Artificial Cervical Disc Market Overview
According to the MRFR reports, the global artificial cervical disc market is anticipated to cross a market valuation of over USD 6,262.1 million while registering a healthy CAGR of approximately 19% by the end of 2027.
An artificial cervical disc refers to a medical device engineered to substitute a natural disc in the neck-through disc replacement surgery. It is a gradual process, which substitutes the function of a diseased or damaged spinal disc. The global artificial cervical disc market has been witnessing massive growth over recent years. The market’s growth is being driven by the factors such as the rising geriatric population in developed and developing economies, technological advancements in artificial discs, and the growing occurrence of degenerative diseases and orthopedic diseases. Furthermore, rising investments in healthcare infrastructure, increasing disposable income, growing acceptance of implantation, supportive reimbursement, and rising healthcare expenditure are also anticipated to boost the performance of the artificial cervical disc market over the review timeframe. However, the market performance is likely to be hampered by the factors such as availability of alternatives, high cost of implants, government rules and regulations, and lack of skilled personnel.
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The global artificial cervical disc market is divided into several segments based on product type, material, end-user, and region.
The global artificial cervical disc market is split into lumbar disc and cervical disc based on product type.
Based on the material, the market is bifurcated into Metal-on-biopolymer and Metal-on-metal material
By end-user, the artificial cervical disc market is bifurcated into ambulatory surgical centers and hospitals.
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The global artificial cervical disc market is studied across five major regions: North America, South America, Europe, Asia-Pacific, and the Middle East & Africa.
The North American regional market for the artificial cervical disc is likely to secure the top position globally with the highest market share. The regional market’s growth is being driven by the higher success rate of artificial disc replacement surgeries and the growing geriatric population across the region. Furthermore, the growing awareness among the patients regarding the availability of numerous treatment options.
The Asia-Pacific regional artificial cervical disc market is anticipated to register the fastest growth rate over the assessment timeframe. The advancements are mainly driving the growth of the regional market in healthcare infrastructure. Furthermore, the factors such as growing medical tourism in emerging economies, large population, and increasing spending on healthcare are also projected to boost the performance of the regional market.
The players in the artificial cervical disc are coming up with several strategies to strengthen their market position. Many of the leading players are making investments in R&D activities to launch innovative technologies. The list of leading players in the global artificial cervical disc market includes companies such as Spineart (Switzerland), Globus Medical Inc (US), Medicrea (France), Orthofix Company (US), Zimmer Biomet Holdings Inc. (US), FH Orthopedics (France), Braun Melsungen AG (Germany), Aditus Medical (Germany), Centinel Spine, LLC (Switzerland), AxioMed (US), Medtronic PLC (Ireland), Simplify Medical (US), Nuvasive Inc. (US), Alphatec Spine (US), Johnson & Johnson (US), and many others.
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August 2021- a global medical device company with a spine and orthopedics focus, Orthofix Medical Inc., announced the first patient implant in the US FDA clinical study, which will examine the effectiveness and safety of the M6-C™ artificial cervical disc in comparison with the anterior cervical discectomy and fusion (ACDF) to treat contiguous two-level symptomatic cervical radiculopathy.
April 2021- NuVasive has got FDA approval for its Simplify Cervical Artificial Disc, which allows device use in two-level cervical total disc replacement (cTDR) procedures. As per the company statement, the Simplify Disc proved clinical superiority at 24 months in comparison with the anterior cervical discectomy and fusion (ACDF) substitutes. The disc has become the third device to have the approval to be used in two-level cTDR procedures.
TABLE OF CONTENTS
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
3. RESEARCH METHODOLOGY
3.2. Data Mining
3.3. Secondary Research
3.4. Primary Research
3.4.1. Primary Interviews And Information Gathering Process
3.4.2. Breakdown Of Primary Respondents
3.5. Forecasting Techniques
3.6. Market Size Estimation
3.6.1. Bottom-Up Approach
3.6.2. Top-Down Approach
3.7. Data Triangulation
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
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