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Cervical Artificial Discs Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.
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Published date -30th Jan 2024
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Formats -PDF, CSV
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Region -Global
Market Size & CAGR of Cervical Artificial Discs Market in 2021
Cervical artificial discs market size in 2021 was estimated to be USD 500 million with a Compound Annual Growth Rate (CAGR) of 5%.
COVID-19 Impact on the Cervical Artificial Discs Market
The COVID-19 pandemic had a mixed impact on the cervical artificial discs market. While there was a temporary decline in procedures due to lockdowns and restrictions, the market is expected to rebound with the resumption of elective surgeries.
Cervical Artificial Discs Dynamics
The cervical artificial discs market is driven by technological advancements, increasing prevalence of cervical disc disorders, and growing demand for minimally invasive treatment options. Key players are focused on research and development to enhance product offerings.
Segments and Related Analysis
The cervical artificial discs market is segmented based on material, end-users, and regions. Materials include metal-on-metal, metal-on-biopolymer, and others. End-users encompass hospitals, ambulatory surgical centers, and specialty clinics.
By Region Analysis
The market is analyzed geographically into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to technological advancements and a high prevalence of cervical disc disorders.
Key Market Players and Competitive Landscape
Key players in the cervical artificial discs market include Medtronic, DePuy Synthes, Zimmer Biomet, Globus Medical, and NuVasive. The market is competitive with companies focusing on innovation and strategic partnerships.
Recent Happenings in the Cervical Artificial Discs Market
In recent developments, Medtronic launched a new cervical artificial disc with improved durability and range of motion. DePuy Synthes introduced a minimally invasive surgical technique for cervical disc replacement. These advancements aim to enhance patient outcomes and expand market reach.
