Cervical Total Disc Replacement Device Market – Insights

Cervical disc replacement is a procedure used in the treatment of degenerative disc disease (DDD) in the cervical region from C3 to C7. In the procedure, an artificial disc is inserted in the vertebra with the help of minimal incision. Cervical disc replacement is performed to treat the degenerative disc disease.

The global cervical total disc replacement device market is estimated to account for US$ 5,961.1 Mn in terms of value by the end of 2027.

Global Cervical Total Disc Replacement Device Market: Drivers

Increasing prevalence of back pain and spinal DDD is expected to propel growth of the global cervical total disc replacement device market. For instance, in May 2018, researchers from Hebrew SeniorLife's Institute for Aging Research and Boston Medical Center reported that one-third of people 40-59 years have image-based evidence of moderate to severe DDD.

High healthcare expenditure and increasing health awareness is also expected to boost growth of the global cervical total disc replacement device market over the forecast period. For instance, according to the National Health Expenditure report, people in the U.S. spent over US$ 1 trillion on healthcare in 2018.

North America region held dominant position in the global cervical total disc replacement device market in 2018, accounting for 53.0% share in terms of volume, followed by Europe.

Figure 1. Global Cervical Total Disc Replacement Device Market Value (US$ Mn), by Region, 2018

Cervical Total Disc Replacement Device  | Coherent Market Insights

Global Cervical Total Disc Replacement Device Market: Restraints

Stringent and lengthy approval process is a major factor hindering growth of the global cervical total disc replacement device market. Cervical total disc replacement devices for fall under class III medical devices, which requires manufacturing companies to undergo costly and lengthy clinical trials to secure approvals.

Reimbursement cuts and poor reimbursement in certain countries is also expected to hamper the market growth over the forecast period. Reimbursement issues may pressurize manufacturers in certain countries to offer products at lower prices.

Global Cervical Total Disc Replacement Device Market: Opportunities

Increasing R&D in cervical total disc replacement technology is expected to offer lucrative growth opportunities for market players. For instance, in September 2019, researchers from Institute for Biomechanics, Switzerland, reported development of a method for controlled epigallocatechin 3-gallate delivery in the degenerated intervertebral disc. The approach is expected to restore the homeostasis of the degenerated intervertebral disc.

Moreover, development of next next-generation artificial disc devices is also expected to propel growth of the market. For instance, M6-C disc by - Orthofix Medical Inc., incorporates an artificial nucleus and a woven fiber annulus in order to offer the same motion characteristics of a natural disc.

Cervical Total Disc Replacement Device  | Coherent Market Insights

Metal on Biocompatible segment in the global cervical total disc replacement device market was valued at US$ 794.8 Mn in 2018 and is anticipate to reach US$ 5,132.5 Mn by 2027 at a CAGR of 23.1% during the forecast period.

Market Trends/Key Takeaways

Key players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in February 2019, Orthofix Medical Inc. acquired the business of Options Medical, LLC, a medical device distributor based in the U.S.

Key players in the market are also focused on using innovative technologies to expand their offering for the treatment of degenerative spine disease. For instance, in September 2019, The Johnson & Johnson Medical Devices Companies announced that DePuy Synthes launched the CONDUIT Interbody Platform with EIT Cellular Titanium Technology that expands its comprehensive offering for the treatment of degenerative spine disease.

Global Cervical Total Disc Replacement Device Market: Competitive Landscape

Major players operating in the global cervical total disc replacement device market include, LDR Holdings, Johnson & Johnson Services, Inc., Medtronic, Plc., Centinel Spine LLC, Orthofix Medical Inc., Globus Medical, Inc., and NuVasive, Inc.

Key Developments

Key players in the market are focused on conducting clinical trials to expand their product portfolio. For instance, in July 2019, Centinel Spine LLC received investigational device approval from the U.S. FDA to begin a two-level clinical trial for its prodisc C anterior cervical total disc devices: prodisc C Vivo and prodisc C SK.

Key players in the market are also focused on commercialization of their products to enhance their market share. For instance, in April 2019, Orthofix Medical Inc. announced the first commercial implants of patients with the M6-C artificial cervical disc.

Cervical total disc replacement devices are used for treating degenerative disc disorder in individuals when no pharmacological and physiotherapy intervention can be used for treatment. The degenerated disc is removed and replaced with artificial disc in the vertebra. Major advantages of cervical total disc replacement are rapid recovery after surgery, helps in maintaining full range of neck movement, cervical total disc replacement does not require the use of bone grafts thus eliminating risk of complication. Cervical total disc replacement devices are composed of material such as cobalt, molybdenum and titanium. Biocompatible material such as Polyetheretherketone (PEEK), a polycyclic, aromatic, thermoplastic polymer is also used in case metal over biocompatible type of C-TDR.

Key features of the study:

  • This report provides in-depth analysis of the Cervical total disc replacement device market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global Cervical total disc replacement device market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, LDR Holdings, Johnson & Johnson Services, Inc., Medtronic, Plc., Centinel Spine LLC, Orthofix Medical Inc., Globus Medical, Inc., and NuVasive, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Cervical total disc replacement device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Cervical total disc replacement device market

Detailed Segmentation:

  • Cervical Total Disc Replacement Device Market, By Material Type:
    • Metal on Biocompatible
    • Metal on Metal
  • Cervical Total Disc Replacement Device Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
  • Cervical Total Disc Replacement Device Market, By Region:
    • North America
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Material Type:
        • Metal on Biocompatible
        • Metal on Metal
      • By End User
        • Hospitals
        • Ambulatory Surgical Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • LDR Holdings *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Johnson & Johnson Services, Inc.
    • Medtronic, Plc.
    • Centinel Spine LLC
    • Orthofix Medical Inc.
    • Globus Medical, Inc.
    • NuVasive, Inc.
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Material Type
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Technological Advancements
    • Key Highlights
    • Epidemiology
    • Regulatory Scenario
    • PEST Analysis
    • Mergers and Acquisitions
  4. Global Cervical Total Disc Replacement Market, By Material Type, 2019 – 2027, (US$ Mn and Units)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Metal on Biocompatible
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
    • Metal on Metal
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million and Units)
  5. Global Cervical Total Disc Replacement Market, By End User, 2019 – 2027, (US$ Mn and Units)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and Units)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size, Volume and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn and Units)
  6. Global Cervical Total Disc Replacement Market, By Region, 2019 – 2027, (US$ Mn and Units)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million and Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • U.S.
        • Canada
    • Latin America
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size, Volume and Forecast, By Material Type, 2016 – 2027, (US$ Million Units)
      • Market Size, Volume and Forecast, By End User, 2016 – 2027, (US$ Mn and Units)
      • Market Size, Volume and Forecast, By Country, 2016 – 2027, (US$ Mn and Units)
        • South Africa
        • Central Africa
        • North Africa
  7. Competitive Landscape
    • Company Profiles
      • LDR Holdings
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Johnson & Johnson Services, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic, Plc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Centinel Spine LLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Orthofix Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Globus Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NuVasive, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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