DEGENERATIVE DISC DISEASE TREATMENT MARKET ANALYSIS

Market Challenges And Opportunities

Global Degenerative Disc Disease Treatment Market - Drivers

Increasing adoption of inorganic strategies such as product launch by key market players is expected to drive the global degenerative disc disease treatment market growth over the forecast period. For instance, in December 2020, NuVasive, Inc., a medical device company, announced that they launched C360 cervical spine portfolio. They had also announced commercial launch of new Anterior Cervical Plating system which is designed to minimize common postoperative complications such as dysphagia, malalignment and adjacent level ossification.

Global Degenerative Disc Disease Treatment Market: Restraint

Increasing number of product recalls by regulatory authorities such as the U.S. Food and Drug Administration is expected to hinder the market growth over the forecast period. For instance, in January 2021, the U.S. Food and Drug Administration recalled cervalign anterior cervical plate system-cervalign, intended for anterior cervical fixation of degenerative disc disease, which was manufactured by RTI Surgical, a surgical implant company. The product was recalled because the locking mechanism had been observed to disassociate intraoperatively and postoperatively resulting in replacement.