Cervical Total Disc Replacement Device Market Analysis | CMI

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CERVICAL TOTAL DISC REPLACEMENT DEVICE MARKET
ANALYSIS

• Cervical Total Disc Replacement Devices Market,
  By Material (Metal-on-metal and
  Metal-on-biocompatible), By Design (Constrained,
  Semi-constrained, and Unconstrained), By End User
  (Hospitals, Ambulatory Surgical Centers, and
  Clinics), and By Region (North America, Latin
  America, Europe, Asia Pacific, Middle East, and
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2019 - 2027
• The global cervical total disc replacement device
  market is estimated to be valued at US 1,105.1
  million in 2019 and is expected to exhibit a CAGR
  of 21.7 during the forecast period (2019-2027).

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Figure 1. Global Cervical Total Disc Replacement
Devices Market Share (), by Material, 2019 and
2027
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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 Medtronics Prestige LP cervical disc
  for treatment of cervical disc degeneration/diseas
  e causing nerve or spinal cord compression at two
  adjacent levels between the C3-C7 segments of the
  neck. The Prestige LP disc is Medtronics third
  clinically-proven artificial cervical disc and it
  is the first to be determined safe and effective
  for both one- and two-level procedures.

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Market Restraints

• High cost associated with cervical total disc
  replacement which includes artificial disc
  replacement surgeries and spinal fusion surgeries
  is expected to hamper the cervical total disc
  replacement device market growth in the near
  future. For instance, the average cost of
  specific disc replacement surgery procedure
  ranges between US 16,000 to US 46,000 in
  different states of the U.S.
• Moreover, alternative therapies such as
  physiotherapy and special exercises are also used
  for treatment of cervical disc degenerative
  disease, which is expected to hamper growth of
  the cervical total disc replacement device market
  during the forecast period. According to data
  published in Toronto Physiotherapy Journal in
  January 2014, physiotherapy is the most preferred
  first line treatment for degenerative disc
  diseases such as cervical disc degeneration and
  other spine degeneration disorders in the aging
  population.

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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.

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Figure 2 Global Cervical Total Disc Replacement
Devices Market Share (), By Region
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Market Competitive Landscape

• 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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