Cervical Disc Replacement Market - Forecast(2024 - 2030)

Report Code: HCR 58309 Report Format: PDF + Excel

Cervical Disc Replacement Market Overview

The cervical disc replacement market size is estimated to reach $973.1 million by 2027. Furthermore, it is poised to grow at a CAGR of 9.1% over the forecast period of 2022-2027. The cervical disc, in its natural form, provides a cushion and gap between the two cervical vertebrates. Moreover, the disc act as a major shock absorber, which allows one to move their neck freely. Hence, with injuries and diseases, the space or the cushion gets to narrow down, it contracts the nerves of the upper part of the body as well. Thereby, causing numbness, pain, and other issues. If the symptoms are not mitigated by oral medication, physicians often perform the said surgery, which is often referred to as cervical disc arthroplasty. In recent technological advancements, biocompatible material is being proactively used across by surgeons owing to the various beneficial factor they offer. Additionally, lumbar hyperlordosis, a condition in which the spine curvature in inwards, can be mitigated by operating through the disc replacement. However, as much as the following surgery is performed, there are certain areas and conditions in which it has to be avoided, such as if the patient has had a history of renal osteodystrophy. Additionally, heterotopic ossification has been a keen risk developed post cervical disc replacement surgeries. The growing geriatric population followed by the rising preference of the elderly to improve the lifestyle by allowing such surgeries to have been the key factors driving the cervical disc replacement industry forward in the projected period of 2022-2027.

Report Coverage

The report: “Cervical Disc Replacement Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Cervical Disc Replacement Market.

By Disc Type - Metal on metal and Metal on Biocompatible.
By Material - Polyethylene, Stainless Steel, Titanium, Cobalt-Chrome, Polycrystalline Diamond, and Others.
By Design - Constrained, Semi-Constrained, and Un-constrained.
By End-Users - Hospitals, Ambulatory Surgical Centers, Private Clinics, and Others. 
By Geography - North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, North America’s cervical spine replacement held a dominant market share in the year 2021. It is owing to the region’s predominant position in spending excessively on the healthcare wellbeing of the patients. Additionally, predominant research medical technology companies are located in the following region which makes it a pro-active region. However, Asia-Pacific is set to offer lucrative growth opportunities to the marketers owing to active medical tourism and an advanced outlook for developing the said field will allow the region to grow.
  • The growing geriatric population suffering from degenerative disc diseases has been a key market driver. However, high surgical costs and the availability of alternative treatments have halted the market growth.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Cervical Disc Replacement Market Report.

Cervical Disc Replacement Market- Geography (%) for 2021.

Cervical Disc Replacement Market

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Cervical Disc Replacement Market Segmentation Analysis- By Material

The cervical disc replacement market based on the material can be further segmented into Polyethylene, Stainless Steel, Titanium, Cobalt-Chrome, Polycrystalline Diamond, and Others. Cobalt-Chrome held a dominant market share in the year 2021. It is owing to its superior characteristics compared to the former version such as titanium and stainless steel. It offers high strength and nearly twice the stiffness in comparison to titanium. Moreover, with their corrosion resistance and excellent biocompatibility, CoCr alloys pose little risk of irritation, allergic reaction, or immune response. Lastly, high resistance to wear and tear has become a predominant reason for its adoption. Lastly, as per various reports, bearing surfaces favor the said material and low debris was found in comparison to metal and polyethylene debris.

However, Polycrystalline Diamond is estimated to be the fastest-growing, with a CAGR of 9.8% over the forecast period of 2022-2027. It is owing to the material rigidity it offers over the other counterparts. Moreover, in pre-clinical trials, the material showed 1000 times better and greater resistance than cobalt chrome.

Cervical Disc Replacement Market Segmentation Analysis- By End-Users

The cervical disc replacement market based on end-users can be further segmented into Hospitals, Ambulatory Surgical Centers, Private Clinics, and Others. Hospitals held a dominant market share in the year 2021. It is owing to the presence of a vast number of hospitals, especially dealing in orthopedic surgeries. Secondly, the insurance provides coverage to the predominant hospital procedures, which has been a major driver for the said segment.

However, ASCs are estimated to be the fastest-growing, with a CAGR of 10.1% over the forecast period of 2022-2027. It is owing to the various policies being incorporated by the countries such as the US which propels the patients to use the said mode. Moreover, the American rescue plan has further positioned the end-user segment in priority. Lastly, the US government estimates to save around $32 billion by 2022 by adopting to the ASC model.

Cervical Disc Replacement Market Segmentation Analysis- By Geography

The Cervical Disc Replacement Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America’s Cervical Disc Replacement market held a dominant market share of 33% as compared to the other regions in 2021. It is owing to the high expertise of the doctors performing the said operation. Moreover, the prevalence of chronic disc degenerative disease is estimated to be around three million. Further, the government operating in the following regions spends an extensive amount on medical care, thereby helping the market.

