64 in 100,000 for women in U.S. Cervical spondylitis also termed as osteoarthritis of cervical spine is also leading cause to drive the cervical total disc replacement devices market. Aging population is most vulnerable to cervical disk degeneration due worn out of disc with aging. Therefore aging population would drive the market during forecast period. According to statistics given by World Population prospect, globally there is more than 9 million people above age 60 which would increase to 1.3 billion by 2025
Key features of the study:
• This report provides in-depth analysis of cervical total disc replacement devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018 – 2026), considering 2017 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new Fixator launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global cervical total disc replacement devices market based on the following parameters – company overview, financial performance, Fixator portfolio, market presence, distribution strategies, key developments and strategies, and future plans
Increasing prevalence of cervical degenerative disc disorder and neck pain is expected to drive growth of the cervical total disc replacement devices
Increasing prevalence of cervical degenerative disc disorder is expected to propel growth of the total disc replacement devices market. According to an article ‘Global Burden of Disease’ published in the journal Lancet in 2016, neck pain is one of the most prevalent disease worldwide, which degrades the quality of life. Major cause for neck pain is chronic disease cervical degenerative disease. According to International Association for the Study of Pain factsheet in 2017, neck pain affects 30-50% general population annually, 15% of this population is projected to experience chronic neck pain in their lifetime.
Detailed Segmentation:
• Global Cervical Total Disc Replacement Devices Market, By Material:
◦ Metal on Metal
◦ Metal on Biocompatible
Innovative products by key players to drive growth of the cervical total disc replacement devices market
Several companies are launching the new products with better clinical safety and efficacy, which is expected to fuel growth of C-TDR market. Manufacturers are introducing new products with varying material and design aiming to provide better relief and simulation with natural cervical disc. In February 2018, Simplify Medical received the U.S. patent for innovative cervical motion preservation intellectual property (IP) portfolio.
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