Global Report of Cervical Total Disc Replacement (CTDR) Market Size, Dynamics, Regional Share, Trends, Competitor Analys
Global Report of Cervical Total Disc Replacement (CTDR) Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2016 and Forecast 2017-2024
Growing market for cervical total disc replacement surgery
Global Cervical Total Disc Replacement (CTDR) Market: An artificial cervical disc is an innovative device which is used to replace damaged disc in between the two vertebras of the neck region. Neck pain is the primary cause for development of degenerative disc disorder in cervical region of spine. An artificial cervical disc mimic the natural structure and function of a degenerated cervical disc and aim to preserve motion that is lost in the spine following a spinal fusion surgery.
The factors which are leading the market growth of cervical disc replacement surgery are increase in the aging population, changing lifestyle and improved government are expected to boost the market globally. In addition, increase in healthcare awareness about cervical disorders is also fueling the growth of the market. However, side effects that associated with the surgery, nucleus replacement devices, and healthcare reimbursement issues are major factors hampering the growth of global CTDR Market.
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The global cervical total disc replacement market is divided as following categories-
1. Material type
• Metal on Biocompatible material
• Metal on Metal
2. End-users
Specialty Clinics, Hospitals and ambulatory surgical centers.
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And lastly on the basis of geographical regions, the global cervical total disc replacement market has five major regions- North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America region is the major contributor to CTDR owing to favorable reimbursement policies and increase in cervical disc replacements performed in the region. In Western Countries incidence of neck pain is higher as compared to APAC regions. In APAC region, CTDR market is expected to grow at a significant rate due to the huge population base in the region. The Middle East and Africa cervical disc replacement market remains untapped, and showing lucrative growth opportunity.
Some of the key market players in CTDR market are Depuy Synthes (a Johnson & Johnson Services Inc.) (U.S.), Medtronic (U.S.), NuVasive, Inc. (U.S.), Globus Medical, Inc., (U.S.), and LDR Holdings Corporation (U.S.) to name a few. In 2017, DePuy Synthes Products, Inc. (Johnson & Johnson Services Inc.,) acquired Innovative Surgical Solutions, LLC, to expand their product portfolio.
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Conventionally, Degenerative disc diseases are treated through spinal fusion surgery, but due to the high rate of revision surgery and increasing the prevalence of adjacent segment disc degeneration post fusion surgery, doctors prefer cervical disc replacement over spinal fusion. Major players in the market are proactively providing training to spine surgeons, thus, ensuring efficient handling of their respective products. LDR Holding Corporation, which has emerged as a major player in the market after receiving its first FDA clearance in 2013 for Mobi-C Cervical Disc for both one- and two-level cervical disc replacement.
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