However, Asia-Pacific is set to offer lucrative growth opportunities to marketers in the projected period of 2022-2027. It is owing to the factors such as extensive medical tourism facilities and relatively cheaper modes to get the treatment done in countries such as India. For example, the cost for the said surgery in India is close to $7500, which is four times lower than what is offered in the US. Further, the region is seeing exponential investments within the medical infrastructure which will propel the market growth.

Cervical Disc Replacement Market Drivers

The growing prevalence of cervical degenerative disc disease in proportion with the growing geriatric population has aided the market growth.

Cervical disc degenerative diseases have been found to have a direct correlation with the rising age. As per various researches, the prevalence of DDD was found to be 40% in people below the age of 50. However, it increases to up to 80% when people cross the threshold of 70 years. Additionally, around 20-30% of the people won’t respond to non-surgical interventions. Thereby, assisting the market growth. Additionally, as per various organizations, the geriatric population is on the rise. As per CDC, by the year 2036, the US population will have a break-even distribution of young adults and the senior population. Moreover, the trends have been noticed in the region of Europe as well, as the geriatric population holds a portion of 21%. Hence, the growing number of geriatric populations will continue to aid the market growth.

The prevalence and use of ASCs to perform cervical disc replacement surgeries have aided the market growth.

ASCs have been growing over the last decade or more. As of 2010, there were close to 5000 facilities, which now stand at around 9500. Moreover, their growing numbers have assisted the growth of surgeries performed within cervical treatments. Additionally, Orthopedic and Pain are the chart leaders in terms of Multi-Specialty Certified ASCs. Furthermore, the patients prefer ASCs over hospitals as they can go back to their homes within 6-8 hours of the procedures while saving substantial costs in terms of operation and stay facilities. The patients also reported higher satisfaction when they used ASCs for cervical disc replacement surgeries. Hence, the following factor has been a key driver for the market growth.

Cervical Disc Replacement Market Challenges

The high cost associated with the disc replacement surgeries and the alternative treatment plan has hampered the market growth.

Physiotherapy and special exercises have been the first line of treatment to resolve the symptoms of disc diseases, which have severely hampered the surgical suite of the market. As per our analysis, around 60-80% of the people start to feel fine post-non-operative intervention. Additionally, the cost implication of the said procedure further halts the market penetration. Additionally, there have been cases reported which portray that reimbursement from the insurance companies for the said procedure is still not clear, and people have to bear the cost of the said treatment from their pocket. The treatment cost for the same is estimated in the US to touch $30,000-$50,000. Thereby, hampering the market growth.

Cervical Disc Replacement Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cervical Disc Replacement Market. The top 10- Cervical Disc Replacement Market companies are-

  1. Stryker Corporation,
  2. Medtronic Plc,
  3. Zimmer Biomet Holdings, Inc.,
  4. Globus Medical, Inc.,
  5. FH Orthopedics,
  6. Orthofix Medical Inc.,
  7. NuVasive Inc.,
  8. Centinel Spine, Inc.
  9. Aesculap
  10. SpineArt SA

Recent Developments

  • In September 2021, Dymicron won the award for their product “Triadyme- C Artificial Cervical Disc.” The product has been a stalwart in the said market, as it is a motion-preserving cervical artificial disc that is made of polycrystalline diamond. The said material has been regarded as the toughest material ever discovered by humankind. The product guarantees prolonged comfort as there are no plausible wear and tear.
  • In May 2021, Orthofix Medical Inc supplied their three- and four-year study pertaining to their M6-C artificial cervical disc single-use IDE study. After three years, the scores stand at a means score of NDI- 10.9, which is better than the means of NDI- 17.2, which was observed in the ADCF group. Moreover, Patients receiving the M6-C disc experienced a mean improvement from the NDI baseline of 43.9 points at three years and 45.2 points at four years, compared to 35.5 and 32.8, respectively, for the ACDF cohort, with the four-year results being significantly better for the M6-C disc group.
  • In February 2021, NuVasive acquired Simplify Medical for $150 million. The acquisition will allow complete access to the product portfolio of the latter company which also includes key elements of surgical spine elements. NuVasive will use its commercial and distribution channels to sell the Simplify Disc in the U.S. and abroad. NuVasive expects the deal will directly accelerate net sales goals and will be accretive to its non-GAAP diluted earnings in 2022.

