Market Size & CAGR of Cervical Disc Replacement Market in 2021

The global cervical disc replacement market is expected to have a growth rate of 4.5% CAGR from 2021 to 2028. As a result, the market is anticipated to grow by USD 345.67 million by 2028.

COVID-19 Impact on the Cervical Disc Replacement Market

The COVID-19 pandemic has significantly impacted the cervical disc replacement market. Due to lockdowns and restrictions, many elective surgeries were postponed, leading to a temporary decline in the market. However, with the gradual reopening of healthcare facilities, the market is expected to recover steadily.

Cervical Disc Replacement Dynamics

The cervical disc replacement market is driven by factors such as the increasing prevalence of cervical disc degeneration, technological advancements in replacement devices, and the rising demand for minimally invasive procedures. On the other hand, factors like high costs associated with the surgery and the availability of alternative treatments may hinder market growth.

Segments and Related Analysis

The market for cervical disc replacement can be segmented based on the type of disc replacement devices, materials used, end-users, and regions. The cervical disc replacement devices segment is expected to dominate the market due to the growing adoption of artificial discs for surgical procedures.

By Region Analysis

Regionally, North America is likely to lead the cervical disc replacement market, followed by Europe and the Asia Pacific. This dominance is attributed to the presence of well-established healthcare infrastructure, technological advancements, and the high prevalence of cervical disc disorders in these regions.

Key Market Players and Competitive Landscape

Key players in the cervical disc replacement market include Medtronic, NuVasive, Zimmer Biomet, Globus Medical, and Johnson & Johnson. These companies are focusing on research and development activities, mergers, and acquisitions to strengthen their market position.

Recent Happenings in the Cervical Disc Replacement Market

In recent developments, Medtronic introduced a new cervical disc replacement device that offers better mobility and durability for patients. NuVasive announced a strategic partnership with a leading research institute to develop innovative solutions for cervical disc disorders.