The low revision surgery rate for cervical disc replacement surgery will drive the global cervical total disc replacement device market, according to a MRRSE report.
Here are six observations:
1. An increasing aging population as well as a growing demand for CTDR devices for degeneration disc disease will also spur market growth.
2. Market trends include technological advancemans, research and development investment and merger and acquisition activity.
3. The metal on biocompatible material segment accounts for the majority market share, and will likely continue leading the market. This is due to the materials' greater rotation and flexibility.
4. In 2014, the hospitals segment led the CTDR device market in terms of end user.
5. However, the ambulatory surgery center segment is anticipated to grow at a higher compound annual growth rate than the hospital segment. This is because cervical disc replacement may be performed in ASCs, and more patients are choosing the outpatient setting.
6. Zimmer Biomet, Medtronic, Depuy Synthes, Globus Medical and NuVasive lead the market.