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Cervical Total Disc Replacement Devices Market Emerging Technology, Growth And Key Players Insights and Growing Demand | Stryker Corporation, Medtronic Plc, Zimmer Biomet Holdings, Inc.

01-14-2021 04:56 AM CET | Health & Medicine

Press release from: Coherent Market Insights

Cervical Total Disc Replacement Devices Market

Cervical Total Disc Replacement Devices Market

Cervical Total Disc Replacement Devices Market Report evaluated the historical and current performance of the market, especially highlighting the key trends and growth opportunities. Cervical Total Disc Replacement Devices market report discussed this scenario of market size with reference to volume and share. Cervical Total Disc Replacement Devices market report contains the expansion pattern by the corporate, applications, types, and regions from 2020 -2025. Cervical Total Disc Replacement Devices market report also covers an in-depth analysis of the competitive landscape, future development trends, and key manufacturers of the industry. The recovery from COVID-19 is also being shared through this report discussed with the expertise in the industry.

Key players operating in the global cervical total disc replacement devices market are Stryker Corporation, Medtronic Plc, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., FH Orthopedics, Orthofix Medical Inc., NuVasive Inc., and Centinel Spine, Inc.

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Degenerative disc disease worsens with increasing age and reduces the moving ability of the human body. Increasing prevalence of degenerative disc disease is expected to drive the market growth. For instance, according data presented by the American Academy of Orthopedic Surgeons in 2017, cervical radiculopathy has affected 107 in 100,000 for men and 64 in 100,000 for women in the U.S. Moreover, various technological developments, FDA approvals, and new clinical trials in the recent years are driving the growth of the cervical total disc replacement device market. For instance, in March 2015, Simplify Medical, Inc. developed a MRI compatible artificial disc, Simplify Disc, which was approved by the European medical device regulatory authority.

Global Cervical Total Disc Replacement Devices Market Drivers

Major factors driving growth of the global cervical total disc replacement devices market are the increasing prevalence of degenerative disc disorders and the growing geriatric population across the globe.

According to data presented by the 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, had an annual incidence of 107 in 100,000 for men and 64 in 100,000 for women in the U.S. Frequent product approvals is another major factor contributing to the market growth. For instance, in March 2019, AxioMed LLC, received CE mark approval for its Cervical Freedom Total Disc Replacement. Moreover, 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. The Prestige LP disc is Medtronic’s third clinically-proven artificial cervical disc and it is the first to be determined safe and effective for both one- and two-level procedures.

Global Cervical Total Disc Replacement Devices Market - Regional Analysis

Regional segmentation of the global cervical total disc replacement devices market includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among the regions, the North America cervical total disc replacement devices market is expected to show significant growth during the forecast period, owing to the increasing number of product launches by key players. For instance, in March 2019, Atlas Spine Inc. announced the product launch of its HiJak AC expandable cervical interbody fusion device. Moreover, the increasing healthcare expenditure is expected to boost growth of the global cervical total disc replacement device market in this region during the forecast period. For instance, according to the National Health Expenditure report, people in the U.S. spent over US$ 1 trillion on healthcare in 2018.

Research and development of cervical total disc replacement technology is expected to offer lucrative growth opportunities to market players in Europe. For instance, in September 2019, researchers from the Institute for Biomechanics, Switzerland reported development of a method for controlled epigallocatechin 3-gallate delivery in the degeneration of the intervertebral disc. The approach is expected to restore the homeostasis of the degeneration of the intervertebral disc. Moreover, availability of CE marked products such as Freedom Cervical Disc developed by AxioMed LLC. in the region is contributing to growth of the Europe cervical total disc replacement device market.

Important Features that are under Offering and Key Highlights of the Reports:

A complete analysis, which has an assessment of the parent market
Additionally, the market has been evaluated using the SWOT and ValueChain Analysis.
This analysis is conducted by following product benchmarking, positioning, and monitoring the top competitors within the market
Historical, present, and projected size of the market from the standpoint of both value and volume
It offers a comprehensive analysis of North America, Europe, Asia-Pacific, and LAMEA to know the regional trends.
Reporting and evaluation of the latest industry developments

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The study objectives of Cervical Total Disc Replacement Devices Market report are:

To analyze and forecast the market size of Cervical Total Disc Replacement Devices, in terms of value and volume.
To provide strategic profiling of key players within the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
To classify and forecast Global Cervical Total Disc Replacement Devices based on the product, application, distribution, and regional distribution.
To provide past, present and forecast revenue of the market segments and sub-segments of four main geographies and their countries- North America, Europe, Asia, etc. and the rest of the world
To conduct the pricing analysis for Cervical Total Disc Replacement Devices.
To provide country-level analysis of the marketplace for segment by application, product type, and sub-segments.

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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