About Cervical Disc Prosthesis
Cervical Prosthesis is an orthopaedic disease which will be replaced or restored by cervical disc replacement. It is a procedure which enables the restoring of motion to the spine by replacing the degenerated and worn disc. Cervical Disc Prosthesis market is expected to mark significant growth over forecasted period owing to increasing due to prevalence of degenerative disc diseases, ageing population and product innovation such as advanced CDR devices. There has been significant rise in number of neck pain statistics with figure stood up to 75% in United States alone in 2018, the future for Cervical Disc looks promising. Further, increasing demand for the artificial intelligence expected to drive the market growth over the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The market is highly fragmented and competitive. Leading businesses engage in strategic initiatives like service expansion, aggressive pricing tactics, sales and marketing campaigns, joint ventures, and mergers and acquisitions. As an illustration, NuVasive Inc. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cervical Disc Prosthesis market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), Depuy Synthes (J&J) (United States), Globus Medical, Inc. (United States), NuVasive, Inc. (United States), LDR Holding Corporation (United States), Simplant LTD (United States) and Ranier Technology Limited (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Stryker Corporation (United States), AxioMed LLC (United States) and Zimmer Biomet Holdings, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cervical Disc Prosthesis market by Type (Metal on a Biocompatible Material (M-o-B) and Metal on Metal (M-o-M)), Application (Hospitals, Ambulatory Surgical Centers and Others) and Region.
On the basis of geography, the market of Cervical Disc Prosthesis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Value Oriented Consumers
Market Growth Drivers:
Rising Aging Population Leads to Boost the Cervical Disc Prosthesis Market., Rapid Demand for Advanced CDR Devices. and Increasing adoption of Cervical Disc replacement.
Challenges:
Lack of Awareness among the Customer are Anticipated to Challenge the Market. and Side Effects Associated Within Cervical Disc Prosthesis.
Restraints:
High Cost Associated within Cervical Disc Prosthesis. and Stringent Government Regulations Hampers the Market.
Opportunities:
Rise in Number of Suppliers Investing in Latest Technology. and Prevalence of Degenerative Discs Diseases.
Market Leaders and their expansionary development strategies
On 25th May 2021,In a deal worth USD 150 million, NuVasive purchased Simplify Medical, which created the Simplify Cervical Artificial Disc for cervical total disc replacement (cTDR). By offering comprehensive, procedurally integrated solutions for anterior cervical discectomy and fusion (ACDF), posterior cervical fusion (PCF), and cTDR procedures, NuVasive can now address all significant areas of the cervical spine.
In September 2019, Zimmer Biomet Launches launched a Mobi-C Cervical Disc Replacement at Japan which is beneficial in providing cTDR designed to restore a healthy disc height and maintain patient range of motion at the operated level.
Manufacturers or importers now have a formal route to request, in writing, that accessories be classified as separate from other devices. Regardless of the classification of any other device with which the accessory is intended to be used, the classification is based on the risks associated with the accessory when used as intended and the level of regulatory controls required to provide a reasonable assurance of safety and effectiveness.
Key Target Audience
Cervical Disc Prosthesis Manufacturers, Cervical Disc Prosthesis Traders, End-Use Market Participants of Different Segments of Cervical Disc Prosthesis, Government and Research Organizations, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.