The global cervical total disc replacement market is anticipated to grow at a compound annual growth rate of 22.1 percent between 2018 and 2026, according to a Coherent Market Insights analysis.
Here are six observations:
1. The global market will likely exceed $2.5 billion by 2026.
2. In 2017, the market was worth $771.6 million.
3. The market will witness growth due to the rising number of cervical disc degenerative disorder cases.
4. The metal over biocompatible material type segment will likely dominate the market due to its clinical benefits and clinical trial support.
5. North America, followed by Europe, will continue to lead the market space.
6. AxioMed, DePuy Synthes, FH Orthopaedics, Globus Medical, Medicrea, Medtronic Sofamor Danek, NuVasive, Osimplant, Pioneer Surgical, Ranier Technology, Spinal Kinetics, Spinal Motion and Stryker represent key market players.