This market research report presents a detailed segmentation of the global cervical artificial discs market by geography and includes key regions like the Americas, APAC, Europe, and MEA. The top vendors analyzed in this report are DePuy Synthes, LDR Holdings, Medtronic, and NuVasive.
Technavio’s market research analysts estimate the global cervical artificial discs market, to grow at a CAGR of more than 22% between 2016 and 2020. Growing preference among patients for minimally invasive surgery over open surgeries is boosting the demand for cervical implants. The Americas account for 57% of the total market share due to the increasing spinal non-fusion procedures volume, growing acceptance of technologically advanced cervical spinal implants, and augmented investments by vendors in clinical trials.
The new market research report from Technavio provides a breakdown and analysis of the cervical artificial discs segments by technology.
“Now-a-days, the manufacturers are increasingly using titanium as an alternative metal over stainless steel in making cervical spinal implants. Titanium implants are strong, lightweight, and porous and have minimum interference during computed tomography (CT) and magnetic resonance imaging (MRI) after implantation,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research
The rise in prevalence of cervical herniated disc disease among the geriatric population is the key driver for the growth of this market. Cervical disc herniation is observed in people working under sedentary conditions and is common among people suffering from trauma or lifting injuries. The growing prevalence of this disease among the aging population is a critical factor that drives market growth during the forecast period.
The key players in the global cervical artificial discs market are DePuy Synthes, LDR Holdings, Medtronic, and NuVasive. The market is highly competitive owing to the presence of numerous large, well-established vendors as well as new and emerging companies. Although the top vendors dominate this market in terms of shares, factors like increasing product innovation and development are anticipated to change the market scenario in the next four years.
A more detailed analysis is available in the Technavio report, Global Cervical Artificial Discs Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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