Cervical Disc Replacement Market - Forecast(2021 - 2026)

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Cervical Disc Replacement Market Overview
Cervical Disc Replacement Market size is forecast to reach $3.82 billion by 2025, growing at a CAGR of 13.8% during the forecast period 2020-2025. Rise in aging population and increase in demand for advanced cervical disc replacement devices are the major factors driving the growth of the market. Rise in suppliers investing in improved next generation cervical disc replacement devices and low surgery rate of cervical disc replacement surgery is set to further enhance the overall market demand of cervical disc replacement during the forecast period 2020-2025. 

Report Coverage
The report: “Cervical Disc Replacement Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cervical Disc Replacement Market. 

By Type: Metal on a Biocompatible Material(M-o-B), Metal on Metal (M-o-M)
By Design: Constrained, Semi-Constrained, Unconstrained
By End User: Hospitals & Clinics, Ambulatory Surgical Centers, Diagnostic Laboratories, Others
By Geography: North America, Europe, Asia-Pacific, Rest of World(RoW)

Key Takeaways
  • North America dominated the Cervical Disc Replacement Market in 2019 owing to the increasing number of product launches by key players and the increasing healthcare expenditures. The Cervical Disc Replacement Market scope for different regions will be provided in the final report.
  • The increasing prevalence of degenerative disc disorders and the growing geriatric population across the globe is likely to aid in the market growth of cervical disc replacement market.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Cervical Disc Replacement Market report.
  • High cost associated with cervical disc replacement which includes artificial disc replacement surgeries and spinal fusion surgeries is poised to create hurdles for the Cervical Disc Replacement Market.

Design- Segment Analysis
The unconstrained segment held the largest share in the Cervical Disc Replacement Market in 2019 and is estimated to grow at a CAGR of 10.51% during the forecast period 2020-2025. The growth in this segment can be attributed to the benefits offered by these devices. Unconstrained multi-piece l cervical discs replacement products are prone to anterior migration and extrusion out of the disc space. This outcome deserves attention in individuals with a hypermobile neck or an occupation involving the use of a head-supported mass, such as helmets. Unconstrained design is set to be the fastest growing segment and is estimated to register a highest CAGR during the forecast period 2020-2025.

End User - Segment Analysis
Hospitals held major share in the Cervical Disc Replacement Market in 2019 owing to the increase number of spinal surgery. Spinal surgery is an effective treatment for patients suffering from spinal cord disorders and modifications in reimbursement policies are encouraging a larger number of patients in developed countries to opt for these treatments. Increasing number of outpatient procedures is among the economic variables affecting the cervical disc replacement market. A rapid shift from inpatient to outpatient surgeries for spine-related diseases is estimated to create potential for the rapid growth of the cervical disc replacement market in the near future.

Geography - Segment Analysis
North America dominates the cervical disc replacement market with a share of more than 42.7%, followed by Asia Pacific. North America dominates the cervical disc replacement market owing to surging geriatric population, rising healthcare expenditure, improving economy, expanding private healthcare sector and growing awareness among the patients about the availability of various treatment option. Increase in demand for advanced cervical disc replacement  devices, surge in prevalence of degenerative disc diseases and rise in number of suppliers investing in improved next-generation cervical  disc replacement devices has boosted the growth of the cervical disc replacement market in North America.

However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to rising healthcare expenditure, increasing per capita income, coupled with surge in geriatric population. Moreover, Japan is projected to account for the largest market share in the APAC region. Growing aging population, low revision surgery rate of cervical disc replacement surgery and increasing demand for advanced innovative cervical disc replacement device for treatment of degenerative disc disease, ongoing clinical traits of innovative products are major factors leading to increased demand for cervical disc replacement devices, thereby fueling growth of the cervical disc replacement device market in Asia Pacific region.

Drivers – Cervical Disc Replacement Market 

  • Rise in aging population and increase in demand for advanced cervical disc replacement devices  
Rise in aging population and increase in demand for advanced cervical displacement devices are boosting the growth of the cervical disc replacement market. Nowadays there is a growth in the cervical disc replacement surgery owing to the rising prevalence of pseudo-arthrosis.Changing lifestyles, growth in aging population and improved government funding is some of the other factor responsible for the growth of the cervical disc replacement market. Moreover, rising healthcare awareness is also estimated to further contribute to the global market.

  •  Increasing prevalence of degenerative disc disorders
Cervical disc replacement device is used to treat patients suffering from degenerative disc disorders .Neck pain is the major cause for development of degenerative disc disorders in cervical region of the spine. Cervical disc replacement procedure is performed for treatment of degenerative disc disorders, where the degenerated disc is removed surgically and an artificial disc is implanted in the vertebra. This is a minimal incision surgery, which results in quick recovery post-surgery, short hospital stay and low revision surgery rate. Various benefits of this procedure is increasing adoption rate of this surgery over conventional spinal fusion surgery. Degenerative disc disorders is treated through spinal fusion surgery, but owing to high rate of revision surgery and increasing prevalence of adjacent segment disc degeneration post fusion surgery, doctors are considering cervical disc replacement over spinal fusion and hence boosting the cervical disc replacement market.

Challenges – Cervical Disc Replacement Market
 
  • High cost associated with cervical total disc replacement
Some of the factors that can impede the growth of cervical disc replacement market are high cost associated with cervical  disc replacement which includes artificial disc replacement surgeries and spinal fusion surgeries along with the  spine degeneration disorders in the aging population and nucleus replacement devices.

