Product Code: GVR-4-68039-952-3
Cervical Disc Prosthesis Market Growth & Trends:
The global cervical disc prosthesis market size is anticipated to reach USD 0.70 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a lucrative CAGR of 12.3% from 2022 to 2030. Key factors driving the market growth include the rising prevalence of degenerative disc disease and the growing demand for minimally-invasive procedures. More back and neck disorders can now be addressed with a minimally invasive surgical procedure due to technical advancements in recent years. Because Minimally Invasive Spine Surgery (MISS) does not require a big incision, it reduces the risk of major injury to the muscles surrounding the spine and allows the doctor to see only the area of the spine where the problem arises.
Owing to these approaches, such as using fewer devices, the surgical field (also known as exposure) is smaller, resulting in less pain and a speedier recovery. These factors are expected to drive the overall market. The cervical disc prosthesis business decreased as a result of the COVID-19 pandemic, notably in 2020. All elective surgeries, including spine surgery, were postponed between March 17 and June 8, 2020, and hospitalswere transformed into a recognized COVID-19 treatment facilities. As a result, such variables have a detrimental impact onmarket growth. Many emerging nations' healthcare reforms are extending treatment access to a larger proportion of their people, which is expected to stimulate the demand for healthcare-related items, particularly spinal surgery products.
Increasing economic affluence in major developing regions would boost the demand for such products, resulting in market expansion. Due to the growing geriatric population and greater success rate for cervical disc replacements, North America is anticipated to account for a sizable portion of the market. In the U.S., almost 80 million adults have lower back pain at some point in their lives, according to the National Institute of Neurological Disorders and Stroke. One of the most frequent excuses for missing work in the U.S. is back pain. Every year, back pain symptoms are reported by 50% of Americans who are employed. A significant portion of the expansion of the regional market as a whole is also being driven by the rising healthcare spending and the presence of established healthcare infrastructure.
Cervical Disc Prosthesis Market Report Highlights:
- An increasing number of trauma-related and sports-related injuries and orthopedic surgeries is expected to boost the market growth
- The Metal-On-Polymer (M-o-P) disc type segment dominated the market in 2021 owing to an increase in the overall success rate of metal-polymer artificial disc replacement operations
- The cobalt material segment held the largest share of the market in 2021 and is also expected to register the fastest CAGR over the forecast period
- This growth is owing to their excellent biocompatibility and corrosion resistance, CoCr alloys have little danger of irritability, allergic reaction, or immunological response, which is expected to propel the growth of this segment
- The hospitals segment held the largest market share in 2021. The hospital segment will be driven by technologically sophisticated implants that are available in hospitals for treating and diagnosing cervical spine problems
- Another factor driving the market is the rising demand for prostheses for patients with myelopathy, radiculopathy, and severe neck discomfort
Table of Contents
Chapter 1 Research Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.1.1 Regional Scope
- 1.1.2 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 Gvr's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information Or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.7 List of Secondary Sources
- 1.8 List of Primary Sources
- 1.9 Report Objectives
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Cervical Disc Prosthesis Market Outlook
- 2.2.1 Segment Outlook
- 2.2.2 Regional Outlook
- 2.2.3 Competitive Outlook
- 2.2.4 Cervical Disc Prosthesis Market Outlook, 2017 - 2030 (USD Million)
- 2.3 Cervical Disc Prosthesis Market Summary, 2021
Chapter 3 Cervical Disc Prosthesis Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Analysis
- 3.1.2 Ancillary Market Analysis
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Cervical Disc Prosthesis Market Dynamics
- 3.3.1 Market Driver Analysis
- 3.3.1.1 Growing Adoption Of Minimally Invasive Surgeries
- 3.3.1.2 Increasing Geriatric Population
- 3.3.1.3 Growing Cervical Degenerative Disc Disease
- 3.3.2 Market Restraint Analysis
- 3.3.2.1 High Costs And Risks Associated With Surgery
- 3.4 Cervical Disc Prosthesis Market Analysis Tools: Porters
- 3.4.1 Bargaining Power Of Suppliers: Moderate To High
- 3.4.2 Bargaining Power Of Buyers: Moderate
- 3.4.3 Threat Of Substitutes: Moderate To High
- 3.4.4 Threat Of New Entrants: Low
- 3.4.5 Competitive Rivalry: Moderate To High
- 3.5 PESTLE Analysis (Political & Legal, Economic, Social, Technological, and Environmental Landscape)
- 3.5.1 Political/Legal Landscape
- 3.5.2 Economic Landscape
- 3.5.3 Social Landscape
- 3.5.4 Technology Landscape
- 3.5.5 Environment Landscape
- 3.6 Regulatory Framework
- 3.7 Investment Opportunity Analysis
- 3.8 Pricing Analysis
- 3.9 Estimated Number of Procedures, 2021
- 3.10 Technology Overview
Chapter 4 Cervical Disc Prosthesis Market: Competitive Analysis
- 4.1 Market Participation Categorization
- 4.2 Public Companies
- 4.2.1 Company Market Position Analysis
