Cervical Total Disc Replacement Market Size, Share, Growth, and Forecast to 2025
Posted by rekha on October 14th, 2019
The global cervical total disc replacement market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Increasing occurrence of cervical degenerative disc disorder, rise in number of suppliers investing in enhanced next-generation cervical total disc replacement devices, growth in aging population, changing lifestyle, rising healthcare awareness and increase in demand for innovative cervical total disc replacement devices are some key factors fostering the market growth. However, factors such as high cost related to artificial disc and reimbursement issues are some major factors hindering the market growth. In addition, investments on R & D and technological improvements are some trends for the market.
Global cervical total disc replacement market segmented on the basis of material type, end user and region.
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Metal on Biocompatible Material dominate the Global Cervical Total Disc Replacement Market
Based on material type, global cervical total disc replacement market is segmented intometal on biocompatible material and metal on metal. Metal on biocompatible material held considerable market growth during estimated period due to increasing adoption of metal on biocompatible materials for disc replacements.
Asia Pacific Leads the Global Cervical Total Disc Replacement market
PBI’s global cervical total disc replacement market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global cervical total disc replacement market with considerable CAGR due to large pool of patients and increasing healthcare expenditure in the region. Also, Europe held significant market share during estimated period owing to increasing support from various health insurance policies which cover cervical disc and otherdisc replacement surgeries.
Strategic Acquisition are the Key Strategies Adopted by Market Players
Global cervical total disc replacement market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In June 2017, DePuy Synthes Products, Inc. acquired Innovative Surgical Solutions, LLC, to expand their product portfolio.
Key player’s profiles in the report are Depuy Synthes (Johnson & Johnson Services Inc.) (U.S.), Medtronic (U.S.), NuVasive, Inc. (U.S.), Globus Medical, Inc., (U.S.) and LDR Holdings Corporation (U.S.).
Precision Business Insights (PBI) in its report titled “Global Cervical Total Disc Replacement Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Material Type
o Metal on Biocompatible material
o Metal on Metal
By End User
o Specialty Clinics
o Ambulatorysurgical centers
o North America
o Latin America
o Middle East and Africa (MEA)
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About the Authorrekha
Joined: July 26th, 2019
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