Cervical Disc Replacement Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the cervical disc replacement market. In 2019, Cervical Disc Replacement Market share is consolidated by the top ten players present in the market. Cervical Disc Replacement  top 10 companies are Medtronic plc, Depuy Synthes , Globus Medical Inc., NuVasive, Inc., LDR Holding Corporation,Orthofix International N.V. , Simplant LTD, Ranier Technology Limited, Globus Medical Inc ,Stryker Corporation, AxioMed LLC and Zimmer Biomet Holdings Inc.among others.

Acquisitions/Product Launches
  • In June 2016, Zimmer Biomet acquired LDR to enhance innovations as well as grow its spine business.
  • In March 2018, Orthofix International N.V. entered into a definitive agreement to acquire Spinal Kinetics Inc., a manufacturer of cervical and lumbar discs.
  • In January 2019, Globus Medical, Inc. announced that its SECURE-C Cervical Artificial Disc is covered by Anthem.

1. Cervical Disc Replacement Market - Overview
    1.1 Definitions and Scope
2. Cervical Disc Replacement Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Design
    2.4 Key trends by Geography
3. Cervical Disc Replacement Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Cervical Disc Replacement Market - Startup Companies Scenario (Premium)
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Cervical Disc Replacement Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Cervical Disc Replacement Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Cervical Disc Replacement Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Cervical Disc Replacement Market – By Type (Market Size –$Million/$Billion)
    8.1 Metal on a Biocompatible Material (M-o-B)
    8.2 Metal on Metal (M-o-M)
9. Cervical Disc Replacement Market – By Design (Market Size –$Million/$Billion)
    9.1 Constrained
    9.2 Semi Constrained
    9.3 Unconstrained
10. Cervical Disc Replacement Market  – By End User (Market Size –$Million/$Billion)
    10.1 Hospitals & Clinics
    10.2 Ambulatory Surgical Centers
    10.3 Diagnostic Laboratories
    10.4 Others
11. Cervical Disc Replacement Market - By Geography 
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia
        11.3.6 New Zealand
        11.3.7 Rest of APAC
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Cervical Disc Replacement Market - Entropy
13. Cervical Disc Replacement Market – Industry/Segment Competition Landscape (Premium) 
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Best Practices for Companies
14. Cervical Disc Replacement Market – Key Company List by Country Premium (Premium)
15. Cervical Disc Replacement Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
1.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Global Industry Research
1.2 Metal On Metal Market 2019-2024 ($M) - Global Industry Research
2.Global Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
2.1 Hospital Market 2019-2024 ($M) - Global Industry Research
2.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Global Industry Research
3.Global Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 (Volume/Units)
3.1 Metal On A Biocompatible Material Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Metal On Metal Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Global Cervical Disc Replacement Market, By End User Market 2019-2024 (Volume/Units)
4.1 Hospital Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Ambulatory Surgical Center Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
5.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Regional Industry Research
5.2 Metal On Metal Market 2019-2024 ($M) - Regional Industry Research
6.North America Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
6.1 Hospital Market 2019-2024 ($M) - Regional Industry Research
6.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Regional Industry Research
7.South America Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
7.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Regional Industry Research
7.2 Metal On Metal Market 2019-2024 ($M) - Regional Industry Research
8.South America Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
8.1 Hospital Market 2019-2024 ($M) - Regional Industry Research
8.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Regional Industry Research
9.Europe Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
9.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Regional Industry Research
9.2 Metal On Metal Market 2019-2024 ($M) - Regional Industry Research
10.Europe Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
10.1 Hospital Market 2019-2024 ($M) - Regional Industry Research
10.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Regional Industry Research
11.APAC Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
11.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Regional Industry Research
11.2 Metal On Metal Market 2019-2024 ($M) - Regional Industry Research
12.APAC Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
12.1 Hospital Market 2019-2024 ($M) - Regional Industry Research
12.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Regional Industry Research
13.MENA Global Cervical Disc Replacement Market, By Material Type Market 2019-2024 ($M)
13.1 Metal On A Biocompatible Material Market 2019-2024 ($M) - Regional Industry Research
13.2 Metal On Metal Market 2019-2024 ($M) - Regional Industry Research
14.MENA Global Cervical Disc Replacement Market, By End User Market 2019-2024 ($M)
14.1 Hospital Market 2019-2024 ($M) - Regional Industry Research
14.2 Ambulatory Surgical Center Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
2.Canada Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
3.Mexico Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
4.Brazil Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
5.Argentina Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
6.Peru Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
7.Colombia Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
8.Chile Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
9.Rest of South America Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
10.UK Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
11.Germany Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
12.France Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
13.Italy Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
14.Spain Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
16.China Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
17.India Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
18.Japan Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
19.South Korea Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
20.South Africa Cervical Disc Replacement Market Revenue, 2019-2024 ($M)
21.North America Cervical Disc Replacement By Application
22.South America Cervical Disc Replacement By Application
23.Europe Cervical Disc Replacement By Application
24.APAC Cervical Disc Replacement By Application
25.MENA Cervical Disc Replacement By Application
26.Medtronic Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Depuy Synthes, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Globus Medical, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Nuvasive, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Ldr Holding Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Simplant Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Ranier Technology Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Stryker Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Axiomed Llc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Zimmer Biomet Holdings, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)