Cervical Total Disc Replacement Device Market, By Material (Metal-on-metal and Metal-on-biocompatible), By Design (Constrained, Semi-constrained, and Unconstrained), By End User (Hospitals, Ambulatory Surgical Center and Specialty Clinics, and Clinics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jun 2023

Code : CMI1763

Pages :160

Formats :

Excel and PDF

Industry : Medical Devices

Cervical Total Disc Replacement Device MarketSize and Trends

Global cervical total disc replacement device market is estimated to be valued at US$ 2.4 Billion in 2023 and is expected to exhibit a CAGR of 21.8% during the forecast period (2023-2030).

Figure 1. Global Cervical Total Disc Replacement Device Market Share (%), by Material, 2023

Global Cervical Total Disc Replacement Device Market- Drivers

Increasing strategies by the research institutes for increasing the pool of neurosurgeons in U.S. to drive the market growth during the forecast period

Increasing strategies by the research institutes for increasing the pool of neurosurgeons in U.S. is expected to drive the global cervical total disc replacement device market growth by 2030. For instance, on January 24, 2023, the American Society for Stereotactic and Functional Neurosurgery (ASSFN), a research institute focused on using the full potential of functional neurosurgery to improve patients’ lives through education, collaboration, innovation, and advocacy, announced that the Cerebrovascular Section of the American Association of Neurological Surgeons (AANS) and Congress of Neurological Surgeons (CNS) and the American Society for Stereotactic and Functional Neurosurgery (ASSFN) engaged in promoting the just-launched Neurosurgeon-Scientist Training Program (NSTP) of the Society of Neurological Surgeons (SNS). The NSTP was created by the SNS to expand the number of neurosurgery residents engaged in research and raise their likelihood of becoming self-sufficient neurosurgeon-scientists. For neurosurgery residents who are starting their protected research year or have recently finished their protected research year, the NSTP will act as a structured supervised research program.

Market Trends

The global cervical total disc replacement device market is expected to grow significantly by 2030 due to increasing organic growth strategies adopted by the key players such as commercializing the use of cervical total disc replacement system. For instance, in September 2022, Centinel Spine, Inc., one of the leading global medical device companies addressing cervical and lumbar spinal disease, announced the first implantation of its prodisc C Vivo Cervical Total Disc Replacement (TDR) product in the Western U.S. Prodisc C Vivo Cervical Total Disc Replacement (TDR) is a device intended to help restore the natural distance between two vertebrae and the natural motion of the lumbar spine. Thus, the increasing adoption of organic growth strategies by key players will help expand the global cervical total disc replacement device market growth by 2030.