Wearable Tech is Fastest Growing Segment Fueling Growth of the Cervical Total Disc Replacement Device Market

 

The global Cervical Total Disc Replacement Device Market is estimated to be valued at US$ 2.4 Bn in 2023 and is expected to exhibit a CAGR of 21% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Cervical total disc replacement devices are implants used to replace damaged spinal discs in the neck region. These implants reduce neck and arm pain by preserving motion between vertebrae and maintaining cervical lordosis. They offer advantages over fusion surgery such as reduced adjacent segment degeneration and faster recovery time.

Market key trends:
The integration of wearable sensors with total disc replacement devices is a major trend in the market. Emergence of sensor-enabled cervical discs allows continuous monitoring of patient's spine health. Sensors measure parameters like load, displacement and motion of the cervical spine. This data is wirelessly transferred to a mobile app or web portal allowing patients and physicians to track recovery and detect any abnormal cervical spine movements after surgery. The data insights help physicians optimize rehabilitation protocols and prevent complications. Increased adoption of wearable-integrated cervical discs is expected to drive the market growth over the forecast period.
Segment Analysis
The global cervical total disc replacement device market is segmented into product type and end user. Based on product type, the market is segmented into metal on a biocompatible material and metal on metal. The metal on a biocompatible material segment dominates the market as these devices have 360-degree rotation and fewer complications compared to metal on metal devices.

Key Takeaways
The global cervical total disc replacement device market is expected to witness high growth, exhibiting CAGR of 21.% over the forecast period, due to increasing prevalence of cervical degenerative disc disease.

Regional analysis
North America dominates the global cervical total disc replacement device market owing to rising geriatric population and increasing number of cervical disc replacement surgeries in the US. Asia Pacific is expected to grow at the fastest rate due to growing awareness and improving healthcare infrastructure in the region.

Key players
Key players operating in the cervical total disc replacement device market are Stryker Corporation, Medtronic plc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., FH Orthopedics, Orthofix Medical Inc., NuVasive Inc., Centinel Spine, Inc., ZimVie, inc., and other prominent players. The major players are focusing on new product launches and geographical expansion to increase their market share in the cervical total disc replacement device market.

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