- 4.2.2 Synergy Analysis: Major Deals & Strategic Alliances
Chapter 5 Cervical Disc Prosthesis Market: COVID Impact Analysis
- 5.1 Current and Future Impact Analysis
- 5.2 Impact on Market Players
Chapter 6 Cervical Disc Prosthesis Market: Disc Type Estimates & Trend Analysis
- 6.1 Disc Type Market Share Analysis, 2021 & 2030
- 6.2 Disc Type Dashboard
- 6.2.1 Metal On Polymer (M-O-P)
- 6.2.1.1 Metal On Polymer (M-O-P) Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 6.2.2 Metal On Metal (M-O-M)
- 6.2.2.1 Metal on Metal (M-o-M) market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Cervical Disc Prosthesis Market: Indication Estimates & Trend Analysis
- 7.1 Indication Market Share Analysis, 2021 & 2030
- 7.2 Indication Dashboard
- 7.2.1 Myelopathy
- 7.2.1.1 Myelopathy Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.2 Radiculopathy
- 7.2.2.1 Radiculopathy Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 7.2.3 Neck Pain
- 7.2.3.1 Neck Pain market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 Cervical Disc Prosthesis Market: Material Estimates & Trend Analysis
- 8.1 Material Market Share Analysis, 2021 & 2030
- 8.2 Material Dashboard
- 8.2.1 Stainless Steel
- 8.2.1.1 Stainless Steel Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.2.2 Cobalt Chromium-Chrome
- 8.2.2.1 Cobalt Chromium-Chrome Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.2.3 Titanium
- 8.2.3.1 Titanium Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.2.4 Others
- 8.2.4.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 9 Cervical Disc Prosthesis Market: End-use Estimates & Trend Analysis
- 9.1 End-Use Market Share Analysis, 2021 & 2030
- 9.2 End-Use Dashboard
- 9.2.1 Hospitals
- 9.2.1.1 Hospitals Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 9.2.2 Orthopedics And Trauma Centers
- 9.2.2.1 Orthopedics and trauma centers market estimates and forecasts, 2017 - 2030 (USD Million)
- 9.2.3 Others
- 9.2.3.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 10 Cervical Disc Prosthesis Market: Regional Estimates & Trend Analysis, by Product, Services and End-Use
- 10.1 Regional Market Snapshot
- 10.2 Regional Market Share Analysis, 2021 & 2030
- 10.3 North America
- 10.3.1 North America Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.3.2 U.S.
- 10.3.2.1 U.S. Cervical Disc Prosthesis Market estimates and forecasts, 2017 - 2030 (USD Million)
- 10.3.3 Canada
- 10.3.3.1 Canada Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4 Europe
- 10.4.1 Europe Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4.2 U.K.
- 10.4.2.1 U.K. Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4.3 Germany
- 10.4.3.1 Germany Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4.4 France
- 10.4.4.1 France Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4.5 Italy
- 10.4.5.1 Italy Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.4.6 Spain
- 10.4.6.1 Spain Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5 Asia Pacific
- 10.5.1 Asia Pacific Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5.2 China
- 10.5.2.1 China Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5.3 Japan
- 10.5.3.1 Japan Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5.4 India
- 10.5.4.1 India Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5.5 Australia
- 10.5.5.1 Australia Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.5.6 South Korea
- 10.5.6.1 South Korea Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.6 Latin America
- 10.6.1 Latin America Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.6.2 Brazil
- 10.6.2.1 Brazil Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.6.3 Mexico
- 10.6.3.1 Mexico Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.6.4 Argentina
- 10.6.4.1 Argentina Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.7 Middle East & Africa
- 10.7.1 Middle East & Africa Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.7.2 South Africa
- 10.7.2.1 South Africa Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.7.3 Saudi Arabia
- 10.7.3.1 Saudi Arabia Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 10.7.4 UAE
- 10.7.4.1 UAE Cervical Disc Prosthesis Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 11 Company Profiles
- 11.1 MEDTRONIC
- 11.1.1 Company Overview
- 11.1.2 Financial Performance
- 11.1.3 Product Benchmarking
- 11.1.4 Strategic Initiatives
- 11.2 Depuy Synthes (Johnson & Johnson Services Inc.)
- 11.2.1 Company Overview
- 11.2.2 Financial Performance
- 11.2.3 Product Benchmarking
- 11.2.4 Strategic Initiatives
- 11.3 Zimmer Biomet
- 11.3.1 Company Overview
- 11.3.2 Financial Performance
- 11.3.3 Product Benchmarking
- 11.3.4 Strategic Initiatives
- 11.4 Stryker
- 11.4.1 Company Overview
- 11.4.2 Financial Performance
- 11.4.3 Product Benchmarking
- 11.4.4 Strategic Initiatives
- 11.5 Globus Medical Inc.
- 11.5.1 Company Overview
- 11.5.2 Financial Performance
- 11.5.3 Product Benchmarking
- 11.5.4 Strategic Initiatives
- 11.6 NuVasive
- 11.6.1 Company Overview
- 11.6.2 Financial Performance
- 11.6.3 Product Benchmarking
- 11.6.4 Strategic Initiatives
- 11.7 Orthofix Medical, Inc.
- 11.7.1 Company Overview
- 11.7.2 Financial Performance
- 11.7.3 Product Benchmarking
- 11.7.4 Strategic Initiatives
- 11.8 Centinel Spine, Inc.
- 11.8.1 Company Overview
- 11.8.2 Product Benchmarking
- 11.8.3 Strategic Initiatives
- 11.9 OLYMPUS CORPORATION
- 11.9.1 Company Overview
- 11.9.2 Financial Performance
- 11.9.3 Product Benchmarking
- 11.10 AXIOMED SPINE CORP
- 11.10.1 Company Overview
- 11.10.2 Product Benchmarking