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(India.CityRegions.Com, September 19, 2018 ) Industry Outlook and Trend Analysis
The Cervical Total Disc Replacement Device Market was worth USD 0.62 billion in 2014 and is expected to reach approximately USD 4.05 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 23.26% during the forecast period. Cervical total disc replacement (CTDR) device is used to treat patients experiencing degenerative disc disorders (DDD). Neck pain is the real cause for advancement of DDD in cervical area of the spine. Cervical disc replacement a method that is performed for the treatment of DDD, where the degenerated plate is expelled surgically and a fake plate is embedded in the vertebra. Developing ageing population, low revision surgery rate of cervical disc replacement surgery and expanding interest for cutting edge innovative CTDR device for treatment of both class I and class II degenerative disc ailment are main considerations prompting expanded interest for CTDR devices, in this manner fuelling development of the CTDR devices market.
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Competitive Insights
The leading players in the market are Globus Medical Inc, Medtronic, LDR Holding Corporation, DePuy Synthes Companies and NuVasive Inc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Material Type Outlook and Trend Analysis
Metal on biocompatible material section holds lion’s share of the market at present and is foreseen to remain the main fragment regarding volume and incentive amid the figure time frame. The metal on a metal fragment is anticipated to develop regarding quality and volume, however at a moderately slower pace contrasted with the metal on the biocompatible material portion. The quantity of products in the metal on the biocompatible material portion is higher compared with the metal on a metal fragment, which is a significant driver for the development of the metal on the biocompatible material section.
End User Outlook and Trend Analysis
The hospitals section dominated the CTDR gadget device in 2014; nonetheless, the ASCs fragment is anticipated to grow at a higher CAGR over the estimate time frame in comparison to the hospitals section. This is attributed to the way that cervical disc replacement is an insignificantly intrusive surgery and can be performed in ASCs. Number of patients experiencing cervical plate substitution in ASCs is expanding generously because of components, for example, snappy release and their cost viability, which thus is anticipated to fuel development of CTDR device market in the ASCs section.
Regional Outlook and Trend Analysis
By area, North America is foreseen to stay prevailing in the CTDR device market fundamentally because of robust repayment schemes and ascend in the quantity of cervical disc replacement procedures performed in the area. Commonness of neck pain is higher in Western Countries when compared with APAC. On the basis of development rate, the APAC market is anticipated to develop at a huge pace predominantly because of the substantial populace base in the area.
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The Cervical Total Disc Replacement Device Market is segmented as follows-
By Material Type: Metal on a biocompatible material (M-o-B) Metal on metal (M-o-M)
By End User: Hospitals ASCs
By Regions: North America U.S Canada Mexico Europe Germany France UK Italy Spain Rest of Europe Asia-Pacific Japan China Australia India South Korea Southeast Asia Rest of Asia Pacific South America Brazil Argentina Columbia South Africa Rest of South America Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
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Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com
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