Press release
Cervical Total Disc Replacement Device Global Market Analysis, Trends, Growth, Research And Forecast 2033
The new report published by The Business Research Company, titled "Cervical Total Disc Replacement Device Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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Surging Demand For Cervical Total Disc Replacement Devices Amid Rising Spine-Related Injuries
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.
Innovative Developments In The Cervical Total Disc Replacement Devices
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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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
Contents of the report:
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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