Cervical Total Disc Replacement (CTDR) Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Cervical Total Disc Replacement (CTDR) Market: The pseudo arthrosis prevalence is leading cause of anterior cervical disc fusion surgery. Increase in the aging population, changing lifestyle and improved government are expected to boost the cervical total disc replacement market globally. In addition, increase in healthcare awareness about cervical disorders is also fuelling the growth of the market. However, side effects that associated with the surgery, nucleus replacement devices, and healthcare reimbursement issues are major factors hampering the growth of global cervical total disc replacement market.
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Cervical total disc replacement market is segmented on the basis of material type, end-user, and region.
Based on the material type, the cervical total disc replacement device market is segmented into:
• Metal on Biocompatible material
• Metal on Metal
Based on end-user, the cervical total disc replacement device market is segmented into
• Specialty Clinics
• Hospitals
• Ambulatory surgical centers
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Conventionally, DDD is treated through spinal fusion surgery, but due to the high rate of revision surgery and increasing the prevalence of adjacent segment disc degeneration post fusion surgery, doctors prefer cervical disc replacement over spinal fusion. Major players in the market are proactively providing training to spine surgeons, thus, ensuring efficient handling of their respective products. LDR Holding Corporation, which has emerged as a major player in the market after receiving its first FDA clearance in 2013 for Mobi-C Cervical Disc for both one- and two-level cervical disc replacement
Geographically cervical total disc replacement market is segmented as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America region is expected to be major contributor to cervical total disc replacement market owing to favourable reimbursement policies and increase in cervical disc replacements performed in the region. In Western Countries incidence of neck pain is higher as compared to APAC regions. APAC region cervical total disc replacement market is expected to grow at a significant rate due to the huge population base in the region. In terms of revenue North America expected to contribute more, followed by APAC and Europe. Middle East and Africa cervical disc replacement market remains untapped, and showing lucrative growth opportunity over the forecast period.
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Some of the market players in cervical total disc replacement market are Depuy Synthes (a Johnson & Johnson Services Inc.) (U.S.), Medtronic (U.S.), NuVasive, Inc. (U.S.), Globus Medical, Inc., (U.S.), and LDR Holdings Corporation (U.S.) to name a few.
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