Cervical Total Disc Replacement Devices Market Analysis, Manufacturing Cost Structure, Growth Opportunities and Restraint to 2021

Published On:May 17, 2017, 6:23 pm

Cervical total disc replacement (CTDR) devices are used for treating patients suffering from degenerative disc disorders (DDD). These devices are meant to reinstate motion to the spine by replacing the degenerated and worn disc. Major cause for developing DDD in the spine’s cervical region, is neck pain. In this procedure, the affected disc is surgically removed and a prosthetic artificial disc in implanted in the vertebra. It is considered as a minimal incision surgery (MIS) and post surgery, it leads to rapid recovery, minimum hospital stay, and reduced revision surgery rate. This particular condition can possibly be a resultant of predisposition for spinal diseases owing to genetic diseases, obesity, accidental injuries, age, and many other occupational risk elements, etc. Several advantages of this method are escalating the adoption rate of this surgery as compared to tradition spinal fusion surgery. Normally, DDD is treated with the help of spinal fusion surgery, however, owing to superior rate of revision surgery and escalating occurrence of adjacent segment disc degeneration after fusion surgery, several medical care experts are considering cervical disc replacement over spinal fusion. The cervical disc replacement devices generally comprises of a ridged body on the outer side, which is built with a soft inner core for the treatment.

In 2014, the global cervical total disc replacement devices market was evaluated at USD 614.4 million, and the market is projected to grow lucratively while registering at a substantial CAGR during the forecast period. Technological enhancements with respect to CTDR devices, steady investment in research and development and upsurge in mergers and acquisitions, are the two major trends in the cervical total disc replacement market on a global level. Besides, increasing geriatric population, reduced revision surgery rate and elevated need for advanced and novel CTDR device for treating both class I and class II degenerative disc disease are a few factors responsible for the growth of this market industry on a global level. Moreover, more and more number of market suppliers interested in investing in enhanced next generation CTDR devices like Secure-CR cervical artificial disc and research and clinical trials for newest devices are predicted to promote the overall growth of CTDR devices market. Escalating occurrences of degenerative disc disorders will propel the market growth of this industry.

The key market players of the global cervical total disc replacement devices market are Johnson & Johnson, Synthes, Medtronic, Applied Spine Technologies, Abbott Laboratories, AxioMed, Innovative Spinal Technologies, Stryker, Globus Medical, Depuy Synthes, ZimmerBiomet, Dynamic Spine, Ranier Technology, LDR Holding, and NuVasive. Geographical segmentation of this industry’s market is North America, China, Japan, Europe, Southeast Asia, and India. Based on the type of the product this market is categorized into Mobi-C Cervical Total Disc Replacement Devices, ProDisc-C Cervical Total Disc Replacement Devices, and many others. Lastly, depending on the end user applications, this market is split into research institutes, hospitals and others.

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