Relevant Titles

Orthopedic Braces and Support, Casting, and Splints Market- Forecast (2022-2027)
Report Code- HCR 0670

Orthopedic Devices Market- Forecast (2022-2027)
Report Code- HCR 1228

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1. Cervical Disc Replacement Market Overview
    1.1 Definitions and Scope
2. Cervical Disc Replacement Market- Executive Summary
3. Cervical Disc Replacement Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Cervical Disc Replacement Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Cervical Disc Replacement Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Cervical Disc Replacement Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    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 – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Cervical Disc Replacement Market- By Product Type (Market Size –$Million/$Billion) 
    8.1 Metal on Metal
    8.2 Metal on Biocompatible
9. Cervical Disc Replacement Market- By Material (Market Size –$Million/$Billion) 
    9.1 Polyethylene
    9.2 Stainless Steel
    9.3 Titanium
    9.4 Cobalt Chrome
    9.5 Polycrystalline Diamond
    9.6 Others
10. Cervical Disc Replacement Market- By Design (Market Size –$Million/$Billion) 
    10.1 Constrained
    10.2 Semi-Constrained
    10.3 Un-constrained
11. Cervical Disc Replacement Market- By End Users (Market Size –$Million/$Billion) 
    11.1 Hospitals
    11.2 Ambulatory Surgical Centers
    11.3 Private Clinics
    11.4 Others
12. Cervical Disc Replacement Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 U.S
        12.1.2 Canada
        12.1.3 Mexico
    12.2 South America
        12.2.1 Brazil
        12.2.2 Argentina
        12.2.3 Chile
        12.2.4 Colombia
        12.2.5 Rest of South America
    12.3 Europe
        12.3.1 Germany
        12.3.2 France
        12.3.3 UK
        12.3.4 Italy
        12.3.5 Spain
        12.3.6 Russia
        12.3.7 Rest of Europe
    12.4 Asia-Pacific
        12.4.1 China
        12.4.2 Japan
        12.4.3 South Korea
        12.4.4 India
        12.4.5 Australia & New Zealand
        12.4.6 Rest of APAC
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Cervical Disc Replacement Market - Market Entropy
    13.1 New product launches
    13.2 M&A's, collaborations, JVs, and partnerships
14. Cervical Disc Replacement Market – Industry Competition Landscape (Premium)
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key Companies
        14.1.3 Market Share by Countries – Key Companies
    14.2 Competition Matrix
    14.3 Best Practices for Companies
15. Cervical Disc Replacement Market – Key Company List by Country Premium (Premium)
16. Cervical Disc Replacement Market - Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies

LIST OF TABLES

1.Global Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
1.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Global Industry Research
1.2 Metal On Metal Market 2023-2030 ($M) - Global Industry Research
2.Global Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
2.1 Hospital Market 2023-2030 ($M) - Global Industry Research
2.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Global Industry Research
3.Global Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 (Volume/Units)
3.1 Metal On A Biocompatible Material Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Metal On Metal Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Global Cervical Disc Replacement Market, By End User Market 2023-2030 (Volume/Units)
4.1 Hospital Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Ambulatory Surgical Center Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
5.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Regional Industry Research
5.2 Metal On Metal Market 2023-2030 ($M) - Regional Industry Research
6.North America Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
6.1 Hospital Market 2023-2030 ($M) - Regional Industry Research
6.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Regional Industry Research
7.South America Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
7.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Regional Industry Research
7.2 Metal On Metal Market 2023-2030 ($M) - Regional Industry Research
8.South America Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
8.1 Hospital Market 2023-2030 ($M) - Regional Industry Research
8.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Regional Industry Research
9.Europe Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
9.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Regional Industry Research
9.2 Metal On Metal Market 2023-2030 ($M) - Regional Industry Research
10.Europe Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
10.1 Hospital Market 2023-2030 ($M) - Regional Industry Research
10.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Regional Industry Research
11.APAC Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
11.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Regional Industry Research
11.2 Metal On Metal Market 2023-2030 ($M) - Regional Industry Research
12.APAC Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
12.1 Hospital Market 2023-2030 ($M) - Regional Industry Research
12.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Regional Industry Research
13.MENA Global Cervical Disc Replacement Market, By Material Type Market 2023-2030 ($M)
13.1 Metal On A Biocompatible Material Market 2023-2030 ($M) - Regional Industry Research
13.2 Metal On Metal Market 2023-2030 ($M) - Regional Industry Research
14.MENA Global Cervical Disc Replacement Market, By End User Market 2023-2030 ($M)
14.1 Hospital Market 2023-2030 ($M) - Regional Industry Research
14.2 Ambulatory Surgical Center Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
2.Canada Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
3.Mexico Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
4.Brazil Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
5.Argentina Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
6.Peru Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
7.Colombia Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
8.Chile Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
9.Rest of South America Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
10.UK Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
11.Germany Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
12.France Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
13.Italy Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
14.Spain Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
15.Rest of Europe Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
16.China Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
17.India Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
18.Japan Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
19.South Korea Cervical Disc Replacement Market Revenue, 2023-2030 ($M)
20.South Africa Cervical Disc Replacement Market Revenue, 2023-2030 ($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)